The UK authorities gave a green signal for Equinor's north sea Rosebank field, which is one of the nation's biggest new oil and gas projects in years. The move is to bolster the nation's energy security and comes a week after the government diluted its net zero targets despite opposition from the environmentalists.

UK approving Rosebank Oilfield a climate disaster: Activists

Global oil and gas giant Shell announced that it will exit all its Russian operations, becoming the latest major Western energy company to quit the oil-rich country following Moscow’s invasion of Ukraine. The decision comes a day after rival British Petroleum (BP) abandoned its stake in Russian oil giant Rosneft in a move that could cost the British company over $25 billion. Norway's Equinor also plans to exit Russia.

Shell joins Equinor and BP to exit Russia over Ukraine invasion

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