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North Sea drilling: Premier is seeking to acquire Eon’s interests in an  oil and gas basin that is one of the most expensive places to pump crude in the world. Photograph: Danny Lawson/PA Wire

Premier Oil is in talks to acquire the UK North Sea assets of German utility Eon. Eon, which operates the Huntington field, has production interests (...)

BP’s Valhall platform in the Norwegian North Sea. BP is to cut 4,000 jobs globally, with some 600 jobs to be lost on the North Sea. Photograph: EPA/BP

Oil prices tumbled to close to $30 a barrel yesterday, extending a savage new year sell-off as BP axed thousands of jobs and Brazil’s Petrobras cut te(...)

European shares fell on Monday in their first day of trade since the Christmas break.

European shares fell on Monday in their first day of trade since the Christmas break, with a sharp decline in crude oil prices putting pressure on ene(...)

Dragon Oil is in talks over a $10 billion (€9.4 billion) investment for a gas pipeline from Turkmenistan to India

Irish-registered exploration firm Dragon Oil is in talks to invest in a $10 billion pipeline to deliver natural gas from Turkmenistan to India, a pote(...)

 Paris after the attacks. Unlike January’s Charlie Hebdo attacks, which mostly targeted the journalists at the satirical newspaper, Friday’s assaults felt entirely random, indiscriminately killing Parisians and visitors at cafes, restaurants and a concert hall. (Photograph: Adrien Morlent/AFP/Getty Images)

Corporate events planned for Paris are going dark as Europe’s worst terror attack in a decade spurs foreign companies to scrap visits because of conc(...)

Shell’s oil and gas production division, known as upstream, swung to a loss for the first time in years

Royal Dutch Shell on Thursday reported a sharp drop in third-quarter profits on the back of low oil prices and a hefty $8.2 billion charge which incl(...)

DCC chief executive Tommy Breen

Energy-to-technologies conglomerate DCC expects to see more acquisition opportunities as oil majors slim down, and is looking to expand its energy bus(...)

An oil storage facility near Minsk, Ukraine.  The Organisation of Petroleum Exporting Countries pumped more than its 30 million-barrel daily quota for the 15th consecutive month in August.   Photograph: Vasily Fedosenko/Reuters

Oil is poised for the lowest quarterly average price since the start of 2009 as industry data showed US crude stockpiles increased and Opec’s second-l(...)

Ireland is now one of the most expensive countries in the EU, up there with the UK and Sweden, and only exceeded by Denmark. Photograph: Eric Luke/The Irish Times

While the popular perception is that the cost of living is always rising, since the beginning of the year consumer prices have on average been lowe(...)

Total, Europe’s second- biggest oil company by market capitalisation, has agreed to sell gas pipelines and a terminal in the UK for £585 million as part of a longstanding plan to shed non-core assets. (Photograph: Danny Lawson/PA Wire)

Total, Europe’s second- biggest oil company by market capitalisation, has agreed to sell gas pipelines and a terminal in the UK for £585 million (€79(...)

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