Emirates National Oil, owner of 53 per cent of Dragon, said it intends to offer 735 pence a share, a premium of 44 per cent from March 13th, the day before the talks were initially disclosed. Photograph: Finbarr O’Rourke

Emirates National Oil Co. proposed to buy the shares in Dragon Oil Plc it doesn’t already own, valuing the Dubai-based producer at about £3.6 billion (...)

Dragon Oil said it had seen average gross production in the Cheleken Contract Area rise about 23 per cent to 88,700 barrels of oil per day in the first quarter of the year. Photograph: Daniel Acker/Bloomberg

International oil and gas exploration firm Dragon Oil said it was continuing to aim for a target of 100,000 barrels of oil per day by the end of this (...)

Russian president Vladimir Putin: declared his ambition to forge the Eurasian Union in 2011. Photograph: Alexei Nikolsky/AFP/Getty Images

A new four-nation economic bloc appeared at the start of 2015, promising free movement of goods and services across an area that is home to more than (...)

Petroceltic chief executive Brian O’Cathain. Photograph: Eric Luke

Dragon Oil made its ambitions for north Africa clear yesterday when it made a tentative €627 million offer for fellow Dublin-listed explorer Petrocelt(...)

This document brings our countries to a new stage of integration, says Russia’s president Vladimir Putin. Photograph:  Sergei Karpukhin/Reuters

Russian president Vladimir Putin signed a treaty with Kazakhstan and Belarus yesterday creating a vast trading bloc which he hopes will challenge the (...)

Russia’s Vladimir Putin and China’s Xi Jinping at a signing ceremony for a long-awaited agreement for Gazprom to supply gas to China. Photograph: Alexei Druzhinin/Reuters

With tensions growing between China and the US, there are some old alliances being renewed and this is having major repercussions on the energy market(...)

Denmark and New Zealand were found to be the least corrupt on the Transparency International Corruption Perceptions Index for 2013. Image: Transparency International

Ireland is ranked number 21 out of 177 countries named on the annual ‘corruption’ index published by Transparency International, up from a ranking of (...)