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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Sport
Arsenal supporters gather for a recent ‘fan party’ in New Jersey
football
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sportDidier Drogba returns to Chelsea on one-year deal
Arts and Entertainment
The Secret Cinema performance of Back to the Future has been cancelled again
film
Life and Style
Balmain's autumn/winter 2014 campaign, shot by Mario Sorrenti and featuring Binx Walton, Cara Delevingne, Jourdan Dunn, Ysaunny Brito, Issa Lish and Kayla Scott
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people
Arts and Entertainment
Christian Grey cradles Ana in the Fifty Shades of Grey film
filmFifty Shades of Grey trailer provokes moral outrage in US
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BBC broadcaster and presenter Evan Davis, who will be taking over from Jeremy Paxman on Newsnight
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Life and Style
fashionCustomer complained about the visibly protruding ribs
Voices
The new dawn heralded by George Osborne has yet to rise
voicesJames Moore: As the Tories rub their hands together, the average voter will be asking why they're not getting a piece of the action
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Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Evan Davis: The BBC’s wolf in sheep’s clothing to take over at Newsnight

The BBC’s wolf in sheep’s clothing

What will Evan Davis be like on Newsnight?
Finding the names for America’s shame: What happens to the immigrants crossing the US-Mexico border without documents who never make it past the Arizona desert?

Finding the names for America’s shame

The immigrants crossing the US-Mexico border without documents who never make it past the Arizona desert
Inside a church for Born Again Christians: Speaking to God in a Manchester multiplex

Inside a church for Born Again Christians

As Britain's Anglican church struggles to establish its modern identity, one branch of Christianity is booming
Rihanna, Kim Kardashian and me: How Olivier Rousteing is revitalising the house of Balmain

Olivier Rousteing is revitalising the house of Balmain

Parisian couturier Pierre Balmain made his name dressing the mid-century jet set. Today, Olivier Rousteing – heir to the house Pierre built – is celebrating their 21st-century equivalents. The result? Nothing short of Balmania
Cancer, cardiac arrest, HIV and homelessness - and he's only 39

Incredible survival story of David Tovey

Tovey went from cooking for the Queen to rifling through bins for his supper. His is a startling story of endurance against the odds – and of a social safety net failing at every turn
Backhanders, bribery and abuses of power have soared in China as economy surges

Bribery and abuses of power soar in China

The bribery is fuelled by the surge in China's economy but the rules of corruption are subtle and unspoken, finds Evan Osnos, as he learns the dark arts from a master
Commonwealth Games 2014: Highland terriers stole the show at the opening ceremony

Highland terriers steal the show at opening ceremony

Gillian Orr explores why a dog loved by film stars and presidents is finally having its day
German art world rocked as artists use renowned fat sculpture to distil schnapps

Brewing the fat from artwork angers widow of sculptor

Part of Joseph Beuys' 1982 sculpture 'Fettecke' used to distil schnapps
BBC's The Secret History of Our Streets reveals a fascinating window into Britain's past

BBC takes viewers back down memory lane

The Secret History of Our Streets, which returns with three films looking at Scottish streets, is the inverse of Benefits Street - delivering warmth instead of cynicism
Joe, film review: Nicolas Cage delivers an astonishing performance in low budget drama

Nicolas Cage shines in low-budget drama Joe

Cage plays an ex-con in David Gordon Green's independent drama, which has been adapted from a novel by Larry Brown
How to make your own gourmet ice lollies, granitas, slushy cocktails and frozen yoghurt

Make your own ice lollies and frozen yoghurt

Think outside the cool box for this summer's tempting frozen treats
Ford Fiesta is UK's most popular car of all-time, with sales topping 4.1 million since 1976

Fiesta is UK's most popular car of all-time

Sales have topped 4.1 million since 1976. To celebrate this milestone, four Independent writers recall their Fiestas with pride
10 best reed diffusers

Heaven scent: 10 best reed diffusers

Keep your rooms smelling summery and fresh with one of these subtle but distinctive home fragrances that’ll last you months
Commonwealth Games 2014: Female boxers set to compete for first time

Female boxers set to compete at Commonwealth Games for first time

There’s no favourites and with no headguards anything could happen
Five things we’ve learned so far about Manchester United under Louis van Gaal

Five things we’ve learned so far about United under Van Gaal

It’s impossible to avoid the impression that the Dutch manager is playing to the gallery a little