Redundancies come as analysts say crude could bottom out at just $10 a barrel
Statoil and China Oilfield Services Limited confirmed the incident
The World Wildlife Fund warned the size of the fine would 'do little to deter future poor behaviour'
Exclusive: Ships anchored just a few miles away are unable to land their cargo with the firm's owner unable to pay
An initial bulletin detailing the basic events of the Glasgow pub helicopter crash could well be issued soon by the Air Accidents Investigation Branch (AAIB) team.
Even before you've consulted the car park signs, you just know this hump-backed wood heaves with history. There's something about its location that speaks of ancient concerns: positioning, clear lines of vision, the importance of higher ground. Then, as my wife dons a pack and I lift my son on to my shoulders, we pass information boards that confirm it. Stone Age man quarried here; by the Bronze Age, it had been re-imagined as a resting spot for chieftains. One look around and you understand why.
Six-week protest outside a potential fracking site in West Sussex village dealt a blow as eviction order is served
Day of alcohol and drugs ended with fatality as the ill painter slept, inquest hears
The unseasonably cold weather in southern areas and the Midlands will make way for a dry and sunny Bank Holiday weekend, forecasters said.
Many finances can be DIY, but retirement income needs an expert eye
Bad weather and rough seas meant their overnight ferry arrived 13 hours late at its destination.
Families may be forced to turn off heating as their gas bills soar
Some parts of the country will struggle to get above freezing on Wednesday and Thursday
Independence plans for Scotland rely heavily on gas and oil revenue
Public sector finances suffered from a 20 per cent fall in corporation tax receipts from business while public spending rose by 5 per cent, fuelled by higher benefit payments
Weather warnings issued by the Met Office as summer storm hits the UK