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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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Offshore Jackup Drilling Rig in the Gulf Of Suez.
August 28th, 2019 - 07:06 GMT

Egypt Expands Oil, Gas Drilling in Gulf of Suez

Netanyahu is fighting for reelection in a potentially tough general election on 17 September with critics from his right-wing power base calling for tougher action against the Islamist Hamas.
August 27th, 2019 - 09:46 GMT

Netanyahu Slashes Gaza Oil Imports by Half

Since 2000, the electric transmission network in the Kingdom has witnessed significant growth reaching a length of about 84,000 kilometers.
August 26th, 2019 - 10:18 GMT

Saudi Arabia Aims to Become Regional Electricity Hub Between Asia, Africa

Over the week, WTI lost 1.3%, while Brent rose 1.2%.
August 26th, 2019 - 08:36 GMT

Oil Prices Plummet After China Unveils Retaliatory Tariffs Against US

South Sudanese soldiers guard an oil refining facility.
August 25th, 2019 - 10:56 GMT

South Sudan Urges Egypt to Optimize Country's Oilfields

On the back of increased gas production, Oman’s total LNG exports also recorded a massive jump of about 19 per cent to 10.2mn metric tonnes during 2018 compared to 8.6mn metric tonnes in the previous year.
August 25th, 2019 - 10:51 GMT

Natural Gas: A Significant Contributor to Oman’s Economy

During the event
August 25th, 2019 - 09:00 GMT

DP World, UAE Region and JAFZA Unlocking Potential in New Markets for Indian Exports

ADNOC Distribution recently reported strong first half results, including a 4.3% year-on-year increase in net profit and a 21% year-on-year increase in free cash flow (EBITDA minus capital expenditures).
August 25th, 2019 - 05:42 GMT

ADNOC Distribution Shares Certified as Shari’a Compliant

Mohammed Mohammed Saleh
August 22nd, 2019 - 11:55 GMT

Federal Electricity and Water Authority Launches Phase 2 of ‘Your Home Our Care’ Project

Zohr’s discovery piqued investor interest in Egypt’s gas market and renewed the country’s hopes of becoming a regional energy hub.
August 22nd, 2019 - 05:55 GMT

Egypt Speeds Up Efforts to Turn Into a Regional Energy Hub

Ahmad Bin Shafar, CEO of Empower
August 21st, 2019 - 11:53 GMT

Empower: 16% Rise in Transactions Through E-Services

Oman Oil Marketing Company - Khareef Salalah Promotions
August 21st, 2019 - 08:45 GMT

Oman Oil Marketing Company Energizes Customers’ Journey During Khareef

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