Schlumberger Reduces Operations in Venezuela
Sunday, 17th April 2016
Schlumberger, the world's leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry, will reduce activity in Venezuela after failing to collect enough payments.
Dana Gas Encumbered by Payment Delays
Wednesday, 14th March 2012
UAE-based Dana Gas is struggling to cope with the payment delays owed from Egypt and Kurdistan. The company's outstanding debt of $1billion Sukuk (Islamic bonds) has significantly strained the company's ability to progress its expansion plans in Egypt.