Financial Times Energy News

Lonmin, the world's third largest platinum miner, yesterday announced it was cutting output and investment at its South African operations, providing more evidence...

The first auction of carbon permits will take place today, with power producers expected to be the biggest bidders. The government will sell 4m permits, each...

The last time there was a recession, Andrew Owens set up an energy company. He succeeded, which makes his story inspirational rather than cautionary. Greenergy has 13...

The world's national oil companies expect oil prices to fall further and will cancel most planned investment projects even at current levels, says the head of a...

Lonmin has unveiled cutbacks in production and capital expenditure, as well as scrapping its final dividend, in an effort to conserve cash. Lonmin will halt production...

Pirates operating off the coast of east Africa have hijacked a Saudi supertanker fully laden with an estimated 2m barrels of oil in an attack that marks a significant...

Lawyers commissioned by the government have warned that the drive to build nuclear power stations will inevitably provoke an "awkward and time consuming" political...

Defecting from arch-rival Rio Tinto to BHP Billiton meant a one-year break for Andrew Mackenzie, who yesterday started running one of its biggest divisions after one...

The European Commission's objections to BHP Billiton's $80bn hostile bid for Anglo-Australian mining rival Rio Tinto will spill into the public domain this month with...

Gem Diamonds, the Aim-traded owner of a white diamond mine in Lesotho, has warned of operational cutbacks and a possible annual loss as the plunge in diamond prices...

Oil prices slipped, while base metals also continued to retreat, as two investment banks downgraded their forecasts for commodity markets in 2009

British Energy reports on Tuesday what are likely to be its final set of six-month results as an independent company, writes Ed Crooks . EDF, the...

The Court of Appeal says it had 'considerable misgivings' as it cut the prison terms of three oil equipment cartel members to match sentences provisionally agreed with US prosecutors

In an attempt to attract investors who have been deterred by falling markets, ETF Securities has launched 13 exchange traded funds (ETFs) which will not carry any fees...

The cost of offshore wind farms has continued to soar, Centrica said, leading the company to review the economics of its £4bn wind power investment programme. The...

The cost of offshore wind farms has continued to soar, Centrica said, leading the company to review the economics of its £4bn wind power investment programme

Base metals rallied on Friday, boosted by a surge in Asian and US equity markets and news of further output cuts, but oil remained under pressure amid a gloomy outlook for global demand

Last month Gazprom denied it was in talks to buy a large stake in Repsol. This week, Russia's deputy prime minister said the large gas export monopoly was indeed...

Refiners have seen an unprecedented slump in their profit margins for producing petrol as demand for fuel has been hit by weak consumer spending and a collapse in new...

In the state of Gujarat, north-west India, lies Jamnagar, the world's biggest oil refining complex, which covers 7,400 acres. As Reliance Petroleum, the Indian...