Sport Andy Murray recorded his first win since his comeback from injury after he beat Stanislas Wawrinka in straight-sets

The reigning Wimbledon champion suffered defeat on Thursday to Jo-Wilfried Tsonga but recovered to beat the Swiss in Abu Dhabi

Exxon buys natural gas firm XTO in $41bn deal

The oil giant ExxonMobil placed a $41bn (£25bn) bet on the future of natural gas with the acquisition of Texas-based XTO, putting pressure on its rivals to follow suit.

No cash bonuses for top Goldman staff

The US investment bank Goldman Sachs says its 30 top managers will receive no cash bonuses this year. They will instead have to make do with shares which they will be banned from selling for five years and could lose if they fail to raise concerns over risk.

Business Diary: 21/11/2009

M&S found wanting at retail awards time

A notable omission from planet retail's annual backslapping bash, otherwise known as the Retail Week awards. Poor old M&S has not garnered a single nomination.

BP ups cost-cutting target by $1bn as profits 'obliterate' expectations

Despite falling by half, profits of $5bn are $1.5bn higher than anticipated

Market Report: Tullow Oil shines out in lacklustre market

Tullow Oil stood out in an otherwise lacklustre market last night, firming up after a leading broker, returning from a meeting with management, reiterated its positive stance on the stock.

Britain lags in growth race as US emerges from slump

Obama's formula seems to be working as signs of a turnaround appear

BP set for Iraqi oil licence as cabinet approves deal

Group will share rights over 17bn barrel Rumaila field with China's state-owned CNPC

World's second biggest oil and gas project given £22bn go-ahead

Australia's Gorgon field to start producing LNG in 2014

Oil giant Exxon sees the future – and it is green algae

The oil giant that environmentalists love to hate, ExxonMobil, which for years denied the existence of man-made climate change, is sensationally "going green" in a very literal sense – investing $600m (£369m) in algae.

Iraqi government approves BP oil field offer

Iraq's government today approved a BP-led consortium's offer to develop a giant oil field in the south, moving forward with the only deal struck during a much-hyped but ultimately disappointing international oil auction.

Bidding war for Iraq's huge oil contracts sputters into life

Government plays hardball in fees payable to international oil companies

Nigeria offers amnesty to militants in oil delta

The Nigerian President, Umaru Yar'Adua, proposed 60 days of "amnesty and unconditional pardon" for militants in the Niger Delta yesterday in an effort to end years of attacks on Africa's biggest oil and gas industry.

ExxonMobil shareholders vote down green proposals

Descendants of John D Rockefeller, the oil magnate whose Standard Oil made him the richest man in history at the turn of the 19th-century, pressed the modern-day ExxonMobil to focus on the impact of climate change and change its focus to renewable energies.

PetroChina becomes world's biggest firm

It is another symbol of the way in which the world of capitalism is shifting on its axis. PetroChina, the listed arm of China's state oil business, has become the largest company in the world, surpassing its rivals in the West.

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