News

28/02/2014

Oil and gas employees working in Europe are now the highest paid in the global industry - largely thanks to the UK government's moves to encourage North Sea oil. Average annual pay for energy staff in the region rose 14pc year on year ... Read More

27/02/2014

UK vacancy growth is powering ahead, with the number of advertised job vacancies across the country rising 14% in the past year, according to the latest UK Job Market Report from job advertising site Adzuna. Overall the UK jobs market impr... Read More

25/02/2014

English manufacturers are poised to embark on an investment drive worth £9.68bn, to keep pace with burgeoning demand. “We’re committed to working closely with the manufacturing sector to provide a strong base for the recover... Read More

24/02/2014

In 1965, an exploration rig called Sea Gem made the first discovery of gas in the freezing cold waters of the British North Sea. Since then 42 billion barrels of oil and gas have been extracted from the UK continental shelf. Offshore oil a... Read More

21/02/2014

Anglo-Australian miner BHP Billiton said first-half net profit soared 83pc to $8.1bn on the back of strong production across its iron ore, coal and petroleum businesses. The result for the six months to December 31 was above expectations, ... Read More

19/02/2014

PROFIT warnings are supposed to come in threes, and while the market was prepared for the worst when oil services company Wood Group announced its full-year results yesterday, it needn’t have been. The company that was booted out of ... Read More

17/02/2014

Royal Dutch Shell is poised to announce the sale of three of its assets in the North Sea as the company speeds up its plan to divest $15bn (£9bn) of assets. Staff at the Anglo-Dutch oil major were briefed about the sale of the Anasur... Read More

11/02/2014

MOSCOW (Reuters) - The board of Russia's top oil producer Rosneft has approved deals to supply BP with crude oil and fuel oil worth up to $273 million, Rosneft said in a regulatory filing. Rosneft has increased direct supplies of crude oil... Read More

06/02/2014

Bombardier has won a £1bn contract to provide trains for the Crossrail project, the government has announced. The company will provide 65 trains for the Crossrail service, which is set to open in 2018. The trains will be manufac... Read More

05/02/2014

The chief executive of BP hailed the oil giant’s “best year in exploration for a decade” as he waded into the row over Scottish independence and disclosed a further $200m (£123m) of charges for 2010’s Gulf of Mexico o... Read More

04/02/2014

BP said on Tuesday that net profits more than doubled last year, compared with the outcome in 2012 when it faced huge fines from the 2010 Gulf of Mexico oil spill disaster. Earnings after taxation soared to $23.451 billion (17.332 billion euro... Read More

03/02/2014

LONDON (Reuters) - The swift upturn in British factory activity eased slightly in January but orders from home and abroad flooded in at a faster rate, a survey showed on Monday, boding well for Britain's economy at the start of the year. M... Read More

01/02/2014

Lord Browne, the chairman of Cuadrilla, has said it will take at least five years and up to 40 fracking wells to discover whether the UK has a viable shale gas industry. The drilling company last month abandoned plans for future fracking i... Read More