Long-term gas sales agreements signed with cement producers in Bazian and steel producer in Erbil, marking major milestone Gas deliveries from Chemchemal Field to commence in second half of 2027 Pearl Petroleum is advancing appraisal and development of the Chemchemal field by drilling three wells and installing an extended well test facility. Dana Gas PJSC, [...]
AI and data centres set to drive global electricity demand above 1,000 terawatt-hours by 2030, placing unprecedented pressure on existing energy systems in major economies “With farsighted leadership, agile policymaking, and capital and energy availability, the UAE is already playing a leading role in global energy resilience,” Crescent Petroleum CEO and Board Managing Director of [...]
The regional natural gas sector requires US$200 billion of investment in the next four years to increase production by 30% to meet rapidly growing demand for power, industry executives attending the Middle East Gas Conference in Dubai said on Wednesday.
Crescent Petroleum CEO Majid Jafar said the giant Emirati energy firm has achieved a major milestone with the launch of the Khor Mor 250 (KM250) project, boosting natural gas production capacity in the Kurdistan Region by 50 percent - more than 700 million cubic feet per day.
Artificial intelligence has been called the engine of the new global economy. Yet while AIfeels virtual, its foundations are intensely physical. Every algorithm, every chatbot, everydigital assistant depends on a vast ecosystem of chips, data centres and power grids. Andas the world races to deploy more AI, these physical foundations are fast becoming thenew frontiers [...]
Drilling, construction and commissioning completed eight months ahead of schedule Project adds 250 MMscf/d of new gas processing capacity, raising Khor Mor’s total capacity to 750 MMscf/d Total project investment of US$1.1bn Expansion expected to significantly enhance revenue and support electricity generation across Iraq Over 6,000 tonnes of steel and 6.2 million man-hours delivered, marking [...]
Crescent Petroleum, the Middle East's oldest and largest private oil and gas company, is pleased to announce its membership of the International Energy Forum (IEF)'s Industry Advisory Council (IAC), under the leadership of its Chief Executive Officer Majid Jafar. With over 30 years of experience in oil and gas Jafar will bring real world, industry [...]
A massive $4.3 trillion in global investment will be required by 2030 to meet surging demand for natural gas and support a balanced energy transition, according to Crescent Petroleum CEO Majid Jafar.
Emerging markets will have an outsize role in global energy markets in coming decades. MDBs and other financial institutions must enable them to develop their gas resources to grow economies and cut global carbon emissions, writes Majid Jafar*
Majid Jafar, CEO of Crescent Petroleum, talks to The Energy Year about the growing share of natural gas within the company’s energy portfolio and investing towards important expansion projects in Iraq and Egypt. Crescent Petroleum is an independent upstream oil and gas company headquartered in the UAE and with operations in various countries in the [...]
