Ensco, the UK energy company, said on Monday that it would buy Pride International, in a $7.3bn cash and stock deal that would create the world’s second-largest offshore driller by number of customers. Read more

Kiran Stacey

Here’s an interesting story from the States with potentially serious political implications.

The US interior department’s inspector general has carried out an investigation into why the government’s moratorium on deepwater drilling in the Gulf of Mexico, implemented in the wake of the BP oil spill, looked like it had been peer-reviewed, when it had not. Read more