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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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“The market has become more complacent about supply again. But complacency is dangerous. Given the geopolitical tensions, a spike in oil prices cannot and should not be ruled out.”
August 11th, 2014 - 10:35 GMT

Let's wait and see: oil prices 'complacent' with US military strike on Iraq

Al Bawaba
August 11th, 2014 - 07:27 GMT

Emarat celebrates the first year anniversary for the opening of "Freshplus" store Al Twar, Dubai

The contract provides for the UAE to import some 600 million cubic feet per day of Iranian gas, though the actual amount will depend on many factors and may only become clear in coming months.
August 11th, 2014 - 07:03 GMT

It's valid and binding: Dana Gas wins favorable ruling against Iranian company

Al Bawaba
August 10th, 2014 - 02:00 GMT

Going beyond the bpd: Saudi Arabia thriving as the region's largest petrochemical producer

Al Bawaba
August 10th, 2014 - 09:28 GMT

ENOC inaugurates first commercial fuel station at Al Maktoum International Airport

Al Bawaba
August 10th, 2014 - 06:25 GMT

EQUATE continues community partnership with Ramadan initiatives

Al Bawaba
August 7th, 2014 - 05:44 GMT

MELUBCO Lube Oil Blending Plant enters into an MOU with DP World

The $150 million power plant — which will be the largest PV facility in the Middle East — is one of the main projects in Jordan’s plan to diversify its power generation portfolio.
August 5th, 2014 - 08:01 GMT

It's always sunny in Jordan: US company to introduce solar energy in Ma'an

Market observers said the proactively worded statement was a political ploy made just days before Turkey prepares to elect its president directly for the first time in the history of the republic.
August 5th, 2014 - 08:01 GMT

Playing to the audience as elections loom? Turkey threatens to backtrack on three Israeli pipelines over Gaza attacks

Al Bawaba
August 5th, 2014 - 09:26 GMT

ENOC rolls out ‘Shop and Live for Free’ campaign to mark DSS 2014

Al Bawaba
August 5th, 2014 - 04:25 GMT

EQUATE wins Transform Awards MENA 2014

The project, located on Saudi Arabia’s Red Sea coast, received a formal go-ahead from the parent firms in 2012.
August 4th, 2014 - 07:15 GMT

Backtracking? Aramco, Sumitomo transfer ownership of impending $8.5 billion plant

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