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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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Tehran denies news of Iranian oil on Chinese tankers collided near Singapore
July 20th, 2024 - 12:34 GMT
Reema Tuqan

Tehran denies news of Iranian oil on Chinese tankers collided near Singapore

UAE government announces establishing a second nuclear power plant
July 18th, 2024 - 08:09 GMT
Reema Tuqan

UAE announces establishing a second nuclear power plant

Egypt
July 17th, 2024 - 10:12 GMT

Egypt to invest $1.2bn in drilling 110 exploratory wells

China
July 16th, 2024 - 07:50 GMT

Oil prices tumble as demand worries in China

Egypt plans to drill 586 wells to explore oil and gas
July 15th, 2024 - 08:19 GMT
Reema Tuqan

Egypt plans to drill 586 wells to explore oil and gas

Kuwait reveals massive Oil and Gas discovery on Failaka Island
July 14th, 2024 - 08:45 GMT

Kuwait reveals massive Oil and Gas discovery on Failaka Island

Iraq confirms full commitment to oil production agreement
July 14th, 2024 - 07:06 GMT
Reema Tuqan

Iraq confirms commitment to OPEC+ oil production agreement

Kiev hits Russian gunpowder factory, intensifying airstrikes
July 4th, 2024 - 10:22 GMT

Kiev hits Russian gunpowder factory, intensifying airstrikes

AI raises Google's carbon emissions 50%, stalling 2030 green plan
July 3rd, 2024 - 06:15 GMT

AI raises Google's carbon emissions 50%, stalling 2030 green plan

carbon
July 3rd, 2024 - 02:12 GMT

Global carbon's credit market to reach $100bn by 2035

Saudi Arabia to transform 3M tonnes of waste into fuel annually under new agreement
July 3rd, 2024 - 09:36 GMT

Saudi Arabia to transform 3M tonnes of waste into fuel

Saudi Aramco discovers 7 new oil and gas deposits
July 1st, 2024 - 08:05 GMT

Saudi Aramco discovers 7 new oil and gas deposits

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