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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 ...

Saudi Arabia plans to invest $109 billion to produce 41 gigawatts (GW) of solar energy by 2032, which is almost 30 percent of its total energy requirement by that time

April 21st, 2014 - 07:53 GMT

A sign of rationality or desperation? Saudi Arabia is about to spend the equivalent of one fifth of its GDP to become world's largest solar energy producer

Saudi will produce 41 gigawatts of solar energy by 2032 (File Archive)

April 21st, 2014 - 01:00 GMT

Salutation to the sun: Saudi solar investment to provide third of country's energy

Al Bawaba

April 21st, 2014 - 07:30 GMT

Burning the candle at both ends: Iraq's pressing energy crisis

Egypt's government will allegedly make a "bigger push" to distribute smart cards for fuel to subsidize the price of gasoline for citizens (File Archive)

April 21st, 2014 - 07:02 GMT

Are you in the know? The details on Egypt's energy restructuring plan

By holding 157 billion barrels of recoverable crude oil reserves, Iran possesses the world’s fourth largest reserves of crude oil.

April 21st, 2014 - 02:55 GMT

No wonder someone's freaking out: Iran oil output hits 2.9 million bpd, projected to double

Despite world forecast revisions, oil production in OPEC countries is on the rise due to Iraqi output (File Archive/Shutterstock)

April 20th, 2014 - 09:00 GMT

IEA oil forecast revision down, but OPEC countries need not worry

Along with the UAE, another Gulf country that is actively pursuing a nuclear programme is Saudi Arabia.

April 20th, 2014 - 02:55 GMT

Nuclear energy in the Middle East: a renewable menace?

Al Bawaba

April 20th, 2014 - 12:10 GMT

The not-so-smart approach: Libya to introduce smart card system to cut fuel subsidies

Iran shares oil and gas fields with most of its neighbors, including Iraq, Kuwait, Qatar, as well as Oman and Turkmenistan.

April 17th, 2014 - 09:53 GMT

Historic irony? Iran to splash $20 billion on joint oil fields with Iraq

Al Bawaba

April 17th, 2014 - 08:23 GMT

Masdar Institute’s iMicro to Host Global and Local Industry Leaders Meet on 22 April

If realised, this would not only revive output at Idku but also mean that Israel's first LNG exports would take place from an Egyptian plant.

April 16th, 2014 - 10:02 GMT

Will passing gas ease Israel's tensions with Egypt and Turkey?

Al Bawaba

April 16th, 2014 - 12:03 GMT

ADNOC Distribution Awards Winners of Internal HSE Initiatives for 2013