Japan is intensifying its efforts to gain approval from local authorities for the restart of the Kashiwazaki-Kariwa nuclear power plant, the world's largest, located north of Tokyo.
The CEO of Shell received £7.94 million despite the company lowering its net zero targets. The new targets focus on reducing the carbon intensity of products sold, rather than overall emissions reduction.
The recent increase in gasoline prices in the U.S. is causing inflation to rise higher than expected, which poses challenges for both the Federal Reserve's monetary policy and President Joe Biden's efforts to convince voters that the economy is performing well.
Japan is seeking help from Western allies to secure LNG contracts beyond 2030, as the risks of relying on Russia for supplies have become apparent since the Ukraine invasion.
Investments in new oil production have been slowing down since around 2014, leading many to predict that higher prices are likely to persist, supported by energy policies in key jurisdictions that are against the oil industry.
This week, Total Energies and Qatar Energy announced plans to expand their exploration efforts in the Orange Basin offshore Namibia.