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 (...)

 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 (...)

Eldar Saetre, acting chief executive officer of Statoil ASA. Norwegian companies including Statoil ASA and global behemoths with Norwegian units, such as ConocoPhillips, are gearing up for the biggest investment cuts the Nordic nation has seen since 2000.  (Photographr: Krister Soerboe/Bloomberg)

When Joergen Langaunet started as a project planner at offshore engineer Aker Solutions ASA in 2012, he worked a lot of overtime. Norway’s oil industr(...)

Chris Finlayson, chief executive of BG Group, who departed post-profit warning. Photograph: F Carter Smith/Bloomberg

Britain’s BG Group rushed in its new chief executive nearly a month early on Monday after reporting a $6 billion writedown last week that underlined t(...)

Statoil chief executive Eldar Saetre: said the company is moving ahead with projects already sanctioned. Photograph: Leon Neal/AFP/Getty Images

Norwegian oil company Statoil today vowed to protect dividend payments and said it was braced for a long period of depressed crude prices as it set ou(...)

Topaz is acquiring a distribution business and a half share in a terminal in Dublin Port, where it already owns another

Topaz’s plunge for Esso Ireland looks like it will be the first big test for the newly minted Competition and Consumer Protection Commission (CCPC).So(...)

A Statoil carbon-capture unit in the North Sea. Photograph: Brian Vander Brug/Los Angeles Times

Radical plans to capture carbon dioxide (C02) and store it in underground reservoirs, instead of belching it into the atmosphere, were outlined in Bon(...)

Concepts for utilising wave power: floating bodies, buoys, oscillating shutters or tidal power plants Concepts for utilising wave power: floating bodies, buoys, oscillating shutters or tidal power plants. From top left: Dr Patrick Walsh from the department of mechanical and automobile engineering in Limerick; former minister for energy and natural resources Pat Rabbitte; and Conor Haughey, chairman of the Irish Wave Energy Developer’s Association

We used to be considered the edge of the world. A scary place. Now our position on the edge of the North Atlantic Ocean is a status symbol. At every s(...)

British prime minister David Cameron (left) talks with employees during a tour of the BP ETAP (Eastern Trough Area Project) oil platform in the North Sea, 100 miles east of Aberdeen, in February. The fate of North Sea oil revenues is a key issue ahead of the September 18th referendum to decide whether Scotland will end its 300-year-old union with England. Photograph: Andy Buchanan/Getty

Aberdeen in the northeast of Scotland, in the words of one oil executive who has experienced some of the toughest regions on earth, may not be the (...)