July 27, 2026 12:49 pm, EDT An oil rig in the Gulf of Mexico. (Dario Lopez-Mills/AP) key takeaways: 1947 Oil & Gas plans to raise £50m in a London AIM listing next month to fund its growth strategy. The company is acquiring Renaissance Offshore, whose Gulf of Mexico assets produce about 3,350 barrels of oil
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A Mercedes-Benz executive says the AMG GT shouldn’t exist. He said it is too late to stop the arrival of EVs. The Mercedes board realized that EVs were a disaster. Automakers are doing everything they can to nudge consumers toward electric vehicles: fast charging, long range, and low prices. In terms of luxury and performance,