Energy News Beat Weekly Rig Report | June 20, 2026

U.S. drilling activity remains resilient with modest gains reported in the latest industry-standard data, while Canada shows stronger momentum. Sources differ in methodology and absolute counts, highlighting the value of cross-referencing multiple providers. Here’s a comprehensive breakdown drawing from Baker Hughes (the longstanding industry benchmark), Enverus (daily GPS-based tracking), and the detailed WellDatabase report you […]

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World’s 65 Biggest Banks Pumped $906 Billion Into Fossil Fuels in 2025. The Iran War will escalate exploration and production, pipelines, and energy security spending and financing.

In a striking confirmation of the enduring role of fossil fuels in global finance, the world’s 65 largest banks committed a record $906 billion to oil, natural gas, and coal companies in 2025 — an 8% jump from $869 billion the year before. This marks the second straight year of rising fossil fuel financing after […]

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New York Just Got a Huge Influx of Clean Power From Canada. It Still Needs More, and Will Canada Cut the Power if They Don’t Agree with Trump?

New Yorkers woke up to a major milestone in the state’s green energy transition on June 1, 2026: the Champlain Hudson Power Express (CHPE) transmission line began flowing hydroelectric power from Quebec, Canada, directly into Queens. This $6 billion underground and underwater project, developed in partnership with Hydro-Québec, delivers up to 1,250 MW of carbon-free […]

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Bakken Shale Boom Chasing Second Round with Enhanced Recovery- Energy News Beat Channel Exclusive

As the world grapples with the ongoing Strait of Hormuz crisis—triggered by the 2026 Iran conflict and resulting in the near-closure of a chokepoint carrying roughly 20% of global oil trade—energy security has never been more critical. North Dakota is positioning itself for a dramatic encore: a second Bakken boom powered by enhanced oil recovery […]

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