Second largest energy supplier in bid to slash bills next year
The UK's second biggest energy supplier said yesterday it hoped to cut household energy bills early next year.
Centrica seeks £2.2bn to help fund nuclear stake
BRITISH Gas firm Centrica said yesterday it planned to tap shareholders for £2.2billion to fund the acquisition of a 25% stake in nuclear generator British Energy (BE).
Shell announces huge profits jump despite fall in production
OIL giant Royal Dutch Shell yesterday joined the profits bonanza from record prices with a 71% jump in third-quarter earnings.
Shell ends succession speculation
OIL giant Royal Dutch Shell has named Peter Voser as its next chief executive.
Anger as oil giant profits soar 148%
Oil giant BP sparked anger yesterday after posting its biggest quarterly profits haul of $10billion (£6.4bn).
BG may be on verge of Australian expansion
OIL and gas firm BG Group is reportedly in talks to boost its stake in Australia's Queensland Gas in preparation for a full bid for the company.
Waste plant could bring jobs boost
A leading oil firm's plan to open a new waste treatment plant in the north-east could create scores of jobs.
Chancellor faces challenge over ‘vindictive’ move on offshore staff
Pressure is mounting on Chancellor Alistair Darling over tax changes which could hit thousands of offshore workers.
North-east businessman taken hostage
Shell has begun downmanning facilities in Nigeria after a dramatic 24 hours of violence which saw a north-east businessman snatched from his home.
Oil prices fall to their lowest level since April
Oil prices slid to their lowest levels since April yesterday amid signs that production cartel Opec was planning to keep supply levels steady.
Westminster urged to back North Sea sector
The UK North Sea sector needs support from Westminster to encourage fresh investment and achieve its full potential, a conference heard yesterday.
Gas prices soar after leak is discovered on pipeline
UK wholesale gas prices soared by more than 14% yesterday after a leak on a North Sea pipeline prompted fears about supplies this winter.
Oil prices in four-month low
OIL prices fell to their lowest level for nearly four months yesterday amid expectations that slower world growth would reduce demand.
More call for windfall tax on oil companies
The oil industry's profits bonanza continued yesterday after surging prices helped Royal Dutch Shell to a surplus of almost £8billion for six months' trading.
Gas dividend increase sparks rage
British Gas parent Centrica added fuel to the flames over record price rises yesterday after announcing a £144.6million dividend payout for its shareholders.
Energy giant announces bumper profits as petrol prices rocket
Rocketing oil and gas prices helped BP to bumper profits yesterday as motorists continue to feel the pain at the petrol pumps.
Report critical of oil shale plans
A DRIVE to extract oil from unconventional fossil fuel sources in the face of soaring prices could have catastrophic effects on the Earth's climate, a report warns today.
Public blame ministers for higher prices at the pumps
More than one in three people in the UK believe the UK Government is primarily responsible for high fuel prices, a new poll has shown.
Oil and gas bonanza lies north of Arctic Circle
AROUND 90billion barrels of oil and a third of the world's undiscovered natural gas lie beneath an area north of the Arctic Circle, according to a new survey.
Origin urges shareholders to resist BG offer
Australian company Origin Energy urged shareholders yesterday to reject BG Group's £6.7billion hostile takeover.
Oil surges to $144 a barrel as tension mounts in Iran
The cost of oil surged to a new record near $144 a barrel yesterday as oil company bosses gathered in Madrid to discuss rocketing prices.
Piper Alpha disaster remembered
The minister who will lead the Piper Alpha commemorations said the pain of the disaster could be felt across an entire city.
Energy stocks help to keep blue chips in the black
OIL prices reached a new record high yesterday before falling back as the London market ended a volatile session in positive territory.
Legal move to delay Expro sale rejected
LEGAL moves to delay the buyout of oil and gas service company Expro International by a private-equity consortium were rejected yesterday, leaving rival bidder Halliburton out of the running.
Rising oil prices biggest inflation risk, says bank chief
Bank of England rate setters said yesterday that a further rise in oil prices posed the biggest threat to efforts to bring runaway inflation under control.