PetroChina may exit natural gas projects in Australia and oil sands in Canada to focus on sites in Africa, Middle East and Central Asia.

India, the world's third biggest oil importer and consumer, ships in over 80% of its needs and wants to monetise its oil and gas resources to cut its import bill

Critics call for an end to favourable tax regimes for oil giants, which are again recording multi-billion-dollar profits while 'pushing our world closer to catastrophic climate change'