An Iranian oil tanker collided with a bulk freighter and caught fire off China’s eastern coast, leaving its entire crew of 32 missing and causing the tanker to spill oil into the sea, authorities said today.

Authorities in Houston have warned residents affected by Hurricane Harvey more flooding is likely.

As far as energy is concerned, potential Brexit tariffs and the sterling exchange rate are red herrings. Tariffs — as opposed to transport costs — are no big deal in the oil, gas or electricity exploration and production industries.

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The former Exxon Mobil oil giant boss has more influence than most presidents and knows how to cut a deal. He would be an able secretary of state, says Amir Handjani

Former New York City mayor Rudy Giuliani has formally withdrawn from consideration for a post in President-elect Donald Trump's administration.

Irish explorer Providence Resources looks to be close to a deal with a rig contractor as it continues to ready itself for a return to drilling in Irish waters next year.

Irish energy firm Solar 21 has accused the Government of dragging its heels on renewable energy policy and costing the country hundreds of jobs in the process.

Oil traded near $46 a barrel in New York as the market weighs a force majeure declared by Exxon Mobil on crude shipments out of Nigeria against excess US oil and product inventories.

Deflation is everywhere. This month electricity prices are falling. Variable interest rates are being cut. Fuel prices at the pumps have been coming down for the past two years.

Exxon Mobil was demoted from the top credit rating by Standard & Poor’s for the first time since the Great Depression as the collapse of the biggest oil-market rally in history strangled cash flows.

Just as big tobacco deliberately misled the public on the cancer-causing effects of smoking, big oil attacked scientists who warned of the impending climate disaster and their attempts now to help ‘solve’ the problem should be shunned by governments, write Kelle Louaillier and Bill McKibben

Archived notes of presentations made to senior executives in the ’70s and early ’80s establish beyond reasonable doubt that Exxon were ahead of the posse, when it came to having an undertanding of climate change, writes Terry Prone

With a grandfather who became the world's first billionaire, David Rockefeller has seen it all and has more ahead of him, writes Kyran Fitzgerald.

Royal Dutch Shell has agreed to buy smaller rival BG Group for £47bn (€65bn) in the first major energy industry merger in more than a decade, closing the gap on market leader ExxonMobil after a plunge in prices.

President Vladimir Putin has lamented the latest round of US sanctions against Russia, saying they are stalemating bilateral relations and hurting not only Russian but also American businesses.

A positive report on US consumer spending helped push most stocks higher for the first time in three days.

Oil giant ExxonMobil has said it has no intention of pulling out of Irish waters, despite disappointing early drilling results from the highly-anticipated Dunquin prospect off the Kerry coast — in which it is a senior partner — last month.

The first well to be drilled at the highly anticipated Dunquin oil and gas prospect off the Kerry coast has been abandoned, sending shares in the field’s Irish stakeholder — Providence Resources — plummeting by nearly 10%.

British exploration company Europa Oil & Gas intends to expand its Irish asset portfolio beyond its two existing prospects off the south-west coast, which have a mean total resource potential of around 2bn barrels of oil.

Apple surrendered the title of the world’s most valuable company to Exxon Mobil after concern over slowing growth drove the shares to the biggest loss in the Standard & Poor’s 500 Index.

THE movers and shakers of our fledgling oil industry are small by any standards.

Oil giant BP is weighing up whether to commit up to £3.7bn (€4.61bn) on a plan to revive its flagging share price, it was reported today.

BP has agreed with the US to pay billions over the Gulf oil spill, according to a source close to the deal.

The Barryroe oil field off Co Cork could produce up to 100,000 barrels of oil per day, or a total of 280m barrels of recoverable oil over a 25-year lifespan.

Kentz, the Irish-founded engineering services group, has been awarded a $50m (€38.3m) support services contract with the Russian subsidiary of US oil and gas giant, ExxonMobil.

After striking it rich off the Cork coast, exploration company Providence and its prospecting partners have lined up a specialist rig to try to find oil in difficult, deep waters 200km off the Kerry coast.

Although the commercial viability of the Barryroe oil field has been established, the next stage is by no means risk-free.

The iPhone is taking over Apple. For the first time, the device that changed how people use mobile phones, accounts for more than half of the company’s sales.

Walter Isaacson’s biography of the late Steve Jobs reveals his innovation and drive, as well as his less laudable traits, but ultimately neglects to reveal what made him tick, writes Brian O’Grady

A leak at a North Sea oil platform owned by Royal Dutch Shell has been brought under control, the company has confirmed.

Apple has surpassed Exxon Mobil as the most valuable company in the US, according to new figures.

Travel firms slumped into the red today as fears over political unrest in Egypt hit blue chip stocks.

BP kept the FTSE 100 Index in positive territory today after shares jumped 7% on takeover and deal speculation involving the beleaguered oil major.

THE Gulf oil spill has surpassed the Exxon Valdez soill as the worst in US history, according to new estimates released yesterday, but the Coast Guard and BP said an untested procedure to stop it seemed to be working.

Hundreds of hotel owners, fishermen and restaurateurs feared for their livelihoods today as a giant oil slick from a wrecked rig site oozed towards America’s Gulf Coast.

Choppy seas, strong winds and rain today halted the clean-up of an oil spill around a massive drilling rig which exploded and sank off the US.

OIL deposits just 10 kilometres off the coast of Dublin have the potential to provide our entire oil needs for up to 12 years, according to a survey by Irish exploration company Providence Resources.

The FTSE 100 Index enjoyed a buoyant beginning to the week today with utility firms in the takeover spotlight.