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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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More than 200 trucks, 100 from each country, including individually  and corporately-owned trucks, are participating in the transport process, the Energy Ministry said in a statement.
September 5th, 2019 - 09:34 GMT

Jordan Receives the First of Daily Iraqi Oil Shipments

Aramco plans to tell banks later this week or early next week whether they got a role on the offering, the people said.
September 4th, 2019 - 08:00 GMT

Saudi Aramco to Select Underwriters for Its IPO This Week

The move comes as the government prepares for an IPO of the state-owned oil company.
September 3rd, 2019 - 09:00 GMT

Saudi Arabia Assigns New Chairman for Aramco

The average sale price in August was $56.77 a barrel, generating about $6.341 billion in revenue
September 3rd, 2019 - 06:35 GMT

Iraq's Oil Exports Soar to 3.6 Million bpd in August

Saif Humaid Al Falasi, Group Chief Executive Officer of ENOC
September 2nd, 2019 - 09:15 GMT

ENOC Group Unveils ENOC Link and Beema, Its First Accelerator-Related Digital Ventures

39.6 million barrels auctioned with $17.3 million of premiums generated
September 1st, 2019 - 10:34 GMT

DME Auctions: November Oman Cargo Sold at Osp +$0.18

Aramco began life in the 1930s as a US-Saudi venture.
September 1st, 2019 - 10:14 GMT

Saudi Aramco Board Raises Concerns Over New York Share Sale

Trump pulled his country out of JCPOA in May last year and launched the “maximum pressure” against the Islamic Republic, re-imposing the sanctions lifted under the agreement.
September 1st, 2019 - 09:02 GMT

Iran: US Showing 'Some Flexibility' on Iranian Oil Sales

Asia Pacific solar energy storage market is anticipated to exceed 40 per cent by 2025.
August 29th, 2019 - 06:42 GMT

Solar Energy Storage Market to Grow Over 35 Percent by 2025

A first exploration well is scheduled to be drilled in the first half of next year.
August 28th, 2019 - 11:45 GMT

Qatar to Enter Exploration Blocks in Namibia

Saif Humaid Al Falasi, Group Chief Executive Officer of ENOC
August 28th, 2019 - 10:33 GMT

ENOC Group Signs Agreement with IMS Oil Trading LTD. for the Supply of Marine Lubricants and Tankers

During the event
August 28th, 2019 - 08:32 GMT

Oman Oil Marketing Company Raises Road Safety Awareness in Buraimi

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