News

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

US Independence: Shale gas helps make it self-sufficient in energy

US to become world leader in oil and gas thanks to fracking

The United States will leapfrog Saudi Arabia and Russia to become the world's biggest producer of oil and gas in the next five years as the controversial practice of "fracking" for hydrocarbons contained in shale rocks has enabled the country to increase production massively, according to an authoritative new report.

Squeezing out the last few drops out of the UK's oil industry

Petrol sale slumps have left oil refineries on the brink of closure, reports Mark Leftly

Last Night's Viewing: Secret State,Channel 4
Comic Strip Presents...Five Go to Rehab, Gold

It's quite a cheeky touch to open your four-part political thriller with the question "Seen enough?" Who, after all, could answer "Yes" that early in the day, particularly as Secret State, Robert Jones's very free adaptation of Chris Mullin's thriller A Very British Coup, opens with a tantalising vision of local apocalypse. A pair of very shiny shoes is crunching through the cinders of a disaster zone – revealed, when the camera pulls back, as a blasted Northern town.

Oil prices rise as US refineries restart after Hurricane Sandy

The restart of refineries in the storm-hit northeastern United States gave a small boost to crude oil prices on Thursday.

London listing for Russian seismic data analyst

IG Seismic Services is set to become the latest Russian company to float in London after the geophysical data analyst, chaired by a former first deputy governor of the resource-rich Komi Republic, announced a $200m (£124m) listing.

BG Group shares sink 14 per cent as output forecast gives causes for alarm

Shares in BG Group fell by 14 per cent to hit a two-year low yesterday after the gas producer that was spun out of British Gas admitted that its 2013 production forecasts were wrong and told the City not to expect any growth next year.

Floodwaters from superstorm Sandy surround homes in South Bethany, Delaware

Oil prices rise on Superstorm Sandy threat

Oil prices rose today after a Superstorm Sandy caused havoc across the north-eastern US and threatened to inflict more damage inland.

Superstorm Sandy may cost States up to $50bn as stock exchange stays shut

First time bad weather has shut NY market for two consecutive days since 1888

Shell fired up for Fram gas boost

Shell said that its Fram field in the North Sea would be up and running within three years and will provide 5 per cent of Britain's gas at peak production, after winning government approval for the project.

BP and Rosneft reveal details of £17bn Russian oil deal

Rosneft has agreed to buy BP's 50% stake in its troubled TNK-BP joint venture

BP due to announce £17bn deal with Rosneft

BP could unveil a $28bn (£17bn) deal with the Russian state-controlled oil group Rosneft as early as today.

BP and Rosneft in talks to finalise details of £17bn Russian oil deal

BP could unveil a $28bn (£17bn) deal with the Russian state-controlled oil group Rosneft as early as today.

Rosneft's TNK-BP takeover set to create biggest oil firm

Rosneft was on course to buy both halves of the TNK-BP Russian joint venture for an estimated $56bn (£35bn) last night after holding audacious overlapping takeover talks with the owners, BP and the AAR consortium.

Total warns about 'inaccurate' oil prices

With the fires from the Libor scandal still burning, the temperature is rising in the oil markets amid mounting concerns that this could be the next of the City's dark corners to blaze into life.

Total sounds a warning on 'inaccurate' oil prices

After Libor, the French giant's concerns could ignite latest scandal in markets
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Independent Travel
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 15 May 2015
Is this the future of flying: battery-powered planes made of plastic, and without flight decks?

Is this the future of flying?

Battery-powered planes made of plastic, and without flight decks
Isis are barbarians – but the Caliphate is a dream at the heart of all Muslim traditions

Isis are barbarians

but the Caliphate is an ancient Muslim ideal
The Brink's-Mat curse strikes again: three tons of stolen gold that brought only grief

Curse of Brink's Mat strikes again

Death of John 'Goldfinger' Palmer the latest killing related to 1983 heist
Greece debt crisis: 'The ministers talk to us about miracles' – why Greeks are cynical ahead of the bailout referendum

'The ministers talk to us about miracles'

Why Greeks are cynical ahead of the bailout referendum
Call of the wild: How science is learning to decode the way animals communicate

Call of the wild

How science is learning to decode the way animals communicate
Greece debt crisis: What happened to democracy when it’s a case of 'Vote Yes or else'?

'The economic collapse has happened. What is at risk now is democracy...'

If it doesn’t work in Europe, how is it supposed to work in India or the Middle East, asks Robert Fisk
The science of swearing: What lies behind the use of four-letter words?

The science of swearing

What lies behind the use of four-letter words?
The Real Stories of Migrant Britain: Clive fled from Zimbabwe - now it won't have him back

The Real Stories of Migrant Britain

Clive fled from Zimbabwe - now it won’t have him back
Africa on the menu: Three foodie friends want to popularise dishes from the continent

Africa on the menu

Three foodie friends want to popularise dishes from the hot new continent
Donna Karan is stepping down after 30 years - so who will fill the DKNY creator's boots?

Who will fill Donna Karan's boots?

The designer is stepping down as Chief Designer of DKNY after 30 years. Alexander Fury looks back at the career of 'America's Chanel'
10 best statement lightbulbs

10 best statement lightbulbs

Dare to bare with some out-of-the-ordinary illumination
Wimbledon 2015: Heather Watson - 'I had Serena's poster on my wall – now I'm playing her'

Heather Watson: 'I had Serena's poster on my wall – now I'm playing her'

Briton pumped up for dream meeting with world No 1
Wimbledon 2015: Nick Bollettieri - It's time for big John Isner to produce the goods to go with his thumping serve

Nick Bollettieri's Wimbledon Files

It's time for big John Isner to produce the goods to go with his thumping serve
Dustin Brown: Who is the tennis player who knocked Rafael Nadal out of Wimbeldon 2015?

Dustin Brown

Who is the German player that knocked Nadal out of Wimbeldon 2015?
Ashes 2015: Damien Martyn - 'England are fired up again, just like in 2005...'

Damien Martyn: 'England are fired up again, just like in 2005...'

Australian veteran of that Ashes series, believes the hosts' may become unstoppable if they win the first Test