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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 ...

Al Bawaba

April 28th, 2014 - 05:30 GMT

Fujairah Police G.H.Q, honor Shamil as a distinguished partner

Iran-Russia trade currently totals $5 billion a year, but economists say the two countries can at least quadruple the volume of their trade exchanges.

April 28th, 2014 - 12:50 GMT

Partners in...sanctions? Russia, Iran $10 billion power deal gaining momentum

Al Bawaba

April 27th, 2014 - 10:20 GMT

ENOC to hire over 150 Emirati professionals

“In the long term though, the region needs to focus on developing local skills, to ensure that their economies can extract maximum gains from these proposed investments.”

April 27th, 2014 - 02:55 GMT

With the era of 'easy oil' coming to an end, is solar energy the only option left for the ME?

Rouhani's first attempt at implementing subsidy reform was a disaster.

April 27th, 2014 - 02:55 GMT

The litmus test for Rouhani's popularity? Iranians rush to gas stations in anticipation of unprecedented price hike

The dispute is delaying publication of an oil and gas exploration tender for Lebanon's Block 9, which could have more than seven trillion cubic feet of natural gas.

April 26th, 2014 - 01:17 GMT

Forget Hezbollah: Israel, Lebanon hit deadlock over offshore gas explorations

Al Bawaba

April 24th, 2014 - 03:50 GMT

Saudi Arabia to build world's biggest desal plant

Al Bawaba

April 24th, 2014 - 01:59 GMT

India to pay Iran $1.65 billion in landmark oil deal

Al Bawaba

April 23rd, 2014 - 12:11 GMT

Major oil company to continue funding growth in Oman

Al Bawaba

April 22nd, 2014 - 12:15 GMT

Saudi to hold waste management and recycling summit

Meanwhile, in March, Dimian described the energy subsidies system as “high and unreasonable”, adding that it would not continue “in the current form”

April 22nd, 2014 - 02:55 GMT

Here it comes: Egypt's energy subsidy reforms to take effect in July

“At the forefront of these projects came the multi-billion dollar clean fuel project, the new Al Zour refinery, the fifth natural gas plant and the construction of new liquefied natural gas import facilities,”

April 21st, 2014 - 09:38 GMT

Kuwait's KNPC to invest $35 billion in transforming the country's oil industry