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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 report gave no indication of whether any change in investment strategy was envisioned.
June 8th, 2014 - 11:15 GMT

Norway, you have competition: Saudi Arabia about to launch its first Sovereign Wealth Fund

Al Bawaba
June 8th, 2014 - 11:07 GMT

The equivalent of Jordan’s entire GDP: Libya has lost $30 billion so far in lost oil production

Al Bawaba
June 4th, 2014 - 11:59 GMT

ENOC wins Dubai Human Development Appreciation award

Al Bawaba
June 3rd, 2014 - 10:21 GMT

The North-South divide: South Sudan petroleum and mining ministry declares $3.5 billion profits in one year

Al Bawaba
June 3rd, 2014 - 09:46 GMT

ENOC Lubricants to highlight premium solutions at Automechanika Dubai 2014

Al Bawaba
June 2nd, 2014 - 08:43 GMT

OCTAL targets market expansion after successful Interpack exhibition

Al Bawaba
June 2nd, 2014 - 02:55 GMT

Iraqi oil production is headed for a comeback

Tehran agreed to freeze some nuclear activities for six months in exchange for partial sanctions relief
June 1st, 2014 - 09:17 GMT

Here's to hoping: UAE, Germany hopeful Iran's nuclear dispute will be permanently resolved

Falih said Aramco’s refining capacity would be between 8 million to 10 million barrels a day (bpd) in the coming years, a figure exceeding the goal cited by Aramco in 2012 of 8 million bpd.
May 29th, 2014 - 11:35 GMT

In attempt to keep up with global demand, Aramco will splash $100 billion on downstream investments

Al Bawaba
May 29th, 2014 - 06:56 GMT

Emarat participates in the Global No Smoking Day

The price of oil inched higher above $104 a barrel Wednesday as the conflicts in Ukraine and Libya posed renewed risks to crude supplies.
May 28th, 2014 - 06:15 GMT

Ukraine, Libya raise oil prices up to $104 barrel

Al Bawaba
May 28th, 2014 - 09:17 GMT

Emarat lubes granted the Emirates Quality Certificate from Emirates Authority for Standardization and Metrology

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