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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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Al Bawaba
December 24th, 2014 - 11:20 GMT

Evaporating hopes: US-Israeli gas deal a step closer to being scrapped

Al Bawaba
December 24th, 2014 - 10:38 GMT

Does this spell the end for the tax haven dream? Crisis looms for the GCC as the rich Gulf could be in financial jeopardy

Authority will soon replace power meters in all residential, commercial and industrial buildings in Sharjah
December 24th, 2014 - 05:14 GMT

Sharjah on a power high! Smartens up its act with 'smart meters' to read electricity and water consumption

Al Bawaba
December 23rd, 2014 - 12:57 GMT

Forget fossil fuels, it is high time that Arab countries looked to nuclear power, suggests AAE chief

30 billion EGP in savings
December 23rd, 2014 - 11:16 GMT

Oil price plummet plays into Egypt's interest: Spares Budget 30 billion EGP in energry subsidies

During the event
December 23rd, 2014 - 10:32 GMT

Oman Oil Company and OPALs ‘my job, my oath’ programme reaches more than 1,200 participants by end of year

Al Bawaba
December 23rd, 2014 - 10:24 GMT

DEWA launches public brainstorming campaign on social media

Saudi Arabia is the only GCC state to allow private investment in the petrochemical sector (File Archive/ AFP).
December 22nd, 2014 - 08:00 GMT

Slow going: KSA to spend $91bn to grow petchem sector

Al Bawaba
December 22nd, 2014 - 03:34 GMT

Saudi Oil Chief spills! Shoots down conspiracy theories on oil prices

Al Bawaba
December 22nd, 2014 - 02:00 GMT

Is a recession on the new year horizon for oil-concerned UAE?

Group photo of EQUATE and KFAS officials
December 21st, 2014 - 09:24 GMT

EQUATE strengthens its partnership with KFAS

Al Bawaba
December 21st, 2014 - 04:55 GMT

Gulf states brace themselves for $350 billion historic loss as oil plunge remains unabated

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