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

Enquest cashes in on rising oil prices

Enquest, the North Sea-focused oil company, posted a 145 per cent hike in profits yesterday as rising oil prices boosted its bottom line over the first half of the year.

North Sea production slumps after Budget tax hike

North Sea oil production has slowed to its lowest level since records began 15 years ago following the Chancellor's recent tax raid on the industry.

EnCore calls off XEO flotation

EnCore Oil has cancelled the flotation of its new company, citing difficult market conditions due to Britain's recent decision to raise taxes for North Sea-focused oil and gas explorers. EnCore, which had earlier planned to float XEO Exploration, said the market's appetite for the UK North Sea had diminished ever since the tax raise was announced.

Breakthrough at last for BP in Russian stalemate

BP appears to be on the verge of salvaging a hugely controversial deal to explore the Arctic Ocean after finally agreeing a compromise with the Russian business that has been threatening to wreck the project.

Sick cruise passenger dropped in sea

A grandmother taken ill on a cruise ship fell into the freezing Arctic Ocean after being dropped by paramedics transferring her to a rescue boat, it was revealed today.

Why build-up of fresh water in Arctic could spell trouble for Britain

Scientists fear huge volumes of meltwater from diminishing ice caps may divert the Gulf Stream

Hint of compromise on North Sea oil tax

The Government has given the first signs of rowing back on plans to hike taxes on North Sea oil and gas that are causing a furore in the industry.

Album: Dan Haywood's New Hawks, DHNH (Timbreland)

Dan Haywood is a PSOW (poet/singer/ornithologist/whatever) and this epic 32-song album arises from the labour of slogging around rural Scotland, checking out the birds and meditating on the strangeness of life.

North Sea oil rig deal will create 1,000 Tyneside jobs

A £150m oil rig deal between US oil group Apache and engineering contractor Offshore Group Newcastle (OGN) will create 1,000 jobs in the North-east over the next 20 months.

Dana resists pressure to start serious sale talks with Koreans

Dana Petroleum rejected calls to step up talks with Korean National Oil Corporation as it came under pressure from investors over a 1,800p-a-share approach from the state-owned company.

Interest in North Sea exploration booms

As BP struggles in the ultra-deep waters of the Gulf of Mexico, interest is booming closer to home with an unprecedented response to the latest North Sea licensing round.

Satellite blasts off on mission to map the Earth's melting ice

CryoSat-2 to determine the effects of polar climate change

Total invests in North Sea oil field once viewed as too costly

Total is investing £2.5bn to develop entirely the Laggan and Tormore gas fields in the deep North Sea, more than 80 miles West of Shetland.

Pen Hadow returns to Arctic to study acidification of the oceans

The explorer Pen Hadow is mounting a new expedition to the Arctic to research “climate change's evil twin” – the acidification of the oceans caused by emissions of carbon dioxide.

Click here to see a map of the expedition.

Darling will look at North Sea tax cuts

The Government will look at new tax cuts for the oil and gas industry as "circumstances change" in the North Sea, Alistair Darling promised yesterday.

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