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Oil and Renewables

Oil and Renewables latest

Shell company building
July 30th, 2026 - 09:20 GMT
P. Choiaqo

P. Choiaqo

Shell records more than double profits as war rages in the Middle East

ALBAWABA - British oil and gas company Shell has seen its profits more than double compared to the same period last year as oil prices surge amid Strait of Hormuz conflict between the U.S. and Iran. The company’s net profit hit $9.84 billion dollars in the second quarter of the year after Brent oil prices jumped from $60 a barrel in January to $114 in early May at the peak ...
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In addition Iran wants investment in its oil sector, to the tune of hundreds of billions.
September 15th, 2019 - 11:00 GMT

Iran Demands for Waivers to Export Oil After Attacks on Saudi Arabia

Aramco’s industrial security teams have controlled the blazes and their spread in Aramco’s two facilities were limited
September 15th, 2019 - 10:00 GMT

Aramco Cuts Output by 5.7 Million bpd Due to Attack

The package is meant as an incentive to keep Iran in the nuclear agreement in the face of US’ efforts to drive the country’s oil exports to zero.
September 15th, 2019 - 09:00 GMT

Iran: EU’s $15 Billion Credit Line Has Nothing to Do With Sanctions Relief

As of year-end 2018, the company had proven (1P) reserves of approximately 667 million barrels (mmbbl) of oil
September 15th, 2019 - 08:00 GMT

Upstream Oil and Gas M&A Volume Soars to $130.5 Billion in Q2

During the event
September 15th, 2019 - 06:29 GMT

Oman Oil Marketing Company Launches New Portable Container Fuel Station

Saudi Arabia and Russia called on all producers to comply with oil output cuts under an OPEC-led supply deal.
September 14th, 2019 - 01:00 GMT

Saudi Arabia Continues Its Commitment to OPEC+ Oil Cuts

Gas will increasingly complement variable renewables, meeting demand in peak periods such as winter in colder climates.
September 12th, 2019 - 12:30 GMT

Global Upstream Gas Capital Expenditure to Reach $737 Billion in 2025

During the event
September 12th, 2019 - 10:38 GMT

DP World, UAE Region's Summer Programme Experiences a 50% Increase in the Number of Participants

Despite the OPEC-led cut, oil has tumbled from April’s 2019 peak above $75
September 12th, 2019 - 09:30 GMT

OPEC Cuts 2020 Oil Demand Forecast Due to Economic Slowdown

North America remains the largest market for O&G PPE and generated $1,831 million in revenues.
September 11th, 2019 - 11:23 GMT

Oil & Gas PPE Market to Reach $7.5 Billion by 2023

During the agreement
September 11th, 2019 - 06:46 GMT

Oman Oil Marketing Company Signs Agreement With Marafi to Supply Bunker Services at Port Sultan Qaboos

Oman Shell - New Country Chairman - Walid Hadi
September 10th, 2019 - 10:48 GMT

Oman Shell Welcomes New Country Chairman, Walid Hadi

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