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Oil and Renewables

Oil and Renewables latest

Brent crude
March 3rd, 2026 - 08:24 GMT
Sally Shakkour

Sally Shakkour

Brent crude jumps by 4% to $81 per barrel

ALBAWABA - Brent crude increased by over 4 percent, hitting $81 per barrel in afternoon trade in Asia on Tuesday amid intensive attacks in the Middle East. Around 0800 GMT, Brent was trading up 4.41 percent at $81.17 per barrel, while West Texas Intermediate was up 3.99 percent at $74.07 per barrel, AFP reported Tuesday. Nonetheless, European gas prices also recorded an increase of another 30 percent on Iran.
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Egypt witnessed a large flow of investment from international oil companies in the wake of the June 30 revolution. (Reuters)
August 28th, 2017 - 01:56 GMT

Egypt Signs Three New Oil Exploration Deals in Western Desert

Saif Humaid Al Falasi, Group CEO, ENOC
August 23rd, 2017 - 07:29 GMT

ENOC Recognised for Innovative Energy Management Initiatives at International Awards

An Emirati man looks at the solar power platform at Masdar City, on the outskirts of Abu Dhabi. (AFP)
August 22nd, 2017 - 01:54 GMT

UAE's Economy to Slow Down as Abu Dhabi Cuts Oil Production: Report

The partnership agreement with Mashreq Bank is part of our efforts to achieve the directives of the wise leadership to encourage customers and provide excellent government services through innovative channels.
August 22nd, 2017 - 12:10 GMT

DEWA in Bill Payment Deal With Mashreq Bank

The transaction is expected to close in first quarter 2018 and has an effective date of July 1, 2017.
August 22nd, 2017 - 11:26 GMT

Total Acquires Maersk’s Oil and Gas Unit for $7.45 Billion

The five ADNOC Distribution employees were honoured at a ceremony and lunch at ADNOC’s HQ
August 22nd, 2017 - 04:15 GMT

ADNOC Rewards Service Station Employees for Rapid and Effective Response, Ensuring Safety of Customers and Community

The project is the first large-scale wind farm set to be developed in the GCC. (File photo)
August 20th, 2017 - 09:11 GMT

Abu Dhabi’s Masdar to Build GCC’s First Large-Scale Wind Farm in Oman

Engie has acquired a 40 percent stake in Tabreed from Mubadala, the Abu Dhabi-based investment company. (Shutterstock)
August 17th, 2017 - 09:56 GMT

France's Engie Completes $762 Million Investment in Tabreed

Dana Gas produces most of its energy in Egypt and Iraq. The company announced plans in May to restructure the debt.
August 15th, 2017 - 11:30 GMT

Dana Gas Profits Jump 77 Percent as Energy Prices Rise

The project is expected to produce half of the country’s planned renewable energy output. (File photo)
August 15th, 2017 - 08:20 GMT

Kuwait Issues Tender for $1.2 Billion Solar Project in Al-Dibdibah

Ahmad Bin Shafar, CEO of Empower.
August 14th, 2017 - 11:30 GMT

Empower Connects Bluewaters With 25,000 Tons of District Cooling

Oman Oil Marketing Company
August 13th, 2017 - 09:19 GMT

Oman Oil Marketing Company Announces 10 Winning Smes of Tasweik 2016

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