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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 [...]

The Kurdistan Region could be a “major gas hub,” the CEO of Crescent Petroleum told Rudaw in a recent interview. His company has invested billions of dollars into the gas sector, which he believes will end electricity shortages and lessen the environmental impact from diesel-burning power generation stations...

Nearly 18 months since COVID-19 overturned the global economy, countries are gradually progressing towards recovery as mass vaccinations continue and companies begin planning a return to offices. The renewed optimism, however, is leaving out a whole generation of young people who find themselves unprepared for the new order and the changing economy that awaits them.

US$600m investment to increase production 57% within 2 years Production to grow from 440MMSCFD to 690MMSCFD by April 2023 Force Majeure lifted with KRG and US Contractor Exterran after COVID Delay Dana Gas, the Middle East’s leading publicly listed regional natural gas company, and its partner Crescent Petroleum, the oldest private oil & gas company [...]

The last year has seen an unprecedented fall in global oil demand and investment following the COVID-19 pandemic and resulting movement restrictions worldwide, leading some to forecast an end to oil demand growth and an acceleration of a transition away from oil & gas, says Majid Jafar, CEO of Crescent Petroleum and Board Managing Director [...]