Philip O’Quigley, chief executive, Falcon Oil & Gas: “Shareholders don’t want to wait 20 years for a payback. We’re setting ourselves up to sell. Ultimately, that’s what we want to do.” Photograph: Dara Mac Dónaill

Philip O’Quigley, the chief executive of Falcon Oil & Gas, leans back in his chair on the balcony outside his Dublin office, balancing it momen(...)

‘It was not at all surprising to read that a study of the Forbes list of the world’s wealthiest, just like previous studies of top chief executives, revealed their most common field of study, by some margin, was engineering.’ Photograph: Thinkstock

The tantalising headline caught my eye some weeks ago: “What degree should you study to become a billionaire? The result might surprise you.” But it w(...)

 Royal Dutch Shell chief executive Ben van Beurden. In London, the company’s shares fell 2.1 per cent, trimming nearly 10 points off the FTSE 100.  Photograph:  Benoit Tessier/Reuters

European stocks slid, erasing a weekly gain, amid increasing concern that Greece’s efforts to renegotiate its debt and stay in the single currency (...)

 Nicolas Hulot, the French president’s envoy, said there was a new awareness on the part of the world’s two biggest sources of greenhouse gas emissions. Photograph: Frederic Stevens/Getty Images

When asked what is at stake in next December’s COP 21 conference on global warming, Nicolas Hulot quotes a participant at a recent climate change gath(...)

Shell believes Arctic production can be competitive if the reserves it finds are large enough

Oil reserves that Royal Dutch Shell hopes to find in the Arctic are unlikely to be brought into production before the 2030s because of the difficulty (...)

In New York, Apple gave the biggest boost to the Nasdaq and the S&P 500 with a 1.2 per cent increase to $126.66. Photographer: Billy HC Kwok/Bloomberg

It was a quiet day of trading yesterday as most markets across continental Europe remained closed for the May Day holiday. The Iseq in Dub(...)

A section of the BP Eastern Trough Area Project  oil platform is seen in the North Sea. BP reported a sharp fall in profits for its first quarter.

BP, Europe’s second-biggest oil company, reported first-quarter profit that beat analysts’ estimates as earnings from refining and trading offset lowe(...)

Ingredients and convenience food group Kerry climbed 1.67 per cent to close at €67.50

European stocks declined yesterday, breaking a five-day advance, as banks slid. DUBLIN Permanent TSB’s announcement that it is planning to seek a pri(...)

 Royal Dutch Shell is in advanced talks for a possible takeover with British BG Group, the former British Gas. (Photograph: ANDY RAIN/EPA)

Royal Dutch Shell has agreed to buy smaller rival BG Group for $70 billion in the first oil super-merger in more than a decade to close the gap with t(...)

A crude oil storage tank  at the Enbridge Inc Cushing storage terminal in Cushing, Oklahoma, US. Photograph: Daniel Acker/Bloomberg

The world’s largest oil and gas groups shed more than a billion barrels of reserves in 2014, the sharpest decline in at least six years, according to (...)