Your Gateway to Power, Energy, Datacenters, Bitcoin and AI

Dive into the latest industry updates, our exclusive Paperboy Newsletter, and curated insights designed to keep you informed. Stay ahead with minimal time spent.

Discover What Matters Most to You

Explore ONMINE’s curated content, from our Paperboy Newsletter to industry-specific insights tailored for energy, Bitcoin mining, and AI professionals.

AI

Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Bitcoin:

Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Datacenter:

Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Energy:

Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Shape
Discover What Matter Most to You

Featured Articles

OPEC Data Points to Balanced Global Oil Market in 2026

OPEC kept forecasts for global oil supplies and demand in 2026 steady, pointing to a balanced world market that clashes with widespread predictions of a surplus. The Organization of the Petroleum Exporting Countries and its allies will need to produce an average of 43 million barrels a day next year to balance supply and demand, roughly in line with the amount pumped last month, according to a report on OPEC’s website. This runs counter to prevailing industry expectations for a supply excess in 2026. Top trader Trafigura Group said this week it could amount to a “super glut,” and the International Energy Agency — while paring its projections in its report earlier Thursday — continues to expect a record overhang. Key OPEC+ nations led by Saudi Arabia acknowledged the fragile backdrop last month by agreeing to pause further output increases during the first quarter after rapidly ramping up production earlier this year.  The outlook from OPEC’s Vienna-based secretariat has proven excessively bullish in recent years. Last year, OPEC was ultimately forced to slash demand projections by 32% over the course of six monthly downgrades. In late 2023, it forecast a record inventory deficit that never materialized. WHAT DO YOU THINK? Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Read More »

US, Canada rig counts little changed

There was little movement in rig counts in the US and Canada the week ended Dec. 12, according to Baker Hughes. In the US, 548 rigs were working, down 1 unit from the prior week. The count is 41 units fewer than the 589 rigs working this time a year ago. Rigs drilling on land in the US totaled 528, up 1 rig from last week. Offshore units were down 2 to 17. The number of rigs drilling in inland waters was unchanged at 3. There were 10 rigs drilling in the Gulf of Mexico, down 2 from last week. The number of rigs drilling for oil and the number of rigs drilling for gas changed only slightly week-over-week. There were 414 rigs drilling for oil in the US this week, up 1 unit from last week and down 68 from the same time last year. The gas-directed rig count in the US was down 2 units to 127. That count is 24 more than the same period in 2024. Among the major oil and gas-producing states, New Mexico saw the largest drop in rigs. With 104 rigs running, the count is 3 fewer than this time last week. Colorado dropped 1 unit to end the week with 12 rigs working. Texas gained 2 units to end the week with 228. Louisiana and Ohio each added a single unit to end the week with 47 and 14 rigs working, respectively. With 192 rigs running in Canada, 1 additional rig was working this week. In Canada, 123 rigs were drilling for oil, down 3 units from last week, while oil-directed rigs increased by 4 units to 69 rigs working.

Read More »

EIA signals softer oil prices as inventories rise

Global oil markets are expected to move into a surplus over the coming months as production growth outpaces consumption, according to the US Energy Information Administration (EIA)’s latest Short-Term Energy Outlook (STEO). Oil price declines Rising inventories and easing geopolitical risk premiums are projected to place downward pressure on crude prices. In November, the average Brent crude oil spot price was $64/bbl, a decrease of $11/bbl from November 2024. The ongoing decline in crude oil prices is primarily driven by increasing production, which is outpacing the impact of rising drone attacks on Russia’s oil infrastructure and the latest sanctions imposed on the country’s oil sector. “We forecast that growing global oil production and lower demand over the winter will accelerate the accumulation of oil inventories, resulting in further crude oil price declines in the coming months. We forecast that the Brent price will drop to an average of $55/bbl in the first quarter of 2026 and will stay near that price for the rest of the year,” EIA said. EIA also forecasts that global oil inventory builds will exceed 2 million b/d in 2026, which is similar to this year’s increase. Persistent inventory accumulation may occupy commercial storage facilities on land, leading market participants to look for alternative, costlier storage solutions for crude oil, such as floating storage. Consequently, some of the declines in crude oil prices are likely to be attributed to the increased marginal costs associated with storage, EIA said. Price decline limiters However, although prices are expected to fall in 2026, both OPEC+ policy and China’s continued inventory builds will limit declines. “Given our expectation of substantial global oil inventory builds, we forecast OPEC+ will produce about 1.3 million b/d less than targeted production in 2026. On Nov. 30, OPEC+ reaffirmed plans to keep production flat in

Read More »

TotalEnergies to merge UK offshore assets to form NEO NEXT+

TotalEnergies will merge its UK offshore upstream business with NEO NEXT Energy Ltd.—a joint venture of HitecVision and Repsol—in what will become the largest independent oil and gas producer in the UK. Through the deal, TotalEnergies will become the largest shareholder (47.5%) in the expanded NEO NEXT, which will be renamed NEO NEXT+, the company said in a release Dec. 8. TotalEnergies’ UK Upstream assets include interests in the Alwyn/Dunbar area in the Northern North Sea and the Elgin/Franklin and Culzean areas in the Central North Sea. In 2024, TotalEnergies E&P UK Ltd. agreed to sell its West of Shetland assets in the UK to the Prax Group, but the deal did not close and Prax’s parent company entered liquidation in July 2025. Since then, Serica Energy has effectively taken over the assets through signed agreements with Prax Group and connected deals with TotalEnergies and One-Dyas. In 2024, TotalEnergies operated around 27% of the UK Continental Shelf’s (UKCS) gas production, with average daily equity production of 121,000 boe/d (70% gas). NEO NEXT+ is expected produce 250,000 boe/d in 2026, through a portfolio that, in addition to TotalEnergies’ UK assets, also includes NEO Energy’s and Repsol UK’s interests in the Elgin/Franklin complex and Penguins, Mariner, Shearwater, and Culzean fields.  After completion of the deal, expected in first-half 2026 subject to customary conditions and regulatory approvals, NEO NEXT+ will be jointly owned by TotalEnergies (47.5%), HitecVision (28.875%), and Repsol UK (23.625%). TotalEnergies UK will retain up to $2.3 billion of the decommissioning liabilities related to its legacy assets. NEO NEXT NEO NEXT, in a separate release Dec. 8, said additional details about NEO NEXT+ will be disclosed upon closing of the merger agreement with TotalEnergies.  Meantime, the UK Continental Shelf operator said it “will continue to seek other cash accretive transactions.” NEO

Read More »

Shell withdraws from Argentina LNG’s initial phase, project continues

Shell has withdrawn from the initial phase of the Argentina LNG development, a move that reshapes the early configuration of the export project designed to monetize Vaca Muerta’s unconventional gas resources through a plant to be built in Sierra Grande, Rio Negro province, on Argentina’s Atlantic coast.  The company’s withdrawal applies specifically to Phase 1, the “base module,” but Shell indicated it may consider involvement in later expansion stages depending on project progress and commercial conditions. In a statement, Shell said it continues to see Argentina as a potentially attractive growth market for LNG export, and that it is “continuing to explore expansion options with YPF for Argentina LNG.” Shell’s departure accelerated negotiations among remaining partners. YPF, ADNOC (through international unit XRG), and Eni SpA are finalizing a binding agreement that will formalize governance, technical responsibilities, and commercial terms for the restructured consortium. The binding agreement will enable JP Morgan, recently appointed as financial advisor, to begin structuring a project-finance package for the estimated US$20 billion capital requirement.  The consortium continues to target a final investment decision (FID) in first-half 2026. Despite Shell’s exit, the development plan for Phase 1 remains unchanged with plans for two floating LNG (FLNG) units with combined capacity of 12 million tonnes/year (tpy). A potential Phase 2 could expand the project to up to 18 million tpy. According to filings reviewed by regulators, Shell’s decision was due to alterations in project scope relative to the pre-FEED concept—in sequencing, risk allocation, and technical configuration—that no longer aligned with its criteria for participation.

Read More »

bp produces first oil from Gulf expansion, its seventh major upstream startup in 2025

bp plc has produced first oil from the Atlantis Drill Center 1 expansion project in the US Gulf of Mexico 2 months ahead of its original schedule. The Atlantis Drill Center 1 expansion, bp’s seventh major upstream startup for the year, adds two wells to an existing drill center. The subsea tieback extends the footprint of Atlantis field, which was discovered in 1998. The project is expected to add 15,000 boe/d gross peak annualized average production from the Atlantis moored floating platform, which operates in more than 7,000 ft of water about 150 miles south of New Orleans with production capacity of about 200,000 b/d of oil and 180 MMcfd. The Atlantis Drill Center 1 expansion is the second in a series of projects bp is planning in the US Gulf to boost production capacity to more than 400,000 boe/d from the region by 2030. Prior to the Atlantis Drill Center 1 project, bp started up major projects this year in Trinidad and Tobago, the UK North Sea, Egypt, Mauritania and Senegal, as well as Argos Southwest Expansion in the Gulf of Mexico. bp is operator at Atlantis (56%) with partner Woodside Energy (44%).

Read More »

OPEC Data Points to Balanced Global Oil Market in 2026

OPEC kept forecasts for global oil supplies and demand in 2026 steady, pointing to a balanced world market that clashes with widespread predictions of a surplus. The Organization of the Petroleum Exporting Countries and its allies will need to produce an average of 43 million barrels a day next year to balance supply and demand, roughly in line with the amount pumped last month, according to a report on OPEC’s website. This runs counter to prevailing industry expectations for a supply excess in 2026. Top trader Trafigura Group said this week it could amount to a “super glut,” and the International Energy Agency — while paring its projections in its report earlier Thursday — continues to expect a record overhang. Key OPEC+ nations led by Saudi Arabia acknowledged the fragile backdrop last month by agreeing to pause further output increases during the first quarter after rapidly ramping up production earlier this year.  The outlook from OPEC’s Vienna-based secretariat has proven excessively bullish in recent years. Last year, OPEC was ultimately forced to slash demand projections by 32% over the course of six monthly downgrades. In late 2023, it forecast a record inventory deficit that never materialized. WHAT DO YOU THINK? Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Read More »

US, Canada rig counts little changed

There was little movement in rig counts in the US and Canada the week ended Dec. 12, according to Baker Hughes. In the US, 548 rigs were working, down 1 unit from the prior week. The count is 41 units fewer than the 589 rigs working this time a year ago. Rigs drilling on land in the US totaled 528, up 1 rig from last week. Offshore units were down 2 to 17. The number of rigs drilling in inland waters was unchanged at 3. There were 10 rigs drilling in the Gulf of Mexico, down 2 from last week. The number of rigs drilling for oil and the number of rigs drilling for gas changed only slightly week-over-week. There were 414 rigs drilling for oil in the US this week, up 1 unit from last week and down 68 from the same time last year. The gas-directed rig count in the US was down 2 units to 127. That count is 24 more than the same period in 2024. Among the major oil and gas-producing states, New Mexico saw the largest drop in rigs. With 104 rigs running, the count is 3 fewer than this time last week. Colorado dropped 1 unit to end the week with 12 rigs working. Texas gained 2 units to end the week with 228. Louisiana and Ohio each added a single unit to end the week with 47 and 14 rigs working, respectively. With 192 rigs running in Canada, 1 additional rig was working this week. In Canada, 123 rigs were drilling for oil, down 3 units from last week, while oil-directed rigs increased by 4 units to 69 rigs working.

Read More »

EIA signals softer oil prices as inventories rise

Global oil markets are expected to move into a surplus over the coming months as production growth outpaces consumption, according to the US Energy Information Administration (EIA)’s latest Short-Term Energy Outlook (STEO). Oil price declines Rising inventories and easing geopolitical risk premiums are projected to place downward pressure on crude prices. In November, the average Brent crude oil spot price was $64/bbl, a decrease of $11/bbl from November 2024. The ongoing decline in crude oil prices is primarily driven by increasing production, which is outpacing the impact of rising drone attacks on Russia’s oil infrastructure and the latest sanctions imposed on the country’s oil sector. “We forecast that growing global oil production and lower demand over the winter will accelerate the accumulation of oil inventories, resulting in further crude oil price declines in the coming months. We forecast that the Brent price will drop to an average of $55/bbl in the first quarter of 2026 and will stay near that price for the rest of the year,” EIA said. EIA also forecasts that global oil inventory builds will exceed 2 million b/d in 2026, which is similar to this year’s increase. Persistent inventory accumulation may occupy commercial storage facilities on land, leading market participants to look for alternative, costlier storage solutions for crude oil, such as floating storage. Consequently, some of the declines in crude oil prices are likely to be attributed to the increased marginal costs associated with storage, EIA said. Price decline limiters However, although prices are expected to fall in 2026, both OPEC+ policy and China’s continued inventory builds will limit declines. “Given our expectation of substantial global oil inventory builds, we forecast OPEC+ will produce about 1.3 million b/d less than targeted production in 2026. On Nov. 30, OPEC+ reaffirmed plans to keep production flat in

Read More »

TotalEnergies to merge UK offshore assets to form NEO NEXT+

TotalEnergies will merge its UK offshore upstream business with NEO NEXT Energy Ltd.—a joint venture of HitecVision and Repsol—in what will become the largest independent oil and gas producer in the UK. Through the deal, TotalEnergies will become the largest shareholder (47.5%) in the expanded NEO NEXT, which will be renamed NEO NEXT+, the company said in a release Dec. 8. TotalEnergies’ UK Upstream assets include interests in the Alwyn/Dunbar area in the Northern North Sea and the Elgin/Franklin and Culzean areas in the Central North Sea. In 2024, TotalEnergies E&P UK Ltd. agreed to sell its West of Shetland assets in the UK to the Prax Group, but the deal did not close and Prax’s parent company entered liquidation in July 2025. Since then, Serica Energy has effectively taken over the assets through signed agreements with Prax Group and connected deals with TotalEnergies and One-Dyas. In 2024, TotalEnergies operated around 27% of the UK Continental Shelf’s (UKCS) gas production, with average daily equity production of 121,000 boe/d (70% gas). NEO NEXT+ is expected produce 250,000 boe/d in 2026, through a portfolio that, in addition to TotalEnergies’ UK assets, also includes NEO Energy’s and Repsol UK’s interests in the Elgin/Franklin complex and Penguins, Mariner, Shearwater, and Culzean fields.  After completion of the deal, expected in first-half 2026 subject to customary conditions and regulatory approvals, NEO NEXT+ will be jointly owned by TotalEnergies (47.5%), HitecVision (28.875%), and Repsol UK (23.625%). TotalEnergies UK will retain up to $2.3 billion of the decommissioning liabilities related to its legacy assets. NEO NEXT NEO NEXT, in a separate release Dec. 8, said additional details about NEO NEXT+ will be disclosed upon closing of the merger agreement with TotalEnergies.  Meantime, the UK Continental Shelf operator said it “will continue to seek other cash accretive transactions.” NEO

Read More »

Shell withdraws from Argentina LNG’s initial phase, project continues

Shell has withdrawn from the initial phase of the Argentina LNG development, a move that reshapes the early configuration of the export project designed to monetize Vaca Muerta’s unconventional gas resources through a plant to be built in Sierra Grande, Rio Negro province, on Argentina’s Atlantic coast.  The company’s withdrawal applies specifically to Phase 1, the “base module,” but Shell indicated it may consider involvement in later expansion stages depending on project progress and commercial conditions. In a statement, Shell said it continues to see Argentina as a potentially attractive growth market for LNG export, and that it is “continuing to explore expansion options with YPF for Argentina LNG.” Shell’s departure accelerated negotiations among remaining partners. YPF, ADNOC (through international unit XRG), and Eni SpA are finalizing a binding agreement that will formalize governance, technical responsibilities, and commercial terms for the restructured consortium. The binding agreement will enable JP Morgan, recently appointed as financial advisor, to begin structuring a project-finance package for the estimated US$20 billion capital requirement.  The consortium continues to target a final investment decision (FID) in first-half 2026. Despite Shell’s exit, the development plan for Phase 1 remains unchanged with plans for two floating LNG (FLNG) units with combined capacity of 12 million tonnes/year (tpy). A potential Phase 2 could expand the project to up to 18 million tpy. According to filings reviewed by regulators, Shell’s decision was due to alterations in project scope relative to the pre-FEED concept—in sequencing, risk allocation, and technical configuration—that no longer aligned with its criteria for participation.

Read More »

bp produces first oil from Gulf expansion, its seventh major upstream startup in 2025

bp plc has produced first oil from the Atlantis Drill Center 1 expansion project in the US Gulf of Mexico 2 months ahead of its original schedule. The Atlantis Drill Center 1 expansion, bp’s seventh major upstream startup for the year, adds two wells to an existing drill center. The subsea tieback extends the footprint of Atlantis field, which was discovered in 1998. The project is expected to add 15,000 boe/d gross peak annualized average production from the Atlantis moored floating platform, which operates in more than 7,000 ft of water about 150 miles south of New Orleans with production capacity of about 200,000 b/d of oil and 180 MMcfd. The Atlantis Drill Center 1 expansion is the second in a series of projects bp is planning in the US Gulf to boost production capacity to more than 400,000 boe/d from the region by 2030. Prior to the Atlantis Drill Center 1 project, bp started up major projects this year in Trinidad and Tobago, the UK North Sea, Egypt, Mauritania and Senegal, as well as Argos Southwest Expansion in the Gulf of Mexico. bp is operator at Atlantis (56%) with partner Woodside Energy (44%).

Read More »

OPEC Data Points to Balanced Global Oil Market in 2026

OPEC kept forecasts for global oil supplies and demand in 2026 steady, pointing to a balanced world market that clashes with widespread predictions of a surplus. The Organization of the Petroleum Exporting Countries and its allies will need to produce an average of 43 million barrels a day next year to balance supply and demand, roughly in line with the amount pumped last month, according to a report on OPEC’s website. This runs counter to prevailing industry expectations for a supply excess in 2026. Top trader Trafigura Group said this week it could amount to a “super glut,” and the International Energy Agency — while paring its projections in its report earlier Thursday — continues to expect a record overhang. Key OPEC+ nations led by Saudi Arabia acknowledged the fragile backdrop last month by agreeing to pause further output increases during the first quarter after rapidly ramping up production earlier this year.  The outlook from OPEC’s Vienna-based secretariat has proven excessively bullish in recent years. Last year, OPEC was ultimately forced to slash demand projections by 32% over the course of six monthly downgrades. In late 2023, it forecast a record inventory deficit that never materialized. WHAT DO YOU THINK? Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Read More »

Antero adds to Marcellus portfolio, Infinity picks up divested Ohio Utica interests

Antero Resources Corp., Denver, Co., has signed deals to expand its Marcellus shale footprint in West Virginia and to divest its certain Ohio Utica shale assets. Adding the Marcellus assets expands Antero Resources’ core acreage position, enhancing its position “as the premier liquids developer in the Marcellus,” and provides the company “with further dry gas optionality for local demand from data centers and natural gas fired power plants,” said Michael Kennedy, president and chief executive officer, in a release Dec. 8. Marcellus acquisition from HG Energy Through a deal to acquire the upstream assets of HG Energy II LLC, Parkersburg, WV, Antero aims to add 850 MMcfed of expected Marcellus production in 2026. The deal, expected to close in second-quarter 2026, was signed for $2.8 billion in cash plus the assumption of HG Energy’s commodity hedge book. Antero said about 90% of HG natural gas production is hedged in 2026 and 2027 at average NYMEX prices of $4.00 and $3.88, respectively. The deal adds 385,000 net acres offsetting Antero’s existing 475,000 net core Marcellus acreage position and includes over 400 additional locations that immediately compete for capital (75% liquids), the company said in a related investor presentation.  Antero said it anticipates capital synergies of about $550 million inclusive of development planning optimization and drilling and completions savings. Another $400 in income-related synergies is expected. Separately, Antero Midstream agreed to acquire the midstream assets from HG Energy for $1.1 billion in cash. The deal includes about 50 miles of bi-directional dry and rich gas gathering pipelines and water assets in which Antero plans to invest about $25 million to integrate with its legacy gathering and water system. Utica sale to Infinity Natural Resources Infinity Natural Resources Inc., in a release Dec. 8, said subsidiary Infinity Natural Resources LLC will acquire upstream and

Read More »

Market Focus: Oversupply takes center stage, fundamentals catch up with the market

@import url(‘https://fonts.googleapis.com/css2?family=Inter:[email protected]&display=swap’); a { color: var(–color-primary-main); } .ebm-page__main h1, .ebm-page__main h2, .ebm-page__main h3, .ebm-page__main h4, .ebm-page__main h5, .ebm-page__main h6 { font-family: Inter; } body { line-height: 150%; letter-spacing: 0.025em; font-family: Inter; } button, .ebm-button-wrapper { font-family: Inter; } .label-style { text-transform: uppercase; color: var(–color-grey); font-weight: 600; font-size: 0.75rem; } .caption-style { font-size: 0.75rem; opacity: .6; } #onetrust-pc-sdk [id*=btn-handler], #onetrust-pc-sdk [class*=btn-handler] { background-color: #c19a06 !important; border-color: #c19a06 !important; } #onetrust-policy a, #onetrust-pc-sdk a, #ot-pc-content a { color: #c19a06 !important; } #onetrust-consent-sdk #onetrust-pc-sdk .ot-active-menu { border-color: #c19a06 !important; } #onetrust-consent-sdk #onetrust-accept-btn-handler, #onetrust-banner-sdk #onetrust-reject-all-handler, #onetrust-consent-sdk #onetrust-pc-btn-handler.cookie-setting-link { background-color: #c19a06 !important; border-color: #c19a06 !important; } #onetrust-consent-sdk .onetrust-pc-btn-handler { color: #c19a06 !important; border-color: #c19a06 !important; } <!–> In this Market Focus episode of the Oil & Gas Journal ReEnterprised podcast, Conglin Xu, managing editor, economics, takes a look at the growing oversupply in global crude markets and the shift now under way as fundamentals begin overtaking sentiment and geopolitics as the primary price driver. ]–>

Read More »

Aramco, ExxonMobil weigh new chemical complex for Samref refinery

Saudi Aramco and partner ExxonMobil Corp. subsidiary Mobil Yanbu Refining Co. Inc. are discussing the possibility of executing a major overhaul and expansion of 50-50 joint venture Saudi Aramco-Mobil Refinery Co. Ltd.’s (Samref) 400,000-b/d Samref refinery in Yanbu, Saudi Arabia. As part of a venture framework agreement (VFA) signed on Dec. 8, the partners will evaluate potential capital investments to expand and diversify the refinery’s existing production slate, including the addition of a grassroots petrochemical complex at the site, Aramco said in a statement. In addition to upgrading and diversifying Samref’s production to include lower-emission, high-quality distillates and high-performance chemicals, the project scope would involve works to improve the refinery’s energy efficiency and implement a sitewide integrated emissions reduction strategy, according to Aramco. With the VFA now signed, the companies said they will begin the project’s preliminary front-end engineering and design (pre-FEED) study, which will focus on opportunities to maximize the site’s operational advantage and enhance its competitiveness while meeting Saudi Arabia’s growing demand for high-quality petrochemical products. For Aramco, the proposed project—the design of which aims to increase the conversion of crude oil and other petroleum liquids into higher-value chemicals—further reinforces the company’s commitment to creating further value of its overall downstream business as well as its liquids-to-chemicals strategy, according to Mohammed Y. Al Qahtani, Aramco’s downstream president. “[The proposed expansion and integration project] will also position Samref as a key driver in the growth of [Saudi Arabia’s] petrochemical sector,” Al Qahtani added. Without disclosing a timeline as to when the partners expect to complete the pre-FEED study or reach final investment decision, Aramco confirmed existing plans for the potential project would remain subject to market conditions and necessary regulatory approvals. Samref previously completed modifications and renovations at the Yanbu refinery in 2014-15 related to a two-phased clean-fuels project

Read More »

Harbour Energy to add North Sea assets through Waldorf acquisition

@import url(‘https://fonts.googleapis.com/css2?family=Inter:[email protected]&display=swap’); a { color: var(–color-primary-main); } .ebm-page__main h1, .ebm-page__main h2, .ebm-page__main h3, .ebm-page__main h4, .ebm-page__main h5, .ebm-page__main h6 { font-family: Inter; } body { line-height: 150%; letter-spacing: 0.025em; font-family: Inter; } button, .ebm-button-wrapper { font-family: Inter; } .label-style { text-transform: uppercase; color: var(–color-grey); font-weight: 600; font-size: 0.75rem; } .caption-style { font-size: 0.75rem; opacity: .6; } #onetrust-pc-sdk [id*=btn-handler], #onetrust-pc-sdk [class*=btn-handler] { background-color: #c19a06 !important; border-color: #c19a06 !important; } #onetrust-policy a, #onetrust-pc-sdk a, #ot-pc-content a { color: #c19a06 !important; } #onetrust-consent-sdk #onetrust-pc-sdk .ot-active-menu { border-color: #c19a06 !important; } #onetrust-consent-sdk #onetrust-accept-btn-handler, #onetrust-banner-sdk #onetrust-reject-all-handler, #onetrust-consent-sdk #onetrust-pc-btn-handler.cookie-setting-link { background-color: #c19a06 !important; border-color: #c19a06 !important; } #onetrust-consent-sdk .onetrust-pc-btn-handler { color: #c19a06 !important; border-color: #c19a06 !important; } Harbour Energy plc has agreed to acquire substantially all the subsidiaries of Waldorf Energy Partners Ltd. and Waldorf Production Ltd., currently in administration, for $170 million. The company, in a release Dec. 12, said the deal would add oil-weighted production of 20,000 boe/d and 2P reserves of 35 MMboe. In addition, the deal would increase Harbour’s interest in its operated Catcher oil and gas field to 90% from 50% and provide a new production base  for Harbour in the northern North Sea with the addition of a 29.5% non-operated interest in the EnQuest plc-operated Kraken oil field. The deal is expected to close in second-quarter 2026, subject to regulatory approvals and full and final settlement of all creditor claims against Waldorf’s subsidiaries.

Read More »

EIA: US oil inventories drop 1.8 million bbl

US commercial crude inventories for the week ended Dec. 5, excluding those in the Strategic Petroleum Reserve, dropped 1.8 million bbl from the previous week to 425.7 million bbl, which is about 4% below the average range for this time of year, according to the US Energy Information Administration’s (EIA) Weekly Petroleum Status Report. Total motor gasoline inventories gained 6.4 million bbl last week and are about 1% below the 5-year average range for this time of year. Finished gasoline inventories and blending components inventories rose. Distillate fuel inventories increased by 2.5 million bbl but are 7% below the 5-year average for this time of year. EIA reported that US crude refinery inputs last week averaged 16.9 million b/d, down 17,000 b/d from the previous week’s average. Refineries operated at 94.5% of their operable capacity. Gasoline production decreased to 9.6 million b/d, while distillate fuel production increased by 380,000 b/d, averaging 5.4 million b/d. US crude imports averaged 6.6 million b/d, up 609,000 b/d from the previous week’s average. Over the last 4 weeks, crude imports averaged 6.2 million b/d, down 7.7% from the same 4-week period last year. Total motor gasoline imports, including both finished gasoline and gasoline blending components, averaged 659,000 b/d. Distillate fuel imports averaged 181,000 b/d last week.

Read More »

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.

Read More »

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

Read More »

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

Read More »

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

Read More »

Three Aberdeen oil company headquarters sell for £45m

Three Aberdeen oil company headquarters have been sold in a deal worth £45 million. The CNOOC, Apache and Taqa buildings at the Prime Four business park in Kingswells have been acquired by EEH Ventures. The trio of buildings, totalling 275,000 sq ft, were previously owned by Canadian firm BMO. The financial services powerhouse first bought the buildings in 2014 but took the decision to sell the buildings as part of a “long-standing strategy to reduce their office exposure across the UK”. The deal was the largest to take place throughout Scotland during the last quarter of 2024. Trio of buildings snapped up London headquartered EEH Ventures was founded in 2013 and owns a number of residential, offices, shopping centres and hotels throughout the UK. All three Kingswells-based buildings were pre-let, designed and constructed by Aberdeen property developer Drum in 2012 on a 15-year lease. © Supplied by CBREThe Aberdeen headquarters of Taqa. Image: CBRE The North Sea headquarters of Middle-East oil firm Taqa has previously been described as “an amazing success story in the Granite City”. Taqa announced in 2023 that it intends to cease production from all of its UK North Sea platforms by the end of 2027. Meanwhile, Apache revealed at the end of last year it is planning to exit the North Sea by the end of 2029 blaming the windfall tax. The US firm first entered the North Sea in 2003 but will wrap up all of its UK operations by 2030. Aberdeen big deals The Prime Four acquisition wasn’t the biggest Granite City commercial property sale of 2024. American private equity firm Lone Star bought Union Square shopping centre from Hammerson for £111m. © ShutterstockAberdeen city centre. Hammerson, who also built the property, had originally been seeking £150m. BP’s North Sea headquarters in Stoneywood, Aberdeen, was also sold. Manchester-based

Read More »

2025 ransomware predictions, trends, and how to prepare

Zscaler ThreatLabz research team has revealed critical insights and predictions on ransomware trends for 2025. The latest Ransomware Report uncovered a surge in sophisticated tactics and extortion attacks. As ransomware remains a key concern for CISOs and CIOs, the report sheds light on actionable strategies to mitigate risks. Top Ransomware Predictions for 2025: ● AI-Powered Social Engineering: In 2025, GenAI will fuel voice phishing (vishing) attacks. With the proliferation of GenAI-based tooling, initial access broker groups will increasingly leverage AI-generated voices; which sound more and more realistic by adopting local accents and dialects to enhance credibility and success rates. ● The Trifecta of Social Engineering Attacks: Vishing, Ransomware and Data Exfiltration. Additionally, sophisticated ransomware groups, like the Dark Angels, will continue the trend of low-volume, high-impact attacks; preferring to focus on an individual company, stealing vast amounts of data without encrypting files, and evading media and law enforcement scrutiny. ● Targeted Industries Under Siege: Manufacturing, healthcare, education, energy will remain primary targets, with no slowdown in attacks expected. ● New SEC Regulations Drive Increased Transparency: 2025 will see an uptick in reported ransomware attacks and payouts due to new, tighter SEC requirements mandating that public companies report material incidents within four business days. ● Ransomware Payouts Are on the Rise: In 2025 ransom demands will most likely increase due to an evolving ecosystem of cybercrime groups, specializing in designated attack tactics, and collaboration by these groups that have entered a sophisticated profit sharing model using Ransomware-as-a-Service. To combat damaging ransomware attacks, Zscaler ThreatLabz recommends the following strategies. ● Fighting AI with AI: As threat actors use AI to identify vulnerabilities, organizations must counter with AI-powered zero trust security systems that detect and mitigate new threats. ● Advantages of adopting a Zero Trust architecture: A Zero Trust cloud security platform stops

Read More »

Improved Gemini audio models for powerful voice experiences

What customers are sayingGoogle Cloud customers are already using Gemini’s native audio capabilities to drive real business results, from mortgage processing to customer calls.“Users often forget they’re talking to AI within a minute of using Sidekick, and in some cases have thanked the bot after a long chat…New Live API AI capabilities offered through Gemini [2.5 Flash Native Audio] empower our merchants to win.” – David Wurtz, VP of Product, Shopify”By integrating the Gemini 2.5 Flash Native Audio model…we’ve significantly enhanced Mia’s capabilities since launching in May 2025. This powerful combination has enabled us to generate over 14,000 loans for our broker partners.” – Jason Bressler, Chief Technology Officer, United Wholesale Mortgage (UWM)“Working with the Gemini 2.5 Flash Native Audio model through Vertex AI allows Newo.ai AI Receptionists to achieve unmatched conversational intelligence … .They can identify the main speaker even in noisy settings, switch languages mid-conversation, and sound remarkably natural and emotionally expressive.” – David Yang, Co-founder, Newo.aiLive Speech TranslationGemini now natively supports new live speech-to-speech translation capabilities designed to handle both continuous listening and two-way conversation.With continuous listening, Gemini automatically translates speech in multiple languages into a single target language. This allows you to put headphones in and hear the world around you in your language.For two-way conversation, Gemini’s live speech translation handles translation between two languages in real-time, automatically switching the output language based on who is speaking. For example, if you speak English and want to chat with a Hindi speaker, you’ll hear English translations in real-time in your headphones, while your phone broadcasts Hindi when you’re done speaking.Gemini’s live speech translation has a number of key capabilities that help in the real world:Language coverage: Translate speech in over 70 languages and 2000 language pairs by combining Gemini model’s world knowledge and multilingual capabilities with its native audio capabilitiesStyle transfer: Captures the nuance of human speech, preserving the speaker’s intonation, pacing and pitch so the translation sounds natural.Multilingual input: Understands multiple languages simultaneously in a single session, helping you follow multilingual conversations without needing to fiddle around with language settings.Auto detection: Identifies the spoken language and begins translation, so you don’t even need to know what language is being spoken to start translating.Noise robustness: Filters out ambient noise so you can converse comfortably even in loud, outdoor environments.

Read More »

The Download: expanded carrier screening, and how Southeast Asia plans to get to space

This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Expanded carrier screening: Is it worth it? Carrier screening  tests would-be parents for hidden genetic mutations that might affect their children. It initially involved testing for specific genes in at-risk populations. Expanded carrier screening takes things further, giving would-be parents an option to test for a wide array of diseases in prospective parents and egg and sperm donors.
The companies offering these screens “started out with 100 genes, and now some of them go up to 2,000,” Sara Levene, genetics counsellor at Guided Genetics, said at a meeting I attended this week. “It’s becoming a bit of an arms race amongst labs, to be honest.” But expanded carrier screening comes with downsides. And it isn’t for everyone. Read the full story.
—Jessica Hamzelou This article first appeared in The Checkup, MIT Technology Review’s weekly biotech newsletter. To receive it in your inbox every Thursday, and read articles like this first, sign up here. Southeast Asia seeks its place in space It’s a scorching October day in Bangkok and I’m wandering through the exhibits at the Thai Space Expo, held in one of the city’s busiest shopping malls, when I do a double take. Amid the flashy space suits and model rockets on display, there’s a plain-looking package of Thai basil chicken. I’m told the same kind of vacuum-­sealed package has just been launched to the International Space Station.It’s an unexpected sight, one that reflects the growing excitement within the Southeast Asian space sector. And while there is some uncertainty about how exactly the region’s space sector may evolve, there is plenty of optimism, too. Read the full story. —Jonathan O’Callaghan This story is from the next print issue of MIT Technology Review magazine. If you haven’t already, subscribe now to receive future issues once they land.

The must-reads I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology. 1 Disney just signed a major deal with OpenAIMeaning you’ll soon be able to create Sora clips starring 200 Marvel, Pixel and Star Wars characters. (Hollywood Reporter $)+ Disney used to be openly skeptical of AI. What changed? (WSJ $)+ It’s not feeling quite so friendly towards Google, however. (Ars Technica)+ Expect a load of AI slop making its way to Disney Plus. (The Verge) 2 Donald Trump has blocked US states from enforcing their own AI rulesBut technically, only Congress has the power to override state laws. (NYT $)+ A new task force will seek out states with “inconsistent” AI rules. (Engadget)+ The move is particularly bad news for California. (The Markup)3 Reddit is challenging Australia’s social media ban for teensIt’s arguing that the ban infringes on their freedom of political communication. (Bloomberg $)+ We’re learning more about the mysterious machinations of the teenage brain. (Vox)4 ChatGPT’s “adult mode” is due to launch early next yearBut OpenAI admits it needs to improve its age estimation tech first. (The Verge)+ It’s pretty easy to get DeepSeek to talk dirty. (MIT Technology Review) 5 The death of Running Tide’s carbon removal dreamThe company’s demise is a wake-up call to others dabbling in experimental tech. (Wired $)+ We first wrote about Running Tide’s issues back in 2022. (MIT Technology Review)+ What’s next for carbon removal? (MIT Technology Review)6 That dirty-talking AI teddy bear wasn’t a one-offIt turns out that a wide range of LLM-powered toys aren’t suitable for children. (NBC News) + AI toys are all the rage in China—and now they’re appearing on shelves in the US too. (MIT Technology Review) 7 These are the cheapest places to create a fake online accountFor a few cents, scammers can easily set up bots. (FT $) 8 How professors are attempting to AI-proof examsChatGPT won’t help you cut corners to ace an oral examination. (WP $) 9 Can a font be woke?Marco Rubio seems to think so. (The Atlantic $)10 Next year is all about maximalist circus decor 🎪That’s according to Pinterest’s trend predictions for 2026. (The Guardian)
Quote of the day
 “Trump is delivering exactly what his billionaire benefactors demanded—all at the expense of our kids, our communities, our workers, and our planet.”  —Senator Ed Markey criticizes Donald Trump’s decision to sign an order cracking down on US states’ ability to self-regulate AI, the Wall Street Journal reports. One more thing Taiwan’s “silicon shield” could be weakeningTaiwanese politics increasingly revolves around one crucial question: Will China invade? China’s ruling party has wanted to seize Taiwan for more than half a century. But in recent years, China’s leader, Xi Jinping, has placed greater emphasis on the idea of “taking back” the island (which the Chinese Communist Party, or CCP, has never controlled).Many in Taiwan and elsewhere think one major deterrent has to do with the island’s critical role in semiconductor manufacturing. Taiwan produces the majority of the world’s semiconductors and more than 90% of the most advanced chips needed for AI applications.But now some Taiwan specialists and some of the island’s citi­zens are worried that this “silicon shield,” if it ever existed, is cracking. Read the full story. —Johanna M. Costigan
We can still have nice things A place for comfort, fun and distraction to brighten up your day. (Got any ideas? Drop me a line or skeet ’em at me.)+ Reasons to be cheerful: people are actually nicer than we think they are.+ This year’s Krampus Run in Whitby—the Yorkshire town that inspired Bram Stoker’s Dracula—looks delightfully spooky.+ How to find the magic in that most mundane of locations: the airport.+ The happiest of birthdays to Dionne Warwick, who turns 85 today.

Read More »

Southeast Asia seeks its place in space

__________________________Thai Space Expo October 16-18, 2025___Bangkok, Thailand It’s a scorching October day in Bangkok and I’m wandering through the exhibits at the Thai Space Expo, held in one of the city’s busiest shopping malls, when I do a double take. Amid the flashy space suits and model rockets on display, there’s a plain-looking package of Thai basil chicken. I’m told the same kind of vacuum-­sealed package has just been launched to the International Space Station. “This is real chicken that we sent to space,” says a spokesperson for the business behind the stunt, Charoen Pokphand Foods, the biggest food company in Thailand. It’s an unexpected sight, one that reflects the growing excitement within the Southeast Asian space sector. At the expo, held among designer shops and street-food stalls, enthusiastic attendees have converged from emerging space nations such as Vietnam, Malaysia, Singapore, and of course Thailand to showcase Southeast Asia’s fledgling space industry. While there is some uncertainty about how exactly the region’s space sector may evolve, there is plenty of optimism, too. “Southeast Asia is perfectly positioned to take leadership as a space hub,” says Candace Johnson, a partner in Seraphim Space, a UK investment firm that operates in Singapore. “There are a lot of opportunities.”
A sample package of pad krapow was also on display.COURTESY OF THE AUTHOR For example, Thailand may build a spaceport to launch rockets in the next few years, the country’s Geo-Informatics and Space Technology Development Agency announced the day before the expo started. “We don’t have a spaceport in Southeast Asia,” says Atipat Wattanuntachai, acting head of the space economy advancement division at the agency. “We saw a gap.” Because Thailand is so close to the equator, those rockets would get an additional boost from Earth’s rotation. All kinds of companies here are exploring how they might tap into the global space economy. VegaCosmos, a startup based in Hanoi, Vietnam, is looking at ways to use satellite data for urban planning. The Electricity Generating Authority of Thailand is monitoring rainstorms from space to predict landslides. And the startup Spacemap, from Seoul, South Korea, is developing a new tool to better track satellites in orbit, which the US Space Force has invested in.
It’s the space chicken that caught my eye, though, perhaps because it reflects the juxtaposition of tradition and modernity seen across Bangkok, a city of ancient temples nestled next to glittering skyscrapers. In June, astronauts on the space station were treated to this popular dish, known as pad krapow. It’s more commonly served up by street vendors, but this time it was delivered on a private mission operated by the US-based company Axiom Space. Charoen Pokphand is now using the stunt to say its chicken is good enough for NASA (sadly, I wasn’t able to taste it to weigh in). Other Southeast Asian industries could also lend expertise to future space missions. Johnson says the region could leverage its manufacturing prowess to develop better semiconductors for satellites, for example, or break into the in-space manufacturing market. I left the expo on a Thai longboat down the Chao Phraya River that weaves through Bangkok, with visions of astronauts tucking into some pad krapow in my head and imagining what might come next. Jonathan O’Callaghan is a freelance space journalist based in Bangkok who covers commercial spaceflight, astrophysics, and space exploration.

Read More »

Expanded carrier screening: Is it worth it?

This week I’ve been thinking about babies. Healthy ones. Perfect ones. As you may have read last week, my colleague Antonio Regalado came face to face with a marketing campaign in the New York subway asking people to “have your best baby.” The company behind that campaign, Nucleus Genomics, says it offers customers a way to select embryos for a range of traits, including height and IQ. It’s an extreme proposition, but it does seem to be growing in popularity—potentially even in the UK, where it’s illegal. The other end of the screening spectrum is transforming too. Carrier screening, which tests would-be parents for hidden genetic mutations that might affect their children, initially involved testing for specific genes in at-risk populations. Now, it’s open to almost everyone who can afford it. Companies will offer to test for hundreds of genes to help people make informed decisions when they try to become parents. But expanded carrier screening comes with downsides. And it isn’t for everyone.
That’s what I found earlier this week when I attended the Progress Educational Trust’s annual conference in London. First, a bit of background. Our cells carry 23 pairs of chromosomes, each with thousands of genes. The same gene—say, one that codes for eye color—can come in different forms, or alleles. If the allele is dominant, you only need one copy to express that trait. That’s the case for the allele responsible for brown eyes. 
If the allele is recessive, the trait doesn’t show up unless you have two copies. This is the case with the allele responsible for blue eyes, for example. Things get more serious when we consider genes that can affect a person’s risk of disease. Having a single recessive disease-causing gene typically won’t cause you any problems. But a genetic disease could show up in children who inherit the same recessive gene from both parents. There’s a 25% chance that two “carriers” will have an affected child. And those cases can come as a shock to the parents, who tend to have no symptoms and no family history of disease. This can be especially problematic in communities with high rates of those alleles. Consider Tay-Sachs disease—a rare and fatal neurodegenerative disorder caused by a recessive genetic mutation. Around one in 25 members of the Ashkenazi Jewish population is a healthy carrier for Tay-Sachs. Screening would-be parents for those recessive genes can be helpful. Carrier screening efforts in the Jewish community, which have been running since the 1970s, have massively reduced cases of Tay-Sachs. Expanded carrier screening takes things further. Instead of screening for certain high-risk alleles in at-risk populations, there’s an option to test for a wide array of diseases in prospective parents and egg and sperm donors. The companies offering these screens “started out with 100 genes, and now some of them go up to 2,000,” Sara Levene, genetics counsellor at Guided Genetics, said at the meeting. “It’s becoming a bit of an arms race amongst labs, to be honest.” There are benefits to expanded carrier screening. In most cases, the results are reassuring. And if something is flagged, prospective parents have options; they can often opt for additional testing to get more information about a particular pregnancy, for example, or choose to use other donor eggs or sperm to get pregnant. But there are also downsides. For a start, the tests can’t entirely rule out the risk of genetic disease. Earlier this week, the BBC reported news of a sperm donor who had unwittingly passed on to at least 197 children in Europe a genetic mutation that dramatically increased the risk of cancer. Some of those children have already died. It’s a tragic case. That donor had passed screening checks. The (dominant) mutation appears to have occurred in his testes, affecting around 20% of his sperm. It wouldn’t have shown up in a screen for recessive alleles, or even a blood test. Even recessive diseases can be influenced by many genes, some of which won’t be included in the screen. And the screens don’t account for other factors that could influence a person’s risk of disease, such as epigenetics, microbiome, or even lifestyle.

“There’s always a 3% to 4% chance [of having] a child with a medical issue regardless of the screening performed,” said Jackson Kirkman-Brown, professor of reproductive biology at the University of Birmingham, at the meeting. The tests can also cause stress. As soon as a clinician even mentions expanded carrier screening, it adds to the mental load of the patient, said Kirkman-Brown: “We’re saying this is another piece of information you need to worry about.” People can also feel pressured to undergo expanded carrier screening even when they are ambivalent about it, said Heidi Mertes, a medical ethicist at Ghent University. “Once the technology is there, people feel like if they don’t take this opportunity up, then they are kind of doing something wrong or missing out,” she said. My takeaway from the presentations was that while expanded carrier screening can be useful, especially for people from populations with known genetic risks, it won’t be for everyone. I also worry that, as with the genetic tests offered by Nucleus, its availability gives the impression that it is possible to have a “perfect” baby—even if that only means “free from disease.” The truth is that there’s a lot about reproduction that we can’t control. The decision to undergo expanded carrier screening is a personal choice. But as Mertes noted at the meeting: “Just because you can doesn’t mean you should.” This article first appeared in The Checkup, MIT Technology Review’s weekly biotech newsletter. To receive it in your inbox every Thursday, and read articles like this first, sign up here.

Read More »

The Download: solar geoengineering’s future, and OpenAI is being sued

This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Solar geoengineering startups are getting serious Solar geoengineering aims to manipulate the climate by bouncing sunlight back into space. In theory, it could ease global warming. But as interest in the idea grows, so do concerns about potential consequences.A startup called Stardust Solutions recently raised a $60 million funding round, the largest known to date for a geoengineering startup. My colleague James Temple has a new story out about the company, and how its emergence is making some researchers nervous.So far, the field has been limited to debates, proposed academic research, and—sure—a few fringe actors to keep an eye on. Now things are getting more serious. So what does it mean for geoengineering, and for the climate? Read the full story. —Casey Crownhart
This article is from The Spark, MIT Technology Review’s weekly climate newsletter. To receive it in your inbox every Wednesday, sign up here. If you’re interested in reading more about solar geoengineering, check out:
+ Why the for-profit race into solar geoengineering is bad for science and public trust. Read the full story.+ Why we need more research—including outdoor experiments—to make better-informed decisions about such climate interventions.+ The hard lessons of Harvard’s failed geoengineering experiment, which was officially terminated last year. Read the full story.+ How this London nonprofit became one of the biggest backers of geoengineering research.+ The technology could alter the entire planet. These groups want every nation to have a say. The must-reads I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology. 1 OpenAI is being sued for wrongful deathBy the estate of a woman killed by her son after he engaged in delusion-filled conversations with ChatGPT. (WSJ $)+ The chatbot appeared to validate Stein-Erik Soelberg’s conspiratorial ideas. (WP $)+ It’s the latest in a string of wrongful death legal actions filed against chatbot makers. (ABC News)2 ICE is tracking pregnant immigrants through specifically-developed smartwatchesThey’re unable to take the devices off, even during labor. (The Guardian)+ Pregnant and postpartum women say they’ve been detained in solitary confinement. (Slate $)+ Another effort to track ICE raids has been taken offline. (MIT Technology Review)3 Meta’s new AI hires aren’t making friends with the rest of the companyTensions are rife between the AGI team and other divisions. (NYT $)+ Mark Zuckerberg is keen to make money off the company’s AI ambitions. (Bloomberg $)+ Meanwhile, what’s life like for the remaining Scale AI team? (Insider $) 4 Google DeepMind is building its first materials science lab in the UKIt’ll focus on developing new materials to build superconductors and solar cells. (FT $)  5 The new space race is to build orbital data centersAnd Blue Origin is winning, apparently. (WSJ $)+ Plenty of companies are jostling for their slice of the pie. (The Verge)+ Should we be moving data centers to space? (MIT Technology Review)6 Inside the quest to find out what causes Parkinson’sA growing body of work suggests it may not be purely genetic after all. (Wired $) 7 Are you in TikTok’s cat niche? If so, you’re likely to be in these other niches too. (WP $)8 Why do our brains get tired? 🧠💤Researchers are trying to get to the bottom of it.  (Nature $)

9 Microsoft’s boss has built his own cricket app 🏏Satya Nadella can’t get enough of the sound of leather on willow. (Bloomberg $) 10 How much vibe coding is too much vibe coding? One journalist’s journey into the heart of darkness. (Rest of World)+ What is vibe coding, exactly? (MIT Technology Review) Quote of the day “I feel so much pain seeing his sad face…I hope for a New Year’s miracle.” —A child in Russia sends a message to the Kremlin-aligned Safe Internet League explaining the impact of the country’s decision to block access to the wildly popular gaming platform Roblox on their brother, the Washington Post reports.  One more thing
Why it’s so hard to stop tech-facilitated abuseAfter Gioia had her first child with her then husband, he installed baby monitors throughout their home—to “watch what we were doing,” she says, while he went to work. She’d turn them off; he’d get angry. By the time their third child turned seven, Gioia and her husband had divorced, but he still found ways to monitor her behavior.  One Christmas, he gave their youngest a smartwatch. Gioia showed it to a tech-savvy friend, who found that the watch had a tracking feature turned on. It could be turned off only by the watch’s owner—her ex.
Gioia is far from alone. In fact, tech-facilitated abuse now occurs in most cases of intimate partner violence—and we’re doing shockingly little to prevent it. Read the full story.  —Jessica Klein

Read More »

Solar geoengineering startups are getting serious

Solar geoengineering aims to manipulate the climate by bouncing sunlight back into space. In theory, it could ease global warming. But as interest in the idea grows, so do concerns about potential consequences. A startup called Stardust Solutions recently raised a $60 million funding round, the largest known to date for a geoengineering startup. My colleague James Temple has a new story out about the company, and how its emergence is making some researchers nervous. So far, the field has been limited to debates, proposed academic research, and—sure—a few fringe actors to keep an eye on. Now things are getting more serious. What does it mean for geoengineering, and for the climate? Researchers have considered the possibility of addressing planetary warming this way for decades. We already know that volcanic eruptions, which spew sulfur dioxide into the atmosphere, can reduce temperatures. The thought is that we could mimic that natural process by spraying particles up there ourselves.
The prospect is a controversial one, to put it lightly. Many have concerns about unintended consequences and uneven benefits. Even public research led by top institutions has faced barriers—one famous Harvard research program was officially canceled last year after years of debate. One of the difficulties of geoengineering is that in theory a single entity, like a startup company, could make decisions that have a widespread effect on the planet. And in the last few years, we’ve seen more interest in geoengineering from the private sector. 
Three years ago, James broke the story that Make Sunsets, a California-based company, was already releasing particles into the atmosphere in an effort to tweak the climate. The company’s CEO Luke Iseman went to Baja California in Mexico, stuck some sulfur dioxide into a weather balloon, and sent it skyward. The amount of material was tiny, and it’s not clear that it even made it into the right part of the atmosphere to reflect any sunlight. But fears that this group or others could go rogue and do their own geoengineering led to widespread backlash. Mexico announced plans to restrict geoengineering experiments in the country a few weeks after that news broke. You can still buy cooling credits from Make Sunsets, and the company was just granted a patent for its system. But the startup is seen as something of a fringe actor. Ask AIWhy it matters to you?BETAHere’s why this story might matter to you, according to AI. This is a beta feature and AI hallucinates—it might get weirdTell me why it mattersEnter Stardust Solutions. The company has been working under the radar for a few years, but it has started talking about its work more publicly this year. In October, it announced a significant funding round, led by some top names in climate investing. “Stardust is serious, and now it’s raised serious money from serious people,” as James puts it in his new story. That’s making some experts nervous. Even those who believe we should be researching geoengineering are concerned about what it means for private companies to do so. “Adding business interests, profit motives, and rich investors into this situation just creates more cause for concern, complicating the ability of responsible scientists and engineers to carry out the work needed to advance our understanding,” write David Keith and Daniele Visioni, two leading figures in geoengineering research, in a recent opinion piece for MIT Technology Review. Stardust insists that it won’t move forward with any geoengineering until and unless it’s commissioned to do so by governments and there are rules and bodies in place to govern use of the technology.

But there’s no telling how financial pressure might change that, down the road. And we’re already seeing some of the challenges faced by a private company in this space: the need to keep trade secrets. Stardust is currently not sharing information about the particles it intends to release into the sky, though it says it plans to do so once it secures a patent, which could happen as soon as next year. The company argues that its proprietary particles will be safe, cheap to manufacture, and easier to track than the already abundant sulfur dioxide. But at this point, there’s no way for external experts to evaluate those claims. As Keith and Visioni put it: “Research won’t be useful unless it’s trusted, and trust depends on transparency.” This article is from The Spark, MIT Technology Review’s weekly climate newsletter. To receive it in your inbox every Wednesday, sign up here.

Read More »

OPEC Data Points to Balanced Global Oil Market in 2026

OPEC kept forecasts for global oil supplies and demand in 2026 steady, pointing to a balanced world market that clashes with widespread predictions of a surplus. The Organization of the Petroleum Exporting Countries and its allies will need to produce an average of 43 million barrels a day next year to balance supply and demand, roughly in line with the amount pumped last month, according to a report on OPEC’s website. This runs counter to prevailing industry expectations for a supply excess in 2026. Top trader Trafigura Group said this week it could amount to a “super glut,” and the International Energy Agency — while paring its projections in its report earlier Thursday — continues to expect a record overhang. Key OPEC+ nations led by Saudi Arabia acknowledged the fragile backdrop last month by agreeing to pause further output increases during the first quarter after rapidly ramping up production earlier this year.  The outlook from OPEC’s Vienna-based secretariat has proven excessively bullish in recent years. Last year, OPEC was ultimately forced to slash demand projections by 32% over the course of six monthly downgrades. In late 2023, it forecast a record inventory deficit that never materialized. WHAT DO YOU THINK? Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Read More »

US, Canada rig counts little changed

There was little movement in rig counts in the US and Canada the week ended Dec. 12, according to Baker Hughes. In the US, 548 rigs were working, down 1 unit from the prior week. The count is 41 units fewer than the 589 rigs working this time a year ago. Rigs drilling on land in the US totaled 528, up 1 rig from last week. Offshore units were down 2 to 17. The number of rigs drilling in inland waters was unchanged at 3. There were 10 rigs drilling in the Gulf of Mexico, down 2 from last week. The number of rigs drilling for oil and the number of rigs drilling for gas changed only slightly week-over-week. There were 414 rigs drilling for oil in the US this week, up 1 unit from last week and down 68 from the same time last year. The gas-directed rig count in the US was down 2 units to 127. That count is 24 more than the same period in 2024. Among the major oil and gas-producing states, New Mexico saw the largest drop in rigs. With 104 rigs running, the count is 3 fewer than this time last week. Colorado dropped 1 unit to end the week with 12 rigs working. Texas gained 2 units to end the week with 228. Louisiana and Ohio each added a single unit to end the week with 47 and 14 rigs working, respectively. With 192 rigs running in Canada, 1 additional rig was working this week. In Canada, 123 rigs were drilling for oil, down 3 units from last week, while oil-directed rigs increased by 4 units to 69 rigs working.

Read More »

EIA signals softer oil prices as inventories rise

Global oil markets are expected to move into a surplus over the coming months as production growth outpaces consumption, according to the US Energy Information Administration (EIA)’s latest Short-Term Energy Outlook (STEO). Oil price declines Rising inventories and easing geopolitical risk premiums are projected to place downward pressure on crude prices. In November, the average Brent crude oil spot price was $64/bbl, a decrease of $11/bbl from November 2024. The ongoing decline in crude oil prices is primarily driven by increasing production, which is outpacing the impact of rising drone attacks on Russia’s oil infrastructure and the latest sanctions imposed on the country’s oil sector. “We forecast that growing global oil production and lower demand over the winter will accelerate the accumulation of oil inventories, resulting in further crude oil price declines in the coming months. We forecast that the Brent price will drop to an average of $55/bbl in the first quarter of 2026 and will stay near that price for the rest of the year,” EIA said. EIA also forecasts that global oil inventory builds will exceed 2 million b/d in 2026, which is similar to this year’s increase. Persistent inventory accumulation may occupy commercial storage facilities on land, leading market participants to look for alternative, costlier storage solutions for crude oil, such as floating storage. Consequently, some of the declines in crude oil prices are likely to be attributed to the increased marginal costs associated with storage, EIA said. Price decline limiters However, although prices are expected to fall in 2026, both OPEC+ policy and China’s continued inventory builds will limit declines. “Given our expectation of substantial global oil inventory builds, we forecast OPEC+ will produce about 1.3 million b/d less than targeted production in 2026. On Nov. 30, OPEC+ reaffirmed plans to keep production flat in

Read More »

TotalEnergies to merge UK offshore assets to form NEO NEXT+

TotalEnergies will merge its UK offshore upstream business with NEO NEXT Energy Ltd.—a joint venture of HitecVision and Repsol—in what will become the largest independent oil and gas producer in the UK. Through the deal, TotalEnergies will become the largest shareholder (47.5%) in the expanded NEO NEXT, which will be renamed NEO NEXT+, the company said in a release Dec. 8. TotalEnergies’ UK Upstream assets include interests in the Alwyn/Dunbar area in the Northern North Sea and the Elgin/Franklin and Culzean areas in the Central North Sea. In 2024, TotalEnergies E&P UK Ltd. agreed to sell its West of Shetland assets in the UK to the Prax Group, but the deal did not close and Prax’s parent company entered liquidation in July 2025. Since then, Serica Energy has effectively taken over the assets through signed agreements with Prax Group and connected deals with TotalEnergies and One-Dyas. In 2024, TotalEnergies operated around 27% of the UK Continental Shelf’s (UKCS) gas production, with average daily equity production of 121,000 boe/d (70% gas). NEO NEXT+ is expected produce 250,000 boe/d in 2026, through a portfolio that, in addition to TotalEnergies’ UK assets, also includes NEO Energy’s and Repsol UK’s interests in the Elgin/Franklin complex and Penguins, Mariner, Shearwater, and Culzean fields.  After completion of the deal, expected in first-half 2026 subject to customary conditions and regulatory approvals, NEO NEXT+ will be jointly owned by TotalEnergies (47.5%), HitecVision (28.875%), and Repsol UK (23.625%). TotalEnergies UK will retain up to $2.3 billion of the decommissioning liabilities related to its legacy assets. NEO NEXT NEO NEXT, in a separate release Dec. 8, said additional details about NEO NEXT+ will be disclosed upon closing of the merger agreement with TotalEnergies.  Meantime, the UK Continental Shelf operator said it “will continue to seek other cash accretive transactions.” NEO

Read More »

Shell withdraws from Argentina LNG’s initial phase, project continues

Shell has withdrawn from the initial phase of the Argentina LNG development, a move that reshapes the early configuration of the export project designed to monetize Vaca Muerta’s unconventional gas resources through a plant to be built in Sierra Grande, Rio Negro province, on Argentina’s Atlantic coast.  The company’s withdrawal applies specifically to Phase 1, the “base module,” but Shell indicated it may consider involvement in later expansion stages depending on project progress and commercial conditions. In a statement, Shell said it continues to see Argentina as a potentially attractive growth market for LNG export, and that it is “continuing to explore expansion options with YPF for Argentina LNG.” Shell’s departure accelerated negotiations among remaining partners. YPF, ADNOC (through international unit XRG), and Eni SpA are finalizing a binding agreement that will formalize governance, technical responsibilities, and commercial terms for the restructured consortium. The binding agreement will enable JP Morgan, recently appointed as financial advisor, to begin structuring a project-finance package for the estimated US$20 billion capital requirement.  The consortium continues to target a final investment decision (FID) in first-half 2026. Despite Shell’s exit, the development plan for Phase 1 remains unchanged with plans for two floating LNG (FLNG) units with combined capacity of 12 million tonnes/year (tpy). A potential Phase 2 could expand the project to up to 18 million tpy. According to filings reviewed by regulators, Shell’s decision was due to alterations in project scope relative to the pre-FEED concept—in sequencing, risk allocation, and technical configuration—that no longer aligned with its criteria for participation.

Read More »

bp produces first oil from Gulf expansion, its seventh major upstream startup in 2025

bp plc has produced first oil from the Atlantis Drill Center 1 expansion project in the US Gulf of Mexico 2 months ahead of its original schedule. The Atlantis Drill Center 1 expansion, bp’s seventh major upstream startup for the year, adds two wells to an existing drill center. The subsea tieback extends the footprint of Atlantis field, which was discovered in 1998. The project is expected to add 15,000 boe/d gross peak annualized average production from the Atlantis moored floating platform, which operates in more than 7,000 ft of water about 150 miles south of New Orleans with production capacity of about 200,000 b/d of oil and 180 MMcfd. The Atlantis Drill Center 1 expansion is the second in a series of projects bp is planning in the US Gulf to boost production capacity to more than 400,000 boe/d from the region by 2030. Prior to the Atlantis Drill Center 1 project, bp started up major projects this year in Trinidad and Tobago, the UK North Sea, Egypt, Mauritania and Senegal, as well as Argos Southwest Expansion in the Gulf of Mexico. bp is operator at Atlantis (56%) with partner Woodside Energy (44%).

Read More »

Stay Ahead with the Paperboy Newsletter

Your weekly dose of insights into AI, Bitcoin mining, Datacenters and Energy indusrty news. Spend 3-5 minutes and catch-up on 1 week of news.

Smarter with ONMINE

Streamline Your Growth with ONMINE