Fourth quarter profits declined to $2.1 billion from $7.3 billion a year earlier
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Tuesday 05 February 2013
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.
Thursday 31 January 2013
Sunday 27 January 2013
Saturday 26 January 2013
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.
Wednesday 23 January 2013
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.
Sunday 20 January 2013
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.
Friday 11 January 2013
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.
Friday 28 December 2012
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.
Thursday 13 December 2012
Opposition to fracking has intensified in recent years over fears the controversial gas extraction process could poison drinking water and cause major environmental damage.
Wednesday 12 December 2012
China yesterday stepped up its worldwide hunt for gas to keep its 1.3 billion population warm.
Saturday 08 December 2012
There aren’t many culinary queries that can stump Delia Smith. “How do I marinate a polar bear?” appears to be one of them.
Wednesday 05 December 2012
Jeers for shadow Chancellor after error in attack on Coalition's economic strategy
Saturday 01 December 2012
Anti-fracking campaigners will deliver a letter to 10 Downing Street as protests take place in London today.
Monday 26 November 2012
Attempts to create a new climate treaty failed in Copenhagen three years ago
Friday 16 November 2012
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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