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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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Al Bawaba
May 11th, 2014 - 09:41 GMT

ENOC joins hands with MSD to provide all employees with free Hepatitis C screening

Asked when Oman was going to decide on potential changes to subsidy levels, Balushi said: “It’s an exercise that is going on, it could be this year, it could be next year.”
May 8th, 2014 - 04:20 GMT

Tick tock: Oman is on the verge of lifting subsidies

Egypt has obtained billions of dollars in loans from other Gulf Arab states in recent months. Some of that money has been used to help Cairo fund energy costs.
May 8th, 2014 - 03:49 GMT

Desperate to avoid more blackouts: Egypt is soliciting $2.5 billion to cover gas imports

One of the two largest gas fields in Israel, Tamar was discovered in the eastern Mediterranean in 2009 and holds an estimated 10 Tcf of gas.
May 7th, 2014 - 08:36 GMT

A cruel role reversal: Israel to export Tamar gas to Egypt

Al Bawaba
May 7th, 2014 - 10:24 GMT

Omanoil’s Facebook Page wins Arab Web award for social media interactivity in the oil & gas sector

Kuwait has boasted a budget surplus in each of the past 14 fiscal years, helping its sovereign wealth fund to increase to over $400 billion.
May 7th, 2014 - 03:55 GMT

Tough love: the IMF has a few things to say to Kuwait

Jordan may have struck gold in securing much-needed energy resources as it starts the commercial exploitation of its oil shale reserves
May 7th, 2014 - 12:43 GMT

Forget the US, forget Saudi Arabia: Could Jordan's development of oil shale be the true game changer here?

Al Bawaba
May 6th, 2014 - 06:42 GMT

“Fasttrack” centers for vehicles’ maintenance and repair organizes tire safety training for its staff

Al Bawaba
May 5th, 2014 - 11:45 GMT

OCTAL to showcase Oman’s research and development prowess at Europe’s leading packaging trade fair

The capacity of South Pars gas and oil fields could hit 100 million cubic meters daily in the current Iranian year
May 5th, 2014 - 10:55 GMT

Making it worthwhile: Iran's South Pars field exports gas, oil to 29 countries for $1.3 billion

Forty-nine percent of the tenders for the drilling will be reserved for Lebanese investors (File Archive)
May 5th, 2014 - 09:00 GMT

Lebanon's next oil investors?! It's own diaspora...

Emiratis have been at the forefront of green energy exploration and construction in the Middle East (File Archive)
May 5th, 2014 - 07:06 GMT

Forget Expo 2020! UAE submitting bid for World Energy Congress 2019

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