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Energy Secretary Announces Cancellation of Three Proposed National Interest Electric Transmission Corridors

WASHINGTON—U.S. Secretary of Energy Chris Wright today announced that the U.S. Department of Energy (DOE) will not move forward with designating the three proposed National Interest Electric Transmission Corridors (NIETCs) previously selected in December 2024 to advance in the review process. “Extensive review, including public feedback and stakeholder input, made clear that the current designation process for these three proposed transmission corridors should not continue,” said Secretary Wright. “Transmission policy must serve the American people—not special interests or a climate-alarmist agenda that drives up costs, worsens reliability, and disregards the concerns of local communities. The Trump Administration is committed to strengthening America’s electric grid with common-sense policies that prioritize delivering affordable, reliable, and secure electricity to American families and businesses.” The previous administration touted the Lake Erie–Canada Corridor, the Southwestern Grid Connector Corridor, and the Tribal Energy Access Corridor, as a means to advance their Green New Scam agenda and “accelerate decarbonization.” As the process unfolded, the current designation framework proved ineffective in strengthening grid reliability and reducing electricity costs. In some communities, it also contributed to confusion and concern about the scope and intent of NIETC authority. Thanks to President Trump and Secretary Wright, DOE has already taken numerous steps to build new transmission infrastructure and modernize existing infrastructure, including: In October 2025, DOE’s Office of Energy Dominance Financing (EDF) closed a $1.6 billion loan guarantee to AEP Transmission to reconductor and rebuild nearly 5,000 miles of transmission lines across five states.  In February 2026, DOE’s Office of Energy Dominance Financing (EDF) closed $26.5 billion in loans to Southern Company subsidiaries Georgia power and Alabama Power to support generation and grid investments, including more than 1,300 miles of transmission and grid enhancement projects.  In March 2026, DOE’s Office of Electricity (OE) announced the $1.9 billion SPARK funding opportunity to

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ConocoPhillips Alaska’s Coyote 3SX project achieves first oil

@import url(‘https://fonts.googleapis.com/css2?family=Inter:wght@100..900&display=swap’); .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; } 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; } ConocoPhillips Alaska has achieved first oil from the Coyote 3SX development in the Kuparuk River Unit (KRU) on state land on Alaska’s North Slope. The operator sanctioned the $800-million project in October 2025 and began construction in early 2026. The development includes a pad expansion, installation of more than 20 miles of pipeline, and a 19-well drilling program. The additional pipeline infrastructure will support increased production from Coyote as volumes ramp up in 2026 and beyond, said Erec Isaacson, president of ConocoPhillips Alaska. The project leverages existing infrastructure to bring new production online while supporting throughput in the Trans-Alaska Pipeline System, the company said in its release Aug. 12. Expected peak production is 12,000 b/d (gross).

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Mega plans 27% increase in Vaca Muerta NGL production

Compañía Mega SA will invest about $360 million to expand its capacity to separate, process, transport, and store natural gas liquids produced in Argentina’s Neuquén basin. On July 31, the evaluation committee approved the project for inclusion in Argentina’s Large Investment Incentive Regime (RIGI). The expansion will add about 1,500 tonnes/day of NGL production, equivalent to more than 500,000 tonnes/year of incremental output and an increase of about 27% from the company’s current production capacity. The work will be carried out between now and yearend 2028 at installations in Neuquén, Río Negro, La Pampa, and Buenos Aires provinces. At the Loma La Lata separation plant in Neuquén, the scope includes expansion and modification of the slug catcher, debottlenecking work, and installation of an additional turbocompressor and a new NGL vessel. The modifications will increase inlet separation and processing capacity and adapt the infrastructure to gas streams with higher liquids content associated with continued development of Vaca Muerta. Mega also will build two pumping stations on the roughly 600-km pipeline connecting Loma La Lata with Bahía Blanca: PS3 at General Roca, Río Negro, and PS4 at La Adela, La Pampa. The additional pumping capacity will increase system throughput and accommodate the incremental NGL volume without construction of a parallel pipeline. At the Bahía Blanca fractionation plant, Mega will add NGL storage capacity and carry out electrical upgrades and improvements to the steam and condensate systems. About 80% of incremental production will be marketed internationally as propane, butane, and natural gasoline. The remaining 20% will supply the domestic market, primarily as ethane feedstock for Argentina’s petrochemical industry. Mega currently processes about 40% of the natural gas produced in Neuquén basin. Its integrated infrastructure includes NGL separation at Loma La Lata, pipeline transportation to Bahía Blanca, and downstream fractionation, storage, and product loading.

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Trump administration extends Jones Act waivers amid continued supply constraints

White House spokeswoman Taylor Rogers said the 90-day extension ensures the US military and key industries maintain uninterrupted access to critical resources. “Data shows the waiver has driven a significant increase in domestic deliveries of essential products such as gasoline, diesel, and jet fuel,” Rogers said in a post on X. The administration has granted 208 exemptions to the Jones Act over a 4.5-month period ending Aug. 3. The American Petroleum Institute (API) welcomed the move. The extension will “ensure critical fuels reach the regions that need them most” and “help protect consumers from unnecessary price volatility,” said Kristin Whitman, API’s senior vice-president of government relations. The initial waivers drew objections from the US maritime industry, which fears continued exemptions could imperil new US shipbuilding. The Jones Act requires cargo moving between US ports to be carried on vessels that are built in the US, owned by US companies, and crewed by American mariners. Supporters say it fortifies national security by sustaining a domestic fleet and mariner pool available in wartime.

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Murphy Oil adds $300 million to 2026 capex plans

@import url(‘https://fonts.googleapis.com/css2?family=Inter:wght@100..900&display=swap’); .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; } 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; } Murphy Oil Corp., Houston, is supersizing its 2026 capital spending budget as its leaders look to build on a Côte d’Ivoire oil discovery in June and aim to have Eagle Ford production fund more offshore growth. Three months ago, president and chief executive officer Eric Hambly and his team said they expected Murphy to spend $1.2-1.3 billion on development, exploration, and appraisal projects this year. While reporting second-quarter results Aug. 5, they said that range now stands at $1.5-1.6 billion. Here’s how the $300 million jump breaks down: About $190 million will go to the company’s Bubale play offshore Côte d’Ivoire, where teams discovered oil in June. Of that $190 million, $100 million will go toward incremental spending on the discovery well while $90 million will help fund a first appraisal well. $70 million is being pumped into Murphy’s Eagle Ford operations, which will produce about 40,000 boe/d this quarter. The added investment should add 5,000-6,000 boe/d next year and generate cash to help fund investments elsewhere. $40 million is being earmarked for Chinook #8, a development well in the US Gulf of Mexico that’s expected to come online in the fourth quarter. Murphy Oil Corp. Murphy

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Venture Global sees shift coming in ratio of capex to cash flows

The leaders of Venture Global Inc., Arlington, Va., have nudged their 2026 capital spending guidance to the top of their previous range but on Aug. 11 told investors that future investments will shrink relative to the cash flows from the company’s LNG plants. Chief executive officer Mike Sabel and his team also have lifted their forecast for Venture Global’s 2026 earnings before interest, taxes, depreciation and amortization by more than $500 million after a bumper second quarter and plan to sign more shorter-term contracts with customers eager to secure supply as the Iran war has dragged on. Venture Global teams are working to expand the company’s Plaquemines and CP2 plants in Louisiana – a first phase at the former is on track for a commercial operation date late this year – with an eye to growing total capacity to 85 million tonnes/year (tpy) by end-2029. That process requires a lot of cash: Venture Global spent more than $27 billion on capital projects in 2024 and 2025 combined and Sabel and his lieutenants expect capex to be $13 billion this year. That forecast is a small increase from their previous guidance of $12 billion to $13 billion. But, speaking on an Aug. 11 conference call discussing Venture Global’s second-quarter results, chief financial officer Jack Thayer said the spending pendulum should soon begin to swing away from massive projects. Bolt-on work at Plaquemines and CP2 remain attractive growth options, he added, but the company’s cash will have more options in the relatively near future. “The relative scale of the incremental capital investment is expected to decline compared to our growing cash flows, creating more opportunities for other capital allocation priorities,” Thayer said, who also pointed to a more than doubling of Venture Global’s quarterly dividend. “Specifically, we plan to continue to retire

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Energy Secretary Announces Cancellation of Three Proposed National Interest Electric Transmission Corridors

WASHINGTON—U.S. Secretary of Energy Chris Wright today announced that the U.S. Department of Energy (DOE) will not move forward with designating the three proposed National Interest Electric Transmission Corridors (NIETCs) previously selected in December 2024 to advance in the review process. “Extensive review, including public feedback and stakeholder input, made clear that the current designation process for these three proposed transmission corridors should not continue,” said Secretary Wright. “Transmission policy must serve the American people—not special interests or a climate-alarmist agenda that drives up costs, worsens reliability, and disregards the concerns of local communities. The Trump Administration is committed to strengthening America’s electric grid with common-sense policies that prioritize delivering affordable, reliable, and secure electricity to American families and businesses.” The previous administration touted the Lake Erie–Canada Corridor, the Southwestern Grid Connector Corridor, and the Tribal Energy Access Corridor, as a means to advance their Green New Scam agenda and “accelerate decarbonization.” As the process unfolded, the current designation framework proved ineffective in strengthening grid reliability and reducing electricity costs. In some communities, it also contributed to confusion and concern about the scope and intent of NIETC authority. Thanks to President Trump and Secretary Wright, DOE has already taken numerous steps to build new transmission infrastructure and modernize existing infrastructure, including: In October 2025, DOE’s Office of Energy Dominance Financing (EDF) closed a $1.6 billion loan guarantee to AEP Transmission to reconductor and rebuild nearly 5,000 miles of transmission lines across five states.  In February 2026, DOE’s Office of Energy Dominance Financing (EDF) closed $26.5 billion in loans to Southern Company subsidiaries Georgia power and Alabama Power to support generation and grid investments, including more than 1,300 miles of transmission and grid enhancement projects.  In March 2026, DOE’s Office of Electricity (OE) announced the $1.9 billion SPARK funding opportunity to

Read More »

ConocoPhillips Alaska’s Coyote 3SX project achieves first oil

@import url(‘https://fonts.googleapis.com/css2?family=Inter:wght@100..900&display=swap’); .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; } 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; } ConocoPhillips Alaska has achieved first oil from the Coyote 3SX development in the Kuparuk River Unit (KRU) on state land on Alaska’s North Slope. The operator sanctioned the $800-million project in October 2025 and began construction in early 2026. The development includes a pad expansion, installation of more than 20 miles of pipeline, and a 19-well drilling program. The additional pipeline infrastructure will support increased production from Coyote as volumes ramp up in 2026 and beyond, said Erec Isaacson, president of ConocoPhillips Alaska. The project leverages existing infrastructure to bring new production online while supporting throughput in the Trans-Alaska Pipeline System, the company said in its release Aug. 12. Expected peak production is 12,000 b/d (gross).

Read More »

Mega plans 27% increase in Vaca Muerta NGL production

Compañía Mega SA will invest about $360 million to expand its capacity to separate, process, transport, and store natural gas liquids produced in Argentina’s Neuquén basin. On July 31, the evaluation committee approved the project for inclusion in Argentina’s Large Investment Incentive Regime (RIGI). The expansion will add about 1,500 tonnes/day of NGL production, equivalent to more than 500,000 tonnes/year of incremental output and an increase of about 27% from the company’s current production capacity. The work will be carried out between now and yearend 2028 at installations in Neuquén, Río Negro, La Pampa, and Buenos Aires provinces. At the Loma La Lata separation plant in Neuquén, the scope includes expansion and modification of the slug catcher, debottlenecking work, and installation of an additional turbocompressor and a new NGL vessel. The modifications will increase inlet separation and processing capacity and adapt the infrastructure to gas streams with higher liquids content associated with continued development of Vaca Muerta. Mega also will build two pumping stations on the roughly 600-km pipeline connecting Loma La Lata with Bahía Blanca: PS3 at General Roca, Río Negro, and PS4 at La Adela, La Pampa. The additional pumping capacity will increase system throughput and accommodate the incremental NGL volume without construction of a parallel pipeline. At the Bahía Blanca fractionation plant, Mega will add NGL storage capacity and carry out electrical upgrades and improvements to the steam and condensate systems. About 80% of incremental production will be marketed internationally as propane, butane, and natural gasoline. The remaining 20% will supply the domestic market, primarily as ethane feedstock for Argentina’s petrochemical industry. Mega currently processes about 40% of the natural gas produced in Neuquén basin. Its integrated infrastructure includes NGL separation at Loma La Lata, pipeline transportation to Bahía Blanca, and downstream fractionation, storage, and product loading.

Read More »

Trump administration extends Jones Act waivers amid continued supply constraints

White House spokeswoman Taylor Rogers said the 90-day extension ensures the US military and key industries maintain uninterrupted access to critical resources. “Data shows the waiver has driven a significant increase in domestic deliveries of essential products such as gasoline, diesel, and jet fuel,” Rogers said in a post on X. The administration has granted 208 exemptions to the Jones Act over a 4.5-month period ending Aug. 3. The American Petroleum Institute (API) welcomed the move. The extension will “ensure critical fuels reach the regions that need them most” and “help protect consumers from unnecessary price volatility,” said Kristin Whitman, API’s senior vice-president of government relations. The initial waivers drew objections from the US maritime industry, which fears continued exemptions could imperil new US shipbuilding. The Jones Act requires cargo moving between US ports to be carried on vessels that are built in the US, owned by US companies, and crewed by American mariners. Supporters say it fortifies national security by sustaining a domestic fleet and mariner pool available in wartime.

Read More »

Murphy Oil adds $300 million to 2026 capex plans

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Venture Global sees shift coming in ratio of capex to cash flows

The leaders of Venture Global Inc., Arlington, Va., have nudged their 2026 capital spending guidance to the top of their previous range but on Aug. 11 told investors that future investments will shrink relative to the cash flows from the company’s LNG plants. Chief executive officer Mike Sabel and his team also have lifted their forecast for Venture Global’s 2026 earnings before interest, taxes, depreciation and amortization by more than $500 million after a bumper second quarter and plan to sign more shorter-term contracts with customers eager to secure supply as the Iran war has dragged on. Venture Global teams are working to expand the company’s Plaquemines and CP2 plants in Louisiana – a first phase at the former is on track for a commercial operation date late this year – with an eye to growing total capacity to 85 million tonnes/year (tpy) by end-2029. That process requires a lot of cash: Venture Global spent more than $27 billion on capital projects in 2024 and 2025 combined and Sabel and his lieutenants expect capex to be $13 billion this year. That forecast is a small increase from their previous guidance of $12 billion to $13 billion. But, speaking on an Aug. 11 conference call discussing Venture Global’s second-quarter results, chief financial officer Jack Thayer said the spending pendulum should soon begin to swing away from massive projects. Bolt-on work at Plaquemines and CP2 remain attractive growth options, he added, but the company’s cash will have more options in the relatively near future. “The relative scale of the incremental capital investment is expected to decline compared to our growing cash flows, creating more opportunities for other capital allocation priorities,” Thayer said, who also pointed to a more than doubling of Venture Global’s quarterly dividend. “Specifically, we plan to continue to retire

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US Gulf lease sale generates $82.7 million, 76% higher than March sale

The US Department of the Interior said Aug. 12 that the Marine Minerals Administration’s (MMA) Lease Sale Big Beautiful Gulf 3 (BBG3) generated about $82.7 million in high bids for 59 blocks in federal waters of the Gulf of Mexico. Sixteen companies submitted 69 bids totaling over $99 million, with Chevron USA Inc., Arena Energy LLC, and Anadarko US Offshore LLC emerging as the sale’s top winners. While BBG3’s preliminary sales revenues were about 76% higher than Lease Sale BBG2’s $47 million in March, they were 72% below BBG1’s $300 million in December 2025, held after a 2-year leasing pause. Chevron and Anadarko, securing 13 and 8 winning bids, respectively, focused strategies on mostly competitive, deepwater blocks. In contrast, Arena’s 10-winning-bid approach involved entirely uncontested shallow-water leases, mainly in Eugene Island (5 blocks) and Matagorda Island (3 blocks). Chevron won 4 blocks in Green Canyon, 4 in Keathley Canyon, 3 in East Breaks, and 2 in Mississippi Canyon. Anadarko prevailed in Keathley Canyon (4 blocks), Mississippi Canyon (2 blocks), and Green Canyon and Walker Ridge (1 winning bid each). Green Canyon received the most total bids, with a combined total of 13 bids placed across 12 different lease blocks. Keathley Canyon followed with 10 total bids across 5 blocks due to multi-bid competition on individual tracts. While most blocks offered attracted a single bid, Keathley Canyon Blocks 258 and 430 received the most competition, with 4 bids and 3 bids, respectively. Anadarko won both blocks, outbidding BP, Chevron, and Shell for Keathley Canyon 258 and Chevron and Shell for Block 430. MMA offered about 15,100 unleased blocks covering 80.4 million acres across the Western, Central, and portions of the Eastern Gulf Planning Areas. The blocks lie 3-231 miles offshore in water depths of 9-11,100 ft. The lease terms include a 12.5% royalty

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Mora Energy closes two Permian basin acquisitions, expands capital base

Mora Energy, Dallas, Tex., has closed two acquisitions to establish a natural gas gathering, compression, and treating platform in the Midland basin, and has secured additional equity commitments and a new credit facility to support growth. The company acquired Tejon Treating and Carbon Solutions LLC from funds managed by Bayswater Exploration & Production LLC. Tejon, formed in 2023, provides natural gas gathering, compression, and sour gas treating in the northeastern Midland basin through its Mongoose gas plant.  Mora also acquired West Texas Midstream Gas Services LLC, known as the Quail system, from Williams Cos. Inc. The system includes natural gas gathering and compression infrastructure in the northwestern Midland basin. Combined, the acquisitions include about 200 miles of natural gas gathering pipeline, four compressor stations, an amine treating plant, and an acid gas injection well. Mora’s operations now span Andrews, Martin, Howard, Borden, Scurry, and Mitchell counties, Tex. To support further expansion, Mora secured increased equity commitments from funds managed by NGP Energy Capital Management LLC and entered into a new credit facility led by BOK Financial and Huntington Bank. The acquisitions mark Mora’s return to owning and operating midstream infrastructure in the Permian basin, said Elliot Gerson, chief executive officer. “We are excited to be back in the market and intend to move quickly to pursue both organic development and acquisition opportunities,” Gerson said. “With the increased support from NGP and our new credit facility, we have the financial flexibility to grow our footprint.”

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LLOG sanctions Gulf of Mexico Who Dat East development

LLOG Exploration, now a part of Harbour Energy, sanctioned the development of Who Dat East field in the US Gulf of Mexico, said partner Karoon Energy in an Aug. 12 release. The Who Dat East project lies in 1,300 m of water in lease MC 509-1. The project consists of a one-well development comprising completion of the 2024 Who Dat East discovery well, construction of a 29-km pipeline to the Who Dat floating production system (FPS), installation of subsea controls, and minor upgrades to the FPS. First production is expected in second-half 2028 at an initial gross production rate of about 6,500 b/d of liquids and 50 MMscfd of gas. Who Dat East oil and gas production will be co-mingled, transported, and processed through the existing Who Dat infrastructure and will follow the same routes to market. Who Dat East 1C contingent resources are 4.0 million bbl of oil and 30.1 bcf gas for a total of 9.1 MMboe. LLOG is operator of the Who Dat East joint venture with 40% interest. Partners are Karoon USA (40%) and Westlawn Americas Offshore (20%).

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IEA revises down 2026 oil demand forecast

Global oil supply, market balance tighten Global oil supply increased by 2.4 million b/d in July to 101.5 million b/d but remained 6.3 million b/d lower than the same period last year, with 8.3 million b/d of production still shut down in the Gulf region. “Renewed hostilities and maritime disruptions in July and early August undermined the recovery efforts, reducing projected third-quarter 2026 oil supply by 1.7 million b/d compared with last month’s report,” IEA said. Global oil supply is now projected to decline by 4.3 million b/d on average in 2026 and rebound by 8.3 million b/d next year to 110.3 million b/d. The global oil balance is now expected to show a deficit of 1.8 million b/d in third-quarter 2026, IEA said, more than double the estimate of around 800,000 b/d in last month’s report. “Although the market is projected to return to surplus towards the end of this year, risks remain substantial and the urgency of reopening the Strait has increased, as previously available inventory buffers are rapidly depleting,” IEA said. Refinery runs remain under pressure Global refinery crude throughputs increased further in July, but remained nearly 5 million b/d lower than the same period last year, at 80.9 million b/d. Continued disruptions to Middle Eastern refined product exports and attacks on Russian refineries are expected to lead to a further decline of 370,000 b/d in refinery utilization rates in the third quarter of 2026. Global throughputs are currently projected to decline by an average of 2.5 million b/d in 2026, before rebounding by 3.5 million b/d in 2027. Tightening supply in the light and medium distillate markets has pushed up crack spreads and margins in the Atlantic Basin to record highs. Global monitored crude oil inventories plunged by 69 million b/d in July, due to renewed

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Brazos Midstream to double gas processing capacity of Midland basin Cassidy complex

Brazos Midstream is adding a second 300-MMcfd cryogenic natural gas plant that will double processing capacity of subsidiary Brazos Midstream Operating III LLC’s soon-to-be commissioned Cassidy complex in Glasscock County, Tex., about 12 miles west of Garden City, in the Midland basin of the Texas Permian. Scheduled to enter service in summer 2027, the newly proposed Cassidy II plant will join the operator’s previously announced 300-MMcfd Cassidy I plant—due for mechanical completion by November 2026 and startup by yearend—to lift the Glasscock County complex’s processing capabilities to 600 MMcfd and the operator’s overall nameplate capacity in Midland basin to 1.1 bcfd, Brazos Midstream said in a release Aug. 11. Already supported by long-term acreage dedications covering about 575,000 acres now in full-scale development from and by the operator’s private and publicly traded producer customers, the proposed Cassidy expansion will enhance Brazos Midstream’s ability to further accommodate increased production in the region, the company said. Presently equipped to accommodate 500 MMcfd of gas volumes in Midland basin following startup of its 200-MMcfd Sundance I and 300-MMcfd Sundance II gas plants in mid-2024 and early 2026, respectively, at the company’s Sundance complex in Martin County, Tex., anticipated startup of the Cassidy I plant later this year will enable the operator’s Midland basin processing system to handle already oversubscribed volumes. Brazos Midstream said volumes currently moving from customers to the Sundance complex—equipped with an overall nameplate capacity of only 500 MMcfd—are exceeding 700 MMcfd following the recent addition of its new long-term contract with an unidentified supermajor. “Our producer customers are accelerating development in deeper formations like the Barnett, with higher gas-to-oil ratios, dramatically increasing natural gas production across the Brazos system,” said Stephen Luskey, Brazos Midstream’s chief commercial officer. “This growth coupled with our continued commercial success unlocks the next phase of

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Arrow Energy advances Surat Gas Project

@import url(‘https://fonts.googleapis.com/css2?family=Inter:wght@100..900&display=swap’); .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; } 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; } <!–> Arrow Energy will begin developing the next phase of its Surat Gas Project (SGP) in late 2026 in an area south of Chinchilla in southeast Queensland, Australia. ]–> Map from Arrow Energy Arrow Energy plans to begin developing the next phase of its Surat Gas Project later this year.  <!–> ]–> <!–> Surat Gas Project Central will construct gas production infrastructure and facilities over a 7-year period in Surat basin, with first gas targeted by 2028. Once fully operational, the project will deliver up to 700 terajoules/day of natural gas. Gas from the Surat Gas Project supplies customers under Arrow’s various contracts, including the Braemar 2 power station near Dalby. Arrow holds licenses to produce and explore from Wandoan to an area southwest of Toowoomba, with development phases underway near Miles, the Dalby region, and south of Chinchilla. ]–>

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LG rolls out new AI services to help consumers with daily tasks

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More LG kicked off the AI bandwagon today with a new set of AI services to help consumers in their daily tasks at home, in the car and in the office. The aim of LG’s CES 2025 press event was to show how AI will work in a day of someone’s life, with the goal of redefining the concept of space, said William Joowan Cho, CEO of LG Electronics at the event. The presentation showed LG is fully focused on bringing AI into just about all of its products and services. Cho referred to LG’s AI efforts as “affectionate intelligence,” and he said it stands out from other strategies with its human-centered focus. The strategy focuses on three things: connected devices, capable AI agents and integrated services. One of things the company announced was a strategic partnership with Microsoft on AI innovation, where the companies pledged to join forces to shape the future of AI-powered spaces. One of the outcomes is that Microsoft’s Xbox Ultimate Game Pass will appear via Xbox Cloud on LG’s TVs, helping LG catch up with Samsung in offering cloud gaming natively on its TVs. LG Electronics will bring the Xbox App to select LG smart TVs. That means players with LG Smart TVs will be able to explore the Gaming Portal for direct access to hundreds of games in the Game Pass Ultimate catalog, including popular titles such as Call of Duty: Black Ops 6, and upcoming releases like Avowed (launching February 18, 2025). Xbox Game Pass Ultimate members will be able to play games directly from the Xbox app on select LG Smart TVs through cloud gaming. With Xbox Game Pass Ultimate and a compatible Bluetooth-enabled

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Big tech must stop passing the cost of its spiking energy needs onto the public

Julianne Malveaux is an MIT-educated economist, author, educator and political commentator who has written extensively about the critical relationship between public policy, corporate accountability and social equity.  The rapid expansion of data centers across the U.S. is not only reshaping the digital economy but also threatening to overwhelm our energy infrastructure. These data centers aren’t just heavy on processing power — they’re heavy on our shared energy infrastructure. For Americans, this could mean serious sticker shock when it comes to their energy bills. Across the country, many households are already feeling the pinch as utilities ramp up investments in costly new infrastructure to power these data centers. With costs almost certain to rise as more data centers come online, state policymakers and energy companies must act now to protect consumers. We need new policies that ensure the cost of these projects is carried by the wealthy big tech companies that profit from them, not by regular energy consumers such as family households and small businesses. According to an analysis from consulting firm Bain & Co., data centers could require more than $2 trillion in new energy resources globally, with U.S. demand alone potentially outpacing supply in the next few years. This unprecedented growth is fueled by the expansion of generative AI, cloud computing and other tech innovations that require massive computing power. Bain’s analysis warns that, to meet this energy demand, U.S. utilities may need to boost annual generation capacity by as much as 26% by 2028 — a staggering jump compared to the 5% yearly increases of the past two decades. This poses a threat to energy affordability and reliability for millions of Americans. Bain’s research estimates that capital investments required to meet data center needs could incrementally raise consumer bills by 1% each year through 2032. That increase may

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Final 45V hydrogen tax credit guidance draws mixed response

Dive Brief: The final rule for the 45V clean hydrogen production tax credit, which the U.S. Treasury Department released Friday morning, drew mixed responses from industry leaders and environmentalists. Clean hydrogen development within the U.S. ground to a halt following the release of the initial guidance in December 2023, leading industry participants to call for revisions that would enable more projects to qualify for the tax credit. While the final rule makes “significant improvements” to Treasury’s initial proposal, the guidelines remain “extremely complex,” according to the Fuel Cell and Hydrogen Energy Association. FCHEA President and CEO Frank Wolak and other industry leaders said they look forward to working with the Trump administration to refine the rule. Dive Insight: Friday’s release closed what Wolak described as a “long chapter” for the hydrogen industry. But industry reaction to the final rule was decidedly mixed, and it remains to be seen whether the rule — which could be overturned as soon as Trump assumes office — will remain unchanged. “The final 45V rule falls short,” Marty Durbin, president of the U.S. Chamber’s Global Energy Institute, said in a statement. “While the rule provides some of the additional flexibility we sought, … we believe that it still will leave billions of dollars of announced projects in limbo. The incoming Administration will have an opportunity to improve the 45V rules to ensure the industry will attract the investments necessary to scale the hydrogen economy and help the U.S. lead the world in clean manufacturing.” But others in the industry felt the rule would be sufficient for ending hydrogen’s year-long malaise. “With this added clarity, many projects that have been delayed may move forward, which can help unlock billions of dollars in investments across the country,” Kim Hedegaard, CEO of Topsoe’s Power-to-X, said in a statement. Topsoe

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Texas, Utah, Last Energy challenge NRC’s ‘overburdensome’ microreactor regulations

Dive Brief: A 69-year-old Nuclear Regulatory Commission rule underpinning U.S. nuclear reactor licensing exceeds the agency’s statutory authority and creates an unreasonable burden for microreactor developers, the states of Texas and Utah and advanced nuclear technology company Last Energy said in a lawsuit filed Dec. 30 in federal court in Texas. The plaintiffs asked the Eastern District of Texas court to exempt Last Energy’s 20-MW reactor design and research reactors located in the plaintiff states from the NRC’s definition of nuclear “utilization facilities,” which subjects all U.S. commercial and research reactors to strict regulatory scrutiny, and order the NRC to develop a more flexible definition for use in future licensing proceedings. Regardless of its merits, the lawsuit underscores the need for “continued discussion around proportional regulatory requirements … that align with the hazards of the reactor and correspond to a safety case,” said Patrick White, research director at the Nuclear Innovation Alliance. Dive Insight: Only three commercial nuclear reactors have been built in the United States in the past 28 years, and none are presently under construction, according to a World Nuclear Association tracker cited in the lawsuit. “Building a new commercial reactor of any size in the United States has become virtually impossible,” the plaintiffs said. “The root cause is not lack of demand or technology — but rather the [NRC], which, despite its name, does not really regulate new nuclear reactor construction so much as ensure that it almost never happens.” More than a dozen advanced nuclear technology developers have engaged the NRC in pre-application activities, which the agency says help standardize the content of advanced reactor applications and expedite NRC review. Last Energy is not among them.  The pre-application process can itself stretch for years and must be followed by a formal application that can take two

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Qualcomm unveils AI chips for PCs, cars, smart homes and enterprises

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Qualcomm unveiled AI technologies and collaborations for PCs, cars, smart homes and enterprises at CES 2025. At the big tech trade show in Las Vegas, Qualcomm Technologies showed how it’s using AI capabilities in its chips to drive the transformation of user experiences across diverse device categories, including PCs, automobiles, smart homes and into enterprises. The company unveiled the Snapdragon X platform, the fourth platform in its high-performance PC portfolio, the Snapdragon X Series, bringing industry-leading performance, multi-day battery life, and AI leadership to more of the Windows ecosystem. Qualcomm has talked about how its processors are making headway grabbing share from the x86-based AMD and Intel rivals through better efficiency. Qualcomm’s neural processing unit gets about 45 TOPS, a key benchmark for AI PCs. The Snapdragon X family of AI PC processors. Additionally, Qualcomm Technologies showcased continued traction of the Snapdragon X Series, with over 60 designs in production or development and more than 100 expected by 2026. Snapdragon for vehicles Qualcomm demoed chips that are expanding its automotive collaborations. It is working with Alpine, Amazon, Leapmotor, Mobis, Royal Enfield, and Sony Honda Mobility, who look to Snapdragon Digital Chassis solutions to drive AI-powered in-cabin and advanced driver assistance systems (ADAS). Qualcomm also announced continued traction for its Snapdragon Elite-tier platforms for automotive, highlighting its work with Desay, Garmin, and Panasonic for Snapdragon Cockpit Elite. Throughout the show, Qualcomm will highlight its holistic approach to improving comfort and focusing on safety with demonstrations on the potential of the convergence of AI, multimodal contextual awareness, and cloudbased services. Attendees will also get a first glimpse of the new Snapdragon Ride Platform with integrated automated driving software stack and system definition jointly

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Oil, Gas Execs Reveal Where They Expect WTI Oil Price to Land in the Future

Executives from oil and gas firms have revealed where they expect the West Texas Intermediate (WTI) crude oil price to be at various points in the future as part of the fourth quarter Dallas Fed Energy Survey, which was released recently. The average response executives from 131 oil and gas firms gave when asked what they expect the WTI crude oil price to be at the end of 2025 was $71.13 per barrel, the survey showed. The low forecast came in at $53 per barrel, the high forecast was $100 per barrel, and the spot price during the survey was $70.66 per barrel, the survey pointed out. This question was not asked in the previous Dallas Fed Energy Survey, which was released in the third quarter. That survey asked participants what they expect the WTI crude oil price to be at the end of 2024. Executives from 134 oil and gas firms answered this question, offering an average response of $72.66 per barrel, that survey showed. The latest Dallas Fed Energy Survey also asked participants where they expect WTI prices to be in six months, one year, two years, and five years. Executives from 124 oil and gas firms answered this question and gave a mean response of $69 per barrel for the six month mark, $71 per barrel for the year mark, $74 per barrel for the two year mark, and $80 per barrel for the five year mark, the survey showed. Executives from 119 oil and gas firms answered this question in the third quarter Dallas Fed Energy Survey and gave a mean response of $73 per barrel for the six month mark, $76 per barrel for the year mark, $81 per barrel for the two year mark, and $87 per barrel for the five year mark, that

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Putting sign language AI into users’ hands

Building with the communityWe believe in building with the Deaf community, not just for it. Deaf perspectives have shaped every stage of this project — from conceptualization by Sam Sepah, a Deaf Googler, to data collection with Deaf partners, evaluation in Deaf user studies, and impact assessment of the technology with Deaf experts.To guide responsible real-world deployment, we established the AI Sign Language Advisory Committee (AISLAC), bringing together many global Deaf organizations and subject-matter experts. Through this participatory governance model, the communities most impacted by our technology directly influence our development priorities. We co-authored a joint impact report for the release of SL2T 1.0 in Gboard and Live Transcribe, transparently detailing the technology’s capabilities and current limitations — a collaborative approach we plan to continue for all major sign language releases.Looking aheadSL2T builds upon decades of foundational research across academia and industry, but bringing ASL input to users’ phones is only the beginning. Google’s mission is to organize the world’s information and make it universally accessible and useful. Achieving universal accessibility means reaching full parity with spoken and written languages. Our team is working to expand this technology into additional sign languages, sign language generation, and frontier AI capabilities. We look forward to sharing our progress responsibly in order to make access through sign languages standard across the digital landscape.You can experience SL2T in Gboard and Live Transcribe first on Pixel 11, with more devices coming soon — all at no additional cost.AcknowledgementsThis work was done jointly by teams from Google DeepMind and Android. The core team who developed the SL2T model is: Garrett Tanzer, Benoit Brard, Elizabeth Clark, Tim Dozat, Sebastian Ebert, Dan Garrette, Manfred Georg, Vicky Holgate, Shankar Kumar, Mohammad Saboorian, Miloš Stanojević, Megh Umekar, John Wieting, Andy Zhang, and Chris Dyer.The Android team who integrated the model into Gboard and Live Transcribe is: Ausmus Chang, Sai Aditya Chitturu, Dayle Chiu, Anna Chou, Ajay Dudani, Angana Ghosh, Alex Huang, Joanne Kim, Ed Lee, Thomas Lin, James Su, Yanchao Su, and Sharlene Yuan.We are grateful for additional support from Anelia Angelova, Abhishek Bapna, Sara Basson, Glenn Cameron, Scott Crowell, Trevor Cohn, Noah Fiedel, Zoubin Ghahramani, Raia Hadsell, Tom Hudson, Alexander Hauerslev Jensen, Kazuya Kawakami, Peike Li, Liam McCafferty, Caroline Pantofaru, Abhinav Parashar, Christopher Patnoe, Laura Rimell, Sam Sepah, Thad Starner, Dave Uthus, and Biao Zhang.Many thanks also go to those who participated in early stage testing of our models.

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The Download: our 35 young innovators and the “censorship-industrial complex”

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. How we picked 35 of the world’s top young scientists and engineers On September 8, MIT Technology Review will reveal its 2026 list of Innovators Under 35, recognizing 35 young people from around the world who are doing groundbreaking scientific work and building clever technical fixes for sticky problems. By finding the top young innovators globally and learning what they’re focused on in their work, we aim to give readers a sense of what advances to expect in the years to come.  As a newsroom, we also use this exercise to help us spot rising talent and get to know some of the best early-career researchers in the fields that we cover.
This year, we received 550 nominations. Find out how we whittled them down to 35 of the young innovators shaping the future of technology, and check out last year’s list. —Amy Nordrum
How the “censorship-industrial complex” is changing the internet and US policy —Eileen Guo I first heard the term “censorship-industrial complex” on April 15, 2025.  That’s when I got the tip that a small office in the US State Department, which focused on monitoring and countering foreign disinformation from the likes of Russia, Iran, and China, was facing imminent shutdown—the next day.  And the reason? The office was accused of serving as the department’s central hub in the so-called censorship-industrial complex—a sprawling constellation of government agencies, academics, civil society groups, and Big Tech platforms allegedly conspiring to suppress conservative and populist speech online under the guise of combating disinformation.  I broke the story on April 16. But for me, it was just the start of a deep reporting rabbit hole into an idea that had moved from the fringes of the right-wing internet into the Trump administration. For more on what the narrative means for the internet, read my story here. MIT Technology Review Narrated: Montana’s plan to become an experimental medical hub just pushed forward At the end of July, any biotech company in Montana with an experimental drug gained a clear path to selling it to consumers. Companies whose drugs have been through preliminary testing—sometimes in as few as 10 healthy people—can pay $12,500 to apply to a newly established review board. Once approved, they can set their own prices and sell the drugs through experimental treatment clinics, the first of which is likely to open around the end of this year. Montana’s latest right-to-try legislation is unique. While similar laws elsewhere limit access to people with terminal illness, Montana’s system is theoretically open to anyone who gives informed consent and can pay. That includes people desperate for treatments for rare diseases. It also includes those interested in longevity and drugs pitched as preventive therapies.

—Jessica Hamzelou This is our latest story to be turned into an MIT Technology Review Narrated podcast, which we publish each week on Spotify and Apple Podcasts. Just navigate to MIT Technology Review Narrated on either platform, and follow us to get all our new content as it’s released. The must-reads I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology. 1 China-linked hackers have hit Taiwan in an “unprecedented” AI attackThey used open-source agents to compromise government websites. (FT $)+ UK military drones were found sending a signal to China. (Cybernews)+ Taiwan’s “silicon shield” could be weakening. (MIT Technology Review) 2 Wall Street firms are paying $100,000 a month to get Trump posts firstTrump Media said more than 10 firms have signed up for the service. (CNN)+ It offers faster access to market-moving posts on Truth Social. (BBC)+ Trump Media also lost $238 million as crypto holdings fell. (CNBC) 3 ICE plans to give officers gloves that can deliver painful electric shocksIt’s set to spend up to $20 million to buy thousands of the devices. (AP News)+ A switch turns them from normal gloves into “electrical mode.” (Guardian) 4 Spotify will label AI artists and stop recommending themThe platform is cracking down on fake performers. (Guardian)+ “AI personas” will appear on artist profiles and track listings. (NYT $) 5 Social media spurred a deadly migrant surge from Morocco to SpainDisinformation encouraged thousands to attempt the crossing. (NYT $) 6 Anthropic’s Claude is adding watermarks to AI text and imagesIt could guarantee votes are counted and kept anonymous. (Axios)7 Drugs that mimic the brain’s wakefulness signal are taking offOrexin drugs could treat sleep disorders, ADHD and addiction. (Economist $)+ But psychedelics are falling short in clinical trials. (MIT Technology Review) 8 Cargo thieves have turned to violence to steal AI hardwareShipments have disappeared after their escorts were attacked. (Wired $)9 Scientists may have found the elusive glueball, a particle made of forceA Chinese collider has produced the strongest evidence yet. (Science)10 A firm selling “100% human-written, never AI” research is entirely AIThe reviewers on the Research Gold site are AI-generated. (404 Media) Quote of the day “I think the fourth wave of slop will be when there’s no longer any meaningful quality hit in slop, when the average piece of slop is better than the best human in that field.”  —Kevin Roose, a technology columnist at The New York Times, tells the Pivot podcast what the next stage of AI slop will look like.
One More Thing PATRICK LEGER Are we ready to hand AI agents the keys? We’re starting to give AI agents real autonomy, and we’re not prepared for what could happen next. Any action that can be captured by text is potentially within the purview of AI agents—which is why they can cause so much mischief.
“The great paradox of agents is that the very thing that makes them useful—that they’re able to accomplish a range of tasks—involves giving away control,” says Iason Gabriel, a senior staff research scientist at Google DeepMind who focuses on AI ethics. Researchers warn that agents could misinterpret goals, leak sensitive information, fall victim to prompt-injection attacks, and exploit software vulnerabilities at scale. And there’s no foolproof way to guarantee that they’ll act as their developers intend.

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How we picked 35 of the world’s top young scientists and engineers

Next month, on September 8, MIT Technology Review will reveal its 2026 list of Innovators Under 35, recognizing 35 young people from around the world who are doing groundbreaking scientific work and building clever technical fixes for sticky problems.  By finding the top young innovators globally and learning what they’re focused on in their work, we aim to give readers a sense of what advances to expect in the years to come. As a newsroom, we also use this exercise to help us spot rising talent and get to know some of the best early-career researchers in the fields that we cover.  The editors of MIT Technology Review published the first Innovators Under 35 list in 1999, and it’s become a beloved annual tradition alongside our lists of 10 Breakthrough Technologies, 10 Climate Tech Companies to Watch, and (new this year) 10 Things That Matter in AI Right Now.  The people we’ve featured through the years have gone on to shape the tech industry and our broader culture, from Lisa Su (featured in 2002), whose stunning turnaround of AMD has built it into one of the top chipmakers worldwide, to Daniel Ek (featured in 2012), who cofounded Spotify (which we described at the time as “a jukebox in the cloud”). Subscribers can browse all the past honorees in this database. 
Selecting the 2026 Innovators was a monthslong endeavor. This year, we received 550 nominations, both from staff and via our public nomination process. From those entries, our editors selected 110 semifinalists. We looked for candidates who were setting out to solve big problems or answer pressing scientific questions in their work, and who had already made clear progress toward their goals.  All semifinalists then completed an application to help us learn more about them. They collected reference letters, uploaded videos, and submitted résumés. Forty-four expert judges then helped us evaluate these applications. Some of these judges are former Innovators themselves. Many have returned year after year to volunteer their time, energy, and expertise to the judging process. We’re grateful for their efforts. 
In the end, our editors reviewed all of the judges’ scores and comments and selected the 35 winners. Each works in one of four categories: biotechnology, artificial intelligence, computing and robotics, and climate and energy.  “These Innovators represent some of the best aspects of science and technology research—pushing forward bold ideas to improve the future for everyone,” says Costa Samaras, a 2026 judge who is also the director of Carnegie Mellon’s Scott Institute for Energy Innovation.  The 2026 list of Innovators will be available to MIT Technology Review subscribers on our site on September 8. To access the package when it comes out online, you can subscribe now via this link. It will also be published in the September/October issue, which will be available on newsstands worldwide on August 31.  Do you know someone who deserves a spot on next year’s list? Nominations for the 2027 competition will open by early December. Check back then or sign up for our daily newsletter The Download to stay in the loop. 

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How the “censorship-industrial complex” is changing the Internet and US policy

I first heard the term “censorship-industrial complex” on April 15, 2025.  That’s when I got the tip that a small office in the U.S. State Department, which focused on monitoring and countering foreign disinformation from the likes of Russia, Iran, and China, was facing imminent shutdown—the next day.  And the reason? R/FIMI, as the office was called, was accused of serving as the State Department’s central hub in the so-called censorship-industrial complex—a sprawling constellation of government agencies, academics, civil society groups, and Big Tech platforms allegedly conspiring to suppress conservative and populist speech online under the guise of combating disinformation.  I broke the story around 10:30AM on April 16, (and broke more in the weeks that followed) but for me, it was just the start of a deep reporting rabbit-hole into an idea that had moved from the fringes of the right-wing Internet into the mainstream, championed and spread by a network of well-funded conservative media platforms and non-profits, and finally as a sort of prevailing logic behind much of the second Trump administration’s domestic and foreign policy.  But this isn’t just a policy story. The weaponization of ideas about censorship also affects the billions of people globally who get information, or interact with each other, online—which is to say, all of us.  For more on what the narrative means for the Internet, read my story here.

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The Download: the next big thing in LLMs and how AI academic research is shifting

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. These startups are chasing the next big thing in LLMs Nine years after Google researchers introduced the transformer, this family of neural networks has become the engine inside every major large language model. But transformers are starting to show their age.  As LLMs get bigger and better, transformers have become a bottleneck. Their dense attention mechanism becomes increasingly expensive as the amount of text grows, and they’re not great at keeping track of a lot of information at once. Here are four new ideas for how to solve the transformer problem—innovations that could change LLMs for good, making them faster, far more efficient, and (maybe) even smarter.
—Will Douglas Heaven This story is from MIT Technology Review’s What’s Next series, which looks across industries, trends, and technologies to give you a first look at the future. You can read the rest of them here.
AI professors are negotiating the new realities of academic research —Grace Huckins Last week, I headed to a hotel in Mountain View, California, to join some of the most accomplished, and some of the most promising, AI researchers in the world. I was hosting roundtable interviews and speaking at a media training for a convening of the Schmidt Sciences AI2050 program, an initiative funded by Eric and Wendy Schmidt that supports academics whose work involves AI.  The fellows list is a who’s who of AI luminaries, and though not all of them made it out to the Bay, every time I turned a corner I saw a scientist whom I’d interviewed previously or whose research I admired. It’s a weird time for university AI researchers, who make up most of the AI2050 group. Read Grace’s story to find out why, and what could be coming next. This story is from The Algorithm, our weekly AI newsletter. Sign up to receive it in your inbox every Monday. The must-reads I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology. 1 Nvidia has secured $500 billion from Wall Street for AI infrastructureIt’s struck deals with BlackRock, Goldman Sachs, and four others. (BBC)+ Showing the pull of AI compute for ⁠institutional investors. (Reuters $)+ And that AI infrastructure is becoming a new asset class. (CNBC) 2 Mark Zuckerberg’s new manifesto says open-source AI can save the USIt presents a utopian vision of personalized “superintelligence.” (Guardian)+ And arrived the same day as Meta’s new, open-source model. (NYT $)+ Zuckerberg said he plans to launch more of these models. (WSJ $)+ And pit Meta against Chinese open-weight developers. (SCMP) 3 Bernie Sanders has called on Silicon Valley to “pause AI development”He noted that AI giants have pledged to do this if necessary for safety.+ And warned that lawmakers will step in if no action is taken. (Guardian)+ House Democrats are already pressing AI leaders over rogue models. (WP $)+ A populist backlash is building against AI. (MIT Technology Review) 4 A US court will allow thousands of social media lawsuits to proceedThe suits target addictive mechanisms used by Meta, TikTok, Google, and Snapchat. (Axios)+ They claim the platforms are designed to hook young users. (Reuters $)+ Can we repair the internet? (MIT Technology Review) 5 Unitree’s IPO is more than 8,000 times oversubscribed by retailThe Chinese humanoid firm raised $900 million ahead of its listing. (Reuters $)+ Its pricing for the Shanghai IPO values the company at $9 billion. (FT $)6 Flock’s car-tracking cameras are facing a bipartisan backlashThe surveillance network has spread rapidly across the US. (NYT $)+ Flock also plans to chase shoplifters with drones. (MIT Technology Review) 7 China is breaking up AI relationshipsBeijing has introduced new rules for emotionally interactive AI. (Rest of World)+ It’s surprisingly easy to fall for a chatbot. (MIT Technology Review) 8 An AI tool claims to pick the best 1% of scientific papersBut researchers doubt that AI can reliably judge scientific quality. (Nature)9 The AI slop backlash is workingIt’s pushing platforms to restrict AI-generated content. (Wired $)10 An 82-year-old rejected $26 million to turn her farm into a data centerShe criticised the environmental impacts of data centers. (Fortune) Quote of the day

“It is not too late to avoid disaster. Stop building machines that humans cannot control.”  —Senator Bernie Sanders urges Sam Altman, Dario Amodei, and Mark Zuckerberg to pause all AI development in a letter. One More Thing The race to make the perfect baby is creating an ethical mess A new field of science is using genetic sequencing to predict what kind of person an embryo might become. Some parents turn to these tests to avoid devastating genetic disorders, while a much smaller group are willing to pay tens of thousands of dollars to optimize for intelligence, appearance, and personality. Customers, however, may not be getting what they’re paying for. Genetics experts have highlighted the potential deficiencies of this testing for years, while its underlying assumptions have made these companies a political lightning rod.

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AI professors are negotiating the new realities of academic research

This story originally appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here. Last week, I headed 30 miles south of San Francisco to a hotel in Mountain View, California, to join some of the most accomplished, and some of the most promising, AI researchers in the world. I was hosting roundtable interviews and speaking at a media training for a convening of the Schmidt Sciences AI2050 program, an initiative funded by Eric and Wendy Schmidt that supports academics whose work involves AI. The fellows list is a who’s who of AI luminaries, and though not all of them made it out to the Bay, every time I turned a corner I saw a scientist whom I’d interviewed previously or whose research I admired. (Full disclosure: I received a science communication award funded by Schmidt Sciences in 2024.)  It’s a weird time for university AI researchers, who make up most of the AI2050 group. In the past four years, AI research has reoriented around large language models, and its cutting edge has moved from academic institutions to private companies. Universities simply can’t afford the GPUs required to train and run frontier models, and even if they could, Anthropic and OpenAI aren’t letting anyone else see the inner details of Claude or ChatGPT. In a conversation over lunch, Nika Haghtalab, a computer science professor at UC Berkeley, said that being an AI academic these days was like being a biologist in a world in which private companies had exclusive control over the gene-editing tool CRISPR. Experts outside the frontier labs can study how ChatGPT and Claude behave, but they can’t do any detailed research on the design and training of those tools, nor can they steer that design or training themselves.
 The AI2050 program does offer fellows some funding that they can use to buy GPUs, which some researchers I spoke with said was a major benefit of participating in the program. But money remains a pressing concern, especially given the reduction of federal scientific funding in the United States. Even for researchers who don’t run local models themselves, the cost of repeatedly querying OpenAI’s, Anthropic’s, and Google’s models in order to study them rigorously can be prohibitive. Rather than focusing on advancing capabilities, many fellows aim their attention at questions that are unlikely to be addressed by Anthropic or OpenAI. “I try not to work on problems that I think are gonna be solved by a tech company,” says Anjalie Field, a computer science professor at Johns Hopkins. Companies need to make money, and research questions that have little promise of profit might not be worth investing in—especially if their answers might make the companies look bad. Recently, for example, Field conducted a study in which she found that language models give less sophisticated responses to prompts that are phrased in ways more commonly used by women than by men. It’s difficult to imagine that kind of research coming out of Anthropic or OpenAI.
There’s also a huge group of AI academics who don’t work with LLMs at all. Many of them are scientists who build specialized AI models that can analyze data, make useful predictions, or even simulate entire physical systems. Those researchers aren’t necessarily competing with the frontier labs—Google DeepMind’s AlphaFold team, which built a Nobel Prize–winning model that predicts the structures of proteins, was disbanded last month. But they face plenty of their own challenges. At the convening, several voiced concerns about how the widespread ignorance of non-LLM AI was affecting their work. Researchers who build specialized AI tools to help address climate change, for example, sometimes struggle to advocate for their work when so many people believe that “AI” means “energy-guzzling LLMs.” All these challenges are changing the landscape of academia: Several prominent academics have recently taken leave from their universities to join frontier labs, and many AI2050 fellows hold industry positions alongside their academic jobs. And in the past six months, yet another threat has emerged. OpenAI’s models have solved a number of real research problems in mathematics, and some experts are worried that humans might not have a future in pure math. One fellow I spoke with said that she was concerned about the mental health of her mathematician peers. But it’s not all doom and gloom. For one thing, empirical science may prove much more difficult to automate than mathematics, because collecting data is an intrinsically slow process. And some researchers see AI mathematicians and scientists as a boon rather than a threat—including Tim Dettmers, a computer scientist at Carnegie Mellon who works to make AI models faster and cheaper to run. AI scientists won’t replace humans, Dettmers says. On the contrary, they could make human scientists far more efficient, so that he and his peers have the chance to pursue all the wild and inspired ideas they might otherwise never have gotten around to. And scientists are a resilient sort. The very resource constraints that prevent them from training frontier models also push them to discover new ways to make models smaller and more efficient, or to explore completely new architectures. If the next big AI breakthrough comes not from a major company but from a scrappy academic lab, I won’t be shocked.

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Energy Secretary Announces Cancellation of Three Proposed National Interest Electric Transmission Corridors

WASHINGTON—U.S. Secretary of Energy Chris Wright today announced that the U.S. Department of Energy (DOE) will not move forward with designating the three proposed National Interest Electric Transmission Corridors (NIETCs) previously selected in December 2024 to advance in the review process. “Extensive review, including public feedback and stakeholder input, made clear that the current designation process for these three proposed transmission corridors should not continue,” said Secretary Wright. “Transmission policy must serve the American people—not special interests or a climate-alarmist agenda that drives up costs, worsens reliability, and disregards the concerns of local communities. The Trump Administration is committed to strengthening America’s electric grid with common-sense policies that prioritize delivering affordable, reliable, and secure electricity to American families and businesses.” The previous administration touted the Lake Erie–Canada Corridor, the Southwestern Grid Connector Corridor, and the Tribal Energy Access Corridor, as a means to advance their Green New Scam agenda and “accelerate decarbonization.” As the process unfolded, the current designation framework proved ineffective in strengthening grid reliability and reducing electricity costs. In some communities, it also contributed to confusion and concern about the scope and intent of NIETC authority. Thanks to President Trump and Secretary Wright, DOE has already taken numerous steps to build new transmission infrastructure and modernize existing infrastructure, including: In October 2025, DOE’s Office of Energy Dominance Financing (EDF) closed a $1.6 billion loan guarantee to AEP Transmission to reconductor and rebuild nearly 5,000 miles of transmission lines across five states.  In February 2026, DOE’s Office of Energy Dominance Financing (EDF) closed $26.5 billion in loans to Southern Company subsidiaries Georgia power and Alabama Power to support generation and grid investments, including more than 1,300 miles of transmission and grid enhancement projects.  In March 2026, DOE’s Office of Electricity (OE) announced the $1.9 billion SPARK funding opportunity to

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ConocoPhillips Alaska’s Coyote 3SX project achieves first oil

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Mega plans 27% increase in Vaca Muerta NGL production

Compañía Mega SA will invest about $360 million to expand its capacity to separate, process, transport, and store natural gas liquids produced in Argentina’s Neuquén basin. On July 31, the evaluation committee approved the project for inclusion in Argentina’s Large Investment Incentive Regime (RIGI). The expansion will add about 1,500 tonnes/day of NGL production, equivalent to more than 500,000 tonnes/year of incremental output and an increase of about 27% from the company’s current production capacity. The work will be carried out between now and yearend 2028 at installations in Neuquén, Río Negro, La Pampa, and Buenos Aires provinces. At the Loma La Lata separation plant in Neuquén, the scope includes expansion and modification of the slug catcher, debottlenecking work, and installation of an additional turbocompressor and a new NGL vessel. The modifications will increase inlet separation and processing capacity and adapt the infrastructure to gas streams with higher liquids content associated with continued development of Vaca Muerta. Mega also will build two pumping stations on the roughly 600-km pipeline connecting Loma La Lata with Bahía Blanca: PS3 at General Roca, Río Negro, and PS4 at La Adela, La Pampa. The additional pumping capacity will increase system throughput and accommodate the incremental NGL volume without construction of a parallel pipeline. At the Bahía Blanca fractionation plant, Mega will add NGL storage capacity and carry out electrical upgrades and improvements to the steam and condensate systems. About 80% of incremental production will be marketed internationally as propane, butane, and natural gasoline. The remaining 20% will supply the domestic market, primarily as ethane feedstock for Argentina’s petrochemical industry. Mega currently processes about 40% of the natural gas produced in Neuquén basin. Its integrated infrastructure includes NGL separation at Loma La Lata, pipeline transportation to Bahía Blanca, and downstream fractionation, storage, and product loading.

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Trump administration extends Jones Act waivers amid continued supply constraints

White House spokeswoman Taylor Rogers said the 90-day extension ensures the US military and key industries maintain uninterrupted access to critical resources. “Data shows the waiver has driven a significant increase in domestic deliveries of essential products such as gasoline, diesel, and jet fuel,” Rogers said in a post on X. The administration has granted 208 exemptions to the Jones Act over a 4.5-month period ending Aug. 3. The American Petroleum Institute (API) welcomed the move. The extension will “ensure critical fuels reach the regions that need them most” and “help protect consumers from unnecessary price volatility,” said Kristin Whitman, API’s senior vice-president of government relations. The initial waivers drew objections from the US maritime industry, which fears continued exemptions could imperil new US shipbuilding. The Jones Act requires cargo moving between US ports to be carried on vessels that are built in the US, owned by US companies, and crewed by American mariners. Supporters say it fortifies national security by sustaining a domestic fleet and mariner pool available in wartime.

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Murphy Oil adds $300 million to 2026 capex plans

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Venture Global sees shift coming in ratio of capex to cash flows

The leaders of Venture Global Inc., Arlington, Va., have nudged their 2026 capital spending guidance to the top of their previous range but on Aug. 11 told investors that future investments will shrink relative to the cash flows from the company’s LNG plants. Chief executive officer Mike Sabel and his team also have lifted their forecast for Venture Global’s 2026 earnings before interest, taxes, depreciation and amortization by more than $500 million after a bumper second quarter and plan to sign more shorter-term contracts with customers eager to secure supply as the Iran war has dragged on. Venture Global teams are working to expand the company’s Plaquemines and CP2 plants in Louisiana – a first phase at the former is on track for a commercial operation date late this year – with an eye to growing total capacity to 85 million tonnes/year (tpy) by end-2029. That process requires a lot of cash: Venture Global spent more than $27 billion on capital projects in 2024 and 2025 combined and Sabel and his lieutenants expect capex to be $13 billion this year. That forecast is a small increase from their previous guidance of $12 billion to $13 billion. But, speaking on an Aug. 11 conference call discussing Venture Global’s second-quarter results, chief financial officer Jack Thayer said the spending pendulum should soon begin to swing away from massive projects. Bolt-on work at Plaquemines and CP2 remain attractive growth options, he added, but the company’s cash will have more options in the relatively near future. “The relative scale of the incremental capital investment is expected to decline compared to our growing cash flows, creating more opportunities for other capital allocation priorities,” Thayer said, who also pointed to a more than doubling of Venture Global’s quarterly dividend. “Specifically, we plan to continue to retire

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