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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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TAQA
August 21st, 2019 - 07:08 GMT

Taqa Exceeds Monthly Production Target of 1 Million Barrels of Oil in Kurdistan Region of Iraq

The government remained fully committed to the IPO
August 20th, 2019 - 07:30 GMT

Aramco Requests Major Banks to Pitch for Roles in IPO

During the event
August 20th, 2019 - 06:57 GMT

CMS Supports Petrogas on Renewal of EPSA for Omani Block 5 License

With oil prices recently exceeding $70 per barrel, the outlook for public sector finances has improved significantly
August 19th, 2019 - 12:00 GMT

Increasing Oil Prices Are Strengthening Construction Outlook Across Mena

World oil demand in 2020 is forecast to grow by 1.14 mb/d y-o-y, in line with the current year estimates
August 19th, 2019 - 08:00 GMT

OPEC: Global Oil Demand Growth Forecast for 2019 Remains at 1.14 Million Bpd

Prices of Iranian oil was $60.88 per barrel in June
August 18th, 2019 - 08:30 GMT

Iranian Oil Prices Rise in July As the Output of OPEC Drops

The demand for OPEC crude will average 29.41 million bpd next year.
August 18th, 2019 - 05:29 GMT

OPEC Delivers a Downbeat Oil Outlook for the Rest of 2019

Tanks, with the total capacity of 20 million barrels are to be established in Jask region to back oil exports from Jask oil terminal
August 15th, 2019 - 11:00 GMT

Iran to Export first oil freight via Strait of Hormuz on March 2021

Operation and Maintenance (O&M) represented 60 per cent of the total contracts in Q2 2019
August 14th, 2019 - 08:51 GMT

Global Oil and Gas Industry’s Contract Hit $42 Billion in Q2 2019

The petroleum sector aims at encouraging global companies to pump new investments in the fields of research and exploration
August 14th, 2019 - 08:30 GMT

Egypt Targets Increasing the Daily Production of Crude Oil

British Royal Marines seized the oil tanker on July 4 off the coast of the British Mediterranean territory of Gibraltar
August 14th, 2019 - 07:54 GMT

Britain Might Free Iranian-Operated Oil Tanker Grace 1 Soon

Global oil market performance indicators are still almost stable
August 14th, 2019 - 06:30 GMT

Kuwait to Cut Oil Production in Order to Support Crude Prices

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