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North Sea oil and gas firm Petrofac files for administration
Angus CochraneBBC Scotland News Petrofac Petrofac has offices in Aberdeen, London, Woking and Greater Yarmouth Energy services firm Petrofac has filed for administration. The company, which employs about 2,000 people in Scotland, said its North Sea business would continue to operate as normal. In a statement, Petrofac said it had applied to appoint administrators for…
A Lament of Fire in the Skies of Dubai: The Tejas Tragedy Leaves the Air Heavy with Sorrow
The Dubai Air Show was shaken from its usually immaculate rhythm when an Indian Air Force Tejas light combat aircraft plunged from the sky in a near-vertical fall and exploded into a towering fireball beside the runway. What had begun as a polished solo display transformed within seconds into a scene of chaos as emergency…
Watch: How oil and gas prices are pushing up the cost of living
The war in the Middle East is less than a month old, but its impact is already being felt widely. In the UK on Thursday, the Bank of England held interest rates at 3.75% on Thursday – after an earlier expectation they could be cut – with a warning that inflation could tick up. Ahead…
G7 stands ready to release emergency oil reserves
Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. G7 finance ministers said they would take the “necessary measures” to tackle the surge in oil prices but stopped short of agreeing on a release of strategic petroleum reserves after an emergency meeting on Monday. In…
