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Shell company building

July 30th, 2026 - 09:20 GMT

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 ...

Al Bawaba

October 8th, 2014 - 12:59 GMT

The 'remarkable' trend continues: Oil demand drops on signs of weak demand, 'tremendous surge in US oil production'

After the deal closes in November, Chevron Canada will remain the operator and will hold a 70 per cent interest in the project.

October 8th, 2014 - 04:55 GMT

Multiple personalities? Kuwait buys Chevron's stake in Canadian Shale oil despite no expertise in the field

Arab economists, media and public intellectuals must highlight the role of fossil fuel subsidies as an inhibitor, not facilitator, of economic development in the Middle East.

October 7th, 2014 - 11:18 GMT

Theory vs. the Egyptian and Yemeni reality: is reforming fuel subsidies a legitimate tool for growth or an IMF farce?

Service contracts stay within the limits of Kuwait’s constitution, which ban foreign firms from oil production in the Gulf OPEC crude exporter.

October 7th, 2014 - 04:55 GMT

Coming back for a comeback: Kuwait invites major oil companies back

The initial results for the 3-D survey were very encouraging, according to the British-based company Spectrum, which conducted the operation over 3,000 square meters off the southern Lebanese coast.

October 6th, 2014 - 09:43 GMT

A bird's view: airborne oil and gas surveillance commences in Lebanon

Next month’s Opec meeting will take place against a background of dissension between two power blocs in an organisation that controls the lifeblood of the global economy.

October 6th, 2014 - 02:17 GMT

A dangerous possibility: why the world might be on the brink of an oil price war

Egypt's debts to foreign energy firms operating in the country increased after the political turmoil which followed the 2011 revolution.

October 6th, 2014 - 01:50 GMT

Happy Eid to Egypt: Egypt repays $350 million in debt to British gas

Al Bawaba

October 5th, 2014 - 07:38 GMT

Iraq strife could trigger higher oil prices - IMF’s Lagarde

With oil prices continuing to slide, the pressure is building on the Organization of the Petroleum Exporting Countries (Opec) to reduce output at its meeting next month.

October 2nd, 2014 - 01:43 GMT

Saudi Arabia fights for market share: oil prices hit new 27-month low

Al Bawaba

October 2nd, 2014 - 08:15 GMT

EQUATE inaugurates world’s 1st petrochemical plant at KidZania 1st petrochemical company at KidZania Kuwait & globally

Al Bawaba

October 2nd, 2014 - 07:25 GMT

Emarat launches a new promotional campaign on Vehicle Steam Wash

Storing gas also gets momentum when other factors come to the fore: Economic support, safe margins in meeting country’s domestic gas needs, the half-depletion of oil reserves, etc.

October 2nd, 2014 - 03:55 GMT

Iran boasts the Middle East's top gas storage facility