Oil and Renewables | Al Bawaba

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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 ...

During the event

January 20th, 2014 - 05:42 GMT

DEWA organises brainstorming session on Smart Government, sustainability and demand management

The debts of BP to Iran has not published officially yet, but Shell said in March 2013 that it has $2.3 billion debts to Tehran.

January 20th, 2014 - 03:55 GMT

Iran is totally ready to make things official with British oil giants

But the subsidy reductions could hurt the fragile economy, which is heavily reliant on tourism, agriculture and remittances from Moroccans living abroad.

January 20th, 2014 - 03:55 GMT

And the IMF does it again: Morocco makes final blow to oil and gas subsidies

If stopping an alleged Iranian nuclear weapons capability is worth going to war, it's certainly worth taking the issue seriously and undertaking serious sanctions relief.

January 19th, 2014 - 10:47 GMT

Setting the record straight: 8 misconceptions tainting Iran's nuclear program

More private companies, as well as public entities are investing in green energy in the Middle East (Shutterstock)

January 19th, 2014 - 08:25 GMT

The Greening of the Gulf: Explaining the shift in the region's energy sector

Meanwhile, diplomats said that providing the amount would not be an issue, because many IAEA member states have already expressed their willingness to help.

January 19th, 2014 - 03:55 GMT

The cost of peace: IAEA needs $8 million euros to implement the Iranian nuclear deal

he EU also will suspend bans on trade in gold, precious metals and petrochemical products while increasing a ceiling on financial transfers not related to remaining sanctions

January 19th, 2014 - 03:55 GMT

A new week, a new phase? EU to lift sanctions off Iran on Monday

The Gulf Arab states have conditioned normalisation of relations with Israel on its acceptance of the 2002 plan drafted by Saudi Arabia for peace with the Palestinians

January 19th, 2014 - 03:55 GMT

Peace agreement ahead? Israel's energy ministrer attends IEAE conference in the UAE

Adnoc said last week it wouldn’t renew its concession agreement with BP, Exxon Mobil, Royal Dutch Shell, Total and Partex to run the fields

January 15th, 2014 - 08:05 GMT

The end of an era: 75 years later, Abu Dhabi to sell oil at premium prices

According to Leylaz, Iran has sold $34 billion worth of oil and byproducts during the past nine months, earning $32 billion

January 15th, 2014 - 07:48 GMT

Envisioning the possible: how exactly would the Iranian economy look like without sanctions?

Removing subsidies may drive down economic competition and activity overall in the GCC, say experts (File Archive/Shutterstock)

January 15th, 2014 - 02:06 GMT

Will the GCC face stagflation if oil subsidies halted?

During the event

January 15th, 2014 - 10:06 GMT

Omanoil launches code of ethics to instill values of integrity and transparency amongst employees