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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 10th, 2014 - 03:53 GMT

In for the long haul? BP to invest $12 billion in solving Egypt's energy crisis

While the six sovereign states in the GCC can withstand the pressure of oil prices averaging around Moody's estimate of $80 to $85 a barrel in 2015.
December 10th, 2014 - 03:38 GMT

Structural weakness or bad luck? Oman, Bahrain will be pinched the hardest by lower oil prices

In addition to the inventory situation, the move in oil prices is related to developments in currency markets.
December 10th, 2014 - 02:16 GMT

Dear oil, now what?

The low price scenario is the least favourable to most of the major oil producers but does not represent a catastrophe for the oil industry.
December 9th, 2014 - 03:34 GMT

How many lost battles will it take? Saudi Arabia leads price war on US shale producers

 
Egypt will be the second – after Kuwait – to sign a nuclear memorandum with Jordan.
December 9th, 2014 - 02:33 GMT

No Israel this time? Jordan, Egypt sign agreement to cooperate on nuclear energy

Al Bawaba
December 9th, 2014 - 09:28 GMT

EQUATE sponsors Kuwait’s 5th annual convention of disabled persons

At a meeting last month, top oil exporter Saudi Arabia resisted calls from poorer members of the Organization of the Petroleum Exporting Countries to reduce production
December 8th, 2014 - 05:27 GMT

Oil prices hit new five year low

Al Bawaba
December 8th, 2014 - 03:51 GMT

How Israel is, allegedly, taking advantage of Lebanon's 'distractions' to steal its gas

The resurgence in US hiring accelerated in November and put 2014 on track to be the healthiest year for job growth since 1999.
December 8th, 2014 - 02:33 GMT

An economic comeback? US experiences highest job prospects since 1999

Soaring energy use and inadequate gas supplies have spurred the UAE to look to nuclear power to diversify its energy sources beyond
December 8th, 2014 - 01:13 GMT

A $20 billion project: UAE first nuclear reactor to come into operation in 2017

Rouhani admitted the budget for the fiscal year starting in March 2015 "would be under pressure" given the big fall in oil prices in recent months
December 8th, 2014 - 12:40 GMT

Denial is unaffordable: Iran unveils revised budget based on lower oil prices

Al Bawaba
December 8th, 2014 - 07:28 GMT

Emarat honors distinguished employees for their dedication

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