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Oil and Renewables

Oil and Renewables latest

Blackout in Cuba
August 3rd, 2026 - 08:48 GMT
P. Choiaqo

P. Choiaqo

Millions in the dark as Cuba power grid fails

ALBAWABA - Total power grid failure in Cuba leaves millions of citizens without electricity, compounding fuel shortage issues, obsolete infrastructure, and U.S. embargos and sanctions. The nationwide blackout is not a rare occurrence in the struggling country as rolling power cuts are becoming more and more common amid aging infrastructure and state fuel shortages as 24 hours earlier the entire western part of the country went dark. State media said ...
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Saudi Aramco’s crucial bond issue, set to close on Wednesday, has already attracted higher-than-expected interest from international investor. (Shutterstock)
April 9th, 2019 - 06:16 GMT

Saudi Aramco's International Bond Issue Attracts $30 Billion

During the event
April 8th, 2019 - 10:57 GMT

‘OOMCO’ Launches Operations in Saudi Arabia With Official Opening of ‘Lamaa’ Service Station in Dammam

According to spokesman for the Atomic Energy Organization of Iran (AEOI), Behrouz Kamalvandi, the achievements would cover various fields, including exploration, extraction, fuel cycle, power plants, science and technology as well as laser. (Shutterstock)
April 8th, 2019 - 03:34 GMT

Iran Already Hit 114 Nuclear Achievements and Will Reveal Them on Tuesday

Egypt has recently launched an international tender for new explorations in 10 areas in the Red Sea, added the statement. (Shutterstock)
April 8th, 2019 - 03:18 GMT

Egypt, Saudi Boost Relations in Oil, Gas and Minerals Sectors

Lebanon Announces New Blocks for Oil, Gas Exploration. (Shutterstock)
April 7th, 2019 - 05:19 GMT

Lebanon Announces New Blocks for Oil, Gas Exploration

Bahrain recently announced a new tight oil discovery off its coast estimated to be its biggest ever find. (Shutterstock)
April 7th, 2019 - 03:36 GMT

Bahrain Wants US Oil and Gas Giants to Invest in Its Energy Sector

Experts continue to believe that the oil market will likely remain tight, however, the cancellation of all waivers remains unlikely keeping in view the probable consequences to both the oil market and US bilateral relationships. (Shutterstock)
April 4th, 2019 - 10:59 GMT

US Mulls Renewing Waivers to Countries Importing Iranian Oil

Lebanon is hoping to begin its first exploratory drilling later this year in one of two maritime areas, one of which lies partially in the disputed territory. (Shutterstock)
April 4th, 2019 - 09:21 GMT

Lebanon Wants to Restore Iraq Oil Pipeline

Lebanon will start drilling for gas in maritime Block 4 before the end of the year and intends to launch a second licensing round in January 2020. (Shutterstock)
April 3rd, 2019 - 09:18 GMT

Lebanon to Start Gas Drilling Before End of Year

Mr. Hesham Farid, Managing Director of Treasury & Capital Markets, APICORP
April 3rd, 2019 - 08:25 GMT

The Arab Petroleum Investments Corporation (APICORP) Issues USD 300 Million 5-Year Dual Listed Floating Rate Formosa

his accounts for 25.5 percent of Japan's total crude imports. (Shutterstock)
April 3rd, 2019 - 07:25 GMT

UAE Exports 22 Million Crude Oil Barrels to Japan in February

A Saudi developer’s plan to harness the sun 24/7 is sparking a renewable energy revolution in the region. (Shutterstock)
April 3rd, 2019 - 06:31 GMT

Saudi Arabia Adopts New Technologies for Harnessing Solar Power

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