Chill Out

Sibir buys property to bail out investors

Confidence in Russia took a blow after company disclosed it would buy property worth $340m to bail out largest shareholders

EDF stymies Warren Buffett with $4.5bn Constellation deal

French energy group takes on Warren Buffett with a bid for part of Constellation's nuclear business

Freeport-McMoRan makes across board cuts

World’s largest listed producer of the metal, to reduce production, suspend dividends and cut capital spending in half

Schlumberger suffers as demand hits projects

World’s largest oilfield services company said 2008 profits would not meet expectations, blaming slowdown in global economy

BP bets on oil price rises by storing crude

Oil giant has booked a vessel that can store two million barrels of oil, roughly equivalent to 10% of America’s daily demand

Doubts grow over Total's Canadian oil bid

French major weighs offer for Nexen amid the current economic climate and the falling price of oil

Oil price edges back over $48 a barrel

Weakening demand for crude as global economy shudders to halt leaves price $100 a barrel lower than in July

Pound and markets fall on economic fears

Shares across London and Asia tumble following steep US losses as sterling continues its fall against the dollar

Moscow office moves to cut jobs at TNK-BP

Oligarchs appear to tighten grip on joint venture with announcement that one in five jobs, many managerial, will go

Indecision paves way for oil price falls

Opec defers decision on fresh production curbs amid rifts among members over adherence to existing agreed cuts in output

Rio cost crackdown

The chief executive of Rio Tinto is to save billions of dollars in a crack-down that could mothball several big mining projects around the world

Grand plans for global energy under threat

The future of green technology has cracks, reserves of lithium would prevent a world of electic cars from being a reality

A tale of two power policies

Britain should be ashamed of what it did to its nuclear industry, not least because Britons invented civil nuclear power

EDF: UK energy shortfall to be filled by gas

Lack of capacity in the nuclear industry means that UK will have to rely on imported natural gas to meet emerging shortfall

Tajik Aluminium fraud claim settled

One of the most expensive lawsuits in British history arose from a fight in Tajikistan for control of an aluminium smelter