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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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Egypt has signed oil and gas exploration deals worth $187 million with several Western companies and a Tunisian firm to cover seven exploration areas.
September 21st, 2014 - 03:55 GMT

Exploring new possibilies: Western firms win key Egyptian oil, gas exploration deals

Qatar Petroleum (QP) and Qatar Petrochemical Company (QAPCO) signed an agreement in February 2012 to jointly develop the Al Sajeel mega-petrochemical complex in Ras Laffan
September 21st, 2014 - 03:55 GMT

Cold feet: Qatar puts multi-billion petrochemical project 'on hold'


Brent November crude slipped 8 cents to settle at $98.97 a barrel, recovering from an intraday low of $98.51 on Wednesday in London.Brent November crude slipped 8 cents to settle at $98.97 a barrel, recovering from an intraday low of $98.51 on Wednesday in London.
September 19th, 2014 - 02:06 GMT

Short-term bliss? GCC economies 'resilient' despite dip in oil prices

Al Bawaba
September 18th, 2014 - 10:28 GMT

DEWA organises Sports Day

Al Bawaba
September 18th, 2014 - 05:08 GMT

DEWA holds Hassyan Clean Coal Power conference for phase I bidders

Al Bawaba
September 18th, 2014 - 04:26 GMT

Oman Oil Company honours graduates of Sultan Qaboos University’s ‘Basees’ programme

Meanwhile Qatar’s emir also asserted that his country does not finance any terrorist organisations in Syria or Iraq and has never done so
September 17th, 2014 - 04:02 GMT

Angela Merkel wants her country to cooperate with Qatar over energy

Al Bawaba
September 17th, 2014 - 09:35 GMT

Fire Department & EQUATE launch Safe Campaign

The granting of the Unit Three and Four construction licence followed an intensive 18-month review by about 200 FANR and other technical experts.
September 17th, 2014 - 03:55 GMT

Can't get enough? The UAE decides on two more nuclear reactors

Al Bawaba
September 15th, 2014 - 11:43 GMT

OCTAL honors staff dedication and community spirit at Employee Recognition Awards ceremony

For now, however, the US-led surge in supply and weak demand have seen traders start to store additional barrels as they wait for prices to recover.
September 14th, 2014 - 03:55 GMT

The pendulum is swinging? Falling oil prices shifts energy balance in favor of the West

The extra refined products from Yanbu may have two undesirable impacts, from a Saudi perspective.
September 11th, 2014 - 08:36 GMT

Saudi Arabia has picked the worst time possible to be building massive oil refineries

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