Deputy Prime Minister Nick Clegg said it was time for the EU to move to so-called “Tier 3” sanctions against Russia, which would block access to European markets for whole sectors of the Russian economy - such as gas and oil - alongside the existing “Tier 2” travel bans and asset freezes imposed on individual members of Mr Putin's inner circle.
Individual EU states should be ready to accept a short-term economic hit in order to promote the longer-term priority of restoring peace and security on the 28-nation bloc’s eastern borders, he said.
Colorado Governor John Hickenlooper took a hard stance against an initiative aimed at restricting an oil and gas drilling campaign which would generate $30billion a year for the state.
Africa-focused Trinity Exploration & Production has agreed an acquisition of 80% interest in two offshore assets in Trinidad with Centrica for $23million.
Six Britons were executed at a BP gas plant in Algeria by Islamic terrorists who were allowed to travel across the Sahara 'unhindered and unnoticed', an inquest heard.
The Scottish Carbon Capture & Storage (SCCS) welcomed a £238million monetary allotment to the White Rose CCS project.
The move will see the North Sea developed into a leading light in CO2 storage, according to Dr Vivian Scott of SCCS.
The Crown Estate, which manages the UK seabed, announced it awarded seabed rights to establish six new wave and tidal current demonstration zones throughout the UK including offshore Cornwall.
MPs are calling for a “full, independent public inquiry” into offshore helicopter safety amid fears that “a creeping complacency is affecting safety standards”.
Layers of shale in the UK that may meet decades of domestic gas demand when drilled are well below water aquifers, minimising the risk of contamination.
A study by the British Geological Survey and Environment Agency found that 92% of the shale in the Bowland basin is 800 meters (2,600 feet) under the principal water sources. In the Weald in southern England, the rock lies 650 meters below the water table.
slamic militants have seized an eastern Syrian oil field as they tighten their grip on a length of the Euphrates river stretching through Syria and Iraq.
Five oil workers have been disciplined by construction giant Petrofac for recent anti-social behaviour in Shetland, where they are building Total’s £800million gas plant.
