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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 oil tanker is not owned or operated by the UAE and has not sent a distress call.
July 17th, 2019 - 07:30 GMT

US Points Finger at Iran for Seizing Oil Tanker in Strait of Hormuz

The situation is set to improve during the second half, which may only constitute a hiatus before a new wave of non-OPEC production to the tune of 2.1 million bpd hits the markets.
July 16th, 2019 - 09:09 GMT

Oil Markets Brace for Non-OPEC Supply Increase

Within the UK, wind power is the largest source of renewable electricity and the second largest source of renewable energy after biomass.
July 15th, 2019 - 11:50 GMT

Saudi Firm to Invest $1.3 Billion in UK Renewable Energy

During the event
July 15th, 2019 - 10:42 GMT

A Charitable Initiative From the ADNOC Sas Al Nakhl School Brings Together Dh86,000 for the UAE Red Crescent

Brent crude’s price jumped to $66.72 and WTI’s to $60.21 per barrel.
July 14th, 2019 - 09:00 GMT

OPEC: Oil Prices Increasing Despite Bearish Outlook

Non-Opec oil supply is forecast to grow by 2.4 mb/d in 2020, higher than in the current year.
July 13th, 2019 - 10:00 GMT

OPEC: Global Oil Demand in 2020 to Grow by 1.14 Million bpd

They have steadily declined since 2014 as Egypt sought to become a regional energy hub.
July 13th, 2019 - 08:28 GMT

Egypt’s Arrears to Foreign Oil Companies Declined to $900 Million at the End of June

It is part of Schneider Electric’s global digital transformation program and the company’s commitment to carbon neutrality by 2030.
July 11th, 2019 - 11:33 GMT

Schneider Electric’s Biggest Engineer-to-Order Factory in Asia Utilizes IIoT Technology and Renewable Energy to Enhance Its Operations

During the event
July 11th, 2019 - 06:22 GMT

Empower Launches “Intelligent Delta- T Analyzer and Detector”

The Turkish-flagged drillship Fatih launched offshore drilling operations this May in an area 75 kilometers (42 nautical miles) off the western coast of the island of Cyprus.
July 10th, 2019 - 09:15 GMT

US Calls on Turkey to Halt Mediterranean Gas Exploration Activities

Of the 34 awarded contracts, around 50 per cent went to high-caliber Saudi firms that have proven their ability to handle complex projects.
July 10th, 2019 - 07:33 GMT

Saudi Aramco Awards $18 Billion Contracts to Boost Production Capacity

The weaker global economic outlook is keeping oil prices under downward pressure
July 9th, 2019 - 01:00 GMT

Oil Prices Plummet Amid Trade Disputes

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