The transport helicopter that crashed into the North Sea this month suffered a "catastrophic failure" of its main rotor gearbox that caused the blades to separate from the aircraft and slice off the tail, accident investigators said.
Eight people missing from a fatal helicopter crash in the North Sea off Scotland are feared dead, police said Thursday.
Rescuers have recovered eight bodies from a helicopter crash Wednesday in the North Sea about 13 miles off the northeastern coast of Scotland, officials said.
Sitting around watching television might not be as useless as you think. Certain shows have been remarkably accurate in their forecasts of the future.
While many of the world's best business brains are exercising themselves over the current global banking and equities crisis, there is another issue which has the potential to dominate our lives far more in the longer term -- energy.
Fishing quotas killed a town's marine economy, but Scottish Nationalist politicians have revived it through European integration
Scientists say the number of coastal dead zones has doubled since 2006, to the detriment of already troubled fisheries
Crude prices surged Thursday to a new trading record near $146 a barrel as the summer maintenance season for the North Sea oil fields begins to squeeze European supplies.
It is a sign of the times that the craziest thing I have seen this week was not Daryl Hannah licking surplus fuel off the petrol cap (or whatever she would call it) of her 60s-era Chevrolet El Camino.
With $120 oil not seeming to follow the fundamental law of supply and demand many are wondering if the market is broken.
The transport helicopter that crashed into the North Sea this month suffered a "catastrophic failure" of its main rotor gearbox that caused the blades to separate from the aircraft and slice off the tail, accident investigators said.
Eight people missing from a fatal helicopter crash in the North Sea off Scotland are feared dead, police said Thursday.
Rescuers have recovered eight bodies from a helicopter crash Wednesday in the North Sea about 13 miles off the northeastern coast of Scotland, officials said.
Sitting around watching television might not be as useless as you think. Certain shows have been remarkably accurate in their forecasts of the future.
While many of the world's best business brains are exercising themselves over the current global banking and equities crisis, there is another issue which has the potential to dominate our lives far more in the longer term -- energy.
Fishing quotas killed a town's marine economy, but Scottish Nationalist politicians have revived it through European integration
Scientists say the number of coastal dead zones has doubled since 2006, to the detriment of already troubled fisheries
Crude prices surged Thursday to a new trading record near $146 a barrel as the summer maintenance season for the North Sea oil fields begins to squeeze European supplies.
It is a sign of the times that the craziest thing I have seen this week was not Daryl Hannah licking surplus fuel off the petrol cap (or whatever she would call it) of her 60s-era Chevrolet El Camino.
With $120 oil not seeming to follow the fundamental law of supply and demand many are wondering if the market is broken.
You can't keep Big Oil down: Europe's largest oil companies delivered record profits for the first quarter of 2008
Oil and gasoline prices continue to soar Monday as worker strikes, political turmoil, and speculation of a rate cut by the Federal Reserve rocked a market that does not need much of an excuse to trade higher.
The Orkney Islands, where the North Sea and the Atlantic Ocean violently meet, last gained fame in 1725 when the pirate ship Revenge was captured there.
An earthquake shook Britain early Wednesday, causing damage to buildings and leaving at least one person injured.
An apparent false alarm early Sunday triggered a massive air-sea rescue operation to evacuate over 500 workers from an oil rig in the North Sea, police and the British coast guard said.
The European Commission has suggested there should be a cut in catches for most waters. Yet the survival of stocks comes in conflict with sustaining the livelihoods of Europe's fishermen
Oil prices rose more than $4 Wednesday after the government reported a surprise decline in crude oil and heating fuel supplies.
In this case, the wildest, most outlandish criminal conspiracy theories increasingly appear to be right on target
John Darwin was presumed drowned and declared legally dead in 2003. His re-emergence has raised many questions
Less than three hours after it began, a fire on a North Sea oil platform was extinguished and no one was hurt, Lund in Petroleum said Sunday.
The virulent H5N1 strain of avian influenza has been confirmed as the source of a bird flu outbreak on an English farm
Britain's Environment Agency reduced the number of flood warnings for eastern England Friday morning and declared the worst was over after a storm surge, which had been forecast to cause heavy flooding, peaked at lower-than-expected levels.
Oil's push toward the $100-a-barrel mark and a huge quarterly loss by General Motors set a negative tone going into the start of Wednesday's U.S. stock trading.
An auction house in England plans to sell board games that German children played during World War II, winning points by destroying British cities and ships.
Despite oil's record high last week, forget about crude going to $100 a barrel.
Oil fell Monday as traders took profits after supply concerns sent prices above $77 a barrel last week and near record highs.
Crude turned down Thursday morning after a brief rally on continued refinery and production troubles amid a persistently bullish climate.
Oil retreated below $75 a barrel Tuesday, after setting fresh 11-month highs fueled by supply concerns and a wave of speculative buying.
Oil rose above $74 a barrel on Monday, driven towards an all-time high by an influx of speculative fund money and tightening crude supplies from the North Sea.
Oil rose Friday on speculative buying as North Sea production problems and forecasts for rising demand tightened the supply outlook.
Oil prices slid Monday despite rising global demand and North Sea field maintenance, which exacerbated supply worries.
ConocoPhillips expects second-quarter oil and gas production fell from first-quarter levels due to scheduled maintenance in the North Sea, exiting from operations in Dubai, asset sales and seasonal dips in Alaska, the company said on Tuesday.
Global warming is taking a toll on fish -- and helping jellyfish rule the sea.
At the end of August 2005 Hurricane Katrina swept up through the Gulf of Mexico battering the coastline of the southern United States.
Barely a day goes by without some new scientific study or media headline adding to what is already a bleak picture of global environmental degradation.
Nothing says hot like an Arctic bidding war.
Ernesto was downgraded Monday and looks as though it's headed away from the most vulnerable part of the Gulf Coast. The price of oil pulled back almost $2 a barrel as a result.
With oil prices hovering near record levels, you would think energy investors would be all smiles. But shareholders of oil and gas producer Apache, one of the stocks we recommended from our 100 Fas...
What's going on with Mrs. Market? (Yes, a SHE!) We get close to the Dow record, then we get scared off. Makes sense to me actually ... too much inflation for my taste.
Experts say the whale which got stranded in the Thames in London died from a combination of factors including severe dehydration.
The whale that rescuers were carrying out to sea from the River Thames died Saturday, according to the London Port Authority.
Often referred to as the "St. Tropez of Germany," and best known as a getaway for affluent northern Germans, Sylt is a rare gem most of Europe's holiday makers never discover.
One of the most promising areas of oil exploration involves a staggeringly simple insight: There are still hundreds of billions of barrels of oil stranded in existing reservoirs.
To understand how advances in computing technology are affecting the petroleum industry, look no further than the Pod. Designed by Landmark Graphics, a unit of Halliburton that specializes in developing software for oil companies, the Pod is an Imax-style viewing room powered by a supercomputer.
Flat, surrounded by water, and like New Orleans, largely below sea level, Holland lives with the threat of flooding from the North Sea.
Wind power could generate more than enough sustainable electricity to meet global energy needs, according to new research.
Carbon dioxide could be buried underground as a means of combating climate change, scientists have suggested.
She was the embodiment of pre-war glamour, a photogenic British princess with a sharp eye for contemporary fashion who became a much-loved queen across the North Sea.
It's alarming when a guy like Matthew Simmons starts worrying about the oil supply. He's chairman of Simmons & Co., a Houston investment bank which, for the past 35 years, has done deals in the oil...
A fierce winter storm packing hurricane force winds that swept across northern Europe has left at least 13 dead several missing, officials said Sunday.
Oil prices settled above $53 a barrel Friday, closing at a record high for the fourth straight session, as labor strife in Nigeria and Norway rekindled supply worries.
U.S. stocks headed toward a lower opening Wednesday amid continuing concern about a strike in No. 3 oil exporter Norway, but the return of flows through a damaged Iraqi pipeline tempered the fears of a shortage.
With oil hovering near record prices and OPEC saying it's out of their control, the question of whether the planet is nearing the end of its oil supply has again arisen.
The economy is growing fast enough to spark new hiring, and recent data show an uptick in inflation.
Oil prices have climbed above $40 for the first time in 13 years as markets remain concerned over tight supplies.
Two German Air Force pilots have been killed in a mid-air collision between two fighter jets over northern Germany, according to a military spokesman.
Over the past couple of years a surprising trait has emerged among the oil giants: Some of their most outstanding employees are actually environmentalists. Or at least you'd think so from their adv...
Winston Churchill once rejected an unappetizing dessert by declaring, "This pudding has no theme." You could say the same thing about today's stock market. Given all the uncertainties, it's impossi...
The Middle Eastern countries under which most of the world's oil is buried are positively seething with discontent. Crude prices are near their highest levels in a decade. House and Senate negotiat...
BAKER HUGHES (BHI); NYSE, $24; 1.9% YIELD
Only a floor separates the Boston offices of Jeff Vinik, head of the $53 billion Fidelity Magellan fund, and Brian Posner, who manages $11 billion for Fidelity's Equity-Income II fund. But that flo...
TIMES of momentous change almost always translate somehow into glorious investment opportunities. Think of the real estate and retailing fortunes made in the postwar migration to California or of t...
Is Russian oil ready to gush again? Exxon Corp. is betting the answer is yes. On June 30, under the beneficent gazes of Vice President Al Gore and Russian Prime Minister Viktor Chernomyrdin, the Te...
You may be left with the post-election impression that the U.S. is the only nation with a crushing budget deficit. Far from it. When the deficit is expressed as a percentage of GDP, the U.S. has co...
ROBERT B. HORTON, chairman of British Petroleum, may have the toughest job in the oil business. With revenues last year of $50 billion, BP is the fourth- largest private oil company in the world af...
With crude prices rising so fast, oil and gas stocks are going up too. But selecting the best ones is as tricky as predicting the moves of Saddam Hussein. One safe way to cash in on oil now and bui...
The U.S.-led embargo of Iraq and Kuwait, which together produced 20% of OPEC's crude exports last year, will jolt some of the world's leading oil companies and enrich others. Starting on this page ...
Only a few weeks ago shareholders of big oil companies were steaming through untroubled seas, all engines ahead full. The price of crude had jumped to three-year highs. Many oil stocks had made dou...
Dead seals did for Europe's environmental awareness last summer what medical waste did in the U.S. After 12,000 of the creatures washed up along the coasts of the heavily polluted North Sea, voters...
American investors looking for profits abroad can most easily find them at home -- by buying American Depositary Receipts, certificates that represent the shares of foreign companies. ADRs trade on...
For nearly a month after Black Monday, London, Europe's hottest takeover market for the past several years, was an M&A Antarctic. The pre-crash takeover boomlet on the Continent also went bust. But...
Pick a viewpoint from any office high rise in St. John, New Brunswick, and look around. You will see the largest oil refinery in Canada, the first deepwater oil terminal in the Western Hemisphere, ...
While most money managers agree that social and economic trends cause stocks to rise and fall over the long term, Neal Miller is one of the few who actually tries to find incipient trends and inves...
Norway said it would consider curtailing its North Sea oil production if OPEC can agree on its own production curbs. Britain, whose lead Norway has traditionally followed in oil policy, said it rem...
Only bullheaded contrariness or folly, it might seem, could prompt an investor to put money in oil stocks these days. The average price refiners pay for crude has fallen by a third since last Novem...
- The free fall in oil prices continued to bring anguish to people in the business and joy to just about everybody else. London's spot market for North Sea oil screeched to a halt when several trad...
A MAJOR PLUNGE in oil prices -- the break to $20 a barrel or less that oil users have been dreaming about for several years -- could be upon us no matter what is said and done at OPEC's Vienna meet...
The British government dealt another blow to the desperate attempts of oil- producing countries to shore up prices by announcing it will no longer buy North Sea oil at above-market rates. In fact, ...
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