Shell profits soar by a fifth on oil price hikes

Profits at Royal Dutch Shell soared by 18 per cent to $3.5bn (£2.2bn) in the third quarter thanks to rising production and sharp rises in the oil price.

Investment Column: Investors should hold Aggreko's power

Croda International; Hansen Transmissions

Treasury cheer as dividends rise for first time in a year

Dividends are growing for the first time in more than a year, Capita Registrars will reveal today. The 1.6 per cent rise in the third quarter of 2010 follows five consecutive quarters of decline, the firm's dividend monitor has found.

David Prosser: The oil lobby secures a speedy triumph

Outlook How quickly we forget. Three months ago, the world watched with fascination and horror as a series of BP failures to cap its leaking Gulf of Mexico well saw it become public enemy number one in the US, prompting President Obama to announce a moratorium on deepwater drilling.

Deep-water oil drilling ban lifted in Gulf of Mexico

The Obama administration has lifted the six-month moratorium on deep-water oil drilling in the Gulf of Mexico that was imposed after the BP oil spill in April.

White House 'muzzled own scientists over oil spill fears'

The White House was facing allegations yesterday that it had muzzled its own scientists in the early days and weeks of the Deepwater Horizon oil spill so that the public would be ignorant of the potential scale of the environmental disaster that was unfolding.

BP set to avoid US ban on drilling in Gulf of Mexico

BP has signed over six key Gulf of Mexico oil and gas assets as collateral for the $20bn (£12.6bn) compensation fund set up for victims of the Deepwater Horizon disaster, the oil giant revealed yesterday.

BP oil spill clean-up bill hits £7.1bn

The clean-up bill for the Gulf of Mexico oil spill has risen to 11.2 billion US dollars (£7.1 billion), BP said today as new boss Bob Dudley officially takes up the reins.

BP crack downs on safety in major shake-up

Head of exploration division at time of Deepwater Horizon explosion to leave

David Prosser: Dudley prepares for stage two of thegreat BP clean-up

Outlook It is known in business as the "kitchen sink" strategy and for the new boss of a company with problems, it is an attractive proposition. On day one in the job, you dramatically announce you're chucking out everything that went before (including the kitchen sink) under the discredited management, in favour of new arrangements you will supervise personally. Goodbye tarnished brand, hello shiny new image.

Storm chaser who swapped North-east for the Midwest

Roger Coulam tells Jonathan Brown how tornadoes pulled him out of Sunderland

New BP boss Bob Dudley announces major overhaul

BP's incoming chief executive took the first steps in rebuilding shattered confidence in the group today as he announced plans for a new safety division with "sweeping powers".

A new oil rush as Cairn Energy reports first find off Greenland

Cairn Energy has struck oil off the coast of Greenland, just weeks after an earlier exploration well found traces of gas in the region.

Leak is plugged but storm has not abated for BP

The oil giant faces a difficult few years as compensation claims are settled, inquiries report and the safety regime is tightened. Sarah Arnott reports

Oil spill costs BP $6bn so far

Oil giant BP today said the Gulf of Mexico disaster had cost it 9.5 billion US dollars (£6.1 billion) so far as it confirmed the leaking well had been stopped for good.

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