Dana Gas, Kurdistan settle long-standing dispute
(The National - 31/08/2017)
The Kurdistan regional government (KRG) has agreed to pay the Pearl Petroleum consortium, which includes Sharjah-based Dana Gas and its parent Crescent Petroleum, for the further development of the Khor Mor and Chemchemal gasfields in northern Iraq after
Dana Gas moves to lift court injunction in sukuk case
(The National - 21/08/2017)
Dana Gas, a Sharjah-based oil and gas exploration firm, has filed an application with the emirate's Federal First Instance Court to lift an injunction, protecting it against claims related to its US$700 million Islamic bonds or sukuk. Dana, which is
Nakilat completes management transition of LNG vessels
(The Peninsula - 21/08/2017)
Nakilat Shipping Qatar Limited (NSQL) a wholly owned subsidiary of Nakilat and Shell International Trading, and Shipping Company Limited (Shell), yesterday announced the completion of the first phase of what will be the world's largest management
Dana Gas bondholders face 'signi cant liability' in UAE court case
(Arab News - 16/08/2017)
Investors in Dana Gas's $700 million Islamic bond are likely to have to repay the company a "significant" amount as a result of legal action in the UAE, the company said on Tuesday. In a case which has unsettled the Islamic finance industry, Dana is
Qatargas delivers first Q-Max cargo to Thailand
(The Peninsula - 13/08/2017)
Qatargas delivered the first Q-Max cargo of Liquefied Natural Gas (LNG) under the long-term Sale and Purchase Agreement (SPA) between Qatar Liquefied Gas Company Limited - 3 (Qatargas 3) and PTT Public Company Limited to the Kingdom of Thailand's Map Ta
Dana Gas said to see creditors turn debtors as showdown deepens
(The National - 09/08/2017)
The standoff between Dana Gas and its bondholders took a fresh twist after the Middle Eastern energy explorer that's trying to void US$700 million of its own debt was said to believe investors may even have to pay the company. The Sharjah-based gas
Dana Gas wins payout in dispute with Kurdistan Regional Government
(Arab News - 02/08/2017)
Dana Gas and its consortium partners have been awarded $14 million plus interest in a dispute with Iraq's Kurdistan Regional Government (KRG), the UAE company said on Tuesday. The case was filed with the London Court of International Arbitration in 2013
Gulf International Services revenue for H1 reaches QR1.25bn
(The Peninsula - 01/08/2017)
Gulf International Services (GIS) has reported a total revenue of about QR1.25bn for the first half (H1) of the current financial year ended June 30, 2017, down by 22 percent compared to the corresponding period last year. The Group's net profit for the
Dana Gas takes offer to creditors off the table in $700m sukuk row
(Arab News - 01/08/2017)
Dana Gas has revoked an offer to creditors to exchange its outstanding $700 million Islamic bond for new notes, ending the chance of a consensual resolution to a case that could shape the future of the global Islamic finance industry. Dana is refusing to
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