North Sea oil and gas production could decline by as much as 22pc this year - the biggest annual slump on record as maintenance on ageing infrastructure hits operations, the industry body has warned. Oil & Gas UK said it now expected avera... Read More


NEW DELHI, Aug 13 (Reuters) - Tata Steel Ltd's quarterly profit nearly doubled as costs at India's top steelmaker by market value fell sharply, making up for a dip in sales. Net income rose to 11.39 billion rupees ($186 million) from 5... Read More


French energy group GDF Suez has bought British construction firm Balfour Beatty's WorkPlace (BBW) division, which specialises in energy services, for €220m, according to reports. GDF Suez chief executive Gerard Mestrallet told France... Read More


PARIS, Aug 6 (Reuters) - European planemaker Airbus said it won 932 gross aircraft orders in the first seven months of the year, already beating its 2012 tally and taking it closer to its full-year target for more than 1,000 passenger jet orders. ... Read More


Oil and gas production will continue in the North Sea for decades, the chairman of Shell UK has forecast. Ed Daniels says in an interview in The Daily Telegraph that the UK arm of Royal Dutch Shell, will continue to have a major presence in No... Read More


(Reuters) - Boeing Co posted a better-than-expected 13 percent jump in quarterly profit after delivering more commercial jets, shrugging off concerns about the 787 Dreamliner and sending its shares up 1.6 percent to an all-time high. The compa... Read More