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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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The wind farm will be located 560 miles (896km) north of Riyadh, in the al-Jouf region.
July 24th, 2019 - 07:00 GMT

Financing Completed for Wind Power Plant Project in Saudi Arabia

Annual growth remains restrained at 3.2% compared to 5.8% in June 2018.
July 23rd, 2019 - 11:30 GMT

IATA: Jet Fuel Price Climbs $80 per Barrel, 8% Higher

Central Bank of Iran will carry out its duties and responsibilities
July 22nd, 2019 - 07:30 GMT

Central Bank of Iran Put the Trade Surplus at $12 Billion

Global demand growth of 0.93 million barrels a day year-on-year in 2019 and 1 million barrels a day during 2020
July 22nd, 2019 - 05:12 GMT

Oil Demand to Remain Subdued Due to Trade War Concerns

Jonas Lindvall, CEO and Managing Director of Maha Energy.
July 21st, 2019 - 11:53 GMT

Oman to Host Key Heavy Oil Experts Addressing Industry Delegates on Latest Technologies and Sustainable Solutions

The Saudi government is tasked to repay the money for keeping the ship without any reasons for about 80 days.
July 21st, 2019 - 08:00 GMT

Saudi Arabia Releases Iranian ‘Happiness’

Iran has seen its crude oil refining capacity increase.
July 21st, 2019 - 07:30 GMT

Iran’s Crude Oil Refining Capacity Grows by 38.8 Percent Since 2017

Libya’s overall oil production before the Sharara outage stood at 1.2-1.3 million bpd
July 21st, 2019 - 04:51 GMT

Libya’s Largest Oilfield Has Been Shut Down Since Friday

Saudi Aramco's stake in the joint venture has been trimmed to 20%, while Jacobs Engineering remains at 40%.
July 18th, 2019 - 07:28 GMT

Saudi PIF Acquires 40 Percent Stake in Aramco-Jacobs Venture

Mubadala Petroleum is the operator of both the Andaman I and adjacent South Andaman PSCs.
July 17th, 2019 - 11:08 GMT

Mubadala Petroleum to Farmout a 20% Participating Interest in Both the Andaman I and South Andaman PSCs in Indonesia

Some of these projects have been relaunched and other projects, mainly technical and engineering projects, will start activity soon
July 17th, 2019 - 10:30 GMT

Iran to Earn $5 Billion in Revenues From Electricity, Gas Exports to Iraq

The sector will aim to implement solar power projects with a focus on building local capabilities in line with the Nama Group’s sustainability strategy.
July 17th, 2019 - 08:00 GMT

Oman Issues RfQs for Two Independent Solar Power Projects

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