Subscribe free to our newsletters via your
. Farming News .




OIL AND GAS
Egypt, Iraq boost second quarter profits for Dana Gas
by Daniel J. Graeber
Sharjah, United Arab Emirates (UPI) Aug 6, 2014


disclaimer: image is for illustration purposes only

Emirati energy company Dana Gas said Wednesday its second quarter profits soared in part because of the 17 percent increase in production.

"The focus on operational performance has seen us achieve better operating profits and margins, revenues and a 17 percent increase in production output in the second quarter," Chief Executive Officer Patrick Allman-Ward said in a statement.

The company said overall production reached 72,200 barrels of oil equivalent per day during the second quarter, up from the 61,700 boe per day reported during the same period last year.

In Egypt, the company's natural gas production rose to 42,950 boe per day, while operations in the Kurdish north of Iraq rose by 7 percent to 28,800 boe per day.

Dana last month said it was successful with its case in an international court of arbitration in London against the semiautonomous Kurdish government of Iraq for regular payments due to the company.

"We continue to address and make progress on our overdue receivables," the CEO said.

Dana said second quarter profits rose 70 percent to around $46 million.

.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
Russia sets dates for energy talks with EU
Moscow (UPI) Aug 5, 2014
Members from the European Union are expected to meet with Russian Energy Minister Alexander Novak at the end of August, the Kremlin said Tuesday. European leaders are trying to diversify a natural gas sector that depends heavily on Russia. Most of the gas Russia sends to Europe runs through a Soviet-era pipeline network in Ukraine and ongoing crises there adds a layer of risk to the Eur ... read more


OIL AND GAS
NASA's IceCube No Longer On Ice

New NASA Studies to Examine Climate/Vegetation Links

Quiet Year Expected for Amazon Forest Fires in 2014

OCO-2 Data to Lead Scientists Forward into the Past

OIL AND GAS
Boeing GPS IIF satellite launched by Air Force

GPS-guided shell in full-rate production

Targeting device that helps reduce collateral damage tested by the Army

China releases geoinformation industry plan

OIL AND GAS
Selective logging takes its toll on mammals, amphibians

Urban heat boosts some pest populations 200-fold, killing red maples

Borneo deforested 30 percent over past 40 years

Reducing Travel Assisted Firewood Insect Spread

OIL AND GAS
Spinach could lead to alternative energy more powerful than Popeye

Biofuels benefit energy security, Secretary Moniz says

German laws make biogas a bad bet, RWE Innogy says

U.S. looking for ways to make biofuels cheaper

OIL AND GAS
'Active' surfaces control what's on them

Asia Development Bank to help drive low-carbon investments

KYOCERA Solar Modules Tapped by Sierra Nevada to Power New Brewery in Mills River

SPCG and KYOCERA Complete 35 Utility-Scale Solar Farms in Thailand

OIL AND GAS
Low-carbon pool growing in British economy

Portuguese consortium to spend $300 million on wind

Fires are a major cause of wind farm failure

Marine life thrives around offshore wind farms

OIL AND GAS
Australia approves huge India-backed mine

Beijing shuts large coal power plant to curb smog: report

Twenty-two dead in southwest China coal mine accident

OIL AND GAS
China Internet backlash after televised 'mistress' confession

Chinese broadcaster 'displays anti-Communist messages'

Tibetan monk cremated in Nepal despite China controversy

Horseplay a rich man's game in China




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.