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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 ...

Nevertheless, Saudi continues to play the role of an emergency supplier and changes in its exports could be explained by changes in Chinese imports.

July 21st, 2014 - 03:55 GMT

Playing things safe: is China diversifying away from GCC oil imports?

Now with crude output in the country growing rapidly and the US emerging as the world's top producer, there seems growing emphasis in Washington on controlling the newly found resource

July 21st, 2014 - 02:10 GMT

Taking the lead: the US' newfound role in energy markets and what it entails for the region

He added that Africa was a very promising market for Sabic and the company was focusing on opening distribution centres in a number of African countries.

July 20th, 2014 - 01:55 GMT

Right on spot: Sabic profits rise 7% despite imminent shale boom

Al Bawaba

July 17th, 2014 - 01:02 GMT

EQUATE hosts Ramadan meals with Zakat House

EU officials and experts voiced support over the weekend for proposals to turn Cyprus into an energy hub for Europe in order to reduce the continent’s dependence on Russian gas.

July 16th, 2014 - 10:52 GMT

Watch out, Qatar: How Cyprus is poised to become the EU’s new energy hub

Al Bawaba

July 16th, 2014 - 11:55 GMT

ENOC wins Superbrand laurel for 9th consecutive year

Al Bawaba

July 16th, 2014 - 11:27 GMT

Emarat unveils new charity initiatives during Zayed Humanitarian Work Day

Al Bawaba

July 15th, 2014 - 06:15 GMT

Emarat’s Bakeria Chain offers Iftar meals

Dues owed to foreign partners for the petroleum sector have grown to $6.3bn through July 2014, as compared to $6bn at the end of April 2014

July 14th, 2014 - 02:02 GMT

No wonder it's resorting to Israel: how Egypt's gas production is falling victim to debt

One source told The Daily Star that most international oil companies may not rush to bid for available gas blocks if Lebanese politicians failed to iron out all their differences on some articles in the decrees.

July 14th, 2014 - 03:55 GMT

Passing on gas: Lebanon's gas auction postponed over and over again due to political deadlocks

Last month the Paris-based International Energy Agency too conceded that the US was the biggest producer of oil and natural gas liquids.
In view of the growing US supplies, the OPEC too is cutting forecast of demand for its own oil by 300,000 barrels a day next year.

July 13th, 2014 - 10:29 GMT

A defining moment has arrived: why demand for OPEC oil will never be the same

Another option that has been pushed forward enthusiastically in recent weeks is selling gas to the international companies that have land-based liquefaction facilities in Egypt.

July 13th, 2014 - 03:07 GMT

What political 'sensitivity'? How Turkey, Cyprus, and Egypt are playing an intense round of tug of war over Israeli gas