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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Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 17 April 2015
Not even the 'putrid throat' could stop the Ross Poldark swoon-fest'

Not even the 'putrid throat' could stop the Ross Poldark swoon-fest'

How a costume drama became a Sunday night staple
Miliband promises no stamp duty for first-time buyers as he pushes Tories on housing

Miliband promises no stamp duty for first-time buyers

Labour leader pushes Tories on housing
Aviation history is littered with grand failures - from the the Bristol Brabazon to Concorde - but what went wrong with the SuperJumbo?

Aviation history is littered with grand failures

But what went wrong with the SuperJumbo?
Fear of Putin, Islamists and immigration is giving rise to a new generation of Soviet-style 'iron curtains' right across Europe

Fortress Europe?

Fear of Putin, Islamists and immigration is giving rise to a new generation of 'iron curtains'
Never mind what you're wearing, it's what you're reclining on

Never mind what you're wearing

It's what you're reclining on that matters
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband

Chuka Umunna: A virus of racism runs through Ukip

The shadow business secretary on the benefits of immigration, humility – and his leader Ed Miliband
Yemen crisis: This exotic war will soon become Europe's problem

Yemen's exotic war will soon affect Europe

Terrorism and boatloads of desperate migrants will be the outcome of the Saudi air campaign, says Patrick Cockburn
Marginal Streets project aims to document voters in the run-up to the General Election

Marginal Streets project documents voters

Independent photographers Joseph Fox and Orlando Gili are uploading two portraits of constituents to their website for each day of the campaign
Game of Thrones: Visit the real-life kingdom of Westeros to see where violent history ends and telly tourism begins

The real-life kingdom of Westeros

Is there something a little uncomfortable about Game of Thrones shooting in Northern Ireland?
How to survive a social-media mauling, by the tough women of Twitter

How to survive a Twitter mauling

Mary Beard, Caroline Criado-Perez, Louise Mensch, Bunny La Roche and Courtney Barrasford reveal how to trounce the trolls
Gallipoli centenary: At dawn, the young remember the young who perished in one of the First World War's bloodiest battles

At dawn, the young remember the young

A century ago, soldiers of the Empire – many no more than boys – spilt on to Gallipoli’s beaches. On this 100th Anzac Day, there are personal, poetic tributes to their sacrifice
Dissent is slowly building against the billions spent on presidential campaigns – even among politicians themselves

Follow the money as never before

Dissent is slowly building against the billions spent on presidential campaigns – even among politicians themselves, reports Rupert Cornwell
Samuel West interview: The actor and director on austerity, unionisation, and not mentioning his famous parents

Samuel West interview

The actor and director on austerity, unionisation, and not mentioning his famous parents
General Election 2015: Imagine if the leading political parties were fashion labels

Imagine if the leading political parties were fashion labels

Fashion editor, Alexander Fury, on what the leaders' appearances tell us about them
Phumzile Mlambo-Ngcuka: Home can be the unsafest place for women

Phumzile Mlambo-Ngcuka: Home can be the unsafest place for women

The architect of the HeForShe movement and head of UN Women on the world's failure to combat domestic violence