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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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Elsalamawy said that he was unable to confirm the figures but stated that “Solar energy does not constitute a significant portion of the energy in Egypt”.
November 18th, 2014 - 06:47 GMT

Not so bright: Egypt's solar energy production falls 48%

China will double its investment in Iran's energy projects, an Iranian official said Sunday.
November 18th, 2014 - 05:58 GMT

The tide is shifting: China to double its energy investments in Iran

The 12-nation OPEC group, including the world's biggest crude producer Saudi Arabia, will meet on November 27 in Vienna
November 17th, 2014 - 10:32 GMT

Output likely to remain constant: OPEC braces itself for 'toughest meeting ever'

Al Bawaba
November 17th, 2014 - 04:55 GMT

More than disgruntled: Iran slams oil producers for not cutting output

Al Bawaba
November 16th, 2014 - 11:12 GMT

ENOC Retail’s ZOOM wins ‘Most Admired Retailer of the Year – Food & Grocery’ at Retail ME Awards

Al Bawaba
November 16th, 2014 - 08:17 GMT

Jordan Mines Co profits rise to $32.5 million in 2014

Al Bawaba
November 16th, 2014 - 07:33 GMT

Remarkable participation by Emarat at ADIPEC 2014

Kuwait plans more than $40 billion of investment to significantly increase its capacity to produce oil and gas
November 14th, 2014 - 12:39 GMT

Counting on fading demand? Kuwait to invest $40 billion in oil and gas projects

Iran has said the steep fall in oil prices this year is the result of deliberate moves by some exporters who have kept production high to undermine Tehran’s sanctions-hit economy.
November 13th, 2014 - 06:55 GMT

Saudi, be wary: Iran, Kuwait meet over declining oil prices

Oil in October fell below $83 a barrel and on Tuesday reached $80.46, its lowest since 2010.
November 13th, 2014 - 04:55 GMT

Giving in? OPEC finally admits reduced oil demand in 2015

Al Bawaba
November 12th, 2014 - 10:00 GMT

EQUATE receives regional sustainability award

Al Bawaba
November 12th, 2014 - 09:39 GMT

How jobs and skills will solve the GCC oil dependency issue

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