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Britain’s grid operator faced accusations that senior managers downplayed strain during summer heatwaves and pressured staff to protect the organization’s reputation rather than prioritize system stability.
US private equity firms KKR and Energy Capital Partners agreed to acquire energy company DCC for £5.75bn, joining a wave of UK-listed firms going private.
Shell’s net profit more than doubled to $9.8 billion in the second quarter, driven by surging oil and gas prices following Middle East tensions and disruptions to global energy supplies.
A federal court ruled that the Trump administration’s freeze on wind project reviews violated statutory deadlines and ordered the Department of Defense to resume evaluations.
President Trump is considering extending a suspension of the Jones Act to lower gasoline prices ahead of midterm elections, though analysts suggest the policy’s impact on pump prices would be minimal.
North Sea oil industry urges incoming PM Andy Burnham to approve new drilling in UK waters, arguing it supports reindustrialization and energy security alongside renewable energy transition.
