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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 exploration programme for block 41 is expected to begin with seabed coring in 2014.
December 15th, 2013 - 04:08 GMT

Oman inks pact with Total, Petrogas for developing oil blocks

The six-month shutdown of Libya's oil industry by rogue militias and disgruntled tribesmen has forced the government to dip into the country's foreign reserves, a
December 15th, 2013 - 03:00 GMT

Immeasurable dangers facing Libya's economy over perpetual oil shutdown

The global supply of oil in the world is set to rise. (Image credit: Shutterstock)
December 15th, 2013 - 09:35 GMT

Are the prices of oil going to crash in the near future?

KSA is expanding its electrical supply to meet the needs of a rising population, a growing industrial sector, and increased demand for air conditioning (File Archive/Shutterstock)
December 11th, 2013 - 10:00 GMT

Spotlight on Saudi Arabia: KSA expands electrical supply, power plan largest in the Middle East

Increase in global supply will result in a drop in oil prices. (Image credit: Shutterstock)
December 11th, 2013 - 06:55 GMT

Investor alert: Oil to drop by $10 in 2014

ENOC receiving the award
December 10th, 2013 - 09:52 GMT

ENOC wins YBL Award for ‘Best Supporting Entity to the Government Procurement Programme’

The emirate of 2.2 million people, with its economy rebounding as local hospitality and property industries flourish, expects to attract 25 million visitors during the six-month show starting October 20, 2020
December 10th, 2013 - 03:55 GMT

Anything for the Expo 2020, Dubai splurges on going solar

The supreme tragedy is that the US has bankrupted itself ensuring military security for the oil-producing nations of the Gulf when oil production is destroying the world
December 9th, 2013 - 10:50 GMT

Arab conspiracy theorists, be thrilled: the US pentagon has spent $8 trillion to guard Gulf oil and destabilize the Middle East

Egypt has signed oil and gas exploration agreements with Apache Corporation, Royal Dutch Shell and GDF Suez, the Egyptian state news agency reported.
December 9th, 2013 - 03:55 GMT

Desperate for an economic makeover, Egypt signs historic oil exploration deals with foreign firms

Lebanon plans to convert the LNG into natural gas (Shutterstock)
December 8th, 2013 - 11:56 GMT

Lebanon looks forward to liquefied natural gas to cut country's growing energy costs

Iranian Oil Minister Bijan Zanganeh named the seven in order: Total of France, Royal Dutch Shell, Italy's ENI, Norway's Statoil, Britain's BP and US companies Exxon Mobil and ConocoPhillips .
December 8th, 2013 - 03:55 GMT

Candid wishlist: Iran is not so subtle when it comes to the oil clients it wants back

Energy ministers from Opec countries agreed yesterday to keep the group’s target for crude output unchanged at 30mn bpd.
December 5th, 2013 - 02:56 GMT

Nothing exciting about the new oil production rate set by OPEC

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