Majid Jafar, the vice-chairman of Crescent Group and chief executive of Crescent Petroleum says a crisis is playing out “across the entire world and all forms of energy. And that's never happened before”.
Majid Jafar, CEO of Crescent Petroleum, discusses the role natural gas, a fossil fuel, is likely to play in the transition to renewable energy sources.
Majid Jafar, CEO of Crescent Petroleum, discusses the UAE's plans to ramp up oil production, the company's outlook and the link between elevated oil prices and underinvestment.
As the price of oil continues to fluctuate in the face of global market challenges, policymakers worldwide are taking the brunt of a dual crisis born of energy security and a creeping climate catastrophe.
CNBC’s Hadley Gamble hosts a panel discussion at the 2022 Atlantic Council Global Energy Forum in Dubai with speakers including the U.S. Department of State’s Deputy Assistant Secretary for Energy Transformation, Anna Shpitsberg, Siemens Energy Labor Director and Executive Board member...
Energy security and the green transition must go hand in hand if the world is to address the climate crisis, experts participating in a panel discussion at the World Government Summit in Dubai said on Monday.
Nearly fifteen years since the Kurdistan Regional Government (KRG) passed legislation setting the foundations for an independent oil and gas sector in the region, Iraqi Kurdistan has achieved great strides, producing half a million barrels of oil and half a billion cubic feet of gas daily. However, there is tension with the federal government in Baghdad over constitutional rights and power-sharing. As Erbil and Baghdad work toward a solution, a vibrant energy sector continues to make strides in bringing these significant resources to market, offering powerful lessons for the rest of the country and the wider region. Where does the Kurdistan Region of Iraq’s energy sector go from here?
Energy security has become an overriding concern of 2022. Geopolitics has driven oil prices to 10-year highs and gas prices in Europe to record levels. Major Western economies – which last year focused almost exclusively on the energy transition – are pushing for increased domestic oil and gas production and are turning back to coal. Have energy security concerns derailed climate action? Is it possible to simultaneously focus on meeting short term demand while not losing sight of crucial net-zero goals? Are there solutions that can help solve both challenges?
Dana Gas, the Middle East’s leading publicly listed regional natural gas company, and its partner, Crescent Petroleum, the oldest private oil & gas company in the Middle East, have reported record sales gas production from their operations in the Kurdistan Region of Iraq (KRI), reaching 452 million cubic feet of gas per day (MMscf/d) at the end of 2021.
