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BP seeks lower penalty for 2010 oil spill

Group says disaster payout should reflect crude price fall

Watchdog hits PwC with 2 separate probes

Investigation relates to audit clients Tesco and Barclays

Iran will not seek diplomatic ties with US

Nuclear negotiations stand alone, says top security official

Britons shift spending towards luxuries

Low inflation and grocery price war enable splurge

The fat lady sings for Earls Court

Demolition work has started on the classic 1930s’ venue English Heritage declined to list

Pakistan court halts militants’ executions

Lawyer says client was not provided details on death sentence

Kingfisher sells 70% stake in China B&Q

Latest in a string of reversals for foreign retailers in mainland

Sebsi claims victory in Tunisia election

Opponent refuses to concede defeat until official results

Afren
C te d Ivoire: Gulftide Production Facility
PR images from Afren Press Website

Seplat and Afren in talks over oil merger

A deal would create a $2.8bn Nigeria-focused energy group

Scotland, UK --- Flaring a well signals huge success for Amerada Hess in this discovery well that produced at the rate of 10,000 barrels of oil per day. It was the biggest find in the Scottish sector of the North Sea in over a decade. On exploration wells there is no way to contain out-flowing gas and oil without risking an explosion, so hydrocarbons are shot out into the atmosphere and ignited. A test burn like this will last several hours to be sure the rate of flow is sustainable before a company will invest millions to lay an underwater pipeline and bring in a production platform. --- Image by © George Steinmetz/Corbis
©George Steinmetz/Corbis

Oil rout undermines Scots’ Yes finances

Study shows North Sea revenue would be fifth of Holyrood forecast

Record number of rich Russians head to UK

Investor visas up 69% this year as Moscow economic woes worsen

Comment and Analysis

Winning White House race will cost $1bn

A crowded field is already jostling to replace Obama in 2016

A guest looks towards the Teton Mountains from the Jackson Lake Lodge in Teton National Park near Jackson Hole, Wyoming, U.S
©Andrew Harrer/Bloomberg

A year in a word: Peak

The humble word has become a fully-fledged ‘thing’, writes Jonathan Ford

On Cuba, no side has got it right

It is strange that the island is still a focal point of US foreign policy, says Cardiff Garcia

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