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 [...]
Milestone sets stage for appraisal drilling and full-field 3D seismic to prove-up reserves of the massive non-associated gas field Development of the project will create thousands of jobs in Diyala and elsewhere in Iraq, while reinforcing Iraq’s energy independence with a major new source of gas Al-Qadi: “Reaching this milestone in record time underscores the [...]
KM-250 expansion project accelerates for completion and commencement by Q1 2026, to boost capacity over 50%. Partners approve $160 million fast-track appraisal and initial development of Chemchemal field plus pursue additional appraisal program to unlock Khor Mor field further hydrocarbon potential. Pursuing various funding options including fixed-income opportunities which may result in a new senior [...]
Prime Minister Mohammed Shia Al-Sudani chaired a meeting with representatives of Crescent Petroleum, in the presence of the Ministers of Oil and Electricity. During the meeting, the government’s plans to proceed with gas investment in partnership with the private sector were discussed. His Excellency directed the Ministry of Electricity to move forward with contracting Crescent [...]
