Fuel bunkering service launched at Duqm port
(Times of Oman - 27/11/2017)
Oman Oil Marketing Company has started its fuel bunkering operations by barge at Port of Duqm as part of its drive to expand ship-to-ship services in the Sultanate's maritime logistics hubs. Developed in line with the most stringent international
Dana Gas seen returning to table after London ruling
(Gulf Times - 22/11/2017)
Dana Gas plans to appeal a UK court ruling on $700mn of its Islamic bonds, whose holders include Goldman Sachs Group Inc and BlackRock Inc. The decision by the London court on Friday is "flawed" because the UAE-based company was barred from participating
Dana Gas shares fall 4.17% on London sukuk ruling
(Gulfnews - 20/11/2017)
Dana Gas saw its share prices nosedive 4.17 per cent on Sunday to reach 0.69 fils, following Friday's sukuk ruling, which saw the English High Court rule against Dana Gas and in favour of bondholders. The Sharjah-based company said on Sunday it plans to
Judge rules in favour of creditors in Dana Gas Islamic bond case
(Times of Oman - 19/11/2017)
A London High Court judge has ruled in favour of creditors in a dispute over whether United Arab Emirates energy company Dana Gas must repay $700 million of Islamic bonds. Dana Gas had said it was under no obligation to pay bondholders because of changes
Dana Gas ready to import Iranian gas if supplies are 'reliable'
(The National - 16/11/2017)
Sharjah-based energy company Dana Gas says its affiliate Crescent Petroleum's facilities are ready for the import of gas from Iran, should the National Iranian Oil Company (NIOC) indicate its willingness to deliver gas through an existing pipeline that
Oman Oil Co eyes enhanced upstream presence
(Oman Daily Observer - 16/11/2017)
Oman Oil Company (OOC), the Omani government's energy investment arm, is moving aggressively to grow its presence in the upstream segment of the Sultanate's oil & gas industry, complementing its already formidable footprint in the midstream and
DANA GAS POSTS $125M NET PROFIT IN 9M 2017
(Press Release - 13/11/2017)
Dana Gas PJSC, the Middle East's largest regional private sector natural gas company, today announced its financial results for the third quarter, ended 30 September 2017. The Company reported 9M 2017 revenues of $330 million and gross profit of $86
NAPESCO posts KD 7.9mn net profit for first 9 months
(Arab Times - 09/11/2017)
National Petroleum Services Company (NAPESCO) announced on Tuesday that its net profit was totaling KD 7.9 million (around $25.8 million) during the first nine months of 2017, compared to KD 5.7 million during the same period in 2016, an increase of 39.7
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