UAE-based Dana Gas reported a higher-than-expected fourth quarter net profit of Dh59 million ($16.07 million), helped by higher production after posting a loss of Dh193 million a year ago. The Gulf's only listed natural gas company, Dana Gas also
The 2P reserves results give a total reserves addition of 15% (after 2010 production) and 27% (before 2010 production). The total production replacement ratio associated with this 2P reserves increase is 229%. Concerning, the operational Results, the
With a dedicated workforce comprising 130 highly qualified Omani nationals and an impressive Omanisation rate of 87 per cent, Oman Oil Marketing Company (omanoil) was recently recognised by the Ministry of Manpower at the 2010 Omanisation Awards for its
A Saudi civil contractor became a bright spot on the nation's stock exchange yesterday after the company announced a 265 million riyal contract award and a partnership agreement to establish a training institute in the kingdom. Mohammad Al Mojil Group
Augmenting its national outreach to all regions of the Sultanate, Oman Oil Marketing Company (omanoil) announced that the Company inaugurated ten new filling stations in a number of prime locations across the nation during 2010 alone, bringing the total
Dana Gas was the most active stock on the Abu Dhabi exchange yesterday, gaining as Brent crude prices approached US$100. The gas explorer and producer said this month that it would keep all its concessions in Egypt's Nile Delta. Earlier, the company had
UAE’s Dana Gas said it will continue its operations in Egypt’s Nile River delta region as annual production jumped by 20 per cent last year. Sharjah-based energy firm announced on Tuesday that its annual production rate for 2010 from its Nile Delta
Dana Gas, a leading UAE-energy company, said on Tuesday its production in Egypt had increased 20 per cent in 2010 helped by output from seven new fields in the Nile Delta. Production hit 42,000 barrels of oil equivalent per day (boepd) in 2010 and is
Dana Gas PJSC, a United Arab Emirates energy company, will keep all of its natural gas concessions in Egypt’s Nile River delta region, reversing a plan to sell stakes there because of operational success and production increases. Output in Egypt rose 20
Saudi Arabia's Mohammad Al-Mojil Group signed on Monday a SR197 million contract ($52.5 million) with South Korea's Hyundai Engineering and Construction Company to build an engine oil factory in Abu Dhabi. Construction will start in February and run