News

Fourth quarter profits declined to $2.1 billion from $7.3 billion a year earlier

Government fears fracking 'backfire' over lack of staff and rigs

Government moves to champion Britain's fledgling shale oil and gas industry are likely to backfire because any fracking boom they might foster would be curbed by a shortage of rigs, fracking equipment and qualified staff, a new report warns.

Placards are pictured at the entrance of the drill site

Balcombe fracking row takes fresh twist as it emerges parish council raised no objection to drilling

The two-week protest against potential fracking in Balcombe took a dramatic twist today as it emerged that the local parish council had lodged "no objection" to the planning application, without consulting the West Sussex village - a decision the council chair said she was now "gutted" about.

Prime Minister backs 'exciting' prospect of South East fracking

Spokesman says David Cameron supports energy minister Michael Fallon's comments on Sussex shale gas extraction, as long as it will not damage environment

Market Report: Shell shocks market as profits dive 60 per cent

Investors in the world's second-biggest listed oil group were yesterday left shell-shocked after news of a 60 per cent fall in profits. Royal Dutch Shell's second-quarter results were 23 per cent below analysts' consensus forecasts and Richard Curr, head of dealing at broker Prime Markets, said they "came totally out of the blue".

House passes Iran sanctions bill to slash oil exports

The House of Representatives easily passed a bill on Wednesday to tighten sanctions on Iran, showing a strong message to Tehran over its disputed nuclear program days before President-elect Hassan Rouhani is sworn in.

Anti-fracking protester is arrested in Balcombe

Police accused of using ‘excessive force’ during Balcombe fracking protest

Officers told to justify painful 'mandibular angle' technique using pressure point behind ear

BP's Gulf of Mexico disaster fund is scraping the barrel

Shares in BP tumbled nearly 4 per cent today after the FTSE 100 oil giant hiked its provision for compensation claims from the Gulf of Mexico oil spill by $1.4 billion (£913 million) to $9.6 billion — and warned the final cost could be “significantly higher” as it continues to receive new claims.

David Cameron riding on a sled in Svalbard, Norway, in 2006, during a visit to study climate change

David Cameron urged to restore green credentials with return to Arctic

An influential cross-party group of MPs has challenged David Cameron to return to the Arctic, accusing his government of being dangerously complacent about oil exploration in the region.

Protesters complained that police are using bully boy tactics

Balcombe fracking protesters complain of 'bully boy' tactics

About 10 people were arrested during demo against proposed local oil and gas development

The ‘Deepwater Horizon’ explosion in the Gulf of Mexico killed 11 workers and injured 16 others

Gulf of Mexico oil spill: Halliburton pleads guilty to destroying evidence

The energy services firm agrees to pay fine and $55m donation to wildlife charity

A protestor lies down in front of the entrance gate

Sleepy Balcombe wakes up with a roar over prospect of fracking

Tom Bawden visits the West Sussex village where events are shaking up old allegiances

Lynton Crosby, the Conservatives’ election strategist

After cigarette packs and alcohol prices, David Cameron now faces questions about Lynton Crosby and fracking

Prime Minister is under pressure over his strategist’s potential conflict of interest

Under the Chancellor’s regime, shale gas producers will pay just 30 per cent tax on their profits

George Osborne reveals 50% tax break for fracking firms

Britain’s fledgling shale gas industry will get a major boost today as George Osborne cuts taxes on fracking profits to less than half the amount paid by conventional oil and gas producers.

Industry figures Lord Browne, Baroness Hogg, Sam Laidlaw, and Lord Howell all advise the government

Revealed: Fracking industry bosses at heart of coalition

Campaigners warn of potential conflicts of interest from energy-sector leaders advising on policy

Career Services

Day In a Page

Independent Travel
Pompeii, Capri & the Bay of Naples
Dubrovnik, the Dalmatian Coast & Montenegro
Burgundy, the River Rhone & Provence
Lisbon, Oporto and the Douro Valley
Lake Garda, Venice & Verona
Spain
Prices correct as of 23 January 2015
Syria crisis: Celebrities call on David Cameron to take more refugees as one young mother tells of torture by Assad regime

Celebrities call on David Cameron to take more Syrian refugees

One young mother tells of torture by Assad regime
The enemy within: People who hear voices in their heads are being encouraged to talk back – with promising results

The enemy within

People who hear voices in their heads are being encouraged to talk back
'In Auschwitz you got used to anything'

'In Auschwitz you got used to anything'

Survivors of the Nazi concentration camp remember its horror, 70 years on
Autumn/winter menswear 2015: The uniforms that make up modern life come to the fore

Autumn/winter menswear 2015

The uniforms that make up modern life come to the fore
'I'm gay, and plan to fight military homophobia'

'I'm gay, and plan to fight military homophobia'

Army general planning to come out
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign

What the six wise men told Tony Blair

Months before the invasion of Iraq in 2003, experts sought to warn the PM about his plans. Here, four of them recall that day
25 years of The Independent on Sunday: The stories, the writers and the changes over the last quarter of a century

25 years of The Independent on Sunday

The stories, the writers and the changes over the last quarter of a century
Homeless Veterans appeal: 'Really caring is a dangerous emotion in this kind of work'

Homeless Veterans appeal

As head of The Soldiers' Charity, Martin Rutledge has to temper compassion with realism. He tells Chris Green how his Army career prepared him
Wu-Tang Clan and The Sexual Objects offer fans a chance to own the only copies of their latest albums

Smash hit go under the hammer

It's nice to pick up a new record once in a while, but the purchasers of two latest releases can go a step further - by buying the only copy
Geeks who rocked the world: Documentary looks back at origins of the computer-games industry

The geeks who rocked the world

A new documentary looks back at origins of the computer-games industry
Belle & Sebastian interview: Stuart Murdoch reveals how the band is taking a new direction

Belle & Sebastian is taking a new direction

Twenty years ago, Belle & Sebastian was a fey indie band from Glasgow. It still is – except today, as prime mover Stuart Murdoch admits, it has a global cult following, from Hollywood to South Korea
America: Land of the free, home of the political dynasty

America: Land of the free, home of the political dynasty

These days in the US things are pretty much stuck where they are, both in politics and society at large, says Rupert Cornwell
A graphic history of US civil rights – in comic book form

A graphic history of US civil rights – in comic book form

A veteran of the Fifties campaigns is inspiring a new generation of activists
Winston Churchill: the enigma of a British hero

Winston Churchill: the enigma of a British hero

A C Benson called him 'a horrid little fellow', George Orwell would have shot him, but what a giant he seems now, says DJ Taylor
Growing mussels: Precious freshwater shellfish are thriving in a unique green project

Growing mussels

Precious freshwater shellfish are thriving in a unique green project