DIRS.INFO The most relevant business & tech news

☆ Lessons from COP: Charting a path for climate action
▼ + stars: | 2024-01-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLessons from COP: Charting a path for climate actionCNBC's Dan Murphy speaks to Badr Jafar, the CEO of Crescent Petroleum, Daniel F. Feldman, partner at Covington, and Rachel Kyte, founding co-chair at The Voluntary Carbon Markets Integrity Initiative.

Persons: Dan Murphy, Badr Jafar, Daniel F, Feldman, Rachel Kyte Organizations: Crescent Petroleum, Covington, Initiative

☆ Explosive Drone Strikes Iraq's Khor Mor Gas Field -Sources
▼ + stars: | 2024-01-25 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

BAGHDAD (Reuters) - An explosive drone struck Khor Mor gas field in the Sulaimaniya region of northern Iraq on Thursday, two sources told Reuters, adding the explosion had caused limited damage but no one had been injured. Pearl Petroleum, a consortium of United Arab Emirates-based energy firm Dana Gas and its affiliate Crescent Petroleum, have the rights to exploit the Khor Mor and Chemchemal fields, two of the biggest gas fields in Iraq. In a separate incident earlier in the day, an explosive-laden drone targeting U.S. forces at a base near Erbil airport in Iraq's northern Kurdistan region was shot down by air defences, the region's counter-terrorism service said. Iraq has witnessed near-daily drone and rocket attacks by hardline militias since Israel's war in Gaza began in October, mostly on bases housing troops belonging to a U.S-led military coalition. (Reporting by Timour Azhari; Writing by Enas Alashray and Timour Azhari; Editing by Rosalba O'Brien)

Persons: Dana, Timour Azhari, Enas Alashray, Rosalba O'Brien Organizations: Pearl Petroleum, United, Dana Gas, Crescent Petroleum Locations: BAGHDAD, Sulaimaniya, Iraq, United Arab Emirates, Erbil, Iraq's, Kurdistan, Gaza, U.S

☆ Will leaders stay focused on the green agenda? Watch CNBC’s Sustainable Future Forum from Davos 2024
▼ + stars: | 2024-01-25 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

CNBC's "Sustainable Future Forum" returned as a special event live from the 54th Annual Meeting of the World Economic Forum in Davos, Switzerland. CNBC convened top policymakers and business leaders to evaluate the outcomes of COP28 and examine what needs to happen in 2024 to ensure pledges are upheld, and progress is made. This panel examines what needs to happen to stay on course. watch nowNavigating the Energy TransitionCOP28 climate summit reached a historic deal to transition away from fossil fuels but did the agreement go far enough? Guests on the panel included: Marco Alvera, CEO, TES Vaishali Sinha, co-founder, ReNew Alfred Stern, CEO, OMV Bold Baatar, CEO, Rio Tinto Copper Henrik Andersen, CEO, Vestas

Persons: Badr Jafar, Daniel F, Feldman, John Kerry, Biden Rachel Kyte, Sanda Ojiambo, Tania Bryer, Kofi Annan, Marco Alvera, TES Vaishali Sinha, Alfred Stern, OMV, Rio Tinto Copper Henrik Andersen, Vestas Organizations: Economic, CNBC, Crescent Petroleum, Business, Philanthropy, Conference of, UN, Partner, Staff, Initiative, Energy, TES Vaishali, Rio Tinto Copper Locations: Davos, Switzerland, Dubai, Covington, Rio

☆ Oil CEO says blaming the energy industry for the climate crisis ‘like blaming farmers for obesity’
▼ + stars: | 2023-12-05 | by ( Sam Meredith | ) www.cnbc.com time to read: +3 min

watch nowDUBAI, United Arab Emirates —The chief executive of UAE-based energy firm Crescent Petroleum on Tuesday claimed that blaming the oil and gas industry for the climate crisis "is like blaming farmers for obesity." The burning of coal, oil and gas is by far the largest contributor to climate change, accounting for more than three-quarters of global greenhouse gas emissions. "Blaming the producers of oil and gas for climate change is like blaming farmers for obesity. U.N. Secretary-General António Guterres said that the announcement was "a step in the right direction" for Big Oil and showed that the fossil fuel industry was "finally starting to wake up." Others, including former U.S. Energy Secretary Ernest Moniz, believe that the participation of energy giants should be welcomed at events such as COP28.

Persons: Majid Jafar, CNBC's Dan Murphy, Sultan Ahmed Al Jaber, Abu, COP28, António Guterres, Jafar, We're, Ernest Moniz Organizations: United Arab Emirates —, UAE, Petroleum, Crescent Petroleum, Crescent Petroleum Co, Abu Dhabi National Oil Co, United Arab Emirates national, Expo, Bloomberg, Getty, Big Oil, U.S . Energy Locations: DUBAI, United Arab, Dubai, Abu Dhabi, United Arab Emirates, U.N, New York

☆ Blaming oil and gas producers for climate change is like blaming farmers for obesity: CEO
▼ + stars: | 2023-12-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlaming oil and gas producers for climate change is like blaming farmers for obesity: CEOMajid Jafar, Crescent Petroleum CEO, says "it's our societal consumption that is the issue."

Persons: Majid Jafar Organizations: Crescent Petroleum

☆ Iraq, UAE's Crescent launch deals to develop three oil and gas fields
▼ + stars: | 2023-10-15 | by ( Ahmed Rasheed | ) www.reuters.com time to read: +1 min

BAGHDAD, Oct 15 (Reuters) - Iraq has launched three energy contracts with UAE-based Crescent Petroleum to develop three oil and gas fields in Iraq, the oil ministry said on Sunday. United Arab Emirates-based Crescent Petroleum signed in February three 20-year contracts to develop oil and natural gas fields in Iraq's Basra and Diyala provinces in northeastern Baghdad. The Crescent Petroleum contracts are expected to begin producing 400 million standard cubic feet per day of natural gas within 18 months, the oil ministry statement quoted Iraq's oil minister Hayan Abdel-Ghani as saying. Abdel-Ghani, who attended the launch at the oil ministry headquarters in Baghdad, said starting operations by Crescent Petroleum will help Iraq to stop gas flaring and use the processed gas to generate electricity. The OPEC producer relies heavily on Iranian gas imports to feed its power grid.

Persons: Hayan Abdel, Ghani, Abdel, Ahmed Rasheed, Louise Heavens Organizations: UAE, Crescent Petroleum, Sunday, United, Thomson Locations: BAGHDAD, Iraq, United Arab Emirates, Basra, Diyala, Baghdad, OPEC, United States

Iraq's Oil Minister Hayan Abdel-Ghani, who took office in October, plans to update Iraq's oil production strategies to meet local needs while complying with the OPEC+ agreement, oil ministry spokesman Asim Jihad told Reuters. It is too early for the new government to talk about any significant increases in Iraq's oil production outside the OPEC+ agreement, Jihad said. 'HARD, IF NOT IMPOSSIBLE'For the oil sector, the country has repeatedly delayed a target to reach 7-8 million bpd capacity, from the current 5 million bpd. The beneficiaries were not the international oil companies, but UAE firm Crescent Petroleum and two Chinese companies. Iraq's oil minister this month revived seven investment opportunities in Iraq's refining sector.

☆ Crescent Petroleum CEO claims gas is likely to play a key role in backing up shift to renewables
▼ + stars: | 2022-09-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrescent Petroleum CEO claims gas is likely to play a key role in backing up shift to renewablesMajid Jafar, CEO of Crescent Petroleum, discusses the role natural gas, a fossil fuel, is likely to play in the transition to renewable energy sources.

Search resuls for: "Crescent Petroleum"

8 mentions found