North Sea Drilling at Record Low Spells End to Region’s Revival
The pace of drilling in the North Sea, the center of U.K. oil production for the past 40 years, has sunk to a record as crashing energy prices force explorers Continue Reading
Oil Rout Prompts Moody’s to Consider Shell, Total for Downgrade
Shell, Total and other oil companies have been battered by a more than 75 percent collapse in crude prices over the past 18 months amid a global supply glut. Royal Continue Reading
Shell Fourth-Quarter Profit Plunges as Oil’s Slump Deepens
Royal Dutch Shell Plc, which is buying BG Group Plc in the industry’s largest deal in a decade, expects fourth-quarter profit to drop at least 42 percent after the rout Continue Reading
Shell Profit Tumbles Amid Oil Price Slump
Shell said on Wednesday that earnings excluding identified items came in at between $1.6 billion and $1.9 billion in the three months to end-December, down from $3.3 billion for the Continue Reading
BP to Cut About 4,000 Exploration and Production Jobs
BP has about 80,000 employees world-wide. BP BP -0.66 % PLC said Tuesday it would slash about 4,000 jobs from its exploration-and-production unit—about one-sixth of the staff in that business—over Continue Reading
London Fails EU Annual Pollution Limits Eight Days Into 2016
Nineteen times this year, the concentration of nitrogen dioxide has exceeded the EU limit of 200 micrograms per cubic meter as an hourly mean. London failed annual European Union limits Continue Reading
British Army Is Deployed as Flooding Submerges Northern England
The British Army stepped in on Sunday to help evacuate hundreds of people from waterlogged homes across the country, as swollen rivers and heavy rainfall brought misery to swathes of Continue Reading
Shell Cuts 2016 Spending by $2 Billion as It Prepares for BG
Light trails made by passing automobiles outside at a gas station operated by Royal Dutch Shell at dawn in Guildford, U.K. Royal Dutch Shell Plc, Europe’s largest oil company, further Continue Reading
Shell Lowers 2016 Capital-Spending Plan By $2 Billion to $33 Billion
The spending announcement came as the Anglo-Dutch oil company published several key documents on its website in preparation for the main remaining hurdle to the deal: a shareholder vote, scheduled Continue Reading
Britain’s long transition from coal holds lessons for China: Kemp
Britain’s last deep coal mine closed on Friday, bringing the curtain down on an industry that once employed more than 1 million miners at over 3,000 collieries. Coal helped Britain Continue Reading