It is divesting its interest in the Sunrise oil sands project while buying a 35% interest in the Bay du Nord oil project from Cenovus Energy

Naftogaz said it temporarily suspended gas extraction in one of its production facilities

Oil and Gas Authority Chairman said North Sea exploration can ensure a successful energy transition to net zero

It also includes co-operation within greenhouse gas emissions and carbon management as well as industrial safety management

It has bought the shares in KrasGeoNac (KGN), which holds 12 conventional onshore exploration and production licences in Eastern Siberia

The review looks to ensure the government has the necessary information to plan for continued oil and gas production in a manner ‘aligned with tackling climate change’

The find would boost the country’s existing reserves of 150 billion barrel by a third

He helped steer the oil giant back following the 2010 Deepwater Horizon which brought the company close to collapse

It will be active in the exploration and development of oil and natural gas projects only in the US

The territory extends from the shoreline to around 215 kilometres offshore, with depths of up to 4,000 metres at points