"With IRENA forecasting that energy transition investments will have to increase by 30% over planned investment to a total of $131 trillion between now and 2050, the UAE is committed to supporting this transition through domestic and foreign investment. To achieve our ambition, we plan to invest $163 billion to diversify our energy mix."

ExxonMobil operates the Sakhalin-1 project on behalf of an international consortium of Japanese, Indian and Russian companies.

Shares in oil giant Aramco touched the highest level in its history of SR43.1 ($11.5) on Wednesday, propelled by a rally in the energy market.

“We are deeply shocked and saddened by the devastating human and economic toll brought by the war in Ukraine. People are being killed, injured, and forced to flee, and massive damage is caused to the country’s physical infrastructure.

Russia and India in December signed new energy cooperation agreements, including a contract for Rosneft to ship almost 15 million barrels of crude to India in 2022, according to government and company statements.

The United States aims to instal 30 GW of offshore wind by 2030. At the regional level, New York and New Jersey have set the target of installing 16 GW of offshore wind by 2035.

The Board of Shell plc (“Shell”) announced its intention to exit its joint ventures with Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility, its 50 percent stake in the Salym Petroleum Development and the Gydan energy venture. Shell also intends to end its involvement in the Nord Stream 2 pipeline project.

In response to the tougher sanctions, Russian President Vladimir Putin on Feb. 27 ordered nuclear deterrent forces on high alert, further escalating tension.

The consortium has acquired 49% stake in Aramco Gas Pipelines Company, a subsidiary of Aramco, for $15.5 billion.

The bp board announced that bp will exit its shareholding in Rosneft. bp has held a 19.75% shareholding in Rosneft since 2013.

Equinor's (OSE: EQNR, NYSE: EQNR) Board of Directors has decided to stop new investments into Russia, and to start the process of exiting Equinor’s Russian Joint Ventures.

Norway's $1.3 trillion sovereign wealth fund will pull out of all investments in Russia because of its invasion of Ukraine, the Norwegian government said Feb. 27.

Copenhagen Infrastructure Partners (CIP) has entered into a partnership with Bute Energy (Bute) to invest in a 2,000 MW portfolio of onshore wind and solar projects, some with co-located battery energy storage systems, under development in Wales (United Kingdom).

The world coal industry has secured $363 billion in bank credits in the period from January 2019 to November 2021, and banks continued to support transactions on the sale of securities of companies in the industry, with their combined sum totalling $1.2 trillion.

Swedish Modular Reactors has been granted just over SEK99 million ($10.6m) in support of demonstrating a smaller lead-cooled reactor. Solkompaniet Sverige has been granted SEK14.4 million to support demonstrating a smart solar park.