Dana Gas plans to slash costs, cut jobs

Dana Gas plans to cut its costs by half and to eliminate its head-office workforce by 40%, according to Reuters, citing the company’s chief executive, Patrick Allman-Ward.

The Abu Dhabi-listed energy company will continue to expand its operations in Egypt, where its Balsam field in the Nile delta came onstream in late 2015. In addition to Egypt, Dana Gas has operations in the United Arab Emirates and in Iraq's Kurdistan region.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...