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Profits at oil giant BP have fallen from $3.9bn to $2.8bn. Photo: Bloomberg

BP, Europe’s second-largest oil company, said fourth-quarter profit fell from a year earlier as output declined and refining margins weakened. The oil(...)

Representatives of the international consortium on development of Shah Deniz 2 gas deposit sign an investment agreement, in Baku, Azerbaijan, yesterday. Photograph: EPA

A BP-led consortium has signed a landmark deal to transport gas from a vast field in the Caspian Sea to the heart of Europe, loosening Russia’s grip o(...)

European negotiators, hoping to cut fuel bills, are pressing their US counterparts in Washington this week on including energy exports in a transatlan(...)

Oran Doyle from Terenure, with his son Cathal (6)  signing the Book of Condolence for the late Nelson Mandela at the South African ambassador’s residence in Ballsbridge, Dublin, today.  Photograph: Eric Luke/The Irish Times

Nelson Mandela was the “greatest African leader of his time” according to the Nigerian ambassador to Ireland. Felix Pwol was speaking as he signed th(...)

BP, Britain’s top share index climbed to a five-month high. Photograph: Andrew Milligan/PA Wire

BP kicked off the results season for top global oil firms yesterday with forecast-beating profits and a dose of what the industry’s investors want – a(...)

Victims of the  disaster lie  in a hangar of  Lampedusa airport. Photograph: Reuters

The deaths of hundreds of African migrants in a shipwreck off the Italian island of Lampedusa could not have served as a more pressing backdrop to a (...)

An April 21st, 2010,  file photograph of BP’s  Deepwater Horizon oil rig burning afer an  explosion in the Gulf of Mexico that claimed nine lives and resulted in a massive offshore oil spill.  Photograph: Gerald Herbert/AP

BP persuaded an appeals court to order a re-examination of key terms of the 2010 Gulf of Mexico oil spill settlement that the company said could have (...)

Smurfit Kappa, the paper and packaging giant, ended the day down about 3 per cent, after a high volume sell-off in the final two hours of trading. At one stage in the final hour, it was down 5.1 per cent

The Iseq eased back by about 0.6 per cent yesterday, as indices across the world edged lower on uncertainty over when and how the US Federal Reserve w(...)

If Peter Sutherland isn’t already blushing about some of the comments made about him in a new book about the history of the World Trade Organisation, (...)

Michael Buckley pictured during the DCC agm at the Four Seasons Hotel on Friday .Photograph: Cyril Byrne

Michael Buckley, the chairman of the conglomerate DCC, declined to comment at the company’s annual general meeting yesterday, when shareholders querie(...)

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