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The U.S. and European energy firms are ramping up operations in Venezuela’s vast oil reserves, with major deals including a 100-year concession covering 65 billion barrels signed by the Trump administration.
Halliburton has declined participation in the Sea Lion oil project off the Falkland Islands, citing pressure from Argentina over territorial disputes and legal threats.
A cyberattack linked to Iran shut down a small UK power plant for four days last month, but government cybersecurity standards for such facilities won’t be mandatory until the end of 2030.
BP has appointed Ian Tyler as permanent chair following the contentious removal of predecessor Albert Manifold in late May, aiming to stabilize the oil giant’s governance structure.
The UK’s public spending watchdog warns that without faster electricity grid upgrades, consumer bills could rise by £7.8bn annually by 2030 as the nation transitions to renewable energy sources.
North Sea oil and gas industry seeks early scrapping of windfall tax by 2027, citing investment and job protection concerns amid rising winter energy prices.
