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    1. NEW

      9:51AM

      Petrobras scandal set to snare politicians

      Brazil’s attorney-general has requested Supreme Court approval to investigate 54 people, mostly politicians whose names have...

    2. 4 hours ago

      Afren defaults on $15m interest payment

      Afren, the London-listed Africa oil and gas explorer, has defaulted on a $15m interest payment as it pursues a restructuring...

    Special Reports

    1. Oil & Gas 2012

      An increase in opportunities has galvanised the energy world...
    2. Oil Industry 2013

      A shift on the part of US independents, many of which have been under pressure from sh...
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    1. 18 hours ago

      BP chief received 25% pay rise even as profits fell

      Bob Dudley, chief executive of BP, received a 25 per cent rise in total pay and bonuses last year, in spite of deteriorating...

    2. 19 hours ago

      Exploration interest in Mexican oil rises despite price fall

      Oil companies had waited nearly 80 years to invest in oil and gas exploration in Mexico and the government had overcome...

    3. 22 hours ago

      The riches and perils of the fossil-fuel age

      Our ancestors lived in eras we call the Stone Age, the Bronze Age and the Iron Age. Ours is the “fossil-fuel age”. The...

    4. March 3, 2015

      Commodities explained: Hedging oil volatility

      The plunge in oil prices has strained the balance sheets of drillers and reduced costs for airlines. One way that companies...

    5. March 3, 2015

      Iran hit by Indian crude purchase cuts

      The amount of Iranian oil stored on tankers is rising. At 4.4m tonnes, or close to 37m barrels, this is the most — aside...

    6. March 3, 2015

      Glencore’s Glasenberg forecasts ‘blowout’ year for oil trading

      The oil trading operations of Glencore could “blow out the lights” with a strong performance if market trends continue this...

    7. beyondbrics

      March 2, 2015

      Mexico's energy reform: do the numbers add up?

      Mexico’s oil liberalisation is now well under way, with a second lot - nine fields grouped into five blocks now being put up...

    8. March 2, 2015

      Oligarch’s oil deal caught in sanctions crossfire

      Fridman’s North Sea oil deal As first days at work go, Monday was eventful even by the standards of someone as experienced...

    9. beyondbrics

      March 2, 2015

      Facing up to cheap oil: a tale of Latin America's two Opec members

      Last week Diezani Alison-Madueke, Nigeria’s oil minister and the president of Opec, called for an extraordinary meeting of...

    10. March 2, 2015

      Oil jitters on Canada’s campaign trail

      Susan Jaksich has a sharp sense of the economic jitters that will frame Canada’s general election this year as the real...

    11. Nick Butler

      March 2, 2015

      New lines in the sand - who will win as the borders of the Middle East are redrawn?

      The borders drawn by Churchill and other politicians in the aftermath of the First World War have shaped the Middle East for...

    12. March 2, 2015

      Oil price fall keeps eurozone inflation in negative territory

      The fall in oil prices kept eurozone inflation in negative territory last month. Consumer prices in the currency area fell...

    13. March 1, 2015

      Wood Mackenzie seeks £2bn listing

      Wood Mackenzie is preparing for a stock market listing in which the UK energy research consultancy would seek a valuation of...

    14. March 1, 2015

      European companies boosted by fall in oil price and euro

      European companies are finally showing signs of benefiting from the economic recovery in the region, with many getting an...

    15. March 1, 2015

      Mikhail Fridman in legal threat over North Sea block

      Russian billionaire Mikhail Fridman has threatened legal action against the British government over its plans to block his...

    16. March 1, 2015

      Vedanta to cut debt burden despite oil price plunge

      London-listed Vedanta Resources plans a dramatic reduction in debts and curbs in capital spending, as the India-focused...

    17. February 27, 2015

      Browne makes dealmaking comeback

      Lord Browne, the former chief executive of BP, is to take charge of a $10bn oil and gas group backed by Russian billionaire...

    18. February 27, 2015

      Small-cap Week, February 28

      A bear raid meant Tungsten Corporation was among the week’s biggest fallers. The Aim-listed invoicing software maker dropped...

    19. February 27, 2015

      Pemex losses grow amid low oil price

      Clobbered by plunging oil prices and foreign exchange volatility, Mexico’s state energy company, Pemex, reported what it...

    20. February 27, 2015

      Number of drilling rigs slashed in US

      The number of rigs drilling for oil in the US has dropped to its lowest level since June 2011, as the slump in oil prices...

    21. February 27, 2015

      Oil set for biggest monthly rise in 6 years

      Brent crude futures were primed for their biggest monthly rise since May 2009 on the back of upbeat demand coinciding with...

    22. February 27, 2015

      BASF cautious about prospects as chemical division buoys group

      BASF struck a cautious note on its prospects for the coming year, as the German chemicals company released fourth-quarter...

    23. February 26, 2015

      Rig idling near 20-year high, say drillers

      Offshore oil drillers have warned that the number of deepwater rigs “stacked” or scrapped is set to hit a two-decade high —...

    24. beyondbrics

      February 26, 2015

      Western oil firms struggle over payment for Kurdish oil

      You’ve sunk your wells, started drilling; have extracted tens of millions of barrels of oil for export. But a year down the...

    25. February 26, 2015

      Texas shale boom town ‘hurting bad’ in oil slump

      Two young women circulate around a bar in Carrizo Springs, drawing stares and chatting to oilfield workers. Moving among the...

    26. February 26, 2015

      Ghana reaches $1bn deal with IMF

      Ghana has reached a long-awaited $1bn agreement with the International Monetary Fund to shore up an economy hit by falling...

    27. February 26, 2015

      GDF Suez hit by oil price decline and warm weather

      GDF Suez profits dropped last year amid falling oil prices, unusually warm weather in Europe and lower electricity prices,...

    28. February 26, 2015

      BHP highlights shale productivity gains

      When BHP Billiton added to its US shale operations four years ago with the $15bn acquisition of Petrohawk it was quick to...

    29. February 26, 2015

      Repsol weathers crude price plunge

      Repsol is to cut spending on oil exploration after the Spanish energy group weathered the plunge in crude prices to report a...

    30. February 25, 2015

      Moody’s cuts Transocean to junk

      Transocean, one of the world’s largest offshore drilling contractors, has had its debt cut to junk by Moody’s because of the...

    31. February 25, 2015

      North Sea oil: That sinking feeling

      Shouting to be heard over an Arctic blast, Alistair Hope points out a dozen oil platforms, some nearby, their gas flares...

    32. February 25, 2015

      Rise in US oil stocks drives spread wider

      The difference between US and global oil prices rose to the highest level in almost a year following data that showed a...

    33. February 25, 2015

      Brazil hit by Petrobras downgrade

      Brazilian bonds, equities and currency were rocked on Wednesday after Moody’s cut its ratings of state-controlled oil...

    34. February 25, 2015

      Petrofac confident of weathering oil sector woes despite charges

      Pre-tax profits at Petrofac fell by more than three-quarters last year to $171m after the UK oil services company booked...

    35. February 25, 2015

      Gulf Keystone Petroleum shares jump on sale talks

      Shares in Gulf Keystone Petroleum jumped as much as 70 per cent on Wednesday after the financially stretched oil explorer...

    36. February 25, 2015

      Weir leads FTSE fallers after warning

      The FTSE 100 was lower in early trade on Wednesday after its late advance into record territory in the previous session,...

    37. February 25, 2015

      Weir under pressure from low oil price

      Keith Cochrane knows tough times lie ahead. This was brought home on Wednesday after the chief executive of Weir Group...

    38. beyondbrics

      February 25, 2015

      Guest post: sub-Saharan Africa's sovereign wealth funds struggle in era of low oil

      By Ryan Olson, The Heritage Foundation For several years, now, Sub-Saharan Africa’s largest oil producing states have been...

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