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BP Confirms 11 Discoveries in 2025

BP PLC said Monday it has made 11 oil and gas discoveries this year, the latest being Volans offshore Namibia in the Orange Basin. Operator Rhino Resources Ltd announced October 1 a “high liquid-yield gas condensate discovery” in the Volans-1X well in Block 2914A. “The well found 26m of net pay in rich gas condensate-bearing reservoirs, with the reservoir showing excellent quality petrophysical properties and no observed water contact”, Rhino said in a press release. “Hot shot laboratory analysis on two samples (at the top and base of the reservoir interval) showed a high condensate to gas ratio (CGR) of >140 and a liquid density of around 40° API gravity. “Hydrocarbon samples and sidewall cores were collected through intensive wireline logging operations. Laboratory studies will continue to be conducted on the rest of the fluid samples, side wall cores and cuttings collected during the campaign”. The well reached 4,497.5 meters (14,755.58 feet) of true vertical depth subsea (TVDSS), the Cape Town-based company said. The well was drilled by Northern Ocean Ltd’s semi-submersible Deepsea Mira. “The rig was demobilized on 14 September 2025 to begin drilling in another location, while Volans-1X laboratory testing activities will remain ongoing”, Rhino said. Rhino chief executive Travis Smithard said, “Rhino, in collaboration with our partners Azule Energy, NAMCOR and Korres, will now evaluate the results of the ongoing testing and integrate them into blockwide prospectivity studies”. Rhino owns 42.5 percent in Petroleum Exploration License (PEL) 85, which contains the discovery. BP participates through Luanda-based Azule Energy, the British company’s 50-50 venture with Italian state-controlled Eni SpA; Azule Energy owns 42.5 percent of PEL 85. The other partners in the block are National Petroleum Corporation of Namibia with a 10 percent interest and Korres Investments with five percent. “The Volans-1X well marks the third significant hydrocarbon discovery in 2025 for Azule Energy partners, following the Capricornus-1X light oil find in

Read More »

Petrobras to Supply India’s HPCL Up To 6 MM Oil Barrels

Hindustan Petroleum Corp Ltd (HPCL) has contracted Petroleo Brasileiro SA (Petrobras) for the supply of up to six million barrels of crude. With the one-year agreement, “Petrobras will now supply oil to India’s three main state-owned refiners”, Brazil’s state-owned Petrobras said in a press release. It previously signed contracts for Bharat Petroleum Corp Ltd (BPCL) and Indian Oil Corp (IOC). Under the earlier contracts, Petrobras has exported over 20 million barrels to the South Asian country, Petrobras said. “For years, Petrobras’ commercial relations with India were concentrated among private refiners, with Reliance Industries Ltd still being an important current partner. Recently, however, the company has been focusing on state-owned refiners, which consume medium oils that better match the company’s export profile”, it said. Petrobras “is constantly assessing all markets in search of the best placement for its exported oil volumes, negotiating barrels under both contractual and spot modalities”, the company added. “In addition to India, the company has been increasing exports of different grades of crude oil to South Korea, Singapore, Thailand and, most notably, to the European market. In the refined products market, Africa, the Americas and Asia have gained importance. Beyond crude oil, Petrobras also markets internationally more than 10 different petroleum-derived products”. Claudio Schlosser, Petrobras executive director for logistics, commercialization and markets, said, “India is, unquestionably, one of the main drivers of the global economy today and will be even more so in the near future. It is an extremely relevant market for international oil flows, given its robust economic and population growth, combined with its refining capacity of more than five million barrels per day and its local production covering just over 10 percent of its needs”. “The increase in Petrobras’ participation in supplying oil to India is the result of continuous efforts and market development

Read More »

Oil Dips as Surplus Signs Grow

Oil edged down slightly amid signs of easing tensions between the US and China, while traders took stock of mounting evidence that a long-anticipated surplus is finally starting to emerge. West Texas Intermediate was little changed to settle near $57 a barrel as investors rolled over positions ahead of the November contract’s expiry this week, adding to choppy trading. US President Donald Trump earlier expressed optimism about a potential deal between the world’s top oil consumers. Enthusiasm surrounding this development was limited, though, as oil stored on tankers rose to a fresh high, among the most tangible signs yet that markets are oversupplied. Oil futures have tumbled more than 20% from their summer highs as the Organization of the Petroleum Exporting countries and its allies ramp up production, while major forecasters project a flood of supplies continuing into next year. Even so, WTI earlier edged into oversold territory on the nine-day relative strength index for the first time since May, a possible indication that prices lurched lower too fast. It also suggests a reversal may be in the cards. “Crude futures continue to trade on the defensive amid ideas a looming supply surplus is near,” said Dennis Kissler, senior vice president for trading at BOK Financial. Price support for WTI rests at around $56.15, though a close below $55 risks a further price slide, he added. Geopolitical forces are also at play. Prices have been weighed down by limited progress toward a de-escalation of the war in Ukraine, a scenario that could push oil toward $50 a barrel, according to Citigroup Inc. President Donald Trump last week said he would hold a second meeting with Russia’s Vladimir Putin seeking to end the conflict, though previous talks have done little to stem the hostilities. Meanwhile, China’s economy slowed for a second

Read More »

EU Strikes Deal to Ban Russian Gas by End-2027

European Union energy ministers agreed a joint position on plans to ban all gas supplies from Russia by the end of 2027, as the bloc looks to definitively end its reliance on energy from Moscow. A qualified majority of officials meeting in Luxembourg Monday supported the ban, which starts by prohibiting Russian supplies under existing short-term contracts by mid-June, with an exemption for landlocked countries such as Hungary and Slovakia. A prohibition on long-term deals follows 18 months later. Hungary and Slovakia did not support the ban. The deal on Monday was a procedural step on the RePowerEU regulation, which aims to permanently end Europe’s dependence on Russian fossil fuels. Negotiations with the European Parliament, which is calling for a faster exit from Russian gas and a halting of oil imports from the start of next year, can now start. The aim is to reach a final deal before the end of the year. The EU is pursuing a two-pronged strategy to finally end its addiction to Russian fossil fuels after President Vladimir Putin invaded Ukraine in 2022. The second strand involves a separate proposal to impose sanctions on imports of Russian liquefied natural gas from the start of 2027. It requires unanimity and is still being discussed. Europe has been under pressure from the US to speed up moves to sever its energy ties with Moscow, and buy more American LNG. A joint statement on EU-US trade pledged $750 billion in energy deals between the two over the next three years. The EU receives about 15% of its LNG supplies from Moscow, making Russia the second-largest provider of the fuel to Europe after the US, with the monthly bill for those imports ranging between €500 million ($584 million) and €700 million. “This is not just for the present conflict,”

Read More »

Riverbed tackles AI data bottleneck with new Oracle-based service

“Customers are looking for faster, more secure ways to move massive datasets so they can bring AI initiatives to life,” said Sachin Menon, Oracle’s vice president of cloud engineering, in a statement. “With Riverbed Data Express Service deployed on OCI, organizations will be able to accelerate time to value, reduce costs, and help ensure that their data remains protected.” Riverbed’s Aras explains that its Data Express Service uses post-quantum cryptography (PQC) to move petabyte-scale datasets through secure VPN tunnels to ensure that customer data remains protected during the transfer process. The technology is based on Riverbed’s SteelHead acceleration platform running RiOS 10 software. “Our cloud-optimized technology design delivers much higher data retrieval, data movement across the network, and data write rates, through highly performant data mover instances, instance parallelization and matched network fabric configurations. The design is tailored for each cloud, to ensure maximal performance can be achieved using cloud-specific product adjustments,” Aras says. “The time for preventing harvest-now, decrypt-later is now,” Aras says, referring to the security threat where encrypted data is intercepted and stored for decryption once quantum computers become powerful enough. The Riverbed service addresses use cases spanning AI model training, inference operations, and emerging agentic AI applications. Data Express is initially deployed on Oracle Cloud Infrastructure, but Riverbed said the service will orchestrate data movement across AWS, Azure, and Google Cloud Platform, as well as on-premises data centers. General availability is planned for Q4 2025.

Read More »

Residential electricity prices surge ahead of C&I rates: Berkeley Lab

Residential electricity retail prices rose more rapidly than commercial and industrial prices from 2019 to 2024, according to a study released last week by the Lawrence Berkeley National Laboratory. Nationwide, average residential prices jumped 27% to 16.5 cents/kWh in the five years since 2019 while average commercial prices increased 19% to 12.8 cents/kWh and industrial prices climbed 19% to 8.1 cents/kWh, the LBNL researchers said in a summary of the report examining factors that affect electricity prices. Overall retail electricity prices fell in 37 states from 2019 to 2024 when adjusting for inflation, the researchers said. Driven by wildfire-related costs, inflation-adjusted electricity prices surged 6.2% in California — the most among states, according to the report. Real prices also increased in the Northeast in the five-year period. Optional Caption Retrieved from Lawrence Berkeley National Laboratory. Last year, retail electricity prices ranged from less than 8 cents/kWh in North Dakota to more than 27 cents/kWh in California, according to the LBNL report. The LBNL researchers found that state energy policies can contribute to rising electricity prices. “States with the largest price increases in recent years typically featured shrinking customer loads — partially linked to growth in net metered behind-the-meter solar — and had [renewable portfolio standard] programs in concert with relatively costly incremental renewable energy supplies,” the researchers said. States with RPS programs that called for new supplies in the last five years increased retail electricity prices by about 0.4 cents/kWh, according to the study. However, electricity prices appear unaffected by “market-based” utility-scale renewable energy projects built outside of RPS mandates, the LBNL researchers found. Also, while behind-the-meter solar cut net electricity load in some states — by more than 5% in California, Maine and Rhode Island, for example — it is linked to higher electricity prices, according to the study.

Read More »

BP Confirms 11 Discoveries in 2025

BP PLC said Monday it has made 11 oil and gas discoveries this year, the latest being Volans offshore Namibia in the Orange Basin. Operator Rhino Resources Ltd announced October 1 a “high liquid-yield gas condensate discovery” in the Volans-1X well in Block 2914A. “The well found 26m of net pay in rich gas condensate-bearing reservoirs, with the reservoir showing excellent quality petrophysical properties and no observed water contact”, Rhino said in a press release. “Hot shot laboratory analysis on two samples (at the top and base of the reservoir interval) showed a high condensate to gas ratio (CGR) of >140 and a liquid density of around 40° API gravity. “Hydrocarbon samples and sidewall cores were collected through intensive wireline logging operations. Laboratory studies will continue to be conducted on the rest of the fluid samples, side wall cores and cuttings collected during the campaign”. The well reached 4,497.5 meters (14,755.58 feet) of true vertical depth subsea (TVDSS), the Cape Town-based company said. The well was drilled by Northern Ocean Ltd’s semi-submersible Deepsea Mira. “The rig was demobilized on 14 September 2025 to begin drilling in another location, while Volans-1X laboratory testing activities will remain ongoing”, Rhino said. Rhino chief executive Travis Smithard said, “Rhino, in collaboration with our partners Azule Energy, NAMCOR and Korres, will now evaluate the results of the ongoing testing and integrate them into blockwide prospectivity studies”. Rhino owns 42.5 percent in Petroleum Exploration License (PEL) 85, which contains the discovery. BP participates through Luanda-based Azule Energy, the British company’s 50-50 venture with Italian state-controlled Eni SpA; Azule Energy owns 42.5 percent of PEL 85. The other partners in the block are National Petroleum Corporation of Namibia with a 10 percent interest and Korres Investments with five percent. “The Volans-1X well marks the third significant hydrocarbon discovery in 2025 for Azule Energy partners, following the Capricornus-1X light oil find in

Read More »

Petrobras to Supply India’s HPCL Up To 6 MM Oil Barrels

Hindustan Petroleum Corp Ltd (HPCL) has contracted Petroleo Brasileiro SA (Petrobras) for the supply of up to six million barrels of crude. With the one-year agreement, “Petrobras will now supply oil to India’s three main state-owned refiners”, Brazil’s state-owned Petrobras said in a press release. It previously signed contracts for Bharat Petroleum Corp Ltd (BPCL) and Indian Oil Corp (IOC). Under the earlier contracts, Petrobras has exported over 20 million barrels to the South Asian country, Petrobras said. “For years, Petrobras’ commercial relations with India were concentrated among private refiners, with Reliance Industries Ltd still being an important current partner. Recently, however, the company has been focusing on state-owned refiners, which consume medium oils that better match the company’s export profile”, it said. Petrobras “is constantly assessing all markets in search of the best placement for its exported oil volumes, negotiating barrels under both contractual and spot modalities”, the company added. “In addition to India, the company has been increasing exports of different grades of crude oil to South Korea, Singapore, Thailand and, most notably, to the European market. In the refined products market, Africa, the Americas and Asia have gained importance. Beyond crude oil, Petrobras also markets internationally more than 10 different petroleum-derived products”. Claudio Schlosser, Petrobras executive director for logistics, commercialization and markets, said, “India is, unquestionably, one of the main drivers of the global economy today and will be even more so in the near future. It is an extremely relevant market for international oil flows, given its robust economic and population growth, combined with its refining capacity of more than five million barrels per day and its local production covering just over 10 percent of its needs”. “The increase in Petrobras’ participation in supplying oil to India is the result of continuous efforts and market development

Read More »

Oil Dips as Surplus Signs Grow

Oil edged down slightly amid signs of easing tensions between the US and China, while traders took stock of mounting evidence that a long-anticipated surplus is finally starting to emerge. West Texas Intermediate was little changed to settle near $57 a barrel as investors rolled over positions ahead of the November contract’s expiry this week, adding to choppy trading. US President Donald Trump earlier expressed optimism about a potential deal between the world’s top oil consumers. Enthusiasm surrounding this development was limited, though, as oil stored on tankers rose to a fresh high, among the most tangible signs yet that markets are oversupplied. Oil futures have tumbled more than 20% from their summer highs as the Organization of the Petroleum Exporting countries and its allies ramp up production, while major forecasters project a flood of supplies continuing into next year. Even so, WTI earlier edged into oversold territory on the nine-day relative strength index for the first time since May, a possible indication that prices lurched lower too fast. It also suggests a reversal may be in the cards. “Crude futures continue to trade on the defensive amid ideas a looming supply surplus is near,” said Dennis Kissler, senior vice president for trading at BOK Financial. Price support for WTI rests at around $56.15, though a close below $55 risks a further price slide, he added. Geopolitical forces are also at play. Prices have been weighed down by limited progress toward a de-escalation of the war in Ukraine, a scenario that could push oil toward $50 a barrel, according to Citigroup Inc. President Donald Trump last week said he would hold a second meeting with Russia’s Vladimir Putin seeking to end the conflict, though previous talks have done little to stem the hostilities. Meanwhile, China’s economy slowed for a second

Read More »

EU Strikes Deal to Ban Russian Gas by End-2027

European Union energy ministers agreed a joint position on plans to ban all gas supplies from Russia by the end of 2027, as the bloc looks to definitively end its reliance on energy from Moscow. A qualified majority of officials meeting in Luxembourg Monday supported the ban, which starts by prohibiting Russian supplies under existing short-term contracts by mid-June, with an exemption for landlocked countries such as Hungary and Slovakia. A prohibition on long-term deals follows 18 months later. Hungary and Slovakia did not support the ban. The deal on Monday was a procedural step on the RePowerEU regulation, which aims to permanently end Europe’s dependence on Russian fossil fuels. Negotiations with the European Parliament, which is calling for a faster exit from Russian gas and a halting of oil imports from the start of next year, can now start. The aim is to reach a final deal before the end of the year. The EU is pursuing a two-pronged strategy to finally end its addiction to Russian fossil fuels after President Vladimir Putin invaded Ukraine in 2022. The second strand involves a separate proposal to impose sanctions on imports of Russian liquefied natural gas from the start of 2027. It requires unanimity and is still being discussed. Europe has been under pressure from the US to speed up moves to sever its energy ties with Moscow, and buy more American LNG. A joint statement on EU-US trade pledged $750 billion in energy deals between the two over the next three years. The EU receives about 15% of its LNG supplies from Moscow, making Russia the second-largest provider of the fuel to Europe after the US, with the monthly bill for those imports ranging between €500 million ($584 million) and €700 million. “This is not just for the present conflict,”

Read More »

Riverbed tackles AI data bottleneck with new Oracle-based service

“Customers are looking for faster, more secure ways to move massive datasets so they can bring AI initiatives to life,” said Sachin Menon, Oracle’s vice president of cloud engineering, in a statement. “With Riverbed Data Express Service deployed on OCI, organizations will be able to accelerate time to value, reduce costs, and help ensure that their data remains protected.” Riverbed’s Aras explains that its Data Express Service uses post-quantum cryptography (PQC) to move petabyte-scale datasets through secure VPN tunnels to ensure that customer data remains protected during the transfer process. The technology is based on Riverbed’s SteelHead acceleration platform running RiOS 10 software. “Our cloud-optimized technology design delivers much higher data retrieval, data movement across the network, and data write rates, through highly performant data mover instances, instance parallelization and matched network fabric configurations. The design is tailored for each cloud, to ensure maximal performance can be achieved using cloud-specific product adjustments,” Aras says. “The time for preventing harvest-now, decrypt-later is now,” Aras says, referring to the security threat where encrypted data is intercepted and stored for decryption once quantum computers become powerful enough. The Riverbed service addresses use cases spanning AI model training, inference operations, and emerging agentic AI applications. Data Express is initially deployed on Oracle Cloud Infrastructure, but Riverbed said the service will orchestrate data movement across AWS, Azure, and Google Cloud Platform, as well as on-premises data centers. General availability is planned for Q4 2025.

Read More »

Residential electricity prices surge ahead of C&I rates: Berkeley Lab

Residential electricity retail prices rose more rapidly than commercial and industrial prices from 2019 to 2024, according to a study released last week by the Lawrence Berkeley National Laboratory. Nationwide, average residential prices jumped 27% to 16.5 cents/kWh in the five years since 2019 while average commercial prices increased 19% to 12.8 cents/kWh and industrial prices climbed 19% to 8.1 cents/kWh, the LBNL researchers said in a summary of the report examining factors that affect electricity prices. Overall retail electricity prices fell in 37 states from 2019 to 2024 when adjusting for inflation, the researchers said. Driven by wildfire-related costs, inflation-adjusted electricity prices surged 6.2% in California — the most among states, according to the report. Real prices also increased in the Northeast in the five-year period. Optional Caption Retrieved from Lawrence Berkeley National Laboratory. Last year, retail electricity prices ranged from less than 8 cents/kWh in North Dakota to more than 27 cents/kWh in California, according to the LBNL report. The LBNL researchers found that state energy policies can contribute to rising electricity prices. “States with the largest price increases in recent years typically featured shrinking customer loads — partially linked to growth in net metered behind-the-meter solar — and had [renewable portfolio standard] programs in concert with relatively costly incremental renewable energy supplies,” the researchers said. States with RPS programs that called for new supplies in the last five years increased retail electricity prices by about 0.4 cents/kWh, according to the study. However, electricity prices appear unaffected by “market-based” utility-scale renewable energy projects built outside of RPS mandates, the LBNL researchers found. Also, while behind-the-meter solar cut net electricity load in some states — by more than 5% in California, Maine and Rhode Island, for example — it is linked to higher electricity prices, according to the study.

Read More »

As cyber threats grow, utilities say lapsed information-sharing law stymies security

Dive Brief: Amid rising threats to operational systems and a chaotic geopolitical environment, electric utilities want Congress to cleanly reauthorize the Cybersecurity Information Sharing Act of 2015, which allows for greater information sharing between the power sector and federal government. The law lapsed October 1. A temporary extension was included in the government funding bill, which failed and resulted in the current shutdown. A bipartisan Senate bill could bring CISA’s protections back into force. It is vital that utilities are able to share threat information as the risks are rising, said Kristine Martz, a principal product advisor at cybersecurity firm Dragos. “Adversaries are becoming aware of the impact that they can achieve against easy to access industrial control systems,” or ICS, she said Friday at a conference hosted by Columbia University’s School of International and Public Affairs. Dive Insight: “We’ve seen a consistent rise in threat activity over the years,” Martz said, noting new threat adversaries are focused on operational technology and ICS environments where they can impact the delivery of services. “They get in through these internet-facing devices and just live off the land for a long time to perform reconnaissance, pulling down things like your GIS data, your network maps,” Martz said. “Living off the land” refers to cyber intruders using legitimate network tools to cover their presence and gain information. While utility regulations like the North American Electric Reliability Corp.’s Critical Infrastructure Protection standards have helped create a baseline of security and shored up obvious weaknesses, Dragos has identified new threat groups developing operational and ICS-specific malware which take advantage of the extensive knowledge of utility work environments that hackers can gain from their research, Martz said. Given the threat, and in an environment of rapidly growing electricity demand, it is vital that electric utilities are able to share information

Read More »

Residential electricity prices surge ahead of C&I rates: Berkeley Lab

Residential electricity retail prices rose more rapidly than commercial and industrial prices from 2019 to 2024, according to a study released last week by the Lawrence Berkeley National Laboratory. Nationwide, average residential prices jumped 27% to 16.5 cents/kWh in the five years since 2019 while average commercial prices increased 19% to 12.8 cents/kWh and industrial prices climbed 19% to 8.1 cents/kWh, the LBNL researchers said in a summary of the report examining factors that affect electricity prices. Overall retail electricity prices fell in 37 states from 2019 to 2024 when adjusting for inflation, the researchers said. Driven by wildfire-related costs, inflation-adjusted electricity prices surged 6.2% in California — the most among states, according to the report. Real prices also increased in the Northeast in the five-year period. Optional Caption Retrieved from Lawrence Berkeley National Laboratory. Last year, retail electricity prices ranged from less than 8 cents/kWh in North Dakota to more than 27 cents/kWh in California, according to the LBNL report. The LBNL researchers found that state energy policies can contribute to rising electricity prices. “States with the largest price increases in recent years typically featured shrinking customer loads — partially linked to growth in net metered behind-the-meter solar — and had [renewable portfolio standard] programs in concert with relatively costly incremental renewable energy supplies,” the researchers said. States with RPS programs that called for new supplies in the last five years increased retail electricity prices by about 0.4 cents/kWh, according to the study. However, electricity prices appear unaffected by “market-based” utility-scale renewable energy projects built outside of RPS mandates, the LBNL researchers found. Also, while behind-the-meter solar cut net electricity load in some states — by more than 5% in California, Maine and Rhode Island, for example — it is linked to higher electricity prices, according to the study.

Read More »

Oil’s Billion Barrel Sea Surplus Expands

A flotilla of crude oil on the world’s oceans expanded to a fresh high as producer nations keep adding barrels and the tankers sail further for deliveries. A total of 1.24 billion barrels of crude and condensate, a light form of oil recovered from gas fields, was moving on tankers in the week to Oct. 17, according to data from analytics firm Vortexa. That was up from a revised 1.22 billion barrels a week earlier.  Oil traders warned last week that a long-anticipated surplus is finally starting to materialize and the amount of cargo at sea is one indicator of that.  Production is rising from members of the OPEC+ group of nations, which are unwinding earlier output cuts — as well as countries outside the group, predominantly in the Americas, where Guyana recently started pumping from a new offshore field and US output hit a new high. The build-up comes at a time when demand growth is slowing, with forecasters predicting a surplus that could rise to as much as 4 million barrels a day in the early months of next year. Oil prices fell 0.8% on Monday, taking their decline so far this year to 18%. Eight members of the Organization of the Petroleum Exporting Countries and their allies, which together make up the OPEC+ grouping, raised their collective production target by almost 2.5 million barrels a day between March and September. While increases in actual production have lagged, the group still added more than 2 million barrels a day to supply over that period. Vortexa’s figures exclude oil in floating storage, defined as being on vessels that have been stationary for at least seven days. The biggest increases have come from Saudi Arabia, the United Arab Emirates and Russia, whose combined output has risen by 1.77 million barrels a day.

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Bullish Weather Shift Sparks NatGas Revival

In an EBW Analytics Group report sent to Rigzone by the EBW team on Monday, Eli Rubin, an energy analyst at the company, noted that a “bullish weather shift spark[ed]… [a] natural gas revival”. “After testing as low as $2.893 per million British thermal units (MMBtu) intraday Friday – and with weekend Henry Hub spot prices falling to $2.66 [per MMBtu] – a cooler weekend weather shift has revived bullish fortunes for the November contract,” Rubin said in the report. “Further, weekly average LNG was at a record high over the weekend and natural gas production readings slumped in the Permian and Marcellus,” Rubin added. In the report, Rubin noted that “some meteorologists reflect a larger heating demand gain, helping to explain the pop at the front of the curve”. “Cooler weather (the next three EIA [U.S. Energy Information Administration] weeks are expected to be below long-term normals) slashes risks of bearish outcomes akin to early November 2024,” Rubin said. The energy analyst stated in the report that “shorts covering some positions likely underlies the market reaction higher”. “Still, lofty storage, mild weather, and returning production remain,” Rubin warned in the report. “The $3.22-3.24 per MMBtu level is a key technical battleground, however, and if weather models continue colder or bulls lift November above key resistance, extended near-term upside potential may occur,” he added. EBW’s report highlighted that the November natural gas contract closed at $3.008 per MMBtu on Friday. This was up 7.0 cents, or 2.4 percent, from Thursday’s close, the report outlined. In a separate EBW report sent to Rigzone by the EBW team on Friday, Rubin warned that “near to medium term natural gas weakness extend[ed]”. “Yesterday’s [Thursday] EIA-reported 80 billion cubic foot injection confirmed a lofty storage trajectory, driving the November 2025 natural gas contract to

Read More »

Analysts Talk Oil and Gas Bust Cycle

Is the oil and gas market currently in a bust cycle? That’s the question Rigzone asked James Davis, Director of Short-Term Global Oil Service and Head of Upstream Oil at FGE London, in an exclusive interview recently. In response, Davis told Rigzone, “crude oil prices have fallen year on year, and as the supply surplus continues, as evidenced by reported stockbuilds, prices will fall further”. “We’re already seeing evidence of oil companies cutting investment as a result of lower prices,” he added. “If these are the qualities of what you want to call a bust cycle, then, we’re in a bust cycle,” he said. In the interview, Davis highlighted to Rigzone that, for producers, $60 per barrel oil today doesn’t go as far as it did back in 2019. “For the average tight oil producer, $60 per barrel today gives you very little free cash flow,” he said. “However, in 2019, the average tight oil producer might have realized $10-15 per barrel of free cash flow at $60 per barrel,” he added. “While operating expenditure and capital expenditure have crept up, it is weaker gas prices that have had the biggest impact on cost exposure,” Davis pointed out. “Nonetheless operating margins are not as good at the current price deck as they would have been six years ago,” he noted. When asked if this bust cycle is going to negatively affect future production, Davis told Rigzone that FGE is already seeing evidence that the low oil price environment is impacting oil output, particularly in the United States. “While low cost producers (oil majors and international oil companies) have managed to grow output this year, the smaller, high cost producers have seen their output slump by around 200-300,000 barrels per day,” he said. “We expect more declines from high cost producers

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JERA, Hawai’i Partner for Energy Transition

JERA Co Inc and the Hawaiian government have signed a collaboration agreement “focusing on fuel diversity and developing pathways toward decarbonization”, the Japanese integrated power company said. The “strategic partnering agreement” between JERA and the governor’s office “is designed to help realize the Hawai’i State Energy Office’s ‘Alternative Fuels, Repowering and Energy Transition Study’, published in January 2025, which concluded in the short term that the state should accelerate its shift away from oil by using affordable and reliable alternative fuels, including natural gas”, JERA said in a statement on its website. Governor Josh Green said in the statement, “By collaborating with JERA – Japan’s largest power producer and a recognized global leader in energy transition – we are gaining access to valuable expertise and experience that will help accelerate our decarbonization journey while improving reliability and affordability for our residents”. JERA global chief executive Yukio Kani said, “As island communities, Japan and Hawai’i share similar challenges and opportunities in pursuing affordability, stability and sustainability. By working together, we aim to develop practical, innovative solutions that strengthen energy resilience and reduce costs for the people of Hawai’i”. The company added, “JERA brings extensive experience in the development and operation of large-scale, reliable energy infrastructure worldwide, with a growing focus on low-carbon fuels, hydrogen, ammonia and renewable energy integration”. In the study by the Hawai’i State Energy Office (HSEO), the agency proposed a new power plant that would run on natural gas supplied by a floating storage regasification unit. “LNG emerged as the near-term fuel with the potential to cost-effectively reduce the state’s greenhouse gas emissions during the transition to economywide decarbonization in 2045, but more analysis is needed to quantify a range of potential benefits and to identify how those benefits can be maximized to residents at the appropriate level of infrastructure buildout”,

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

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

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

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

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Final 45V hydrogen tax credit guidance draws mixed response

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

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

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

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

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

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

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

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Flowers of the future

Flowers play a key role in most landscapes, from urban to rural areas. There might be dandelions poking through the cracks in the pavement, wildflowers on the highway median, or poppies covering a hillside. We might notice the time of year they bloom and connect that to our changing climate. Perhaps we are familiar with their cycles: bud, bloom, wilt, seed. Yet flowers have much more to tell in their bright blooms: The very shape they take is formed by local and global climate conditions.  The form of a flower is a visual display of its climate, if you know what to look for. In a dry year, its petals’ pigmentation may change. In a warm year, the flower might grow bigger. The flower’s ultraviolet-absorbing pigment increases with higher ozone levels. As the climate changes in the future, how might flowers change?  Anthocyanins are red or indigo pigments that supply antioxidants and photoprotectants, which help a plant tolerate climate-related stresses such as droughts.© 2021 SULLIVAN CN, KOSKI MH An artistic research project called Plant Futures imagines how a single species of flower might evolve in response to climate change between 2023 and 2100—and invites us to reflect on the complex, long-term impacts of our warming world. The project has created one flower for every year from 2023 to 2100. The form of each one is data-driven, based on climate projections and research into how climate influences flowers’ visual attributes.  More ultraviolet pigment protects flowers’ pollen against increasing ozone levels.MARCO TODESCO Under unpredictable weather conditions, the speculative flowers grow a second layer of petals. In botany, a second layer is called a “double bloom” and arises from random mutations.COURTESY OF ANNELIE BERNER Plant Futures began during an artist residency in Helsinki, where I worked closely with the biologist Aku Korhonen to understand how climate change affected the local ecosystem. While exploring the primeval Haltiala forest, I learned of the Circaea alpina, a tiny flower that was once rare in that area but has become more common as temperatures have risen in recent years. Yet its habitat is delicate: The plant requires shade and a moist environment, and the spruce population that provides those conditions is declining in the face of new forest pathogens. I wondered: What if the Circaea alpina could survive in spite of climate uncertainty? If the dark, shaded bogs turn into bright meadows and the wet ground dries out, how might the flower adapt in order to survive? This flower’s potential became the project’s grounding point. 
The author studying historical Circaea samples in the Luomus Botanical Collections.COURTESY OF ANNELIE BERNER Outside the forest, I worked with botanical experts in the Luomus Botanical Collections. I studied samples of Circaea flowers from as far back as 1906, and I researched historical climate conditions in an attempt to understand how flower size and color related to a year’s temperature and precipitation patterns.  I researched how other flowering plants respond to changes to their climate conditions and wondered how the Circaea would need to adapt to thrive in a future world. If such changes happened, what would the Circaea look like in 2100?  We designed the future flowers through a combination of data-driven algorithmic mapping and artistic control. I worked with the data artist Marcin Ignac from Variable Studio to create 3D flowers whose appearance was connected to climate data. Using Nodes.io, we made a 3D model of the Circaea alpina based on its current morphology and then mapped how those physical parameters might shift as the climate changes. For example, as the temperature rises and precipitation decreases in the data set, the petal color shifts toward red, reflecting how flowers protect themselves with an increase in anthocyanins. Changes in temperature, carbon dioxide levels, and precipitation rates combine to affect the flowers’ size, density of veins, UV pigments, color, and tendency toward double bloom. 2025: Circaea alpina is ever so slightly larger than usual owing to a warmer summer, but it is otherwise close to the typical Circaea flower in size, color, and other attributes. 2064: We see a bigger flower with more petals, given an increase in carbon dioxide levels and temperature. The bull’s-eye pattern, composed of UV pigment, is bigger and messier because of an increase in ozone and solar radiation. A second tier of petals reflects uncertainty in the climate model. 2074: The flower becomes pinker, an antioxidative response to the stress of consecutive dry days and higher temperatures. Its size increases, primarily because of higher levels of carbon dioxide. The double bloom of petals persists as the climate model’s projections increase in uncertainty. 2100: The flower’s veins are densely packed, which could signal appropriation of a technique leaves use to improve water transport during droughts. It could also be part of a strategy to attract pollinators in the face of worsening air quality that degrades the transmission of scents. 2023—2100: Each year, the speculative flower changes. Size, color, and form shift in accordance with the increased temperature and carbon dioxide levels and the changes in precipitation patterns. In this 10-centimeter cube of plexiglass, the future flowers are “preserved,” allowing the viewer to see them in a comparative, layered view.COURTESY OF ANNELIE BERNER Based in Copenhagen, Annelie Berner is a designer, researcher, teacher, and artist specializing in data visualization.

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The Download: the rehabilitation of AI art, and the scary truth about antimicrobial resistance

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. From slop to Sotheby’s? AI art enters a new phase In this era of AI slop, the idea that generative AI tools like Midjourney and Runway could be used to make art can seem absurd.  But amid all the muck, there are people using AI tools with real consideration and intent. Some of them are finding notable success as AI artists: They are gaining huge online followings, selling their work at auction, and even having it exhibited in galleries and museums. Read the full story.
—Grace Huckins This story is from our forthcoming print issue, which is all about the body. If you haven’t already, subscribe now to receive future issues once they land. Plus, you’ll also receive a free digital report on nuclear power.
Take our quiz: How much do you know about antimicrobial resistance? This week we had some terrifying news from the World Health Organization: Antibiotics are failing us. A growing number of bacterial infections aren’t responding to these medicines—including common ones that affect the blood, gut, and urinary tract. Get infected with one of these bugs, and there’s a fair chance antibiotics won’t help.You’ve probably heard about antimicrobial resistance before, but how much do you know about it? Here’s our attempt to put the “fun” in “fundamental threat to modern medicine.” Test your knowledge here! —Jessica Hamzelou This article appeared in The Checkup, MIT Technology Review’s weekly biotech newsletter. To receive it in your inbox every Thursday, sign up here. 2025 climate tech companies to watch: Envision Energy and its “smart” wind turbines Envision Energy, one of China’s biggest wind turbine makers, has expanded into batteries, green hydrogen, and industrial parks designed to run heavy industry on clean power.With flagship projects in Inner Mongolia and new ventures planned abroad, the company is testing whether renewables can decarbonize sectors that electricity alone can’t reach. Read the full story.Envision Energy is one of our 10 climate tech companies to watch—our annual list of some of the most promising climate tech firms on the planet. Check out the rest of the list here.

The must-reads I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology. 1 ICE is beefing up its surveillance capabilities It’s recently bought iris-scanning technology, spyware and location tracking software. (WP $)+ Viral ICE videos are shaping how Americans feel about the agency. (Vox)+ Protestors in Chicago are fighting back after mass arrests in the city. (New Yorker $) 2 OpenAI has stopped people from generating videos of MLK JrAfter some people used Sora to create “disrespectful depictions” of the civil rights activist. (TechCrunch)+ It’s not the first time AI’s depiction of public figures has been criticized. (The Information $)3 A teenager is suing the owners of “nudifying” app ClothOffA classmate used an image of the New Jersey student to generate fake nudes. (WSJ $)+ Meet the 15-year-old deepfake victim pushing Congress into action. (MIT Technology Review) 4 Amazon’s Ring camera arm is signing deals with law enforcementIt’s working with Flock Safety and Axon to share footage with criminal investigations. (CNBC)+ A division of ICE has used Flock’s AI-powered surveillance network. (404 Media)+ How Amazon Ring uses domestic violence to market doorbell cameras. (MIT Technology Review) 5 Plug-in hybrids pollute almost as much as diesel carsA new report has found that pollution levels are well above official estimates. (The Guardian)+ What to expect if you’re expecting a plug-in hybrid. (MIT Technology Review) 6 South Korea is prohibiting its citizens from travelling to CambodiaIt says hundreds of its nationals have been kidnapped and forced into scam complexes. (FT $)+ Inside a romance scam compound—and how people get tricked into being there. (MIT Technology Review)
7 What it’s like to be trans online in 2025The internet once helped trans people to connect—now it’s being weaponized against them. (The Verge) 8 Generative AI will make you the star of adsCompanies have to make returns on all that AI investment somehow. (NY Mag $)
9 San Francisco’s AI companies are pushing up housing pricesRents are rising in a city already renowned for a staggeringly high cost of living. (NYT $) 10 Samsung is making a tri-folding phoneBut attendees at the event it’s being shown off at won’t be allowed to touch it. (Bloomberg $) Quote of the day “Grandma will be thrown off the Internet because Junior illegally downloaded a few songs on a visit.” —US broadband provider Cox Communications details a potential scenario in a legal case filed by major record labels, which have accused Cox of failing to disconnect people who are illegally downloading music, Ars Technica reports. 
One more thing An AI startup made a hyperrealistic deepfake of me that’s so good it’s scaryUntil now, AI-generated videos of people have tended to have some stiffness, glitchiness, or other unnatural elements that make them pretty easy to differentiate from reality.For the past several years, AI video startup Synthesia has produced these kinds of AI-generated avatars. But back in April 2024, it launched a new generation, its first to take advantage of the latest advancements in generative AI, and they are more realistic and expressive than anything we’ve seen before.  We tested it out by making an AI clone of Melissa Heikkilä, our former senior AI reporter. Read the full story and check out the synthetic version of Melissa.
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.) + As support winds down for Windows 10 this week, did you know its blue Windows icon desktop image was taken from a real photograph? Take a look behind the scenes.+ Rest in power Ace Frehley, Kiss cofounder and undisputed guitar hero.+ A week spent eating along France’s 385-mile food trail? Yes please.+ As we get into the Halloween spirit, dare you tour America’s spookiest cities?

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From slop to Sotheby’s? AI art enters a new phase

In this era of AI slop, the idea that generative AI tools like Midjourney and Runway could be used to make art can seem absurd: What possible artistic value is there to be found in the likes of Shrimp Jesus and Ballerina Cappuccina? But amid all the muck, there are people using AI tools with real consideration and intent. Some of them are finding notable success as AI artists: They are gaining huge online followings, selling their work at auction, and even having it exhibited in galleries and museums.  “Sometimes you need a camera, sometimes AI, and sometimes paint or pencil or any other medium,” says Jacob Adler, a musician and composer who won the top prize at the generative video company Runway’s third annual AI Film Festival for his work Total Pixel Space. “It’s just one tool that is added to the creator’s toolbox.”  One of the most conspicuous features of generative AI tools is their accessibility. With no training and in very little time, you can create an image of whatever you can imagine in whatever style you desire. That’s a key reason AI art has attracted so much criticism: It’s now trivially easy to clog sites like Instagram and TikTok with vapid nonsense, and companies can generate images and video themselves instead of hiring trained artists. Henry Daubrez created these visuals for a bitcoin NFT titled The Order of Satoshi, which sold at Sotheby’s for $24,000.COURTESY OF THE ARTIST Henry Daubrez, an artist and designer who created the AI-generated visuals for a bitcoin NFT that sold for $24,000 at Sotheby’s and is now Google’s first filmmaker in residence, sees that accessibility as one of generative AI’s most positive attributes. People who had long since given up on creative expression, or who simply never had the time to master a medium, are now creating and sharing art, he says. 
But that doesn’t mean the first AI-generated masterpiece could come from just anyone. “I don’t think [generative AI] is going to create an entire generation of geniuses,” says Daubrez, who has described himself as an “AI-assisted artist.” Prompting tools like DALL-E and Midjourney might not require technical finesse, but getting those tools to create something interesting, and then evaluating whether the results are any good, takes both imagination and artistic sensibility, he says: “I think we’re getting into a new generation which is going to be driven by taste.”  Kira Xonorika’s Trickster is the first piece to use generative AI in the Denver Art Museum’s permanent collection.COURTESY OF THE ARTIST Even for artists who do have experience with other media, AI can be more than just a shortcut. Beth Frey, a trained fine artist who shares her AI art on an Instagram account with over 100,000 followers, was drawn to early generative AI tools because of the uncanniness of their creations—she relished the deformed hands and haunting depictions of eating. Over time, the models’ errors have been ironed out, which is part of the reason she hasn’t posted an AI-generated piece on Instagram in over a year. “The better it gets, the less interesting it is for me,” she says. “You have to work harder to get the glitch now.” Beth Frey’s Instagram account @sentientmuppetfactory features uncanny AI creations.COURTESY OF THE ARTIST Making art with AI can require relinquishing control—to the companies that update the tools, and to the tools themselves. For Kira Xonorika, a self-described “AI-collaborative artist” whose short film Trickster is the first generative AI piece in the Denver Art Museum’s permanent collection, that lack of control is part of the appeal. “[What] I really like about AI is the element of unpredictability,” says Xonorika, whose work explores themes such as indigeneity and nonhuman intelligence. “If you’re open to that, it really enhances and expands ideas that you might have.” But the idea of AI as a co-creator—or even simply as an artistic medium—is still a long way from widespread acceptance. To many people, “AI art” and “AI slop” remain synonymous. And so, as grateful as Daubrez is for the recognition he has received so far, he’s found that pioneering a new form of art in the face of such strong opposition is an emotional mixed bag. “As long as it’s not really accepted that AI is just a tool like any other tool and people will do whatever they want with it—and some of it might be great, some might not be—it’s still going to be sweet [and] sour,” he says.

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This startup thinks slime mold can help us design better cities

It is a yellow blob with no brain, yet some researchers believe a curious organism known as slime mold could help us build more resilient cities. Humans have been building cities for 6,000 years, but slime mold has been around for 600 million. The team behind a new startup called Mireta wants to translate the organism’s biological superpowers into algorithms that might help improve transit times, alleviate congestion, and minimize climate-related disruptions in cities worldwide. Mireta’s algorithm mimics how slime mold efficiently distributes resources through branching networks. The startup’s founders think this approach could help connect subway stations, design bike lanes, or optimize factory assembly lines. They claim its software can factor in flood zones, traffic patterns, budget constraints, and more. “It’s very rational to think that some [natural] systems or organisms have actually come up with clever solutions to problems we share,” says Raphael Kay, Mireta’s cofounder and head of design, who has a background in architecture and mechanical engineering and is currently a PhD candidate in materials science and mechanical engineering at Harvard University.
As urbanization continues—about 60% of the global population will live in metropolises by 2030—cities must provide critical services while facing population growth, aging infrastructure, and extreme weather caused by climate change. Kay, who has also studied how microscopic sea creatures could help researchers design zero-energy buildings, believes nature’s time-tested solutions may offer a path toward more adaptive urban systems. Officially known as Physarum polycephalum, slime mold is neither plant, animal, nor fungus but a single-­celled organism older than dinosaurs. When searching for food, it extends tentacle-like projections in multiple directions simultaneously. It then doubles down on the most efficient paths that lead to food while abandoning less productive routes. This process creates optimized networks that balance efficiency with resilience—a sought-after quality in transportation and infrastructure systems.
The organism’s ability to find the shortest path between multiple points while maintaining backup connections has made it a favorite among researchers studying network design. Most famously, in 2010 researchers at Hokkaido University reported results from an experiment in which they dumped a blob of slime mold onto a detailed map of Tokyo’s railway system, marking major stations with oat flakes. At first the brainless organism engulfed the entire map. Days later, it had pruned itself back, leaving behind only the most efficient pathways. The result closely mirrored Tokyo’s actual rail network. Since then, researchers worldwide have used slime mold to solve mazes and even map the dark matter holding the universe together. Experts across Mexico, Great Britain, and the Iberian peninsula have tasked the organism with redesigning their roadways—though few of these experiments have translated into real-world upgrades. Historically, researchers working with the organism would print a physical map and add slime mold onto it. But Kay believes that Mireta’s approach, which replicates slime mold’s pathway-building without requiring actual organisms, could help solve more complex problems. Slime mold is visible to the naked eye, so Kay’s team studied how the blobs behave in the lab, focusing on the key behaviors that make these organisms so good at creating efficient networks. Then they translated these behaviors into a set of rules that became an algorithm. Some experts aren’t convinced. According to Geoff Boeing, an associate professor at the University of Southern California’s Department of Urban Planning and Spatial Analysis, such algorithms don’t address “the messy realities of entering a room with a group of stakeholders and co-visioning a future for their community.” Modern urban planning problems, he says, aren’t solely technical issues: “It’s not that we don’t know how to make infrastructure networks efficient, resilient, connected—it’s that it’s politically challenging to do so.” Michael Batty, a professor emeritus at University College London’s Centre for Advanced Spatial Analysis, finds the concept more promising. “There is certainly potential for exploration,” he says, noting that humans have long drawn parallels between biological systems and cities. For decades now, designers have looked to nature for ideas—think ventilation systems inspired by termite mounds or bullet trains modeled after the kingfisher’s beak.  Like Boeing, Batty worries that such algorithms could reinforce top-down planning when most cities grow from the bottom up. But for Kay, the algorithm’s beauty lies in how it mimics bottom-up biological growth—like the way slime mold starts from multiple points and connects organically rather than following predetermined paths.  Since launching earlier this year, Mireta, which is based in Cambridge, Massachusetts, has worked on about five projects. And slime mold is just the beginning. The team is also looking at algorithms inspired by ants, which leave chemical trails that strengthen with use and have their own decentralized solutions for network optimization. “Biology has solved just about every network problem you can imagine,” says Kay. Elissaveta M. Brandon is an independent journalist interested in how design, culture, and technology shape the way we live.

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How a Gemma model helped discover a new potential cancer therapy pathway

We gave our new C2S-Scale 27B model a task: Find a drug that acts as a conditional amplifier, one that would boost the immune signal only in a specific “immune-context-positive” environment where low levels of interferon (a key immune-signaling protein) were already present, but inadequate to induce antigen presentation on their own. This required a level of conditional reasoning that appeared to be an emergent capability of scale; our smaller models could not resolve this context-dependent effect.To accomplish that, we designed a dual-context virtual screen to find this specific synergistic effect. The virtual screen involved two stages:Immune-Context-Positive: We provided the model with real-world patient samples with intact tumor-immune interactions and low-level interferon signaling.Immune-Context-Neutral: We provided the model with isolated cell line data with no immune context.We then simulated the effect of over 4,000 drugs across both contexts and asked the model to predict which drugs would only boost antigen presentation in the first context, to bias the screen towards the patient-relevant setting. Out of the many drug candidates highlighted by the model, a fraction (10-30%) of drug hits are already known in prior literature, while the remaining drugs are surprising hits with no prior known link to the screen.From prediction to experimental validationThe model’s predictions were clear. It identified a striking “context split” for the kinase CK2 inhibitor called silmitasertib (CX-4945). The model predicted a strong increase in antigen presentation when silmitasertib was applied in the “immune-context-positive” setting, but little to no effect in the “immune-context-neutral” one. What made this prediction so exciting was that it was a novel idea. Although CK2 has been implicated in many cellular functions, including as a modulator of the immune system, inhibiting CK2 via silmitasertib has not been reported in the literature to explicitly enhance MHC-I expression or antigen presentation. This highlights that the model was generating a new, testable hypothesis, and not just repeating known facts.A prediction, however, is only valuable if it can be validated in clinical application. The real test is first in the lab, and eventually, in the clinic.For the next phase of our project, we took this hypothesis to the lab bench and tested it in human neuroendocrine cell models — a cell type that was completely unseen by the model during training. The experiments demonstrated:Treating the cells with silmitasertib alone had no effect on antigen presentation (MHC-I).Treating the cells with a low dose of interferon alone had a modest effect.Treating the cells with both silmitasertib and low-dose interferon produced a marked, synergistic amplification of antigen presentation.Remarkably, in our lab tests the combination of silmitasertib and low-dose interferon resulted in a roughly 50% increase in antigen presentation, which would make the tumor more visible to the immune system.The model’s in silico prediction was confirmed multiple times in vitro. C2S-Scale had successfully identified a novel, interferon-conditional amplifier, revealing a new potential pathway to make “cold” tumors “hot,” and potentially more responsive to immunotherapy. While this is an early first step, it provides a powerful, experimentally-validated lead for developing new combination therapies, which use multiple drugs in concert to achieve a more robust effect.This result also provides a blueprint for a new kind of biological discovery. It demonstrates that by following the scaling laws and building larger models like C2S-Scale 27B, we can create predictive models of cellular behavior that are powerful enough to run high-throughput virtual screens, discover context-conditioned biology, and generate biologically-grounded hypotheses.Teams at Yale are now exploring the mechanism uncovered here and testing additional AI-generated predictions in other immune contexts. With further preclinical and clinical validation, such hypotheses may be able to ultimately accelerate the path to new therapies.Getting started with C2S-Scale 27BThe new C2S-Scale 27B model and its resources are available today for the research community. We invite you to explore these tools, build on our work and help us continue to translate the language of life.

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Unlocking the potential of SAF with book and claim in air freight

In association withAvelia Used in aviation, book and claim offers companies the ability to financially support the use of SAF even when it is not physically available at their locations. As companies that ship goods by air or provide air freight related services address a range of climate goals aiming to reduce emissions, the importance of sustainable aviation fuel (SAF) couldn’t be more pronounced. In its neat form, SAF has the potential to reduce life cycle GHG emissions by up to 80% compared to conventional jet fuel. In this exclusive webcast, leaders discuss the urgency for reducing air freight emissions for freight forwarders and shippers, and reasons why companies should use SAF. They also explain how companies can best make use of the book and claim model to support their emissions reduction strategies. Learn from the leaders
What book and claim is and how companies can use it Why SAF use is so important How freight-forwarders and shippers can both potentially utilise and contribute to the benefits of SAF Featured speakers Raman Ojha, President, Shell Aviation. Raman is responsible for Shell’s global aviation business, which supplies fuels, lubricants, and lower carbon solutions, and offers a range of technical services globally. During almost 20 years at Shell, Raman has held leadership positions across a variety of industry sectors, including energy, lubricants, construction, and fertilisers. He has broad experience across both matured markets in the Americas and Europe, as well as developing markets including China, India, and Southeast Asia.  
Bettina Paschke, VP ESG Accounting, Reporting & Controlling, DHL Express. Bettina Paschke leads ESG Accounting, Reporting & Controlling, at DHL Express a division of DHL Group. In her role, she is responsible for ESG, including, EU Taxonomy Reporting, and Carbon Accounting. She has more than 20 years’ experience in Finance. In her role she is driving the Sustainable Aviation Fuel agenda at DHL Express and is engaged in various industry initiatives to allow reliable book and claim transactions. Christoph Wolff, Chief Executive Officer at Smart Freight Centre. Christoph Wolff is currently the Chief Executive Officer at Smart Freight Centre, leading programs focused on sustainability in freight transport. Prior to this role, Christoph served as the Senior Advisor and Director at ACME Group, a global leader in green energy solutions. With a background in various industries, Christoph has held positions such as Managing Director at European Climate Foundation and Senior Board Advisor at Ferrostaal GmbH. Christoph has also worked at Novatec, Solar Millennium AG, DB Schenker, McKinsey & Company, and served as an Assistant Professor at Northwestern University – Kellogg School of Management. Christoph holds multiple degrees from RWTH Aachen University and ETH Zürich, along with ongoing executive education at the University of Michigan. Watch the webcast. This discussion is presented 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 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. AI tools that may have been used were limited to secondary production processes that passed thorough human review. Not all offerings are available in all jurisdictions. Depending on jurisdiction and local laws, Shell may offer the sale of Environmental Attributes (for which subject to applicable law and consultation with own advisors, buyers might be able to use such Environmental Attributes for their own emission reduction purposes) and/or Environmental Attribute Information (pursuant to which buyers are helping subsidize the use of SAF and lower overall aviation emissions at designated airports but no emission reduction claims may be made by buyers for their own emissions reduction purposes). Different offerings have different forms of contracts, and no assumptions should be made about a particular offering without reading the specific contractual language applicable to such offering.

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BP Confirms 11 Discoveries in 2025

BP PLC said Monday it has made 11 oil and gas discoveries this year, the latest being Volans offshore Namibia in the Orange Basin. Operator Rhino Resources Ltd announced October 1 a “high liquid-yield gas condensate discovery” in the Volans-1X well in Block 2914A. “The well found 26m of net pay in rich gas condensate-bearing reservoirs, with the reservoir showing excellent quality petrophysical properties and no observed water contact”, Rhino said in a press release. “Hot shot laboratory analysis on two samples (at the top and base of the reservoir interval) showed a high condensate to gas ratio (CGR) of >140 and a liquid density of around 40° API gravity. “Hydrocarbon samples and sidewall cores were collected through intensive wireline logging operations. Laboratory studies will continue to be conducted on the rest of the fluid samples, side wall cores and cuttings collected during the campaign”. The well reached 4,497.5 meters (14,755.58 feet) of true vertical depth subsea (TVDSS), the Cape Town-based company said. The well was drilled by Northern Ocean Ltd’s semi-submersible Deepsea Mira. “The rig was demobilized on 14 September 2025 to begin drilling in another location, while Volans-1X laboratory testing activities will remain ongoing”, Rhino said. Rhino chief executive Travis Smithard said, “Rhino, in collaboration with our partners Azule Energy, NAMCOR and Korres, will now evaluate the results of the ongoing testing and integrate them into blockwide prospectivity studies”. Rhino owns 42.5 percent in Petroleum Exploration License (PEL) 85, which contains the discovery. BP participates through Luanda-based Azule Energy, the British company’s 50-50 venture with Italian state-controlled Eni SpA; Azule Energy owns 42.5 percent of PEL 85. The other partners in the block are National Petroleum Corporation of Namibia with a 10 percent interest and Korres Investments with five percent. “The Volans-1X well marks the third significant hydrocarbon discovery in 2025 for Azule Energy partners, following the Capricornus-1X light oil find in

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Petrobras to Supply India’s HPCL Up To 6 MM Oil Barrels

Hindustan Petroleum Corp Ltd (HPCL) has contracted Petroleo Brasileiro SA (Petrobras) for the supply of up to six million barrels of crude. With the one-year agreement, “Petrobras will now supply oil to India’s three main state-owned refiners”, Brazil’s state-owned Petrobras said in a press release. It previously signed contracts for Bharat Petroleum Corp Ltd (BPCL) and Indian Oil Corp (IOC). Under the earlier contracts, Petrobras has exported over 20 million barrels to the South Asian country, Petrobras said. “For years, Petrobras’ commercial relations with India were concentrated among private refiners, with Reliance Industries Ltd still being an important current partner. Recently, however, the company has been focusing on state-owned refiners, which consume medium oils that better match the company’s export profile”, it said. Petrobras “is constantly assessing all markets in search of the best placement for its exported oil volumes, negotiating barrels under both contractual and spot modalities”, the company added. “In addition to India, the company has been increasing exports of different grades of crude oil to South Korea, Singapore, Thailand and, most notably, to the European market. In the refined products market, Africa, the Americas and Asia have gained importance. Beyond crude oil, Petrobras also markets internationally more than 10 different petroleum-derived products”. Claudio Schlosser, Petrobras executive director for logistics, commercialization and markets, said, “India is, unquestionably, one of the main drivers of the global economy today and will be even more so in the near future. It is an extremely relevant market for international oil flows, given its robust economic and population growth, combined with its refining capacity of more than five million barrels per day and its local production covering just over 10 percent of its needs”. “The increase in Petrobras’ participation in supplying oil to India is the result of continuous efforts and market development

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Oil Dips as Surplus Signs Grow

Oil edged down slightly amid signs of easing tensions between the US and China, while traders took stock of mounting evidence that a long-anticipated surplus is finally starting to emerge. West Texas Intermediate was little changed to settle near $57 a barrel as investors rolled over positions ahead of the November contract’s expiry this week, adding to choppy trading. US President Donald Trump earlier expressed optimism about a potential deal between the world’s top oil consumers. Enthusiasm surrounding this development was limited, though, as oil stored on tankers rose to a fresh high, among the most tangible signs yet that markets are oversupplied. Oil futures have tumbled more than 20% from their summer highs as the Organization of the Petroleum Exporting countries and its allies ramp up production, while major forecasters project a flood of supplies continuing into next year. Even so, WTI earlier edged into oversold territory on the nine-day relative strength index for the first time since May, a possible indication that prices lurched lower too fast. It also suggests a reversal may be in the cards. “Crude futures continue to trade on the defensive amid ideas a looming supply surplus is near,” said Dennis Kissler, senior vice president for trading at BOK Financial. Price support for WTI rests at around $56.15, though a close below $55 risks a further price slide, he added. Geopolitical forces are also at play. Prices have been weighed down by limited progress toward a de-escalation of the war in Ukraine, a scenario that could push oil toward $50 a barrel, according to Citigroup Inc. President Donald Trump last week said he would hold a second meeting with Russia’s Vladimir Putin seeking to end the conflict, though previous talks have done little to stem the hostilities. Meanwhile, China’s economy slowed for a second

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EU Strikes Deal to Ban Russian Gas by End-2027

European Union energy ministers agreed a joint position on plans to ban all gas supplies from Russia by the end of 2027, as the bloc looks to definitively end its reliance on energy from Moscow. A qualified majority of officials meeting in Luxembourg Monday supported the ban, which starts by prohibiting Russian supplies under existing short-term contracts by mid-June, with an exemption for landlocked countries such as Hungary and Slovakia. A prohibition on long-term deals follows 18 months later. Hungary and Slovakia did not support the ban. The deal on Monday was a procedural step on the RePowerEU regulation, which aims to permanently end Europe’s dependence on Russian fossil fuels. Negotiations with the European Parliament, which is calling for a faster exit from Russian gas and a halting of oil imports from the start of next year, can now start. The aim is to reach a final deal before the end of the year. The EU is pursuing a two-pronged strategy to finally end its addiction to Russian fossil fuels after President Vladimir Putin invaded Ukraine in 2022. The second strand involves a separate proposal to impose sanctions on imports of Russian liquefied natural gas from the start of 2027. It requires unanimity and is still being discussed. Europe has been under pressure from the US to speed up moves to sever its energy ties with Moscow, and buy more American LNG. A joint statement on EU-US trade pledged $750 billion in energy deals between the two over the next three years. The EU receives about 15% of its LNG supplies from Moscow, making Russia the second-largest provider of the fuel to Europe after the US, with the monthly bill for those imports ranging between €500 million ($584 million) and €700 million. “This is not just for the present conflict,”

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Riverbed tackles AI data bottleneck with new Oracle-based service

“Customers are looking for faster, more secure ways to move massive datasets so they can bring AI initiatives to life,” said Sachin Menon, Oracle’s vice president of cloud engineering, in a statement. “With Riverbed Data Express Service deployed on OCI, organizations will be able to accelerate time to value, reduce costs, and help ensure that their data remains protected.” Riverbed’s Aras explains that its Data Express Service uses post-quantum cryptography (PQC) to move petabyte-scale datasets through secure VPN tunnels to ensure that customer data remains protected during the transfer process. The technology is based on Riverbed’s SteelHead acceleration platform running RiOS 10 software. “Our cloud-optimized technology design delivers much higher data retrieval, data movement across the network, and data write rates, through highly performant data mover instances, instance parallelization and matched network fabric configurations. The design is tailored for each cloud, to ensure maximal performance can be achieved using cloud-specific product adjustments,” Aras says. “The time for preventing harvest-now, decrypt-later is now,” Aras says, referring to the security threat where encrypted data is intercepted and stored for decryption once quantum computers become powerful enough. The Riverbed service addresses use cases spanning AI model training, inference operations, and emerging agentic AI applications. Data Express is initially deployed on Oracle Cloud Infrastructure, but Riverbed said the service will orchestrate data movement across AWS, Azure, and Google Cloud Platform, as well as on-premises data centers. General availability is planned for Q4 2025.

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Residential electricity prices surge ahead of C&I rates: Berkeley Lab

Residential electricity retail prices rose more rapidly than commercial and industrial prices from 2019 to 2024, according to a study released last week by the Lawrence Berkeley National Laboratory. Nationwide, average residential prices jumped 27% to 16.5 cents/kWh in the five years since 2019 while average commercial prices increased 19% to 12.8 cents/kWh and industrial prices climbed 19% to 8.1 cents/kWh, the LBNL researchers said in a summary of the report examining factors that affect electricity prices. Overall retail electricity prices fell in 37 states from 2019 to 2024 when adjusting for inflation, the researchers said. Driven by wildfire-related costs, inflation-adjusted electricity prices surged 6.2% in California — the most among states, according to the report. Real prices also increased in the Northeast in the five-year period. Optional Caption Retrieved from Lawrence Berkeley National Laboratory. Last year, retail electricity prices ranged from less than 8 cents/kWh in North Dakota to more than 27 cents/kWh in California, according to the LBNL report. The LBNL researchers found that state energy policies can contribute to rising electricity prices. “States with the largest price increases in recent years typically featured shrinking customer loads — partially linked to growth in net metered behind-the-meter solar — and had [renewable portfolio standard] programs in concert with relatively costly incremental renewable energy supplies,” the researchers said. States with RPS programs that called for new supplies in the last five years increased retail electricity prices by about 0.4 cents/kWh, according to the study. However, electricity prices appear unaffected by “market-based” utility-scale renewable energy projects built outside of RPS mandates, the LBNL researchers found. Also, while behind-the-meter solar cut net electricity load in some states — by more than 5% in California, Maine and Rhode Island, for example — it is linked to higher electricity prices, according to the study.

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