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Details of payouts to Winston Soosaipillai and wife Arani emerge as calls grow for couple to financially support 625-strong workforceThe married couple behind the Prax Lindsey oil refinery awarded themselves at least $15.9m (£11.5m) in pay and dividend…
Concerns over conduct of bosses at Lincolnshire site, with ministers saying workers had been ‘badly let down’‘It breaks my heart’: how a refinery closure is hitting jobs and politicsBusiness live – latest updatesThe government has called for an investi…
Groups question UK membership of Extractive Industries Transparency Initiative after actions of successive governmentsA coalition of civil society groups is calling for the UK government to be suspended from a key global body that oversees how oil and …
Shell doubles down on denials after media reports of early talks with rival BP to create £200bn UK oil companyBusiness live – latest updatesShell has said it has “no intention” of making an offer for the rival fossil fuel company BP after speculation i…
Stock markets including FTSE 100 edge higher as traders hope conflict will not disrupt oil suppliesBusiness live – latest updatesOil prices have pared back losses after a sharp fall triggered by Donald Trump’s declaration of a ceasefire between Israel…
Bailey says the BoE doesn’t know how trade wars will play out, as UK brings in new restrictions on steel imports Oil prices sink after Iranian strike on US airbase reduces fears of market disruptionTravel and leisure stocks across Europe are rallying t…
Residents of Bille and Ogale in Niger delta are suing Shell and subsidiary, but company denies liabilityResidents of two Nigerian communities who are taking legal action against Shell over oil pollution are set to take their cases to trial at the high …
Governor says rates still on downward path but hard to predict timing of reductions in ‘highly unpredictable’ worldBusiness live – latest updatesThe Bank of England has left interest rates on hold at 4.25%, though the central bank signalled that furthe…
Blockage of strait of Hormuz, through which about 25% of world’s oil passes, could shock energy market, says Wael Sawan• Business live – latest updatesAn escalation in the Middle East conflict could have a “huge impact on global trade”, the boss of the…
Michael Shanks says guidance brings ‘clarity’ to approval process as analysis finds UK will be almost fully dependent on foreign gas by 2050 even if sites get green lightMinisters have opened the door to approving drilling at two controversial North Se…