News

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

Gas sale means BG will miss output target

Shares in BG Group tumbled today after the former exploration arm of British Gas warned that it would not hit its production target of more than one million barrels of oil equivalent a day by 2015.

Shell sets its sights on a leading role in fracking

Oil giant posts profit slide, reveals $90m Arctic rig hit and confirms its interest in UK shale gas deal

Shell feels chill of Arctic problems

Oil giant's profit to soar as price rises and China booms

Editorial: We must not talk ourselves into a 'triple dip'

Yesterday's keenly awaited GDP figures allowed the doom-mongers to forecast that the UK was headed for a "triple-dip" recession, if we were not in one already. The Chancellor, at the World Economic Forum in Davos, professed himself disappointed with the news, even as he vowed to press on with Plan A.

Market Report: Kenyan gossip lifts Tullow and Afren

Hot gossip flown in from northern Kenya warmed up chilly London and sent shares in oil explorers Tullow Oil and Afren to the top of the charts today.

Freed British hostages, identified only as Peter and Alan, near the site at In Amenas, Algeria, yesterday

Homecoming survivors speak of relief, and fear for those left behind in Algeria

Two of the workers killed in the terrorist attack on the Algerian natural gas site were employees of a British private security firm responsible for maintaining the safety of the base. One was named yesterday as Yann Desjeux, 52, a former French special forces soldier in overall charge of security at the In Amenas site. The second was a Briton travelling in a coach that was attacked by Islamist fighters as it approached the gates of the gas complex. He had not been named at the time of going to press yesterday.

Tullow in a dive as dry holes take toll

Shares in Tullow Oil tumbled by 3 per cent after the FTSE 100 explorer announced a $670m (£417m) write-off for 2012 to cover the cost of dry holes and licence relinquishments.

Market Report: Morgan Stanley puts power into Punch

Punch Taverns jumped yesterday after it emerged that Morgan Stanley had hiked its stake in the troubled UK pub owner to 12 per cent. Against a backdrop of discussions with investors about restructuring the business, shares in Punch rose as much as 8.6 per cent in the morning as Morgan Stanley revealed it had increased its stake by 10 per cent to 76.5 million shares. They declined later but still ended up 1.9p, or 2.5 per cent, at 7.6p.

Fracking: Why the controversial gas extraction process is causing widespread concerns

Opposition to fracking has intensified in recent years over fears the controversial gas extraction process could poison drinking water and cause major environmental damage.

China buys up BHP stakes in Australia

China yesterday stepped up its worldwide hunt for gas to keep its 1.3 billion population warm.

Angry campaigners hi-jacked Waitrose’s Facebook page, challenging the chef over Shell’s plans to drill for oil in the Arctic

How do you marinate a polar bear? Greenpeace protesters hi-jack Delia Smith online Q&A

There aren’t many culinary queries that can stump Delia Smith. “How do I marinate a polar bear?” appears to be one of them.

Balls said the Chancellor could not claim 'we're all in this together'

'It is not the rest of the world's fault': Balls joins in blame game

Jeers for shadow Chancellor after error in attack on Coalition's economic strategy

Fracking expansion in UK would leave Coalition's green credentials 'in tatters', say campaigners

Anti-fracking campaigners will deliver a letter to 10 Downing Street as protests take place in London today.

Talks on new climate pact start in Qatar

Attempts to create a new climate treaty failed in Copenhagen three years ago

BP slapped with record $5bn fine over Gulf of Mexico oil disaster

BP will pay the biggest criminal penalty in US legal history by some distance after reaching a $4.5bn (£2.9bn) settlement with American authorities over the Gulf of Mexico spill.

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Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
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Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
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'If we lose touch we’ll end up with two decades of the Tories'

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