Oil and gas companies are renewing their commitment, not towards renewable energy- but back towards their legacy business- fossil fuels. Companies like Shell & BP have slowed down their plans to shift away from fossil fuels and are intensifying their hunt for new deposits- proving once again, that profits trump climate. The renewed interest for oil & gas come after firms earned record profits from the fossil fuel price surge- driven by the Ukraine war.

Oil giants move away from green energy, return to hunting for new deposits | WION Climate Tracker

The global hunger for fossil fuel continues even as climate change driven by excessive use of fossil fuels threatens mankind. Oil and gas giants have intensified their search for newer deposits as demand keeps increasing oil and gas firms have enjoyed record profits, owing to price rise amid the Ukraine war.

Oil and gas investments to rise to $528 billion in 2023

Dr Sunil Rai, Vice-Chancellor, University of Petroleum and Energy Studies, talks about the impact of coronavirus on various sectors, like Oil and Gas, Banking, MSMEs, Agriculture, and how can they overcome the economic fallout.

Video Opinion: What can various sectors do to overcome the economic impact of coronavirus

UAE COP28 president designates Sultan al-Jaber says that the oil and gas industry should phase out its methane emissions by 2030 and that investment in technology was needed to develop carbon alternatives. Hem Kaur Saroya brings you the report.

World not ready yet to 'switch off' fossil fuels: Jaber

European Commission chief Ursula von der Leyen and NATO Secretary General Jens Stoltenberg travelled to the Troll A platform in the North Sea on Friday (March 17).

NATO, EU chiefs visit North Sea gas platform as Norway compensates Russia supply slash

Pakistan plans to quadruple its domestic coal-fired capacity to reduce power generation costs and will not build new gas-fired plants in the coming years, its energy minister told Reuters on Monday, as it seeks to ease a crippling foreign-exchange crisis.

Pakistan plans to quadruple domestic coal-fired power, move away from gas

The Netherlands wants to shut down operations of Europe's largest gas field, Groningen, by October as operations are "very dangerous" to continue and further gas extraction poses the risk of causing increased seismic activity in the region.

Why does Netherlands wants to close Europe's largest gasfield, Groningen?

If reports are to be believed, the Biden administration is mulling a nationwide ban on gas stoves for being a 'hidden hazard'. According to a Bloomberg report, the US Consumer Product Safety (CPSC) has raised issues over the indoor pollution caused by cooking stoves.

Biden administration mulls banning gas stoves due to pollution concerns: Report

Gas cookers are breaching air pollution limits in homes and increasing the risk of children developing health problems, according to a new study. Watch this to know more.

Gas cookers as toxic as 'Second hand smoke'

Norway and Germany on Thursday (January 5) signed joint declarations to increase the production of renewable energy and develop green industry, as the NATO allies seek to both cut their CO2 emissions and wean Germany from its reliance on Russian gas.

Here's how Norway & Germany plan to wean off Germany’s reliance on Russian gas

Norway will not grant licences for new exploration in untapped areas from 2025 under a political deal announced on Tuesday. The agreement does not rule out the awarding of licences in areas in so-called "mature" zones.

WION Climate Tracker: Norway to postpone licensing for new oil, gas exploration

Is Europe staring at a 'grim winter'? Can Christmas light survive the energy crisis? The ongoing energy crisis amid the ongoing Russian invasion of Ukraine is worsening only.

Europe staring at a 'grim winter': Can Christmas light survive the energy crisis?

According to British media reports, UK Prime Minister Rishi Sunak is poised to make a gas deal announcement with the United States after the Cop27 climate change summit.

UK to strike a major gas deal with the US?

This week, gas prices in Europe fell to a 4-month low. For months, officials and experts have warned of an energy crisis during the winter. Does Europe have enough gas now? Molly Gambhir tells you more

Gravitas: Gas wars: Is Putin losing the battle?

Germany on Monday said it plans to urgently implement a €96 billion plan to ease pressure on consumers from surging gas prices as it was warned that the supply situation heading into winter remained tense even with full reserves.

What are Germany's plans to provide relief to consumers from surging gas prices?

The West has repeatedly accused Russia of weaponizing energy and Europe has been crumbling with an energy crisis for seven months due to war in Ukraine. In a bid to reduce its dependency on Russia and also to boost its own energy security, the West is now looking at new options. Bulgaria and Greece have officially inaugurated a new pipeline that will bring gas from Azerbaijan.

New Greece-Bulgaria pipeline to carry gas from Azerbaijan

Europe has been facing the ripple effects of Russian invasion of Ukraine and the energy prices are on the rise. Price of heating systems have surged drastically in Hungary and Hungarian camera technician forced to live in a yurt.

Europe's cost of living crisis worsens; demand for yurts rise in Hungary

In the United States, after California, New York has advanced a plan on Thursday (Sept 29) to mandate zero emissions for all new automobiles sold in the state by the year 2035, state governor Kathy Hochul said.

US: New York introduces plan to ban new gas vehicles by 2035

The cost of living crisis has overshadowed all other concerns in Italy. There is a general realization among the people and leaders of Italy that the cost of living crisis stems from Russia's chokehold on gas supplies. However few people believe Italians are paying too high a price in the Ukraine war due to Western sanctions.

Gas lights up Italian election; Italy's right wing coalition divided over sanctions on Russia

Europe is looking at a harsh winter this year. Russia's chokehold on Europe's crucial gas supplies is tightening. Meanwhile soaring energy prices continues to exacerbate the cost of living crisis across Europe.

How Europe can protect the poor from surging energy prices

While European Union leaders are divided over proposal to cap Russian gas prices, Russian president Vladimir Putin has warned West of winter freeze. Russia has warned against capping energy prices.

EU divided on Russian gas price caps; Putin warns West of winter freeze

Russian President Vladimir Putin on Wednesday (September 7) said that Russia will stop oil and gas supply to countries that introduce price caps. Western countries are considering to put a price cap on Russian energy products in order to cut its revenue stream.

Putin threatens 'no gas, no oil' to countries introducing price caps on Russian oil

Europe is facing an energy crisis and fears mounting that the continent could actually be looking at a pretty tough winter ahead as Gazprom has extended shutdown of gas flow through Nord stream 1. This move comes after G7 nations agreed to impose price cap on Russian oil.

Russia shuts gas supplies indefinitely; Sweden PM warns of 'war winter'

Gazprom has missed September 3 deadline to restart gas supplies and said oil leak is behind the supply delay. G7 countries have come to an agreement over a price cap on Russian oil.

Gazprom misses September 3 deadline to restart gas supplies

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