U.S. Oil Drilling Continues to Inch Upward
U.S. oil and gas drilling activity increased this week, with total active rigs rising to 603, up 56 from the prior year, driven primarily by gains in oil drilling operations.
Why Record Crude Output Can’t Solve America’s Diesel Crisis
Despite record U.S. crude oil production reaching 13.8 million barrels daily in 2026, diesel prices remain at record highs with critically low inventories. The disconnect reflects refinery constraints and global market competition.
UK’s small power plants face higher cyber risk into 2030s despite Iran-linked hack
A successful Iran-linked cyber-attack on a British gas power plant has exposed vulnerabilities in hundreds of small generators, though government security upgrades are not mandated until the end of 2030.
BP seeks to end years of boardroom turmoil with appointment of new chair
BP appointed Ian Tyler as permanent chair, ending months of leadership uncertainty following the controversial removal of his predecessor Albert Manifold in May.
Speed up electricity grid upgrade or else face higher bills, warns UK watchdog
The UK’s spending watchdog warns that without faster electricity grid upgrades, consumer energy bills could rise by £7.8bn annually by 2030 as renewable energy transitions accelerate.
Scrap windfall tax on oil and gas firms early, North Sea industry urges
Britain’s North Sea oil and gas industry is urging the government to end a windfall tax on fossil fuel firms three years early and approve major drilling projects amid rising winter energy costs.