News

Vladimir Putin told a defence ministry meeting that he wished to see the military bolster its presence in the territory

£1bn North Sea oil fields project approved

A £1 billion project to develop two oil fields in the North Sea has been given the go-ahead.

Oil wouldn't save independent Scotland, warns IFS

An independent Scotland could face deeper cuts to public spending than the rest of the UK, despite North Sea oil and gas revenues, the widely respected Institute for Fiscal Studies (IFS) has concluded.

BG Group shares sink 14 per cent as output forecast gives causes for alarm

Shares in BG Group fell by 14 per cent to hit a two-year low yesterday after the gas producer that was spun out of British Gas admitted that its 2013 production forecasts were wrong and told the City not to expect any growth next year.

Britain's new licences for North Sea drilling

The UK handed out 167 new licences to drill for oil and gas in the North Sea yesterday, with BP, Shell, Centrica and France's Total among the biggest recipients.

19 people rescued from North Sea as helicopter carrying oil workers makes 'controlled ditching'

An investigation is underway after 19 people were today rescued when a helicopter carrying oil workers made a “controlled ditching” in the North Sea.

Since 1979, scientists have observed that, in the month of September, the amount of sea ice on the surface area of the ocean has declined significantly

A new low for global warming: Sea ice retreats to furthest point on record

Scientists warn that neither the cause nor the consequence of today’s new record retreat for Arctic sea ice should be ignored. But with drilling opportunities at stake, which interest will prevail?

Chinese oil giant agrees £10bn deal for Canada's Nexen

Cnooc has agreed to buy the Canadian oil producer Nexen for $15.1bn (£9.7bn), in a deal that could make the Chinese oil giant the operator of the giant Buzzard field in the North Sea.

Michael McCarthy: The scramble for the arctic is already underway

It is just beginning to become clear that an ominous new age is dawning for Arctic, one of the world most unspoiled ecosystems: a stampede for the region’s minerals and other natural resources, oil and gas above all, as the exploitation of them is being made possible by the rapid melting of the Arctic Ice by the warming climate.

Summer set to arrive in Britain as temperatures rise

Sun worshippers will finally be able to strip off their winter woollies and bask in some warming rays after weeks of grey skies and rain.

Tiksi: A Siberian fairy tale in pictures

A modern-day fairy tale from the small Siberian town of Tiksi, told through the lens of Evgenia Arbugaeva, is one of the highlights of the upcoming London Festival of Photography.

Helicopter ditches in the North Sea near Aberdeen

All of the passengers and crew from a helicopter that ditched in the North Sea have arrived safely back on land after air and sea rescues.

Simon Calder: Save the safety lecture for the those who head to the Med

Sailing beyond the Arctic Circle is one of the few fast-growing sectors of the cruise industry. More ships are based at UK ports for the summer than ever, with many venturing to Norway, the Faroe Islands, Iceland and beyond. A voyage to the far north is immensely appealing. In one sense an Arctic adventure is the ultimate day trip, because the summer sun will not fall beneath the horizon all summer. And a thousand miles beyond the tree line, tourists can confront some of the world's rawest edges from the comfort of a cruise-ship cocoon. Mountains that no human has ever climbed soar from the ocean. Thick veins of snow trickle from the peaks and fuel the glaciers that gouge through the rock in geology's perpetual power struggle.

Exploration company strikes oil off County Cork

An exploration company has struck oil and discovered the first commercial well off the Irish coast.

London freezes yesterday

Science behind the big freeze: is climate change bringing the Arctic to Europe?

A loss of sea ice could be a cause of the bitter winds that have swept across the UK in the past week, weather experts say

Shell admits risk of further spill

Hundreds of tonnes of oil could still be inside an offshore pipeline which has been leaking for a week.

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