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Dana Gas 9M net profit $126m
Profitability dropped 22% due to lower realized prices.
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Dana Gas logs $83m net profit
Revenue for the first half decreased 22% to $222 million. -
Dana Gas to hike its foreign ownership limit to 100 percent
Sharjah, UAE--With an aim to bolster the country's capital markets, the Sharjah-based company Dana Gas has revealed that it will raise its foreign ownership limit to 100 percent. The company said that it had obtained the approval of the regulatory authorities to raise the percentage of foreign ownership from 49... -
Dana Gas posts fall in profit
Its net profit fell 7 percent to US$50 million in Q1 of 2023. -
Dana Gas approves cash dividend
The total dividend payout will be $171 million. -
Dana Gas proposes dividend
The company had reported a net profit of $182 m for 2022. -
Dana Gas 2022 net profit $182m
The rise in adjusted net profit driven by high energy prices. -
Dana Gas net profit up 64%
The company reported net profit of $161m for 9M of 2022. -
Dana Gas to pay $85m H1 dividend
The dividend of 4.5 fils per share will be paid by 21 Oct. -
Dana Gas posts $110m profit
The better results were driven by high hydrocarbon prices. -
Dana Gas to pay 4.5 fils per share
The total dividend paid for 2021 now stands at 8 fils. -
Dana Gas, Crescent Petroleum report record sales gas production
Dana Gas and its partner Crescent Petroleum have reported record sales gas production from their operations in the Kurdistan Region of Iraq (KRI), reaching 452 million standard cubic feet per day (MMscf/d) at the end of 2021. The production milestone is the culmination of numerous process improvements at the Khor... -
Dana Gas’s 2021 collections spike 107% to $377 million
Dana Gas has announced that its collections from the KRI and Egypt rose 107% year-on-year in 2021 to $377 million from $182 million in 2020, enhanced by a strong rebound in oil prices. -
Dana Gas receives $39 million payment from Egyptian government
Dana Gas has received a payment of $39 million (AED143 million) from the Egyptian Government in December, the company announced Wednesday. The payment reduced its receivables in Egypt to its lowest levels at below $30 million since commencing operations there in 2007, local media reports said. It complements a year... -
Dana Gas doubles its earnings to $256m from its sites in Egypt and Iraq
Dana Gas, the UAE-based natural gas company, has seen its earnings double from its operations in Egypt and Iraqi Kurdistan so far this year. -
Tribunal awards Dana Gas $607 million in a case against Iran’s state producer
DUBAI: Sharjah-based Dana Gas has been awarded $607.5 million as compensation for damages in a case against the Iranian state-owned National Iranian Oil Company (NIOC). The damages were awarded by an international tribunal, which will hear the case for the final time in October 2022 in Paris. A final award... -
UAE-led consortium gets $250m for gas plant in deal with DFC
The consortium, called Pearl Petroleum Company Limited, is led by Dana Gas and Crescent Petroleum, both of which are from the UAE. The development will help in meeting the rising demand for clean natural gas for electricity generation and industry in the KRI.