Royal Dutch Shell pile more pressure on struggling rival BP as it unveils a massive 77% surge in profit to $8 billion (£4.9 billion) during the three months to July... more
Oil and gas services company Hunting says it is confident of meeting full-year expectations as it is seeing investment in new oil and gas resources rise and activity in the Gulf of Mexico restarting... more
Energy services company John Wood Group expects business to pick up at its main engineering unit in the second half of the year as oil and gas companies begin more projects... more
Costs of BP's Gulf of Mexico oil disaster rise more than $2 billion (£1.25 billion) but the firm hopes to start the so-called “bottom kill” of the well this coming weekend... more
BP will extend the delay on testing its new cap for the gushing oil well in the Gulf of Mexico, causing shares in the group to reverse some of their recent gains... more
Oil exploration services firm John Wood said it did not expect the drilling moratorium in the Gulf of Mexico to have a material impact on it this year as it sees its 2010 performance being in line with expectations... more
The oil spill in the Gulf of Mexico is not yet an environmental “catastrophe” - but could worsen as the hurricane season gets under way, scientists say... more
Comment: Five weeks after the explosion that leaked millions of gallons of oil into the Gulf of Mexico, it is time to start looking for the silver lining... more
Lloyd’s of London, the insurance market, estimates its exposure to the Deepwater Horizon oil rig blow-out in the Gulf of Mexico could reach $600 million ... more
The governor of California Arnold Schwarzenegger scrapped plans for more coastal drilling after seeing pictures of the oil slick off Mississippi... more
A massive operation is under way to protect the Louisiana wetlands as the slick from the sunken oil rig in the Gulf of Mexico makes its first landfall... more
Video: An oil rig in the Gulf of Mexico which caught fire after an explosion on Tuesday has sunk, but the search for 11 missing workers will continue “until all likelihood of success has passed”, says the US Coast Guard... more
BP spends £4.7 billion to buy 10 oil exploration areas off Brazil, as well as deep-water sites in the Gulf of Mexico and further interests in the Caspian Sea... more
Shell Oil expects to restart most of its operations in the Gulf of Mexico over the next few days following their shutdown ahead of Hurricane Gustav last week... more
Oil prices rose for a fourth day in a row as New Orleans braced itself to take a possible hit from Tropical Storm Gustav, now heading for the Gulf of Mexico coast... more
Sound check: German industrial metal band Rammstein literally play with fire in their live performances - and now they are about to unleash their singeing spectacle on London. Watch out for your eyebrows
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