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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 ...

The declaration said GECF members "recognise the importance of long-term gas contracts to achieve a balanced risk sharing mechanism between producers and consumers"

November 17th, 2011 - 08:13 GMT

Gas group calls for 'fair price'

Osman said that Sudan imports additional oil at a price of $115 per barrel which he suggested poses a huge burden on the budget

November 16th, 2011 - 03:46 GMT

Sudan seeks to boost oil production by 50% in 2012

Oil markets are looking for clues on demand growth from Europe, with Italy due to unveil a technocrat-led cabinet and a new Greek coalition expected to win a confidence vote

November 16th, 2011 - 02:27 GMT

Brent slips below $112 on EU contagion worry

International companies are going all out to woo the authorities in a bid to win the $1 billion Bahrain Liquefied Natural Gas (LNG) Import Terminal project, which is being undertaken by the kingdom to secure its long-term energy requirements

November 16th, 2011 - 11:01 GMT

Bahrain’s gas vision

Al Bawaba

November 16th, 2011 - 05:45 GMT

200 Students from across Arab world visit Masdar Institute to acquire learning on sustainability lifestyle

Al Bawaba

November 15th, 2011 - 08:16 GMT

Emarat participates in the UAE's 40th National Day

Crude futures have risen in recent days on international tensions over Iran's nuclear ambitions, helping to offset fears that the eurozone debt crisis could slash demand for energy, according to analysts

November 15th, 2011 - 07:21 GMT

Oil prices retreat

The unprecedented activity in the spot tanker market is not driven by any significant increase in OPEC production, but by oil companies looking to take advantage of rock bottom freight rates in an oversupplied market

November 14th, 2011 - 04:42 GMT

Demand for Mideast oil tankers hits record

Al Bawaba

November 14th, 2011 - 08:38 GMT

RAK Petroleum posts record AED 91.8 million third quarter profit

If between 2011 and 2015 investment in the MENA region runs one-third lower than the $100 billion per year required, consumers could face a near-term rise in the oil price to $150 per barrel

November 14th, 2011 - 08:12 GMT

Crude oil could hit $150 near term says IEA

Al Bawaba

November 14th, 2011 - 07:02 GMT

Dana Gas reports strong profit growth for third quarter 2011

Libya’s oil industry will recover more quickly than the International Energy Agency predicted after suffering disruptions this year amid fighting that engulfed the country, Nuri Berruien said today in an interview in Doha, Qatar

November 13th, 2011 - 10:27 GMT

Libya oil output can reach 800,000 barrels by end 2011