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.
When world leaders gather for the COP26 climate summit in Glasgow next month, expectations will be high for a definitive roadmap to reduce global carbon emissions...
Crescent Petroleum, the oldest private oil and gas company in the Middle East, has become one of the first companies in the industry to achieve carbon neutrality across its operations after completing a series of projects to reduce carbon intensity and offset remaining emissions...
As the world looks to achieve Paris Agreement goals to reach net-zero emissions by mid-century, while meeting rising oil and gas demand, dialogue needs to be more “inclusive and broader”, Opec Secretary General Mohammad Barkindo told an online panel.
The $250 million financing agreement will support the Khor Mor expansion project. Total project cost of $630 million to increase production capacity by 50% to 690 million scf/day from April 2023 Sharjah, UAE -- Pearl Petroleum Company Limited (“Pearl Petroleum”), the consortium led by Dana Gas and Crescent Petroleum of the UAE, has signed a [...]
