News

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

Market Report: Gulf Keystone cops it as boss sells down

Todd Kozel led by example yesterday. News that the boss of Gulf Keystone Petroleum had transferred the bulk of his shares in the oil explorer was swiftly followed by punters selling theirs.

Halliburton takes a hit of $1bn to settle Gulf oil spill claims

Halliburton is in talks to settle private claims against it in a trial to decide how to allocate blame for the 2010 Gulf of Mexico spill, the US oilfield services giant said yesterday as it took a $1bn (£656m) pre-tax charge for a possible deal.

BHP's new boss cuts his salary and ousts rivals

BHP's incoming chief executive Andrew Mackenzie has begun with a bang, cutting his own expected salary by a quarter and ousting the trio of senior staff who were chief contenders for his new job.

Seismic survey doubles estimate for Xcite's Bentley field

The prospect of a resurgence in Britain's long-declining North Sea oil industry received a boost today when the explorer Xcite Energy revealed that its giant Bentley oil field held 134 million barrels more than previously thought – worth about $14bn (£9bn) at current prices.

Twelve police officers 'missing' in Nigeria

Militants in Nigeria's oil-rich southern delta ambushed a group of police officers as they sat stranded in a boat in the region's winding creeks, leaving at least 12 “missing” in the most serious attack in months in a region vital to the country's finances,.

Sterling's silver lining

The chances of incoming Bank of England Governor Mark Carney finding a triple-dip recession in his in-tray this summer could fall on Tuesday as manufacturers attempt to bounce back from a January slump.

North Sea oil output to rise by a third over five years

The North Sea is set to end its seemingly terminal decline over the next few years, with new entrants and better technology set to push production up by about a third to 2 million barrels a day by 2017.

Omar Al-bashir: The 69-year-old military leader has said he will step down by 2015

Sudan’s President announces release of political prisoners

Sudan’s President, Omar al-Bashir, has said that all political prisoners are to be released in the latest sign of an easing of political tensions within the country and with South Sudan.

TNK-BP Russian chiefs sound out Hayward and Browne

Russian oligarchs who ran the oil group TNK-BP with BP have sounded out two former chief executives from the UK oil giant about investing jointly in international oil projects.

An oil platform in the North Sea

Why China is taking a burning interest in North Sea oil and gas

China's decade-long acquisition spree has taken an unlikely turn as Britain's long-declining North Sea oil and gas industry finds itself at the centre of the Asian juggernaut's latest phase of expansion. China entered the North Sea last year when state-owned Cnooc bought into Britain's largest oilfield in the latest phase of its global asset takeover designed to secure energy for its rapidly growing electricity needs.

Ben Chu: Harvesting the GDP figures

Outlook Cherry-picking season seems to have arrived.

Croda lifted by personal care

The specialty chemicals maker Croda International has reported a 6.6 per cent jump in full-year profits, helped by a strong performance at its consumer care business.

First witness testifies in BP oil spill trial

BP failed to apply its own safety and risk management system to the Deepwater Horizon oil rig, which exploded in the Gulf of Mexico, in what was a "tragic" and "egregious" oversight, the first witness in a long-awaited civil trial over the 2010 oil spill said.

Builders lighten UK economic gloom

The UK's post-Olympic hangover is likely to be less painful than first feared this week, as the latest figures on the economy's performance at the end of 2012 gives some respite for the Chancellor.

Derek Pain: Nighthawk oil punt that left me in the dark

No Pain, No Gain
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Independent Travel
Burgundy, the River Rhone & Provence – Five-star MS Swiss Corona 7 nights from £999pp
Lake Como St Moritz & the Bernina Express 7 nights from £809pp
Vietnam
Lake Maggiore, Orta & the Matterhorn 7 nights from £939pp
South Africa
Spain
Prices correct as of 19 December 2014
Aren’t you glad you didn’t say that? The worst wince-and-look-away quotes of the year

Aren’t you glad you didn’t say that?

The worst wince-and-look-away quotes of the year
Hollande's vanity project is on a high-speed track to the middle of nowhere

Vanity project on a high-speed track to nowhere

France’s TGV network has become mired in controversy
Sports Quiz of the Year

Sports Quiz of the Year

So, how closely were you paying attention during 2014?
Alexander Armstrong on insulting Mary Berry, his love of 'Bargain Hunt', and life as a llama farmer

Alexander Armstrong on insulting Mary Berry and his love of 'Bargain Hunt'

From Armstrong and Miller to Pointless
Sanchez helps Gunners hold on after Giroud's moment of madness

Sanchez helps Gunners hold on

Olivier Giroud's moment of madness nearly costs them
A Christmas without hope: Fears grow in Gaza that the conflict with Israel will soon reignite

Christmas without hope

Gaza fears grow that conflict with Israel will soon reignite
After 150 years, you can finally visit the grisliest museum in the country

The 'Black Museum'

After 150 years, you can finally visit Britain's grisliest museum
No ho-ho-hos with Nick Frost's badass Santa

No ho-ho-hos with Nick Frost's badass Santa

Doctor Who Christmas Special TV review
Chilly Christmas: Swimmers take festive dip for charity

Chilly Christmas

Swimmers dive into freezing British waters for charity
Veterans' hostel 'overwhelmed by kindness' for festive dinner

Homeless Veterans appeal

In 2010, Sgt Gary Jamieson stepped on an IED in Afghanistan and lost his legs and an arm. He reveals what, and who, helped him to make a remarkable recovery
Isis in Iraq: Yazidi girls killing themselves to escape rape and imprisonment by militants

'Jilan killed herself in the bathroom. She cut her wrists and hanged herself'

Yazidi girls killing themselves to escape rape and imprisonment
Ed Balls interview: 'If I think about the deficit when I'm playing the piano, it all goes wrong'

Ed Balls interview

'If I think about the deficit when I'm playing the piano, it all goes wrong'
He's behind you, dude!

US stars in UK panto

From David Hasselhoff to Jerry Hall
Grace Dent's Christmas Quiz: What are you – a festive curmudgeon or top of the tree?

Grace Dent's Christmas Quiz

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Nasa planning to build cloud cities in airships above Venus

Nasa planning to build cloud cities in airships above Venus

Planet’s surface is inhospitable to humans but 30 miles above it is almost perfect