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 (...)

A training exercise of a simulated helicopter crash in the National Maritime College of Ireland. The college in Ringaskiddy and SEFtec in Carrigaline have worked together to design, manufacture, develop and operate the Grupo Stier training centre in Las Palmas. Photograph: Darragh Kane

Offshore survival training at one of southern Europe’s rapidly developing oil and gas hubs is to be provided by the National Maritime College of Irel(...)

Some investors are betting a floor has formed under the market’s seven-month-long rout

Oil giant BP has said it is to cut capital expenditure by 13 per cent to $20 billion in 2015. Last week, Chevron announced a 13 per cent cut in capita(...)

Exxon Mobil:  will reduce its share buyback programme in the first quarter by more than half to $1bn. Photograph: Jason Reed/Reuters

Exxon Mobil’s quarterly profit fell 21 per cent as weak oil prices took a toll, but results topped Wall Street expectations due to tax benefits and a (...)

Capt Sinéad Reen: security at sea, substandard ships, changing weather patterns, pollution and the trend towards “criminalisation” of ship’s captains are among issues which she will be addressing as president of the master mariners’ representative organisation

Sea captain Sinéad Reen has become the first woman to be elected president of the Irish Institute of Master Mariners. Capt Reen, who is originally fro(...)

Microsoft: results today. Photograph: Justin Sullivan/Getty Images
For your diary

TODAY Results: Crane; Microsoft; Sanmina. Meetings: Hostelworld conference (Convention Centre Dublin). Indicators: Euro zone retail sales (D(...)

Aer Lingus: the national airline closed up 1.6 per cent at €1.85 while rival Ryanair continued its strong recent run, closing up 0.5 per cent at €9.457

A drop in the value of oil and gas companies sent European stocks down for a third day after OPEC said it sees demand for crude in 2015 at the weakes(...)

In London Marks & Spencer lost 3 per cent amid signs that the retailer’s recently overhauled online service has been struggling to cope with Christmas demand

The latest signs of weakness from the Chinese economy spooked investors during a dismal start to the week for European markets.Mining stocks came und(...)

Protesters during demonstrations against fracking  in Barlad, Romania.  Photograph: Cristian Movila/The New York Times

Vlasa Mircia, the mayor of the destitute village of Pungesti in eastern Romania, thought he had struck it rich when US energy giant Chevron showed up (...)

Exploration and production-related stocks tumbled after top oil exporter Saudi Arabia cut prices to the US. Brent crude slid to near $82 a barrel – extending losses to a fourth session. Photograph: Reuters

European stocks declined for a second day, as officials cut growth forecasts for the euro region, and oil companies plunged on tumbling prices for the(...)