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ICYMI: Secretaries Wright and Burgum Join American Energy Workers in Applauding President Trump’s Leadership & Historic Investment in American Energy Infrastructure

PLAQUEMINES PARRISH, LOUISIANA—U.S. Secretary of Energy Chris Wright and U.S. Secretary of the Interior Doug Burgum, both leaders of the National Energy Dominance Council (NEDC), today joined more than a thousand American energy workers at Venture Global’s Plaquemine LNG Export facility to highlight the impacts of President Trump’s energy agenda. The secretaries joined Louisiana Governor […]

PLAQUEMINES PARRISH, LOUISIANA—U.S. Secretary of Energy Chris Wright and U.S. Secretary of the Interior Doug Burgum, both leaders of the National Energy Dominance Council (NEDC), today joined more than a thousand American energy workers at Venture Global’s Plaquemine LNG Export facility to highlight the impacts of President Trump’s energy agenda. The secretaries joined Louisiana Governor Jeff Landry and Venture Global CEO Mike Sabel in delivering remarks before touring the facility and speaking to the press.

Thanks to President Trump’s commitment to restoring American energy dominance and day one reversal of the Biden-Harris LNG export permit ban, Sabel announced today that Venture Global would be making an additional $18 billion expansion to the Plaquemine LNG Export facility – making the facility the largest in the United States.

Less than 50 days into the Trump administration, American energy companies are producing more energy here in the U.S. – lowering prices, providing good-paying jobs, strengthening local communities, and bolstering America’s national security.

In case you missed it, remarks from Secretary Wright and Burgum are below:

Secretary Wright:

America is back.

You, all of you here today, are bringing America back, making us greater and making us stronger. I could not be more humbled and proud to stand among you today. God bless what you do today and what you do every day.

I want to also thank President Trump. He worked tirelessly, even putting his own life at risk to go back to Washington to become our president again, to bring commonsense back to Washington, DC. It all left the city. He brought back common sense with a simple agenda unleash American energy, unleash American business, and unleash the American spirit.

And I see it here today with all of you. He’s from the East Coast. He’s a real estate developer. But instinctually he gets energy. He knows that energy is not one sector of the economy. It’s the sector of the economy that enables everything else, everything else.

I want to thank the governor of Louisiana. Giant projects like this, they’re not getting built in California, where I lived many years. They’re not getting built in a lot of places. This takes leadership and boldness. This governor of Louisiana has allowed a flourishing in the Louisiana Gulf Coast and across the state. Louisiana today exports more LNG than every state in the United States. This is number one.

That that that bar is going to be raised even higher because in the next several years, Louisiana will become a larger exporter of liquefied natural gas than any nation on Earth. You could be your own country and be number one.

Venture global, as we heard from Mike Sable, the great, bold founding CEO, has taken huge risk. They raised money from all across America, from American like us, to build this business and make a bet. Make a bet on American energy production.

The United States 15 years ago was the largest importer of natural gas in the world. And with bold entrepreneurs and leadership like President Trump, our governor in Louisiana, and Venture Global, today, the United States is the largest net exporter of natural gas in the world and growing strong, growing strong.

What’s the fastest growing source of energy on the planet by far is natural gas. I looked at this over the last 15 years. Nothing else is close. Oil is second, by the way. The fastest growing sense source of energy in the planet is natural gas. The largest producer of natural gas on the planet is the United States.

And so hence we’re growing our exports because of your work, because of your efforts, we’re going to increase the prosperity of America, increase the strength of America, increase the opportunities for Americans and for the citizens of the world.

Where does this gas go? What’s this gas going to do? It’s going to make fertilizer so farmers can grow more food and feed everyone. It’s by far the largest source of electricity in the United States. Natural gas is. It’s to make petrochemicals. All the clothes were wearing the toys. Our cars are our computers. Our phones. Those are all made of natural gas.

All the uses of natural gas, you can say. In short, they make our lives possible. They allow us to have a modern world and live these wonderful lives we live.

But that doesn’t fall from heaven. That doesn’t just fall on earth. It has to be made, produced and delivered. And that only happens with hard working people like you. You are changing the world. You are changing people’s lives.

I’ll end there. I just am humbled to be among you. I’m proud to be among you. I cannot overstate how important what you’re doing is and how aligned it is with the agenda of President Donald Trump. This guy wants America to be great. He wants America to be strong. He wants to lower our cost and expand opportunities for Americans.

A strong, energized, empowered America is not just good for Americans. It’s good for the world. God bless you. God bless America and God bless President Trump.

Secretary Burgum:

What a gorgeous day we have here today. And today is a day of gratitude. And it’s a day of celebration.

You’ve heard from the great speakers up here, my friend, Governor Jeff Landry. We’ve got two amazing entrepreneurs, Mike and Bob and the amazing Chris Wright. But we’re celebrating today American innovation, American entrepreneurship, and American workers. I stand here before you humbled because I can’t think of anything more patriotic.

There’s no place I’d rather be than here looking at all of you standing here among this, this creation that you’ve built. And it started with two guys that said, hey, maybe we can do something that’s never been done before. Maybe we can invent a new way to think about how we want to process natural gas. Maybe we can figure out that the U.S., instead of being a net importer, is going to be a net exporter.

And it was a couple of guys just sitting around a table that came up with the idea of Venture Global. Then you hear, it’s like when only in America, now is going to be one of the most important and influential energy companies in the world. That happens in our country only when we get the government out of the way.

It happens when we cut red tape. One of our pathways to energy dominance is just unleashing the incredible resources that we have in this country. Getting the red tape, getting the federal government off the back of the worker, off the back of companies, and so that everybody can do the amazing work and build projects like this.

And so, we’re celebrating that today. But I also said today is a day of gratitude. And I want to bring a message from President Trump to all of you, because President Trump fights for all of you every day. This guy I know everybody here, you work hard, you put in a long day, you go home, you get up and you do it the next day. He respects that. And you know what? He does that too.

This guy didn’t take a day off for the last 90 days before the election. Then the next day he got up and he didn’t. He didn’t take a day off. He just started jamming all the way through to January 20th. And then since January 20th, he’s gotten more done than any president in the history of the United States ever has in their first month and a half.

And somebody asked me, what’s it like working for the president? And I said, well said, you guys, you watch football. And they said, yeah, I watch football. I said, well, think about this. Think about the best football team ever assembled. The President Trump is the team owner and he’s the manager, and he’s the head coach, and he’s playing quarterback and he’s running a no huddle offense. And everybody that’s working for him has got to scramble back to the line for the next play, because we’re just going that fast every single day. And the change that he’s driving, the red tape that he’s cutting, it’s absolutely incredible. And one of the things that we’re here today, the announcement today is happening.

The prior administration had a full-on attack against U.S. energy. They literally were stopping the permitting, killing jobs, killing capital formation, the money to come together to build something like this. And you know what that did that hurt every American and it helped our adversaries. President Trump is fighting for you every day. And he’s fighting because he believes in the we have U.S. energy dominance. It does two things. It builds American prosperity, and it brings peace abroad.

We’re in two proxy wars right now. And both of our adversaries in those wars, Russia and Iran, Iran funding 24 terrorist groups. They’re funding those wars against us with energy production. With a facility like this where we can sell LNG around the world, we’re literally going to stop war.

So, when you guys go to work every day, tell yourselves you’re just not doing a job building the most amazing, most technological plant in the planet. The biggest construction project in North America. You’re also building world peace. And the other thing you’re also doing is you’re building prosperity here at home for everybody that’s here.

And it all starts with one thing, and that’s American energy. And you’re going to say it with me because with energy dominance part of our job is to cut red tape. And the other is we got to get more things flowing through those pipes heading towards Louisiana. And how are we going to do that?

You know, how we are going to do it is three words. What are we going to do. We’re going to drill, baby drill one more time. What are we going to do. We’re going to drill, baby drill. And when we do that, we’re also going to mine baby, mine. We’re going to get critical minerals going. So, we’re stop buying critical minerals from China. We’re going to map baby, map, and we get the US Geological Survey going back and actually discovering all the resources we have on America’s balance sheet.

People talk about America’s debt, $36 trillion in debt. Our assets could be 3 to 5 times more than that. But we don’t even know that because we’ve stopped looking for all the resource assets in this country. And we’re going to become an energy powerhouse. And with that, we’re going to bring inflation down for you and your families. And here at home, prosperity in America and world peace abroad.

That’s what you’re working on every day. How exciting is it to be here with all of you? And again, a message of gratitude for President Trump to you. Nothing more patriotic than American worker that’s working to build energy dominance for this country. Your impact? It carries far and wide. It touches people all over the world. And it certainly helps your kids and your grandkids, and it helps our country reduce our debt, do everything that we’re doing.

So, a big thank you from President Trump and a big thank you to the innovators and entrepreneurs that built this place and came up with the idea. And none of it happens without all of you. But let’s go. And what’s at the end? I want to say, I will say one thing when you’re doing when we’re doing this today, what are we doing together?

We’re making America great again. One more time. What are we doing? Making America great again. Thank you. Way to go, venture global. Thank you all.

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Aker BP, DNO Swap Norwegian Offshore Assets

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Oil Falls as Saudi Price Cuts Signal Market Gloom

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USA Crude Oil Stocks Rise More Than 5MM Barrels WoW

U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR) increased by 5.2 million barrels from the week ending October 24 to the week ending October 31. That’s what the U.S. Energy Information Administration (EIA) highlighted in its latest weekly petroleum status report, which was released on November 5 and included data for the week ending October 31. The EIA report showed that crude oil stocks, not including the SPR, stood at 421.2 million barrels on October 31, 416.0 million barrels on October 24, and 427.7 million barrels on November 1, 2024. Crude oil in the SPR stood at 409.6 million barrels on October 31, 409.1 million barrels on October 24, and 387.2 million barrels on November 1, 2024, the report highlighted. Total petroleum stocks – including crude oil, total motor gasoline, fuel ethanol, kerosene type jet fuel, distillate fuel oil, residual fuel oil, propane/propylene, and other oils – stood at 1.679 billion barrels on October 31, the report revealed. Total petroleum stocks were up 1.1 million barrels week on week and up 44.5 million barrels year on year, the report showed. “At 421.2 million barrels, U.S. crude oil inventories are about four percent below the five year average for this time of year,” the EIA said in its latest weekly petroleum status report. “Total motor gasoline inventories decreased by 4.7 million barrels from last week and are about five percent below the five year average for this time of year. Both finished gasoline and blending components inventories decreased last week,” it added. “Distillate fuel inventories decreased by 0.6 million barrels last week and are about nine percent below the five year average for this time of year. Propane/propylene inventories increased by 0.4 million barrels from last week and are 15 percent above the five year average

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Energy Transfer Bags 20-Year Deal to Deliver Gas for Entergy Louisiana

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SRP to Convert Unit 4 of SGS Station in Arizona to Use Gas

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Top network and data center events 2025 & 2026

Denise Dubie is a senior editor at Network World with nearly 30 years of experience writing about the tech industry. Her coverage areas include AIOps, cybersecurity, networking careers, network management, observability, SASE, SD-WAN, and how AI transforms enterprise IT. A seasoned journalist and content creator, Denise writes breaking news and in-depth features, and she delivers practical advice for IT professionals while making complex technology accessible to all. Before returning to journalism, she held senior content marketing roles at CA Technologies, Berkshire Grey, and Cisco. Denise is a trusted voice in the world of enterprise IT and networking.

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Google’s cheaper, faster TPUs are here, while users of other AI processors face a supply crunch

Opportunities for the AI industry LLM vendors such as OpenAI and Anthropic, which still have relatively young code bases and are continuously evolving them, also have much to gain from the arrival of Ironwood for training their models, said Forrester vice president and principal analyst Charlie Dai. In fact, Anthropic has already agreed to procure 1 million TPUs for training and its models and using them for inferencing. Other, smaller vendors using Google’s TPUs for training models include Lightricks and Essential AI. Google has seen a steady increase in demand for its TPUs (which it also uses to run interna services), and is expected to buy $9.8 billion worth of TPUs from Broadcom this year, compared to $6.2 billion and $2.04 billion in 2024 and 2023 respectively, according to Harrowell. “This makes them the second-biggest AI chip program for cloud and enterprise data centers, just tailing Nvidia, with approximately 5% of the market. Nvidia owns about 78% of the market,” Harrowell said. The legacy problem While some analysts were optimistic about the prospects for TPUs in the enterprise, IDC research director Brandon Hoff said enterprises will most likely to stay away from Ironwood or TPUs in general because of their existing code base written for other platforms. “For enterprise customers who are writing their own inferencing, they will be tied into Nvidia’s software platform,” Hoff said, referring to CUDA, the software platform that runs on Nvidia GPUs. CUDA was released to the public in 2007, while the first version of TensorFlow has only been around since 2015.

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Cisco launches AI infrastructure, AI practitioner certifications

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Chip-to-Grid Gets Bought: Eaton, Vertiv, and Daikin Deals Imply a New Thermal Capital Cycle

This week delivered three telling acquisitions that mark a turning point for the global data center supply chain; and more specifically, for the high-density liquid cooling mega-play now unfolding across the power-thermal continuum. Eaton is acquiring Boyd Thermal for $9.5 billion from Goldman Sachs Asset Management. Vertiv is buying PurgeRite for about $1 billion from Milton Street Capital. And Daikin Applied has moved to acquire Chilldyne, one of the most proven negative-pressure direct-to-chip pioneers. On paper, they’re three distinct transactions. In reality, they’re chapters in the same story: the acceleration of strategic vertical integration around thermal infrastructure for AI-class compute. The Equity Layer: Private Capital Builds, Strategics Buy From an equity standpoint, these are classic handoff moments between private-equity construction and corporate consolidation. Goldman Sachs built Boyd Thermal into a global platform spanning cold plates, CDUs, and high-density liquid loop design, now sold to Eaton at an enterprise multiple north of 5× 2026E revenue. Milton Street Capital took PurgeRite from a specialist contractor in fluid flushing and commissioning into a nationwide services platform. And Daikin, long synonymous with chillers and air-side thermal, is crossing the liquid Rubicon by buying its way into the D2C ecosystem. Each deal crystallizes a simple fact: liquid cooling is no longer an adjunct; it’s core infrastructure. Private equity did its job scaling the parts. Strategic players are now paying up for the system. Eaton’s Bid: The Chip-to-Grid Thesis For Eaton, Boyd Thermal is the final missing piece in its “chip-to-grid” thesis. The company already owns the electrical side of the data center: UPS, busway, switchgear, and monitoring. Boyd plugs the thermal gap, allowing Eaton to market full rack-to-substation solutions for AI loads in the 50–100 kW+ range. It’s a statement acquisition that places Eaton squarely against Schneider Electric, Vertiv and ABB in the race to

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Space: The final frontier for data processing

There are, however, a couple of reasons why data centers in space are being considered. There are plenty of reports about how the increased amount of AI processing is affecting power consumption within data centers; the World Economic Forum has estimated that the power required to handle AI is increasing at a rate of between 26% and 36% annually. Therefore, it is not surprising that organizations are looking at other options. But an even more pressing reason for orbiting data centers is to handle the amount of data that is being produced by existing satellites, Judge said. “Essentially, satellites are gathering a lot more data than can be sent to earth, because downlinks are a bottleneck,” he noted. “With AI capacity in orbit, they could potentially analyze more of this data, extract more useful information, and send insights back to earth. My overall feeling is that any more data processing in space is going to be driven by space processing needs.” And China may already be ahead of the game. Last year, Guoxing Aerospace  launched 12 satellites, forming a space-based computing network dubbed the Three-Body Computing Constellation. When completed, it will contain 2,800 satellites, all handling the orchestration and processing of data, taking edge computing to a new dimension.

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Meta’s $27B Hyperion Campus: A New Blueprint for AI Infrastructure Finance

At the end of October, Meta announced a joint venture with funds managed by Blue Owl Capital to finance, develop, and operate the previously announced “Hyperion” project, a multi-building AI megacampus in Richland Parish, Louisiana. Under the new JV structure, Blue Owl will own 80 percent and Meta 20 percent, though Meta had announced the project long before Blue Owl’s involvement was confirmed. The venture anticipates roughly $27 billion in total development costs for the buildings and the long-lived power, cooling, and connectivity infrastructure. Blue Owl contributed about $7 billion in cash at formation; Meta received a $3 billion one-time distribution and contributed land and construction-in-progress to the vehicle. Rachel Peterson, VP of Data Centers at Meta, noted that construction on the project is already well underway, with thousands of workers on-site. Structuring Capital and Control Media coverage from Reuters and others characterizes the financing package as one of the largest private-capital deals ever for a single industrial campus, with debt placements led by PIMCO and additional institutional investors. Meta keeps the project largely off its balance sheet through the joint venture while retaining the development and property-management role and serving as the anchor tenant for the campus. The JV allows Meta to smooth its capital expenditures and manage risk while maintaining execution control over its most ambitious AI site to date. The structure incorporates lease agreements and a residual-value guarantee, according to Kirkland & Ellis (Blue Owl’s counsel), enabling lenders and equity holders to underwrite a very large, long-duration asset with multiple exit paths. For Blue Owl, Hyperion represents a utility-like digital-infrastructure platform with contracted cash flows to a single A-tier counterparty: a hyperscaler running mission-critical AI workloads for training and inference. As Barron’s and MarketWatch have noted, the deal underscores Wall Street’s ongoing appetite for AI-infrastructure investments at

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Microsoft will invest $80B in AI data centers in fiscal 2025

And Microsoft isn’t the only one that is ramping up its investments into AI-enabled data centers. Rival cloud service providers are all investing in either upgrading or opening new data centers to capture a larger chunk of business from developers and users of large language models (LLMs).  In a report published in October 2024, Bloomberg Intelligence estimated that demand for generative AI would push Microsoft, AWS, Google, Oracle, Meta, and Apple would between them devote $200 billion to capex in 2025, up from $110 billion in 2023. Microsoft is one of the biggest spenders, followed closely by Google and AWS, Bloomberg Intelligence said. Its estimate of Microsoft’s capital spending on AI, at $62.4 billion for calendar 2025, is lower than Smith’s claim that the company will invest $80 billion in the fiscal year to June 30, 2025. Both figures, though, are way higher than Microsoft’s 2020 capital expenditure of “just” $17.6 billion. The majority of the increased spending is tied to cloud services and the expansion of AI infrastructure needed to provide compute capacity for OpenAI workloads. Separately, last October Amazon CEO Andy Jassy said his company planned total capex spend of $75 billion in 2024 and even more in 2025, with much of it going to AWS, its cloud computing division.

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John Deere unveils more autonomous farm machines to address skill labor shortage

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Self-driving tractors might be the path to self-driving cars. John Deere has revealed a new line of autonomous machines and tech across agriculture, construction and commercial landscaping. The Moline, Illinois-based John Deere has been in business for 187 years, yet it’s been a regular as a non-tech company showing off technology at the big tech trade show in Las Vegas and is back at CES 2025 with more autonomous tractors and other vehicles. This is not something we usually cover, but John Deere has a lot of data that is interesting in the big picture of tech. The message from the company is that there aren’t enough skilled farm laborers to do the work that its customers need. It’s been a challenge for most of the last two decades, said Jahmy Hindman, CTO at John Deere, in a briefing. Much of the tech will come this fall and after that. He noted that the average farmer in the U.S. is over 58 and works 12 to 18 hours a day to grow food for us. And he said the American Farm Bureau Federation estimates there are roughly 2.4 million farm jobs that need to be filled annually; and the agricultural work force continues to shrink. (This is my hint to the anti-immigration crowd). John Deere’s autonomous 9RX Tractor. Farmers can oversee it using an app. While each of these industries experiences their own set of challenges, a commonality across all is skilled labor availability. In construction, about 80% percent of contractors struggle to find skilled labor. And in commercial landscaping, 86% of landscaping business owners can’t find labor to fill open positions, he said. “They have to figure out how to do

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2025 playbook for enterprise AI success, from agents to evals

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More 2025 is poised to be a pivotal year for enterprise AI. The past year has seen rapid innovation, and this year will see the same. This has made it more critical than ever to revisit your AI strategy to stay competitive and create value for your customers. From scaling AI agents to optimizing costs, here are the five critical areas enterprises should prioritize for their AI strategy this year. 1. Agents: the next generation of automation AI agents are no longer theoretical. In 2025, they’re indispensable tools for enterprises looking to streamline operations and enhance customer interactions. Unlike traditional software, agents powered by large language models (LLMs) can make nuanced decisions, navigate complex multi-step tasks, and integrate seamlessly with tools and APIs. At the start of 2024, agents were not ready for prime time, making frustrating mistakes like hallucinating URLs. They started getting better as frontier large language models themselves improved. “Let me put it this way,” said Sam Witteveen, cofounder of Red Dragon, a company that develops agents for companies, and that recently reviewed the 48 agents it built last year. “Interestingly, the ones that we built at the start of the year, a lot of those worked way better at the end of the year just because the models got better.” Witteveen shared this in the video podcast we filmed to discuss these five big trends in detail. Models are getting better and hallucinating less, and they’re also being trained to do agentic tasks. Another feature that the model providers are researching is a way to use the LLM as a judge, and as models get cheaper (something we’ll cover below), companies can use three or more models to

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OpenAI’s red teaming innovations define new essentials for security leaders in the AI era

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More OpenAI has taken a more aggressive approach to red teaming than its AI competitors, demonstrating its security teams’ advanced capabilities in two areas: multi-step reinforcement and external red teaming. OpenAI recently released two papers that set a new competitive standard for improving the quality, reliability and safety of AI models in these two techniques and more. The first paper, “OpenAI’s Approach to External Red Teaming for AI Models and Systems,” reports that specialized teams outside the company have proven effective in uncovering vulnerabilities that might otherwise have made it into a released model because in-house testing techniques may have missed them. In the second paper, “Diverse and Effective Red Teaming with Auto-Generated Rewards and Multi-Step Reinforcement Learning,” OpenAI introduces an automated framework that relies on iterative reinforcement learning to generate a broad spectrum of novel, wide-ranging attacks. Going all-in on red teaming pays practical, competitive dividends It’s encouraging to see competitive intensity in red teaming growing among AI companies. When Anthropic released its AI red team guidelines in June of last year, it joined AI providers including Google, Microsoft, Nvidia, OpenAI, and even the U.S.’s National Institute of Standards and Technology (NIST), which all had released red teaming frameworks. Investing heavily in red teaming yields tangible benefits for security leaders in any organization. OpenAI’s paper on external red teaming provides a detailed analysis of how the company strives to create specialized external teams that include cybersecurity and subject matter experts. The goal is to see if knowledgeable external teams can defeat models’ security perimeters and find gaps in their security, biases and controls that prompt-based testing couldn’t find. What makes OpenAI’s recent papers noteworthy is how well they define using human-in-the-middle

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