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
Latest stories from i100
Career Services

Day In a Page

A
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 1 May 2015
'It was first time I had ever tasted chocolate. I kept a piece, and when Amsterdam was liberated, I gave it to the first Allied soldier I saw'

Bread from heaven

Dutch survivors thank RAF for World War II drop that saved millions
Britain will be 'run for the wealthy and powerful' if Tories retain power - Labour

How 'the Axe' helped Labour

UK will be 'run for the wealthy and powerful' if Tories retain power
Rare and exclusive video shows the horrific price paid by activists for challenging the rule of jihadist extremists in Syria

The price to be paid for challenging the rule of extremists

A revolution now 'consuming its own children'
Welcome to the world of Megagames

Welcome to the world of Megagames

300 players take part in Watch the Skies! board game in London
'Nymphomaniac' actress reveals what it was really like to star in one of the most explicit films ever

Charlotte Gainsbourg on 'Nymphomaniac'

Starring in one of the most explicit films ever
Robert Fisk in Abu Dhabi: The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers

Robert Fisk in Abu Dhabi

The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers
Vince Cable interview: Charging fees for employment tribunals was 'a very bad move'

Vince Cable exclusive interview

Charging fees for employment tribunals was 'a very bad move'
Iwan Rheon interview: Game of Thrones star returns to his Welsh roots to record debut album

Iwan Rheon is returning to his Welsh roots

Rheon is best known for his role as the Bastard of Bolton. It's gruelling playing a sadistic torturer, he tells Craig McLean, but it hasn't stopped him recording an album of Welsh psychedelia
Russell Brand's interview with Ed Miliband has got everyone talking about The Trews

Everyone is talking about The Trews

Russell Brand's 'true news' videos attract millions of viewers. But today's 'Milibrand' interview introduced his resolutely amateurish style to a whole new crowd
Morne Hardenberg interview: Cameraman for BBC's upcoming show Shark on filming the ocean's most dangerous predator

It's time for my close-up

Meet the man who films great whites for a living
Increasing numbers of homeless people in America keep their mobile phones on the streets

Homeless people keep mobile phones

A homeless person with a smartphone is a common sight in the US. And that's creating a network where the 'hobo' community can share information - and fight stigma - like never before
'Queer saint' Peter Watson left his mark on British culture by bankrolling artworld giants

'Queer saint' who bankrolled artworld giants

British culture owes a huge debt to Peter Watson, says Michael Prodger
Pushkin Prizes: Unusual exchange programme aims to bring countries together through culture

Pushkin Prizes brings countries together

Ten Scottish schoolchildren and their Russian peers attended a creative writing workshop in the Highlands this week
14 best kids' hoodies

14 best kids' hoodies

Don't get caught out by that wind on the beach. Zip them up in a lightweight top to see them through summer to autumn
Robert Fisk in Abu Dhabi: The acceptable face of the Emirates

The acceptable face of the Emirates

Has Abu Dhabi found a way to blend petrodollars with principles, asks Robert Fisk