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Dana Gas' H1 2017 profit soars by 77% at $23mn In the first half 2017, Dana Gas reported gross revenues of $222mn and net profit of $23mn as compared to $178mn and $13mn respectively in H1 2016.

Dana Gas' H1 2017 profit soars by 77% at $23mn

The Sharjah-based private natural gas producing company attributes positive financial results to a range of factors including increased revenues, receipt of financial claims from Kurdistan and operational excellence measures

 •   Dana Gas Q1 2017 revenue rises by 44%, profit surges 83%
 •   Dana Gas fulfils 1st international condensate sale
 •   Dana Gas sukuk drops as market's concern rises


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Phoenix Contact: Maintenance-free buffer modules bridge failures lasting several seconds

Phoenix Contact: Maintenance-free buffer modules bridge failures lasting several seconds

The Quint Buffer module combines an electronic switch-over unit and maintenance-free, capacitor-based energy storage in the same housing
 
Phoenix Contact: Router with new security functionality

Phoenix Contact: Router with new security functionality

The FL Mguard RS4000 TX/TX-P security router from Phoenix Contact offers an extended temperature range as well as ATEX and IECEx approval
 
Phoenix Contact: Current indicator terminal blocks with push-in connection

Phoenix Contact: Current indicator terminal blocks with push-in connection

The voltage drop is evaluated at a Zener diode in reverse direction and is indicated by an LED
 
Phoenix Contact: Intuitive online configuration

Phoenix Contact: Intuitive online configuration

The different options to customise a product range from colour variations and printing through to coding
 

 

Petrofac announces winning $100mn worth contracts in Iraq

Petrofac announces winning $100mn worth contracts in Iraq

Petrofac has secured a contract extension and a new award with a combined value of more than $100mn for construction management, engineering, commissioning and start-up services for two IOCs
 
Flagship well stimulation product helps Wavefront grow in Kuwait

Flagship well stimulation product helps Wavefront grow in Kuwait

American oilfield services provider has claimed a boost in its reputation in Kuwait by virtue of the customer satisfaction its flagship Powerwave brand has earned in the Gulf state
 
SAP partners with Saudi Aramco to create digital business marketplace

SAP partners with Saudi Aramco to create digital business marketplace

SAP Cloud Hub will launch soon as part of the IT major's four-year $76mn investment plan in the Kingdom
 
Deals signed to build Oman's first LPG extraction project

Deals signed to build Oman's first LPG extraction project

The strategically important project being developed by the Oman Gas Company, at a site located within Salalah Free Zone, will see an investment of $828mn
 
SPX Flow increases Iraq foothold through JV with local company

SPX Flow increases Iraq foothold through JV with local company

The common workshop in Basrah province is located in the deemed heartland of Iraq's oil producing south and is strategically located to provide easy access to Iraq's 'super giant' oilfields
 
Iran begins exporting gas to Iraq: Report

Iran begins exporting gas to Iraq: Report

Exports had started at approximately 7mcm/d and would eventually reach up to 35mcm/d, Amir Hossein Zamaninia, the deputy oil minister for trade and international affairs, has said
 
Weir Oil & Gas acquires KOP Surface Products

Weir Oil & Gas acquires KOP Surface Products

Weir's acquisition of the pressure control technologies provider is for an equivalent enterprise value of $114mn, and is expected to complete in the third quarter of 2017
 
Petrofac wins 10-year-long EPCm contract from PDO

Petrofac wins 10-year-long EPCm contract from PDO

The long-term Framework Agreement, which has a duration of ten years, with an additional five-year extension option, builds upon a three-year programme of EPCm support contract delivery Petrofac has undertaken on behalf of Petroleum Development Oman
 
Equatorial Guinea's Bioko Oil Terminal to build facility in KSA

Equatorial Guinea's Bioko Oil Terminal to build facility in KSA

Bioko Oil Terminal and Arabian Energy DMCC have signed an agreement to collaborate on the development, implementation, construction and financing of the $500mn project
 
Saudi Aramco invites bids for $400mn EPC contract

Saudi Aramco invites bids for $400mn EPC contract

Saudi oil giant floats tender for a new fuel storage facility for oil products at the port of Duba, on Tabuk's Red Sea coast
 
UAE announces lower fuel prices for April 2017

UAE announces lower fuel prices for April 2017

The move by the UAE Energy Ministry, the first in 2017, comes as the price of Brent crude - the global crude oil benchmark - has remained subdued and trading around $52 a barrel for the past couple of weeks
 




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