Vladimir Putin told a defence ministry meeting that he wished to see the military bolster its presence in the territory
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Saturday 13 August 2011
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.
Saturday 28 May 2011
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.
Tuesday 24 May 2011
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.
Saturday 07 May 2011
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.
Thursday 21 April 2011
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.
Wednesday 06 April 2011
Scientists fear huge volumes of meltwater from diminishing ice caps may divert the Gulf Stream
Friday 01 April 2011
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.
Sunday 12 December 2010
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.
Tuesday 23 November 2010
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.
Saturday 24 July 2010
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.
Tuesday 29 June 2010
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.
Friday 09 April 2010
Friday 19 March 2010
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.
Wednesday 24 February 2010
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.
Saturday 17 October 2009
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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- 2 People all over the world are getting semicolon tattoos to draw attention to mental health
- 3 Van driver who comforted Clark Carlisle and called 999 after suicide attempt dies age 24
- 4 James Blunt was special guest on the highest-rating Top Gear episode ever
- 5 Baby rescued 1km out to sea after parents forgot about her