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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

News
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filmsDaniel Craig is believed to be donning skies as 007 for the first time
Voices
Yes supporters gather outside the Usher Hall, which is hosting a Night for Scotland in Edinburgh
voicesBen Judah: Is there a third option for England and Scotland that keeps everyone happy?
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music
Life and Style
techCriminals are targeting an e-reader security flaw
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Life and Style
tech... and together they're worth at least £100 million
Life and Style
healthIt isn’t greasy. It doesn’t smell. And moreover, it costs nothing
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