Outgoing US President Barack Obama has permanently banned offshore oil and gas drilling in the vast majority of US-owned northern waters... READ MORE›
GE will contribute 7.4 billion to fund a special dividend of 17.50 a share to Baker Hughes stockholders... READ MORE›
In 2011, Qatar and South Korea were the only countries outside Europe and North America in the group of countries with highest internet penetration... READ MORE›
The early signs are that Middle East suppliers will prioritize Asia, pushing competitors in Africa and the Americas to keep cargoes in the Atlantic region... READ MORE›
The Kazakh currency advanced 0.3 percent to 330.45 tenge per dollar in Almaty, the strongest since June... READ MORE›
Related Stories Royal Dutch Shell is reviving plans to drill for oil in the Arctic in a move likely to intensify its battle with environmentalists... READ MORE›
Oilsands too important to phase out Trudeau's comments last week caused a political tempest in Alberta, but not much of a ripple in the business community... READ MORE›
It was flying from the Gullfaks oil field to Bergen, a centre for the North Sea oil and gas industry... READ MORE›
Meanwhile, BP said it is working to completely evacuate a North Sea oil field because a barge is drifting out of control in the turbulent seas... READ MORE›
George Osborne gave the fossil fuel sector another 430m in tax breaks in his autumn statement... READ MORE›
That the North Sea oil and gas industry was in trouble even before the dramatic fall in oil prices that started in August last year... READ MORE›
Only one supertanker, Front Ariake, remains floating with North Sea crude off the coast of England... READ MORE›
Failures of these bolts could result in an oil spill on the scale of the Deepwater Horizon disaster ... READ MORE›
The OECD estimates that this type of support for fossil fuels within its member states is 160-200bn ?109-136bn each year... READ MORE›
Norman Kerr, director at the charity Energy Action Scotland, told Good Morning Scotland that more needs to be done to tackle fuel poverty... READ MORE›
The value of Brent crude loading in three months is about 1 per barrel higher versus cargoes for two months ahead... READ MORE›
He hopes that fracking in the UK can make up for diminishing North Sea resources and be a major source of energy... READ MORE›
Four Italians have been kidnapped near the oil and gas port of Mellitah in Libya, the Italian foreign ministry has announced... READ MORE›
There was also support for higher energy costs, if it meant Canada was taking action on climate change and the environment... READ MORE›
Total follows BP with 670,000 barrels a day of output in the countries, according to Rystad... READ MORE›
NEW YORK-- Oil producer BP plans to slash more than 4,000 jobs over the next two years as oil prices plummet... READ MORE›
Royal Dutch Shell RDSa.L has also announced a further 5 billion in spending cuts if its planned takeover of BG Group BG.L goes ahead... READ MORE›
We want a golden relationship with China that will help foster a golden decade for this country... READ MORE›
All three major British political parties have already set out differing proposals on extra powers for Scotland if it rejects independence... READ MORE›
North Sea oil platforms evacuated after loose barge drifts in rough seas... READ MORE›
On Friday CEOs of 10 leading oil companies came together to commit to tackle climate change ahead of the Paris COP21 summit later this year... READ MORE›
Walker said Anadarko is frequently outbid for assets by private equity companies who have raised billions to invest in the sector... READ MORE›
That may mix up the needs of northwest European or Mediterranean refiners which may be able to take some U.S. (crude) if it works," another refiner said... READ MORE›
Post to Facebook Helicopter carrying 14 crashes in Norway A helicopter carrying aroundA 14 people crashed Friday near theA Norwegian city of Bergen, police said... READ MORE›
The Chinese data showed that the world's second-biggest economy was supportive of higher oil prices... READ MORE›
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