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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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Iran’s Targeted Subsidy Reform remains one of the most ambitious attempts to reform subsidies in an energy-exporting country.
July 13th, 2014 - 01:11 GMT

Applauded, for once: IMF declares Iran's subsidy reform program a success

Al Bawaba
July 13th, 2014 - 10:35 GMT

ENOC donates AED 3 million to ‘UAE Water Aid' initiative

Historically, Iran’s economy has been heavily dependent on oil, and the fluctuations of oil prices and exports over the years have directly influenced the government’s budgets and actions.
July 13th, 2014 - 03:55 GMT

True competition with Saudi Arabia? Iran promises an economy independent of oil

Efforts to reach agreement on a new government in Baghdad to confront the insurgents have been complicated by the tensions between Maliki and the Kurds.
July 13th, 2014 - 03:55 GMT

The deadlock deepens further: Kurdistan seizes two oil fields, state-owned oil company

A number of foreign partners have reduced investments in the sector for the upcoming period, which will cause average natural gas production to stabilise.
July 13th, 2014 - 02:14 GMT

Egypt marks the end of subsidies with $6.3 billion in debt to foreign oil and gas companies

Reorganizing the shipments thanks to delayed efforts to secure a terminal will add to headaches.
July 11th, 2014 - 02:16 GMT

How a terminal is standing in the way of Egypt's ambitions to restore its gas industry

After that deal, shipments from Zueitina were delayed because of damage from the blockade, while Hariga has seen only a few tanker loadings.
July 11th, 2014 - 01:42 GMT

A glimpse of normalcy: how the restarting of the El-Sharara oil reignited hope for the Libyan economy

Al Bawaba
July 10th, 2014 - 02:40 GMT

Thanks to Libya's slight comeback, oil prices settle at one month low

Discussing other factors that may potentially influence Arabian oil, Anderson said he did not expect political disruptions to affect oil passage through the Strait of Hormuz.
July 10th, 2014 - 02:32 GMT

Wishful thinking? US shale revolution won't affect the Middle East, says second opinion

Al Bawaba
July 9th, 2014 - 08:46 GMT

Oman oil company partners with ‘Klmaten Ras’ to promote culture of reading in oman

Al Bawaba
July 9th, 2014 - 03:55 GMT

With the US about to become a net exporter, is the ME’s crude oil on its way to dispensablity?

Al Bawaba
July 8th, 2014 - 04:25 GMT

EMGAS launches ‘Safe Cylinder, Safe Family’ campaign

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