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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 [...]

The gathering of CEOs, managing directors and industry leaders was the first physical event for the MENA Energy Innovation Hub, that was recently launched by SRTI Park. Supported by the UAE Ministry of Energy and Infrastructure (MoEI)

Crescent Petroleum, the Middle East’s first and largest privately held oil and gas company, has won the SAP MENA Quality Award for its digital transformation across its operations in the UAE, Iraq, and the United Kingdom. Crescent Petroleum, partnering with SAP Services, has deployed more than 350 apps running on the SAP S/4HANA real-time business [...]