BP boss urges Burnham to prioritise UK oil and gas even as firm exits North Sea
BP’s chief executive urges the UK government to prioritize domestic oil and gas production even as the company prepares to exit the North Sea after 60 years.
Millions in Great Britain could face emergency power cuts at short notice
Great Britain’s electricity system operator gains authority to implement rolling blackouts with eight hours’ notice under new rules taking effect this week, marking the first time such large-scale power cuts can occur without government emergency declaration.
Households in Great Britain ‘could owe energy suppliers £7bn by end of year’
British households could collectively owe energy suppliers £7bn by year-end as gas and electricity prices rise, with debt already reaching a record £6bn in June, industry groups warn.
‘Winter panic’: EU gas stores at their lowest level in 13 years
European gas storage levels have fallen to their lowest point in 13 years as the region enters the cooler months, triggering warnings of elevated winter price volatility and supply concerns among energy traders.
BP seeks to end years of boardroom turmoil with appointment of new chair
BP appoints Ian Tyler as permanent chair following the controversial ousting of his predecessor Albert Manifold, marking an attempt to resolve ongoing boardroom turbulence at the oil and gas company.
Trump’s Grid Battery Ban Leaves Developers Guessing
The Trump administration banned Chinese-made batteries from grid-scale energy storage systems as part of its push for energy independence, but analysts say the measures fall short of addressing China’s dominance in the sector.