Shell Plc agreed to buy Morgan Stanley’s European natural gas and power trading portfolio, adding to a business that is already among the world’s bigg(...)

Last year the group recorded a contingent liability of $265 million in relation to the dispute

Irish exploration group Tullow Oil is to pay an additional $108 million (€94.7m) to the Ugandan government to settle a capital gains tax dispute. Ugan(...)

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 (...)

Burnt out: Ageing oil fields in the North Sea look very vulnerable and could face early closures and accelerated moves to decommission them

Shouting to be heard over an Arctic blast, Alistair Hope points out a dozen oil platforms, some nearby, their gas flares illuminating a heavy North S(...)

Albert Frère made his riches by buying up steelmakers in the 1950s and 1960s. Photograph: Pascal Le Segretain/Getty Images

Albert Frère, Belgium’s richest man and chief executive of Groupe Bruxelles Lambert, is to step down from the group he helped turn into Europe’s secon(...)

The European Central Bank headquarters in Frankfurt. Futures rose amid investor optimism that a weaker-than-forecast inflation report bolstered the case for the ECB to begin quantitative easing. Photograph: Ralph Orlowski/Reuters

European stocks ended higher despite paring gains in late trading, and futures rose amid investor optimism that a weaker-than-forecast inflation re(...)

Out Thursday: Marks & Spencer trading update. Photograph: Chris Radburn/PA Wire
For your diary

TODAY Indicators: Euro zone Sentix investor confidence (Jan); US Total vehicle sales (Dec); German CPI (Dec). TOMORROW Results: Leeds Group. Indicator(...)

Bank of Ireland climbed 2.21 per cent to 32.4 cents. Volumes were decent, with 292 million shares changing hands

Markets bounced back from an earlier slide as hydrocarbon and mining stocks regained some momentum following increases in oil and metals prices.Hopes(...)

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(...)

BP said in October that about $1 billion to $2 billion may be cut from the $24 billion to $26 billion of planned capital expenditure in 2015

BP has forecast about $1 billion of restructuring charges through next year as it overhauls its operations amid the crash in oil prices. “The simplifi(...)