Page 11 - Patrick Allman News Today

Dubai: Dana Gas said it terminated the sale of its Egyptian assets after it failed to come to an agreement with IPR Energy Group (IPR). “A number of conditions precedent to the transaction could not be completed to the satisfaction of both parties prior to the long stop date of the Sale and Purchase Agreement (SPA), which was Wednesday 14th April 2021,” said Dana Gas in a statement. The Board has therefore decided to retain and operate the assets in Egypt alongside the highly prospective ex...

DUBAI: Dana Gas, the UAE-based energy company, said it has terminated an agreement to sell its Egyptian assets for $236 million to IPR Wastani Petroleum. A number of conditions needed to close the deal could not be completed by the deadline set down in the sale and purchase agreement, which was April 14, the company revealed in a filing to the Abu Dhabi stock exchange, where its shares are listed. The deal was originally announced last October. It did not specify what the financial impact of th...

Dana Gas KRI collections at $53m SHARJAH, 3 hours, 32 minutes ago Dana Gas, the Middle East’s largest regional private sector natural gas company, announces that year-to-date Pearl Petroleum has received $151 million from the sale of gas, condensate and LPG, in the Kurdistan Region of Iraq (KRI).  All invoices from the KRG continue to be settled in full and in a timely manner.   Dana Gas is a 35% shareholder in Pearl Petroleum and accordingly its share of KRI collections year-to-date is...

Dana Gas KRI collections at $53 million year-to-date SHARJAH, 20th April, 2021 (WAM) -- Dana Gas has announced that year-to-date Pearl Petroleum Company Limited has received $151 million (AED553 million) from the sale of gas, condensate and LPG, in the Kurdistan Region of Iraq (KRI). All invoices from the KRG continue to be settled in full and in a timely manner. Dana Gas is a 35 percent shareholder in Pearl Petroleum and accordingly its share of KRI collections year-to-date is $53 million (AED...

(MENAFN - Iraq Business News) Dana Gas PJSC , the Middle Easts largest regional private sector natural gas company, today announced its Preliminary Unaudited Financial Results for the full year ended 31 December 2020. The Company reported a Net Profit of $36 million (AED 131mm) versus $88 million (AED 322mm) in 2019, excluding one-off non-cash impairments and other income. Including these one-offs, the Company reported a Net Loss of $376 million (AED 1.4bn) versus a Net Profit of $157 million...

Tonhaugen argues that current p[rices are propped up by "artificial" supply cuts.

But company sees future benefits from selling onshore Egypt interests, new blocks

Feb 11, 2021 11:00:am Summary by: Shardul Sharma The Middle East and North Africa-focused Dana Gas slipped into red during the 12 months to December 31 owing to impairment losses relating to the sale of its Egyptian onshore assets, it said on February 11. The compan... Posted in:

Frontier launches North Africa and Mediterranean event Frontier Energy will hold its North Africa and Mediterranean E&P Summit online on January 28, showcasing the region’s future energy potential. Updated: 18/01/2021, 7:55 am Sunrise over Erg Chebbi dunes, Merzouga, Morocco Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to our newsletter. Something went wrong - please try again later. ...

IN-VR sets stage for Mediterranean event IN-VRs Mediterranean Gas & Energy Week Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to our newsletter. Something went wrong - please try again later. Sign Up The event marks the merger of the 3rd Mediterranean Oil & Gas Summit and the 8th Balkans Petroleum event. The conference will bring together European and Balkans officials with IOCs, th...