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Iran Releases Oil Tanker Seized in 2024

An oil tanker seized by Iran two years ago was released, with satellite images showing the vessel off the coast of Oman, against a backdrop of mounting US pressure on the Persian Gulf state. The St Nikolas — seized in January 2024 in retaliation for what Iran called at the time the US “theft” of Iranian oil — was released on Jan. 9, its managers Empire Navigation Inc. said in a statement. The ship arrived near Oman on Jan. 10, they said.  The vessel was seen north of the Sohar anchorage off the coast of Oman, TankerTrackers.com Inc., which specializes in using satellite imagery and other tools to track vessels, said earlier.  Iran’s Foreign Ministry didn’t respond to phone and email requests for comment.  US President Donald Trump has threatened to intervene in Iran to stop a deadly state crackdown on protests that have rocked the country for the past two weeks and left at least 2,000 people dead, according to activists. Trump announced 25% tariffs late Monday on any country “doing business” with Tehran, hours after he said Iran had reached out for negotiations.  Empire said the crew are in good health and that the ship’s satellite tracking system has been reconnected, though it’s inoperable.  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 »

2 Oil Tankers Attacked Near Key CPC Terminal

(Update) January 13, 2026, 4:29 PM GMT: Article updated with Kazakh, Chevron, Delta Tankers statements throughout. Two oil tankers were attacked near the Black Sea loading terminal for the Caspian Pipeline Consortium, the latest significant incident complicating Kazakhstan’s crude exports. The two ships — the Delta Harmony and the Matilda — were due to load barrels from Kazakhstan at the CPC offshore mooring, according to a person familiar with the matter, who asked not to be identified because the information isn’t public. Managers for both ships confirmed the incidents and said their ships had sailed away from the area.  Prior to the attack, the vessels had moved away from the CPC facility, awaiting their turn to collect the cargoes, the person said. The extent of the damage to both ships wasn’t immediately clear.  The attacks risk further disrupting loadings at CPC, where planned shipments have already plunged due to bad winter weather and a mooring damage in a November drone strike. Those disruptions are helping dial back a significant surplus in the global oil market this quarter and have bolstered key futures prices.  At times last year, CPC exported as much as 1.7 million barrels a day of crude, but loadings in January are set to be between 800,000 and 900,000 barrels a day this month.  Kazakhstan’s energy ministry confirmed the incidents in a statement on Telegram. It said the Matilda suffered an explosion without a subsequent fire and no critical damages to its hull, while the Delta Harmony had a fire that was quickly put out, with no injuries to the crews of either vessel. The press office of the Caspian Pipeline Consortium declined to comment. Thenamaris, which manages Matilda, said its ship was struck by an unspecified number of drones while outside the CPC Terminal. It suffered minor damage to the

Read More »

Can retired naval power plants solve the data center power crunch?

HGP’s plan includes a revenue share with the government, and the company would create a decommissioning fund, according to Bloomberg. The alternative? After a lengthy decommissioning process, the reactors are shipped to a remote storage facility in Washington state together dust along with dozens of other retired nuclear reactors. So the carrier itself isn’t going to be turned into a data center, but its power plants are being proposed for a data center on land. And even with the lengthening decommissioning process, that’s still faster than building a nuclear power plant from scratch. Don’t hold your breath, says Kristen Vosmaer, managing director, JLL Work Dynamics Data Center team. The idea of converting USS Nimitz’s nuclear reactors to power AI data centers sounds compelling but faces insurmountable obstacles, he argues. “Naval reactors use weapons-grade uranium that civilian entities cannot legally possess, and the Nuclear Regulatory Commission has no pathway to license such facilities. Even setting aside the fuel issue, these military-designed systems would require complete reconstruction to meet civilian safety standards, eliminating any cost advantages over purpose-built nuclear plants,” Vosmaer said. The maritime concept itself, however, does have some merit, said Vosmaer. “Ocean cooling can reduce energy consumption compared to land-based data centers, and floating platforms offer positioning flexibility that fixed facilities cannot match,” Vosmaer said.

Read More »

Veo 3.1 Ingredients to Video: More consistency, creativity and control

Today, Veo is getting more expressive, with improvements that help you create more fun, creative, high-quality videos based on ingredient images, built directly for the mobile format. We’re excited to bring new creative possibilities for everyone from casual storytellers to professional filmmakers.We’re releasing:Improvements to Veo 3.1 Ingredients to Video, our capability that lets you create videos based on reference images. This update makes videos more expressive and creative, even with simple promptsNative vertical outputs for Ingredients to Video (portrait mode) to power mobile-first, short-form video creationState-of-the-art upscaling to 1080p and 4K resolution for high-fidelity production workflowsWhether you are looking for livelier movement, better control over visual elements or broadcast-ready resolution, these updates give you the tools to bring your vision to life. These updates are launching in the Gemini app, YouTube, Flow, Google Vids, the Gemini API and Vertex AI.

Read More »

EPA final rule on NOx limits emphasizes cost savings to turbine owners

The U.S. Environmental Protection Agency on Friday issued a final rule on nitrogen oxide standards for new gas-fired power plants and other stationary turbines. The standards are significantly more lenient than a proposal issued in November during the Biden administration. The EPA determined that the “best systems of emissions reduction,” or BSER, for NOx emissions is the continued use of combustion controls for all but one subcategory of new, modified or reconstructed turbines. The BSER for new large turbines with 12-month capacity factors over 45% is combustion controls combined with post-combustion selective catalytic reduction, or SCR. In November, the Biden EPA proposed finding that for most combustion turbines, the use of combustion controls plus SCR is the BSER. The EPA estimated its final new source performance standards for stationary combustion turbines will cut annual NOx emissions by up to 296 tons by 2032 — significantly less than the 2,659 tons the proposed rule was estimated to cut. The new standards cover facilities that started construction, modification or reconstruction after Dec. 13, 2024. The standards were last updated in 2006. NOx contributes to asthma, bronchitis, respiratory infections and premature mortality by reacting with other volatile organic compounds to form ozone and fine particulate matter, according to the EPA. The standards come amid a surge in proposed gas-fired power plants across the United States, in part driven by rising electric demand forecasts from data centers. The PJM Interconnection, for example, has approved about 8.1 GW of gas-fired capacity for fast-track interconnection review. The Midcontinent Independent System Operator has approved or is reviewing about 9.2 GW of gas-fired generation in its fast-track interconnection process and the Southwest Power Pool is studying about 9.6 GW of gas-fired capacity in its similar interconnection review. The EPA estimated that the final rule will save power plant owners $87 million

Read More »

Analyst Reveals What Spurred Monday’s Gas Price Recovery

A “recovering” late January forecast “spur[red]…” the NYMEX gas “recovery” yesterday, Eli Rubin, an energy analyst at EBW Analytics Group, outlined in an EBW report sent to Rigzone by the EBW team on Tuesday. “The February contract netted a 24.0 cent gain yesterday – reversing Friday’s 23.8 cent decline – as weather forecasts swung back in a colder direction to close January,” Rubin said in the report. “Speculators rotating out of the heaviest short positioning in 13 months may amplify upside, while yesterday’s bounce reset short-term technicals in a bullish direction,” he added. “Today may be the mildest day nationally until late February. Week 2 could see weekly heating demand soar 53 gHDDs and more than 100 billion cubic feet as blowtorch weather flips colder,” he continued. “The Week 3 forecast added 15 gHDDs in the past 24 hours. Other meteorologists also point to chances for reloading cold risks in early February,” Rubin stated. Rubin went on to note in the report that daily LNG feedgas nominations “suggest a record high at 20.4 billion cubic feet per day”. He added, however, that “soaring storage surpluses to year-ago and five-year average levels, and likelihood that the market will manage the coldest days of winter next week without massive disruption, suggest the near-term relief rally may wobble and retreat in the most-likely scenario”. The EBW report highlighted that the February natural gas contract closed at $3.409 per million British thermal units (MMBtu) on Monday. It outlined that this marked a 7.6 percent increase from Friday’s close. In Tuesday’s report, EBW predicted a “test higher and relent” trend for the NYMEX front-month natural gas contract price over the next 7-10 days and a “rebound and retreat” trend over the next 30-45 days. In an EBW report sent to Rigzone on Monday by the

Read More »

Iran Releases Oil Tanker Seized in 2024

An oil tanker seized by Iran two years ago was released, with satellite images showing the vessel off the coast of Oman, against a backdrop of mounting US pressure on the Persian Gulf state. The St Nikolas — seized in January 2024 in retaliation for what Iran called at the time the US “theft” of Iranian oil — was released on Jan. 9, its managers Empire Navigation Inc. said in a statement. The ship arrived near Oman on Jan. 10, they said.  The vessel was seen north of the Sohar anchorage off the coast of Oman, TankerTrackers.com Inc., which specializes in using satellite imagery and other tools to track vessels, said earlier.  Iran’s Foreign Ministry didn’t respond to phone and email requests for comment.  US President Donald Trump has threatened to intervene in Iran to stop a deadly state crackdown on protests that have rocked the country for the past two weeks and left at least 2,000 people dead, according to activists. Trump announced 25% tariffs late Monday on any country “doing business” with Tehran, hours after he said Iran had reached out for negotiations.  Empire said the crew are in good health and that the ship’s satellite tracking system has been reconnected, though it’s inoperable.  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 »

2 Oil Tankers Attacked Near Key CPC Terminal

(Update) January 13, 2026, 4:29 PM GMT: Article updated with Kazakh, Chevron, Delta Tankers statements throughout. Two oil tankers were attacked near the Black Sea loading terminal for the Caspian Pipeline Consortium, the latest significant incident complicating Kazakhstan’s crude exports. The two ships — the Delta Harmony and the Matilda — were due to load barrels from Kazakhstan at the CPC offshore mooring, according to a person familiar with the matter, who asked not to be identified because the information isn’t public. Managers for both ships confirmed the incidents and said their ships had sailed away from the area.  Prior to the attack, the vessels had moved away from the CPC facility, awaiting their turn to collect the cargoes, the person said. The extent of the damage to both ships wasn’t immediately clear.  The attacks risk further disrupting loadings at CPC, where planned shipments have already plunged due to bad winter weather and a mooring damage in a November drone strike. Those disruptions are helping dial back a significant surplus in the global oil market this quarter and have bolstered key futures prices.  At times last year, CPC exported as much as 1.7 million barrels a day of crude, but loadings in January are set to be between 800,000 and 900,000 barrels a day this month.  Kazakhstan’s energy ministry confirmed the incidents in a statement on Telegram. It said the Matilda suffered an explosion without a subsequent fire and no critical damages to its hull, while the Delta Harmony had a fire that was quickly put out, with no injuries to the crews of either vessel. The press office of the Caspian Pipeline Consortium declined to comment. Thenamaris, which manages Matilda, said its ship was struck by an unspecified number of drones while outside the CPC Terminal. It suffered minor damage to the

Read More »

Can retired naval power plants solve the data center power crunch?

HGP’s plan includes a revenue share with the government, and the company would create a decommissioning fund, according to Bloomberg. The alternative? After a lengthy decommissioning process, the reactors are shipped to a remote storage facility in Washington state together dust along with dozens of other retired nuclear reactors. So the carrier itself isn’t going to be turned into a data center, but its power plants are being proposed for a data center on land. And even with the lengthening decommissioning process, that’s still faster than building a nuclear power plant from scratch. Don’t hold your breath, says Kristen Vosmaer, managing director, JLL Work Dynamics Data Center team. The idea of converting USS Nimitz’s nuclear reactors to power AI data centers sounds compelling but faces insurmountable obstacles, he argues. “Naval reactors use weapons-grade uranium that civilian entities cannot legally possess, and the Nuclear Regulatory Commission has no pathway to license such facilities. Even setting aside the fuel issue, these military-designed systems would require complete reconstruction to meet civilian safety standards, eliminating any cost advantages over purpose-built nuclear plants,” Vosmaer said. The maritime concept itself, however, does have some merit, said Vosmaer. “Ocean cooling can reduce energy consumption compared to land-based data centers, and floating platforms offer positioning flexibility that fixed facilities cannot match,” Vosmaer said.

Read More »

Veo 3.1 Ingredients to Video: More consistency, creativity and control

Today, Veo is getting more expressive, with improvements that help you create more fun, creative, high-quality videos based on ingredient images, built directly for the mobile format. We’re excited to bring new creative possibilities for everyone from casual storytellers to professional filmmakers.We’re releasing:Improvements to Veo 3.1 Ingredients to Video, our capability that lets you create videos based on reference images. This update makes videos more expressive and creative, even with simple promptsNative vertical outputs for Ingredients to Video (portrait mode) to power mobile-first, short-form video creationState-of-the-art upscaling to 1080p and 4K resolution for high-fidelity production workflowsWhether you are looking for livelier movement, better control over visual elements or broadcast-ready resolution, these updates give you the tools to bring your vision to life. These updates are launching in the Gemini app, YouTube, Flow, Google Vids, the Gemini API and Vertex AI.

Read More »

EPA final rule on NOx limits emphasizes cost savings to turbine owners

The U.S. Environmental Protection Agency on Friday issued a final rule on nitrogen oxide standards for new gas-fired power plants and other stationary turbines. The standards are significantly more lenient than a proposal issued in November during the Biden administration. The EPA determined that the “best systems of emissions reduction,” or BSER, for NOx emissions is the continued use of combustion controls for all but one subcategory of new, modified or reconstructed turbines. The BSER for new large turbines with 12-month capacity factors over 45% is combustion controls combined with post-combustion selective catalytic reduction, or SCR. In November, the Biden EPA proposed finding that for most combustion turbines, the use of combustion controls plus SCR is the BSER. The EPA estimated its final new source performance standards for stationary combustion turbines will cut annual NOx emissions by up to 296 tons by 2032 — significantly less than the 2,659 tons the proposed rule was estimated to cut. The new standards cover facilities that started construction, modification or reconstruction after Dec. 13, 2024. The standards were last updated in 2006. NOx contributes to asthma, bronchitis, respiratory infections and premature mortality by reacting with other volatile organic compounds to form ozone and fine particulate matter, according to the EPA. The standards come amid a surge in proposed gas-fired power plants across the United States, in part driven by rising electric demand forecasts from data centers. The PJM Interconnection, for example, has approved about 8.1 GW of gas-fired capacity for fast-track interconnection review. The Midcontinent Independent System Operator has approved or is reviewing about 9.2 GW of gas-fired generation in its fast-track interconnection process and the Southwest Power Pool is studying about 9.6 GW of gas-fired capacity in its similar interconnection review. The EPA estimated that the final rule will save power plant owners $87 million

Read More »

Analyst Reveals What Spurred Monday’s Gas Price Recovery

A “recovering” late January forecast “spur[red]…” the NYMEX gas “recovery” yesterday, Eli Rubin, an energy analyst at EBW Analytics Group, outlined in an EBW report sent to Rigzone by the EBW team on Tuesday. “The February contract netted a 24.0 cent gain yesterday – reversing Friday’s 23.8 cent decline – as weather forecasts swung back in a colder direction to close January,” Rubin said in the report. “Speculators rotating out of the heaviest short positioning in 13 months may amplify upside, while yesterday’s bounce reset short-term technicals in a bullish direction,” he added. “Today may be the mildest day nationally until late February. Week 2 could see weekly heating demand soar 53 gHDDs and more than 100 billion cubic feet as blowtorch weather flips colder,” he continued. “The Week 3 forecast added 15 gHDDs in the past 24 hours. Other meteorologists also point to chances for reloading cold risks in early February,” Rubin stated. Rubin went on to note in the report that daily LNG feedgas nominations “suggest a record high at 20.4 billion cubic feet per day”. He added, however, that “soaring storage surpluses to year-ago and five-year average levels, and likelihood that the market will manage the coldest days of winter next week without massive disruption, suggest the near-term relief rally may wobble and retreat in the most-likely scenario”. The EBW report highlighted that the February natural gas contract closed at $3.409 per million British thermal units (MMBtu) on Monday. It outlined that this marked a 7.6 percent increase from Friday’s close. In Tuesday’s report, EBW predicted a “test higher and relent” trend for the NYMEX front-month natural gas contract price over the next 7-10 days and a “rebound and retreat” trend over the next 30-45 days. In an EBW report sent to Rigzone on Monday by the

Read More »

Iran Releases Oil Tanker Seized in 2024

An oil tanker seized by Iran two years ago was released, with satellite images showing the vessel off the coast of Oman, against a backdrop of mounting US pressure on the Persian Gulf state. The St Nikolas — seized in January 2024 in retaliation for what Iran called at the time the US “theft” of Iranian oil — was released on Jan. 9, its managers Empire Navigation Inc. said in a statement. The ship arrived near Oman on Jan. 10, they said.  The vessel was seen north of the Sohar anchorage off the coast of Oman, TankerTrackers.com Inc., which specializes in using satellite imagery and other tools to track vessels, said earlier.  Iran’s Foreign Ministry didn’t respond to phone and email requests for comment.  US President Donald Trump has threatened to intervene in Iran to stop a deadly state crackdown on protests that have rocked the country for the past two weeks and left at least 2,000 people dead, according to activists. Trump announced 25% tariffs late Monday on any country “doing business” with Tehran, hours after he said Iran had reached out for negotiations.  Empire said the crew are in good health and that the ship’s satellite tracking system has been reconnected, though it’s inoperable.  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 »

2 Oil Tankers Attacked Near Key CPC Terminal

(Update) January 13, 2026, 4:29 PM GMT: Article updated with Kazakh, Chevron, Delta Tankers statements throughout. Two oil tankers were attacked near the Black Sea loading terminal for the Caspian Pipeline Consortium, the latest significant incident complicating Kazakhstan’s crude exports. The two ships — the Delta Harmony and the Matilda — were due to load barrels from Kazakhstan at the CPC offshore mooring, according to a person familiar with the matter, who asked not to be identified because the information isn’t public. Managers for both ships confirmed the incidents and said their ships had sailed away from the area.  Prior to the attack, the vessels had moved away from the CPC facility, awaiting their turn to collect the cargoes, the person said. The extent of the damage to both ships wasn’t immediately clear.  The attacks risk further disrupting loadings at CPC, where planned shipments have already plunged due to bad winter weather and a mooring damage in a November drone strike. Those disruptions are helping dial back a significant surplus in the global oil market this quarter and have bolstered key futures prices.  At times last year, CPC exported as much as 1.7 million barrels a day of crude, but loadings in January are set to be between 800,000 and 900,000 barrels a day this month.  Kazakhstan’s energy ministry confirmed the incidents in a statement on Telegram. It said the Matilda suffered an explosion without a subsequent fire and no critical damages to its hull, while the Delta Harmony had a fire that was quickly put out, with no injuries to the crews of either vessel. The press office of the Caspian Pipeline Consortium declined to comment. Thenamaris, which manages Matilda, said its ship was struck by an unspecified number of drones while outside the CPC Terminal. It suffered minor damage to the

Read More »

EPA final rule on NOx limits emphasizes cost savings to turbine owners

The U.S. Environmental Protection Agency on Friday issued a final rule on nitrogen oxide standards for new gas-fired power plants and other stationary turbines. The standards are significantly more lenient than a proposal issued in November during the Biden administration. The EPA determined that the “best systems of emissions reduction,” or BSER, for NOx emissions is the continued use of combustion controls for all but one subcategory of new, modified or reconstructed turbines. The BSER for new large turbines with 12-month capacity factors over 45% is combustion controls combined with post-combustion selective catalytic reduction, or SCR. In November, the Biden EPA proposed finding that for most combustion turbines, the use of combustion controls plus SCR is the BSER. The EPA estimated its final new source performance standards for stationary combustion turbines will cut annual NOx emissions by up to 296 tons by 2032 — significantly less than the 2,659 tons the proposed rule was estimated to cut. The new standards cover facilities that started construction, modification or reconstruction after Dec. 13, 2024. The standards were last updated in 2006. NOx contributes to asthma, bronchitis, respiratory infections and premature mortality by reacting with other volatile organic compounds to form ozone and fine particulate matter, according to the EPA. The standards come amid a surge in proposed gas-fired power plants across the United States, in part driven by rising electric demand forecasts from data centers. The PJM Interconnection, for example, has approved about 8.1 GW of gas-fired capacity for fast-track interconnection review. The Midcontinent Independent System Operator has approved or is reviewing about 9.2 GW of gas-fired generation in its fast-track interconnection process and the Southwest Power Pool is studying about 9.6 GW of gas-fired capacity in its similar interconnection review. The EPA estimated that the final rule will save power plant owners $87 million

Read More »

Analyst Reveals What Spurred Monday’s Gas Price Recovery

A “recovering” late January forecast “spur[red]…” the NYMEX gas “recovery” yesterday, Eli Rubin, an energy analyst at EBW Analytics Group, outlined in an EBW report sent to Rigzone by the EBW team on Tuesday. “The February contract netted a 24.0 cent gain yesterday – reversing Friday’s 23.8 cent decline – as weather forecasts swung back in a colder direction to close January,” Rubin said in the report. “Speculators rotating out of the heaviest short positioning in 13 months may amplify upside, while yesterday’s bounce reset short-term technicals in a bullish direction,” he added. “Today may be the mildest day nationally until late February. Week 2 could see weekly heating demand soar 53 gHDDs and more than 100 billion cubic feet as blowtorch weather flips colder,” he continued. “The Week 3 forecast added 15 gHDDs in the past 24 hours. Other meteorologists also point to chances for reloading cold risks in early February,” Rubin stated. Rubin went on to note in the report that daily LNG feedgas nominations “suggest a record high at 20.4 billion cubic feet per day”. He added, however, that “soaring storage surpluses to year-ago and five-year average levels, and likelihood that the market will manage the coldest days of winter next week without massive disruption, suggest the near-term relief rally may wobble and retreat in the most-likely scenario”. The EBW report highlighted that the February natural gas contract closed at $3.409 per million British thermal units (MMBtu) on Monday. It outlined that this marked a 7.6 percent increase from Friday’s close. In Tuesday’s report, EBW predicted a “test higher and relent” trend for the NYMEX front-month natural gas contract price over the next 7-10 days and a “rebound and retreat” trend over the next 30-45 days. In an EBW report sent to Rigzone on Monday by the

Read More »

USA Compression Seals Acquisition of J-W Power

USA Compression Partners LP said Monday it had completed the acquisition of J-W Power Co for around $860 million. “The acquired assets add over 0.8 million active horsepower across key regions, including the Northeast, Mid-Continent, Rockies, Gulf Coast and Permian Basin, creating a combined fleet of approximately 4.4 million active horsepower”, Dallas, Texas-based USA Compression said in an online statement. “This acquisition also brings a diversified, high-quality customer base to USA Compression’s commercial portfolio while further strengthening its position in mid-to-large horsepower compression”. According to the companies’ joint announcement of the deal December 1, 2025, the acquisition includes “aftermarket services and parts distribution, as well as additional optionality associated with specialized manufacturing services”. USA Compression expects “attractive ~5.8x 2026 estimated adjusted EBITDA multiple before expected synergies”, the December statement said. According to the December statement, the J-W Power team was to transfer to USA Compression. USA Compression said it had drawn $430 million from its revolving credit facility to help pay the acquisition. For the remainder of the purchase price, USA Compression said it had issued about 18.2 million common units “based on an effective price at signing of $23.5 per common unit (the 10-day volume-weighted average price as of November 26, 2025 with a collar of $23.25-23.5, resulting in an effective price utilized of $23.5), subject to certain purchase price adjustments”. USA Compression had a revenue of $250.26 million for the third quarter of 2025, according to its latest results published November 5, 2025. That was up from $239.96 million for Q3 2024, despite average horsepower utilization slipping from 94.6 percent to 94 percent. Net profit totaled $34.49 million, while adjusted EBITDA landed at $160.27 million – up from $19.33 million and $145.69 million for Q3 2024 respectively. Distributable cash flow was $103.85 million, compared to $86.61 million for Q3

Read More »

IPAA Boss Highlights ‘Challenging Price Environment’

In a statement sent to Rigzone on Friday by the Independent Petroleum Association of America (IPAA), the organization’s president and CEO, Edith Naegele, highlighted that America’s independent producers are experiencing “a challenging price environment”. “America’s independent oil and natural gas producers ushered in the shale revolution and have a proven record of delivering energy securely and competitively,” Naegele said in the statement. “America’s independent producers are committed to producing the energy that powers American lives and competitiveness. IPAA’s member companies support American energy dominance and are the backbone of communities throughout the producing states, providing jobs and economic security in regions across the country,” Naegele added. “This is a challenging price environment for America’s independent producers. America’s independents are known for taking risks, and no matter the basin they desire stability as they make capital allocation decisions,” the IPAA President continued. “As global markets continue to develop and change, and as production opportunities present themselves around the world, IPAA’s member companies will continue to evaluate all prospects to produce oil and natural gas safely and securely,” Naegele went on to state. Rigzone has contacted the U.S. Department of Energy (DOE) for comment on the IPAA statement. At the time of writing, the DOE has not responded to Rigzone. In a J.P. Morgan research note sent to Rigzone by the JPM Commodities Research team on Friday, J.P. Morgan highlighted that the WTI crude price averaged $59 per barrel in the fourth quarter of last year and $65 per barrel overall in 2025. The company showed that the Brent crude price averaged $63 per barrel in the fourth quarter of last year and $68 per barrel overall in 2025. J.P. Morgan projected in the report that the WTI crude price will average $56 per barrel in the first quarter of 2026 and

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

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2025 playbook for enterprise AI success, from agents to evals

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

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

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

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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

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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

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Veo 3.1 Ingredients to Video: More consistency, creativity and control

Today, Veo is getting more expressive, with improvements that help you create more fun, creative, high-quality videos based on ingredient images, built directly for the mobile format. We’re excited to bring new creative possibilities for everyone from casual storytellers to professional filmmakers.We’re releasing:Improvements to Veo 3.1 Ingredients to Video, our capability that lets you create videos based on reference images. This update makes videos more expressive and creative, even with simple promptsNative vertical outputs for Ingredients to Video (portrait mode) to power mobile-first, short-form video creationState-of-the-art upscaling to 1080p and 4K resolution for high-fidelity production workflowsWhether you are looking for livelier movement, better control over visual elements or broadcast-ready resolution, these updates give you the tools to bring your vision to life. These updates are launching in the Gemini app, YouTube, Flow, Google Vids, the Gemini API and Vertex AI.

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The Download: sodium-ion batteries and China’s bright tech future

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. Sodium-ion batteries are making their way into cars—and the grid For decades, lithium-ion batteries have powered our phones, laptops, and electric vehicles. But lithium’s limited supply and volatile price have led the industry to seek more resilient alternatives. Enter: sodium-ion batteries.  They work much like lithium-ion ones: they store and release energy by shuttling ions between two electrodes. But unlike lithium, a somewhat rare element that is currently mined in only a handful of countries, sodium is cheap and found everywhere. Read why it’s poised to become more important to our energy future.
—Caiwei Chen Sodium-ion batteries are one of MIT Technology Review’s 10 Breakthrough Technologies this year. Take a look at what else made the list. 
CES showed me why Chinese tech companies feel so optimistic —Caiwei Chen I decided to go to CES kind of at the last minute. Over the holiday break, contacts from China kept messaging me about their travel plans. After the umpteenth “See you in Vegas?” I caved. As a China tech writer based in the US, I have one week a year when my entire beat seems to come to me—no 20-hour flights required. CES, the Consumer Electronics Show, is the world’s biggest tech show, where companies launch new gadgets and announce new developments, and it happens every January. China has long had a presence at CES, but this year it showed up in a big way. Chinese companies showcased everything from AI gadgets to household appliances to robots, and the overall mood among them was upbeat. Here’s why.This story was first featured in The Algorithm, our weekly newsletter giving you the inside story of what’s going on in AI. Sign up to receive it in your inbox every Monday. This company is developing gene therapies for muscle growth, erectile dysfunction, and “radical longevity”   At some point this month, a handful of volunteers will be injected with experimental gene therapies as part of an unusual clinical trial. The drugs are potential longevity therapies, says Ivan Morgunov, the CEO of Unlimited Bio, the company behind the trial.   The volunteers—who are covering their own travel and treatment costs—will receive a series of injections in their arms and legs. One of the therapies is designed to increase the blood supply to those muscles. The other is designed to support muscle growth. The company hopes to see improvements in strength, endurance, and recovery. It also plans to eventually trial similar therapies in the scalp (for baldness) and penis (for erectile dysfunction).  However, some experts warn the trial is too small, and likely won’t reveal anything useful. Read the full story. 

—Jessica Hamzelou The must-reads I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology. 1 Apple is teaming up with Google to give Siri an AI revamp That’s a giant win for Google, and a blow for OpenAI. (CNBC)2 Trump wants Elon Musk to help break Iran’s internet blackoutHe’s appealing to Musk to let Iranians circumvent it with Starlink. (WP $)+ Smuggled tech is Iran’s last link to the outside world. (The Guardian) 3 Right-wing influencers have flocked to Minneapolis Their goal is to paint it as a lawless city, and justify ICE’s shooting of Renee Nicole Good. (Wired $)4 The Pentagon is adopting Musk’s Grok AI chatbot Just as it faces a backlash across the world for making non-consensual deepfakes. (NPR)+ The UK is launching a formal probe into X. (The Guardian)+ It’s also bringing in a new law which will make it illegal to make these sorts of images. (BBC) 5 The push to power AI is devastating coastal villages in TaiwanA rapid expansion of wind energy is hurting farmers and fishers. (Rest of World)+ Stop worrying about your AI footprint. Look at the big picture instead. (MIT Technology Review) 6 Don’t hold your breath for robots’ ChatGPT momentAI has unlocked impressive advances in robotics, but we’re a very long way from human-level capabilities. (FT $)+ Will we ever trust humanoid robots in our homes? (MIT Technology Review)7 Meta is about to lay off hundreds of metaverse employeesReality Labs is yesterday’s news—now it’s all about AI. (NYT $)8 We could eradicate flu A “universal” flu vaccine could be far better at protecting us than any existing option. (Vox $)
9 You can now reserve a hotel room on the moonIt’s all yours, for just $250,000. (Ars Technica)+ This astronaut is training tourists to fly in the world’s first commercial space station. (MIT Technology Review)10 AI images are complicating efforts to find some monkeys in Missouri For real. 🙈 (AP) 
Quote of the day “In big cities, everyone is an isolated, atomized individual. People live in soundproof apartments, not knowing the surname of their neighbors.” —A user on social media platform RedNote explains why a new app called ‘Are you dead’ has become popular in China, Business Insider reports.  One more thing STUART BRADFORD AI is coming for music, too
While large language models that generate text have exploded in the last three years, a different type of AI, based on what are called diffusion models, is having an unprecedented impact on creative domains.  By transforming random noise into coherent patterns, diffusion models can generate new images, videos, or speech, guided by text prompts or other input data. The best ones can create outputs indistinguishable from the work of people. Now these models are marching into a creative field that is arguably more vulnerable to disruption than any other: music. And their output encapsulates how difficult it’s becoming to define authorship and originality in the age of AI. Read the full story. —James O’Donnell
We can still have nice things A place for comfort, fun and distraction to brighten up your day. (Got any ideas? Drop me a line or skeet ’em at me.) + Bricking your phone is the new Dry January. + If you’re hankering for an adventure this year, check out this National Geographic list.+ There are few people more furiously punk than women going through the menopause, as this new TV show demonstrates ($).+ Aww, look how Pallas cats keep their paws warm in winter.

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CES showed me why Chinese tech companies feel so optimistic

This story originally appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here. I decided to go to CES kind of at the last minute. Over the holiday break, contacts from China kept messaging me about their travel plans. After the umpteenth “See you in Vegas?” I caved. As a China tech writer based in the US, I have one week a year when my entire beat seems to come to me—no 20-hour flights required. CES, the Consumer Electronics Show, is the world’s biggest tech show, where companies launch new gadgets and announce new developments, and it happens every January. This year, it attracted over 148,000 attendees and over 4,100 exhibitors. It sprawls across the Las Vegas Convention Center, the city’s biggest exhibition space, and spills over into adjacent hotels.  China has long had a presence at CES, but this year it showed up in a big way. Chinese exhibitors accounted for nearly a quarter of all companies at the show, and in pockets like AI hardware and robotics, China’s presence felt especially dominant. On the floor, I saw tons of Chinese industry attendees roaming around, plus a notable number of Chinese VCs. Multiple experienced CES attendees told me this is the first post-covid CES where China was present in a way you couldn’t miss. Last year might have been trending that way too, but a lot of Chinese attendees reportedly ran into visa denials. Now AI has become the universal excuse, and reason, to make the trip.
As expected, AI was the biggest theme this year, seen on every booth wall. It’s both the biggest thing everyone is talking about and a deeply confusing marketing gimmick. “We added AI” is slapped onto everything from the reasonable (PCs, phones, TVs, security systems) to the deranged (slippers, hair dryers, bed frames).  Consumer AI gadgets still feel early and of very uneven quality. The most common categories are educational devices and emotional support toys—which, as I’ve written about recently, are all the rage in China. There are some memorable ones: Luka AI makes a robotic panda that scuttles around and keeps a watchful eye on your baby. Fuzozo, a fluffy keychain-size AI robot, is basically a digital pet in physical form. It comes with a built-in personality and reacts to how you treat it. The companies selling these just hope you won’t think too hard about the privacy implications.
Ian Goh, an investor at 01.VC, told me China’s manufacturing advantage gives it a unique edge in AI consumer electronics, because a lot of Western companies feel they simply cannot fight and win in the arena of hardware.  Another area where Chinese companies seem to be at the head of the pack is household electronics. The products they make are becoming impressively sophisticated. Home robots, 360 cams, security systems, drones, lawn-mowing machines, pool heat pumps … Did you know two Chinese brands basically dominate the market for home cleaning robots in the US and are eating the lunch of Dyson and Shark? Did you know almost all the suburban yard tech you can buy in the West comes from Shenzhen, even though that whole backyard-obsessed lifestyle barely exists in China? This stuff is so sleek that you wouldn’t clock it as Chinese unless you went looking. The old “cheap and repetitive” stereotype doesn’t explain what I saw. I walked away from CES feeling that I needed a major home appliance upgrade. Of course, appliances are a safe, mature market. On the more experiential front, humanoid robots were a giant magnet for crowds, and Chinese companies put on a great show. Every robot seemed to be dancing, in styles from Michael Jackson to K-pop to lion dancing, some even doing back flips. Hangzhou-based Unitree even set up a boxing ring where people could “challenge” its robots. The robot fighters were about half the size of an adult human and the matches often ended in a robot knockout, but that’s not really the point. What Unitree was actually showing off was its robots’ stability and balance: they got shoved, stumbled across the ring, and stayed upright, recovering mid-motion. Beyond flexing dynamic movements like these there were also impressive showcases of dexterity: Robots could be seen folding paper pinwheels, doing laundry, playing piano, and even making latte art. CAL SPORT MEDIA VIA AP IMAGES However, most of these robots, even the good ones, are one-trick ponies. They’re optimized for a specific task on the show floor. I tried to make one fold a T-shirt after I’d flipped the garment around, and it got confused very quickly.  Still, they’re getting a lot of hype as an  important next frontier because they could help drag AI out of text boxes and into the physical world. As LLMs mature, vision-language models feel like the logical next step. But then you run into the big problem: There’s far less physical-world data than text data to train AI on. Humanoid robots become both applications and roaming data-collection terminals. China is uniquely positioned here because of supply chains, manufacturing depth, and spillover from adjacent industries (EVs, batteries, motors, sensors), and it’s already developing a humanoid training industry, as Rest of World reported recently.  Most Chinese companies believe that if you can manufacture at scale, you can innovate, and they’re not wrong. A lot of the confidence in China’s nascent humanoid robot industry and beyond is less about a single breakthrough and more about “We can iterate faster than the West.” Chinese companies are not just selling gadgets, though—they’re working on every layer of the tech stack. Not just on end products but frameworks, tooling, IoT enablement, spatial data. Open-source culture feels deeply embedded; engineers from Hangzhou tell me there are AI hackathons every week in the city, where China’s new “little Silicon Valley” is located. Indeed, the headline innovations at CES 2026 were not on devices but in cloud: platforms, ecosystems, enterprise deployments, and “hybrid AI” (cloud + on-device) applications. Lenovo threw the buzziest main-stage events this year, and yes, there were PCs—but the core story was its cross-device AI agent system, Qira, and a partnership pitch with Nvidia aimed at AI cloud providers. Nvidia’s CEO, Jensen Huang, launched Vera Rubin, a new data-center platform, claiming it would  dramatically lower costs for training and running AI. AMD’s CEO, Lisa Su, introduced Helios, another data-center system built to run huge AI workloads. These solutions point to the ballooning AI computing workload at data centers, and the real race of making cloud services cheap and powerful enough to keep up. As I spoke with China-related attendees, the overall mood I felt was a cautious optimism. At a house party I went to, VCs and founders from China were mingling effortlessly with Bay Area transplants. Everyone is building something. Almost no one wants to just make money from Chinese consumers anymore. The new default is: Build in China, sell to the world, and treat the US market like the proving ground.

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Mitigating emissions from air freight: Unlocking the potential of SAF with book and claim

In association withAvelia Emissions from air freight have increased by 25% since 2019, according to a 2024 analysis by environmental advocacy organization Stand.Earth. The researchers found that the expansion of cargo-only fleets to transport goods during the pandemic — as air travel halted, slower freight modes faced disruption, but demand for rapid delivery soared — has led to a yearly increase of almost 20 million tons of carbon dioxide, making up 93.8m tonnes from air freight overall. [embedded content] And though fleet modernization and operational improvements by freight operators have contributed to ongoing decarbonization efforts, sustainable aviation fuel (SAF) looks set to be instrumental in helping the sector achieve its ambitions to reduce environmental footprint in the long-term. When used neat, or pure and unblended, SAF can help reduce the life cycle of greenhouse gas emissions from aviation by as much as 80% relative to conventional fuel. It’s why the International Air Transport Association (IATA) estimates that SAF could account for as much as 65% of total reduction of emissions.
For Christoph Wolff, CEO of the Smart Freight Centre, “SAF is the main pathway” to decarbonization across both freight and the wider aviation ecosystem. “The great thing about SAF is it’s chemically identical to Jet A fuel,” he says. “You can blend it [which means] you have a pathway to ramp it up. You can start small and you can scale it. By scaling it there is the promise or the hope that the price comes down.”
At at least twice the price of conventional jet fuel, cost is a significant barrier hindering broader adoption. And it isn’t the only one standing between SAF and wider penetration. Bridging the gap between a concentrated supply of SAF and global demand also remains a major hurdle. Though the number of verified SAF outlets has increased from fewer than 20 locations in 2021 to 114 as of April 2025, according to sustainability solutions framework 4Air, that accounts for only 92 airports worldwide out of more than 40,000. “SAF is central to the decarbonization of the aviation sector,” believes Raman Ojha, president of Shell Aviation. “Having said that, adoption and penetration of SAF hasn’t really picked up massively. It’s not due to lack of production capacity, but there are lots of things that are at play. And book and claim in that context helps to bridge that gap.” Bridging the gap with book and claim Book and claim is a chain of custody model, where the flow of administrative records is not necessarily connected to the physical product through the supply chain (source: ISO 22095:2020). Book and claim potentially enables airlines and corporations to access the life cycle GHG emissions reduction benefits of SAF relative to conventional jet fuel even when SAF is not physically available at their location; this model helps bridge the gap between that concentrated supply and global demand, until SAF’s availability improves. “To be bold, without book and claim, no short-term science-based target will be achieved,” says Bettina Paschke, vice president of ESG accounting, reporting and controlling at DHL Express. “Book and claim is essential to achieving science-based targets.”

“SAF production facilities are not everywhere,” she reiterates. “They’re very focused on one location, and if a customer wants to fulfil a mass balance obligation, SAF would need to be shipped around the world just to be at that airport for that customer. That would be very complicated, and very unrealistic.” It would also, counterintuitively, increase total emissions. By using book and claim instead, air freight operators can unlock the life cycle greenhouse gas emissions reduction benefits of SAF relative to conventional jet fuel now, without waiting for supply to broaden. “It might no longer be needed when we have SAF product facilities at each airport in the future,” she points out. “But at the moment, that’s not the case.” At DHL itself, the mechanism has become central to achieving its own three interconnected sustainability pillars, which focus on decarbonizing logistics supply chains, supporting customers toward their decarbonization goals, and ensuring credible emission claims can be shared along the value chain. Demonstrating the importance of a credible and viable framework for book and claim systems is also what inspired the 2022 launch of Shell’s Avelia, one of the first blockchain-powered digital SAF book and claim solutions for aviation, which expanded in 2024 to encompass air freight in addition to business travel. Depending on the offering, Avelia offers freight forwarders the opportunity to share the life cycle greenhouse gas emissions reduction benefits of SAF relative to conventional jet fuel across the value chain with shippers using their services. “It’s also backed by a physical supply chain, which gives our customers — whether those be corporates or freight forwarders or even airlines — a peace of mind that the SAF has been injected at a certain airport, it’s been used and environmental attributes, with the help of blockchain, have been tracked to where they’re getting retired,” says Ojha. He adds: “The most important or critical part is the transparency that it’s providing to our customers to be sure that they’re not saying something which they can’t confidently stand behind.” Moving beyond early adoption To scale up SAF via book and claim and help make it a more commercially viable lower-carbon solution, its adoption will need to be a coordinated “ecosystem play,” says Wolff. That includes early adopters, such as DHL, inspiring action from peers, solution providers such as Shell, working with various stakeholders to drive joint advocacy, and industry associations, like the Smart Freight Centre creating the required frameworks, educational resources, and industry alignment. An active book and claim community made up of many forward-thinking advocates is already driving much of this work forward with a common goal to develop greater standardization and consensus, Wolff points out. “It helps to make sure all definitions on the system are compatible and they can talk to one another, provide educational support, and [also that] there’s a repository of transactions so that it can be documented in a way that people can see and think, ‘oh this is how we do it.’ There are some early adopters that are very experienced, but it needs a lot more people for it to get comfortable.” In early 2024, discussions were held with a diverse group of expert book and claim stakeholders to develop and refine 11 key principles and best practices book and claim models. These represent an aligned set of principles informed by practical successes and challenges faced by practitioners working to decarbonize the heavy transport sector.
Adherence to such a framework is crucial given that book and claim is not yet accepted by the Greenhouse Gas (GHG) Protocol nor the Science Based Targets Initiative (SBTi) as a recognized model for reducing greenhouse gas emissions — though there are hopes that might change. “The industrialization of book and claim delivery systems is key to credibility and recognition,” says Wolff. “The Greenhouse Gas Protocol and the Science Based Targets Initiative are making steps in recognizing that. There’s a pathway that the Smart Freight Centre is very closely involved in the technical working groups for [looking]to build such a system where, in addition to physical inventory, you also pursue market-based inventories.”
Paschke urges companies not to sit back and wait for policy to change before taking action, though. “The solution is there,” she says. “There are companies like DHL that are making huge upfront investments, and every single contribution helps to scale the industry and give a strong signal to the eco-space.” As pressure to accelerate decarbonization gains pace, it’s critical that air freight operators consider this now, agrees Ojha. “Don’t wait for perfection in guidelines, regulations, or platforms — act now,” he says. “That’s very, very critical. Second, learn by doing and join hands with others. Don’t try to do everything independently or in-house. “Third, make use of registries and platforms, such as Avelia, that can give credibility. Join them, utilize them, and leverage them so that you won’t have to establish auditability from scratch. “And fourth, don’t look at scope book and claim as a means for acquiring a certificate for environmental attributes. Think in terms of your decarbonisation commitment and think of this as a tool for exposure management. Think in terms of the bigger picture.” That bigger picture being a significant sector-wide push toward faster decarbonization — and turning the tide on emissions’ steep upward ascent. Watch the full webcast. This content was produced by Insights, the custom content arm of MIT Technology Review. It was not written by MIT Technology Review’s editorial staff. It was researched, designed, and written by human writers, editors, analysts, and illustrators. This includes the writing of surveys and collection of data for surveys. AI tools that may have been used were limited to secondary production processes that passed thorough human review. This content is produced by MIT Technology Review Insights in association with Avelia. Avelia is a Shell owned solution and brand that was developed with support from Amex GBT, Accenture and Energy Web Foundation. The views from individuals not affiliated with Shell are their own and not those of Shell PLC or its affiliates. Cautionary note | Shell Global

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Securing digital assets as crypto crime surges

In partnership withLedger In February 2025, cyberattackers thought to be linked to North Korea executed a sophisticated supply chain attack on cryptocurrency exchange Bybit. By targeting its infrastructure and multi-signature security process, hackers managed to steal more than $1.5 billion worth of Ethereum in the largest known digital-asset theft to date. The ripple effects were felt across the cryptocurrency market, with the price of Bitcoin dropping 20% from its record high in January. And the massive losses put 2025 on track to be the worst year in history for cryptocurrency theft. Bitcoin, Ethereum, and stablecoins have established themselves as benchmark monetary vehicles, and, despite volatility, their values continue to rise. In October 2025, the value of cryptocurrency and other digital assets topped $4 trillion. Yet, with this burgeoning value and liquidity comes more attention from cybercriminals and digital thieves. The Bybit attack demonstrates how focused sophisticated attackers are on finding ways to break the security measures that guard the crypto ecosystem, says Charles Guillemet, chief technology officer of Ledger, a provider of secure signer platforms.
”The attackers were very well organized, they have plenty of money, and they are spending a lot of time and resources trying to attack big stuff, because they can,” he says. “In terms of opportunity costs, it’s a big investment, but if at the end they earn $1.4 billion it makes sense to do this investment.” But it also demonstrates how the crypto threat landscape has pitfalls not just for the unwary but for the tech savvy too. On the one hand, cybercriminals are using techniques like social engineering to target end users. On the other, they are increasingly looking for vulnerabilities to exploit at different points in the cryptocurrency infrastructure.
Historically, owners of digital assets have had to stand against these attackers alone. But now, cybersecurity firms and cryptocurrency-solution providers are offering new solutions, powered by in-depth threat research. A treasure trove for attackers One of the advantages of cryprocurrency is self custody. Users can save their private keys—the critical piece of alphanumeric code that proves ownership and grants full control over digital assets—into either a software or hardware wallet to safeguard it. But users must put their faith in the security of the wallet technology, and, because the data is the asset, if the keys are lost or forgotten, the value too can be lost. ”If I hack your credit card, what is the issue? You will call your bank, and they will manage to revert the operations,” says Vincent Bouzon, head of the Donjon research team at Ledger. “The problem with crypto is, if something happens, it’s too late. So we must eliminate the possibility of vulnerabilities and give users security.” Increasingly, attackers are focusing on digital assets known as stablecoins, a form of cryptocurrency that is pegged to the value of a hard asset, such as gold, or a fiat currency, like the US dollar. Stablecoins rely on smart contracts—digital contracts stored on blockchain that use pre-set code to manage issuance, maintain value, and enforce rules—that can be vulnerable to different classes of attacks, often taking advantage of users’ credulity or lack of awareness about the threats. Post-theft countermeasures, such as freezing the transfer of coins and blacklisting of addresses, can lessen the risk with these kinds of attacks, however. Understanding vulnerabilities Software-based wallets, also known as “hot wallets,” which are applications or programs that run on a user’s computer, phone, or web browser, are often a weak link. While their connection to the internet makes them convenient for users, it also makes them more readily accessible to hackers too. “If you are using a software wallet, by design it’s vulnerable because your keys are stored inside your computer or inside your phone. And unfortunately, a phone or a computer is not designed for security.” says Guillemet.

The rewards for exploiting this kind of vulnerability can be extensive. Hackers who stole credentials in a targeted attack on encrypted password manager application LastPass in 2022 managed to transfer millions worth of cryptocurrency away from victims in the subsequent two or more years.  Even hardware-based wallets, which often resemble USB drives or key fobs and are more secure than their software counterparts since they are completely offline, can have vulnerabilities that a diligent attacker might find and exploit. Tactics include the use of side-channel attacks, for example, where a cycbercriminal observes a system’s physical side effects, like timing, power, or electromagnetic and acoustic emissions to gain information about the implementation of an algorithm. Guillemet explains that cybersecurity providers building digital asset solutions, such as wallets, need to help minimize the burden on the users by building security features and providing education about enhancing defense. For businesses to protect cryptocurrency, tokens, critical documents, or other digital assets, this could be a platform that allows multi-stakeholder custody and governance, supports software and hardware protections, and allows for visibility of assets and transactions through Web3 checks. Developing proactive security measures As the threat landscape evolves at breakneck speed, in-depth research conducted by attack labs like Ledger Donjon can help security firms keep pace. The team at Ledger Donjon are working to understand how to proactively secure the digital asset ecosystem and set global security standards. Key projects include the team’s offensive security research, which uses ethical and white hat hackers to simulate attacks and uncover weaknesses in hardware wallets, cryptographic systems, and infrastructure. In November 2022, the Donjon team discovered a vulnerability in Web3 wallet platform Trust Wallet, which had been acquired by Binance. They found that the seed-phrase generation was not random enough, allowing the team to compute all possible private keys and putting as much as $30 million stored in Trust Wallet accounts at risk, says Bouzon. “The entropy was not high enough, the entropy was only 4 billion. It was huge, but not enough,” he says.
To enhance overall safety there are three key principles that digital-asset protection platforms should apply, says Bouzon. First, security providers should create secure algorithms to generate the seed phrases for private keys and conduct in-depth security audits of the software. Second, users should use hardware wallets with a secure screen instead of software wallets. And finally, any smart contract transaction should include visibility into what is being signed to avoid blind signing attacks. Ultimately, the responsibility for safeguarding these valuable assets lies on both digital asset solution providers and the users themselves. As the value of cryptocurrencies continues to grow so too will the threat landscape as hackers keep attempting to circumvent new security measures. While digital asset providers, security firms, and wallet solutions must work to build strong and simple protection to support the cryptocurrency ecosystems, users must also seek out the information and education they need to proactively protect themselves and their wallets.
Learn more about how to secure digital assets in the Ledger Academy. This content was produced by Insights, the custom content arm of MIT Technology Review. It was not written by MIT Technology Review’s editorial staff. This content was researched, designed, and written by human writers, editors, analysts, and illustrators. This includes the writing of surveys and collection of data for surveys. AI tools that may have been used were limited to secondary production processes that passed thorough human review.

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The Download: introducing this year’s 10 Breakthrough Technologies

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. Introducing this year’s 10 Breakthrough Technologies  It’s easy to be cynical about technology these days. Many of the “disruptions” of the last 15 years were more about coddling a certain set of young, moneyed San Franciscans than improving the world. Yet you can be sympathetic to the techlash and still fully buy into the idea that technology can be good. We really can build tools that make this planet healthier, more livable, more equitable, and just all-around better. And some people are doing just that, pushing progress forward across a number of fundamental, potentially world-changing technologies.  
These are exactly the technologies we aim to spotlight in our annual 10 Breakthrough Technologies list. These are 10 technologies that we believe are poised to fundamentally alter the world, and they’re a matter of hot debate across the newsroom for months before being unveiled. So, without further ado… Here’s the full list. Do you think we’ve missed something? You have until April to cast your vote for the 11th breakthrough!
Why some “breakthrough” technologies don’t work out  —Fabio Duarte is associate director and principal research scientist at the MIT Senseable City Lab. Today marks the 25th year the MIT Technology Review newsroom has compiled its annual 10 Breakthrough Technologies list, which means its journalists and editors have now identified 250 technologies as breakthroughs.  A few years ago, editor at large David Rotman revisited the publication’s original list, finding that while all the technologies were still relevant, each had evolved and progressed in often unpredictable ways. I lead students through a similar exercise in a graduate class I teach with James Scott for MIT’s School of Architecture and Planning, asking them what we can learn from the failures.  Although it’s less glamorous than envisioning which advances will change our future, analyzing failed technologies is equally important. Read about why that is. The must-reads I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology.

1 Iran has almost completely shut its internet down Which makes it very hard for the world to witness its government killing people. (AP)+ The shutdown is chillingly effective, and likely to last. (The Guardian)+ President Trump is considering military strikes against Iran. (NYT $)2 ICE is gaining powerful new surveillance capabilitiesIt’s purchased tools that give it the ability to track individuals across entire neighborhoods. (404 Media $)+ The ICE shooting shows why reality still matters. (The Verge $)+ It’s time for Apple to reinstate ICEBlock. (Engadget) 3 Malaysia and Indonesia have blocked access to Grok They are the first in the world to ban the AI tool, which is being used to make explicit non-consensual deepfakes. (BBC)+ How Elon Musk’s platform unleashed a torrent of abuse upon women and girls. (The Guardian)4 Silicon Valley’s billionaires are panicking over a proposed 5% wealth taxPoor dears. (Wired $) 5 Meta signed a deal with three nuclear companiesIt’s becoming a favored power source for tech companies as their AI ambitions grow. (TechCrunch)+ Can nuclear power really fuel the rise of AI? (MIT Technology Review) 6 AI has a memorization problem The fact it reproduces copyrighted work shows it might not work the way its makers claim. (The Atlantic $)+ DeepSeek is poised to release a new flagship AI model. (The Information $)7 Here’s the stuff from CES you might actually consider buying It’s always a bit of a gimmick fest—but these items made their way onto reporters’ wishlists. (The Verge $)+ On the flipside, you absolutely should not purchase anything on the ‘worst in show’ list. (The Register)8 How WhatsApp took over the world 🌍It’s used by more than three billion people every month—nearly half the global population. (New Yorker $)9 AI music is here to stayLove it or hate it, it’s only going to play a bigger role going forward. (Vox)+ It’s complicating our definitions of authorship and creativity in the process. (MIT Technology Review)10 We’re crying out for better experiences onlineThe question is: who will give them to us? (WP $) Quote of the day “Things here are very, very bad. A lot of our friends have been killed. They were firing live rounds. It’s like a war zone, the streets are full of blood. They’re taking away bodies in trucks.” —An anonymous source in Iran’s capital Tehran tells the BBC how the government is cracking down on protests. 
One more thing This startup is about to conduct the biggest real-world test of aluminum as a zero-carbon fuel
Found Energy aims to harness the energy in scraps of aluminum metal to power industrial processes without fossil fuels. Since 2022, the company has worked to develop ways to rapidly release energy from aluminum on a small scale.  Now it’s just switched on a much larger version of its aluminum-powered engine, which it claims is the largest aluminum-water reactor ever built. Soon, it will be installed to supply heat and hydrogen to a tool manufacturing facility in the southeastern US, using the aluminum waste produced by the plant itself as fuel. If everything works as planned, this technology, which uses a catalyst to unlock the energy stored within aluminum metal, could transform a growing share of aluminum scrap into a zero-carbon fuel. Read the full story. —James Dinneen
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.) + I enjoyed this heartwarming story of love across the generational divide ❤️ + It turns out you can cook an egg in an air fryer. The big question is—should you?+ Of course Japan has a real-life Pokémon Fossil Museum.+ If you haven’t already, make 2026 the year you get a hobby. Your life will be all the richer for it.

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Iran Releases Oil Tanker Seized in 2024

An oil tanker seized by Iran two years ago was released, with satellite images showing the vessel off the coast of Oman, against a backdrop of mounting US pressure on the Persian Gulf state. The St Nikolas — seized in January 2024 in retaliation for what Iran called at the time the US “theft” of Iranian oil — was released on Jan. 9, its managers Empire Navigation Inc. said in a statement. The ship arrived near Oman on Jan. 10, they said.  The vessel was seen north of the Sohar anchorage off the coast of Oman, TankerTrackers.com Inc., which specializes in using satellite imagery and other tools to track vessels, said earlier.  Iran’s Foreign Ministry didn’t respond to phone and email requests for comment.  US President Donald Trump has threatened to intervene in Iran to stop a deadly state crackdown on protests that have rocked the country for the past two weeks and left at least 2,000 people dead, according to activists. Trump announced 25% tariffs late Monday on any country “doing business” with Tehran, hours after he said Iran had reached out for negotiations.  Empire said the crew are in good health and that the ship’s satellite tracking system has been reconnected, though it’s inoperable.  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.

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2 Oil Tankers Attacked Near Key CPC Terminal

(Update) January 13, 2026, 4:29 PM GMT: Article updated with Kazakh, Chevron, Delta Tankers statements throughout. Two oil tankers were attacked near the Black Sea loading terminal for the Caspian Pipeline Consortium, the latest significant incident complicating Kazakhstan’s crude exports. The two ships — the Delta Harmony and the Matilda — were due to load barrels from Kazakhstan at the CPC offshore mooring, according to a person familiar with the matter, who asked not to be identified because the information isn’t public. Managers for both ships confirmed the incidents and said their ships had sailed away from the area.  Prior to the attack, the vessels had moved away from the CPC facility, awaiting their turn to collect the cargoes, the person said. The extent of the damage to both ships wasn’t immediately clear.  The attacks risk further disrupting loadings at CPC, where planned shipments have already plunged due to bad winter weather and a mooring damage in a November drone strike. Those disruptions are helping dial back a significant surplus in the global oil market this quarter and have bolstered key futures prices.  At times last year, CPC exported as much as 1.7 million barrels a day of crude, but loadings in January are set to be between 800,000 and 900,000 barrels a day this month.  Kazakhstan’s energy ministry confirmed the incidents in a statement on Telegram. It said the Matilda suffered an explosion without a subsequent fire and no critical damages to its hull, while the Delta Harmony had a fire that was quickly put out, with no injuries to the crews of either vessel. The press office of the Caspian Pipeline Consortium declined to comment. Thenamaris, which manages Matilda, said its ship was struck by an unspecified number of drones while outside the CPC Terminal. It suffered minor damage to the

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Can retired naval power plants solve the data center power crunch?

HGP’s plan includes a revenue share with the government, and the company would create a decommissioning fund, according to Bloomberg. The alternative? After a lengthy decommissioning process, the reactors are shipped to a remote storage facility in Washington state together dust along with dozens of other retired nuclear reactors. So the carrier itself isn’t going to be turned into a data center, but its power plants are being proposed for a data center on land. And even with the lengthening decommissioning process, that’s still faster than building a nuclear power plant from scratch. Don’t hold your breath, says Kristen Vosmaer, managing director, JLL Work Dynamics Data Center team. The idea of converting USS Nimitz’s nuclear reactors to power AI data centers sounds compelling but faces insurmountable obstacles, he argues. “Naval reactors use weapons-grade uranium that civilian entities cannot legally possess, and the Nuclear Regulatory Commission has no pathway to license such facilities. Even setting aside the fuel issue, these military-designed systems would require complete reconstruction to meet civilian safety standards, eliminating any cost advantages over purpose-built nuclear plants,” Vosmaer said. The maritime concept itself, however, does have some merit, said Vosmaer. “Ocean cooling can reduce energy consumption compared to land-based data centers, and floating platforms offer positioning flexibility that fixed facilities cannot match,” Vosmaer said.

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Veo 3.1 Ingredients to Video: More consistency, creativity and control

Today, Veo is getting more expressive, with improvements that help you create more fun, creative, high-quality videos based on ingredient images, built directly for the mobile format. We’re excited to bring new creative possibilities for everyone from casual storytellers to professional filmmakers.We’re releasing:Improvements to Veo 3.1 Ingredients to Video, our capability that lets you create videos based on reference images. This update makes videos more expressive and creative, even with simple promptsNative vertical outputs for Ingredients to Video (portrait mode) to power mobile-first, short-form video creationState-of-the-art upscaling to 1080p and 4K resolution for high-fidelity production workflowsWhether you are looking for livelier movement, better control over visual elements or broadcast-ready resolution, these updates give you the tools to bring your vision to life. These updates are launching in the Gemini app, YouTube, Flow, Google Vids, the Gemini API and Vertex AI.

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EPA final rule on NOx limits emphasizes cost savings to turbine owners

The U.S. Environmental Protection Agency on Friday issued a final rule on nitrogen oxide standards for new gas-fired power plants and other stationary turbines. The standards are significantly more lenient than a proposal issued in November during the Biden administration. The EPA determined that the “best systems of emissions reduction,” or BSER, for NOx emissions is the continued use of combustion controls for all but one subcategory of new, modified or reconstructed turbines. The BSER for new large turbines with 12-month capacity factors over 45% is combustion controls combined with post-combustion selective catalytic reduction, or SCR. In November, the Biden EPA proposed finding that for most combustion turbines, the use of combustion controls plus SCR is the BSER. The EPA estimated its final new source performance standards for stationary combustion turbines will cut annual NOx emissions by up to 296 tons by 2032 — significantly less than the 2,659 tons the proposed rule was estimated to cut. The new standards cover facilities that started construction, modification or reconstruction after Dec. 13, 2024. The standards were last updated in 2006. NOx contributes to asthma, bronchitis, respiratory infections and premature mortality by reacting with other volatile organic compounds to form ozone and fine particulate matter, according to the EPA. The standards come amid a surge in proposed gas-fired power plants across the United States, in part driven by rising electric demand forecasts from data centers. The PJM Interconnection, for example, has approved about 8.1 GW of gas-fired capacity for fast-track interconnection review. The Midcontinent Independent System Operator has approved or is reviewing about 9.2 GW of gas-fired generation in its fast-track interconnection process and the Southwest Power Pool is studying about 9.6 GW of gas-fired capacity in its similar interconnection review. The EPA estimated that the final rule will save power plant owners $87 million

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Analyst Reveals What Spurred Monday’s Gas Price Recovery

A “recovering” late January forecast “spur[red]…” the NYMEX gas “recovery” yesterday, Eli Rubin, an energy analyst at EBW Analytics Group, outlined in an EBW report sent to Rigzone by the EBW team on Tuesday. “The February contract netted a 24.0 cent gain yesterday – reversing Friday’s 23.8 cent decline – as weather forecasts swung back in a colder direction to close January,” Rubin said in the report. “Speculators rotating out of the heaviest short positioning in 13 months may amplify upside, while yesterday’s bounce reset short-term technicals in a bullish direction,” he added. “Today may be the mildest day nationally until late February. Week 2 could see weekly heating demand soar 53 gHDDs and more than 100 billion cubic feet as blowtorch weather flips colder,” he continued. “The Week 3 forecast added 15 gHDDs in the past 24 hours. Other meteorologists also point to chances for reloading cold risks in early February,” Rubin stated. Rubin went on to note in the report that daily LNG feedgas nominations “suggest a record high at 20.4 billion cubic feet per day”. He added, however, that “soaring storage surpluses to year-ago and five-year average levels, and likelihood that the market will manage the coldest days of winter next week without massive disruption, suggest the near-term relief rally may wobble and retreat in the most-likely scenario”. The EBW report highlighted that the February natural gas contract closed at $3.409 per million British thermal units (MMBtu) on Monday. It outlined that this marked a 7.6 percent increase from Friday’s close. In Tuesday’s report, EBW predicted a “test higher and relent” trend for the NYMEX front-month natural gas contract price over the next 7-10 days and a “rebound and retreat” trend over the next 30-45 days. In an EBW report sent to Rigzone on Monday by the

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