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Featured Articles

US DOE offers $65.5 million to support oil, gas, pipelines

The US Department of Energy (DOE) July 23 announced a new $65.5 million federal funding initiative to advance technology and research in the upstream and midstream oil and natural gas sectors. The program supplements a separate, recent $150 million DOE grant program focused on unconventional reservoir recovery, hydraulic fracturing, and produced-water management. Available for public-private partnerships, the newly announced grants aim to enhance supply chain reliability, digitalize operations, and maximize the value of underutilized resources. For midstream reliability, eligible projects include developing and field-testing equipment—such as compressors, valves, piping, storage tanks, and advanced alloys—designed to prevent product losses and strengthen domestic chemical supply chains. DOE also hopes to accelerate the adoption of digital technologies and advanced analytics to improve operational efficiency and safety. Funded projects will utilize full-scale, field-based test sites to deploy continuous monitoring systems, artificial intelligence-supported digital twins, and optimization systems to reduce operating costs. The department is also seeking projects to convert stranded, contaminated, or flared gas into high-value, easily transportable products. Funded research will progress from laboratory-scale validation of new catalysts and separation processes to field-testing of decentralized gas conversion systems in active production basins. The application deadline is Sept. 22, 2026.

Read More »

Equinor considers subsea tieback of new Barents Sea oil discovery

Equinor Energy AS and production license 532 partners are considering a tieback of a Barents Sea oil discovery at the Skrugard North Tubåen prospect to Johan Castberg field. The find comes as Equinor aims to increase volumes in the Johan Castberg area—originally estimated at 500-700 million bbl—by an additional 200-500 million bbl, with plans to drill 1-2 exploration wells per year in the region, the company has said. Wildcat well 7220/5-EC-2 H was drilled by the Transocean Enabler semisubmersible drilling rig about 6 km north of the 7220/8-1 discovery well on Johan Castberg field and 240 km northwest of Hammerfest, the Norwegian Offshore Directorate (NOD) said in a July 23 release. Water depth at the site is 361 m. The well targeted Lower Jurassic reservoir rocks in the Tubåen formation, encountering a 30-m oil column with good to very good reservoir quality in sandstone in the Tubåen formation in reservoir rocks totaling 41 m. Total thickness of the formation at the site is 68 m, and the oil-water contact was found at 1,474 m subsea. Preliminary estimates put the discovery at 1.2-1.7 million standard cu m of recoverable oil equivalent (7.6-10.5 MMboe). The well was not formation-tested, but data and samples were collected. Drilled to a vertical depth of 1,521 m subsea, it was terminated in the Fruholmen formation in the Upper Triassic. Equinor is operator of the license, with partners Vår Energi and Petoro.

Read More »

Dangote secures funding to support expansion of Lekki integrated complex

Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has completed a $2.5-billion private equity placement to support the operator’s ongoing expansion of its 650,000-b/d integrated refining and petrochemicals complex in  the Lekki Free Trade Zone near Lagos, Nigeria. Believed to be Africa’s largest publicly disclosed primary equity private placement by value and achieving 3.7 times subscription relative to the initial offer size, the new private equity placement marks a milestone in advancing the company’s long-term funding strategy and continued development of African capital markets, DPRP said in a July 23 release posted to its official social media accounts. Attracting strong participation from a diverse group of international and African institutional investors, sovereign-related investment vehicles, development finance institutions, and long-standing strategic partners—including Africa Finance Corp. and India Infra Buildco, an investment vehicle facilitated by the African Export-Import Bank (Afreximbank), alongside a broad mix of institutional and individual investors—the offering and its closing “[underscores] deep and diversified market confidence in DPRP’s long-term strategy,” according to the operator. In addition to funding DPRP’s proposed expansion of the Lekki complex, DPRP said proceeds from the private equity placement will help strengthen the company’s capital structure and provide additional financial flexibility for future growth initiatives. Closing of the transaction comes as ”a strategic step to deepen and further [institutionalize DPRP’s] shareholder base, while raising capital to complement our internal cash flows and external funding as DPRP advances its expansion agenda,” said Aliko Dangote, DPRP’s chairman and chief executive officer of Dangote Industries Ltd. “This [new funding and strong investor response it attracted] further demonstrates [continued confidence in DPRP’s strategy and] our profound commitment to developing domestic refining and petrochemical capacity—reducing Africa’s reliance on imported refined products and strengthening the continent’s energy security,” Dangote added. Proposed expansion plans Completion of this latest funding follows DPRP’s confirmation in October 2025

Read More »

Iraq at the crossroads: Export routes, OPEC, and the future of Middle East oil

@import url(‘https://fonts.googleapis.com/css2?family=Inter:wght@100..900&display=swap’); .ebm-page__main h1, .ebm-page__main h2, .ebm-page__main h3, .ebm-page__main h4, .ebm-page__main h5, .ebm-page__main h6 { font-family: Inter; } body { line-height: 150%; letter-spacing: 0.025em; } button, .ebm-button-wrapper { font-family: Inter; } .label-style { text-transform: uppercase; color: var(–color-grey); font-weight: 600; font-size: 0.75rem; } .caption-style { font-size: 0.75rem; opacity: .6; } #onetrust-pc-sdk [id*=btn-handler], #onetrust-pc-sdk [class*=btn-handler] { background-color: #c19a06 !important; border-color: #c19a06 !important; } #onetrust-policy a, #onetrust-pc-sdk a, #ot-pc-content a { color: #c19a06 !important; } #onetrust-consent-sdk #onetrust-pc-sdk .ot-active-menu { border-color: #c19a06 !important; } #onetrust-consent-sdk #onetrust-accept-btn-handler, #onetrust-banner-sdk #onetrust-reject-all-handler, #onetrust-consent-sdk #onetrust-pc-btn-handler.cookie-setting-link { background-color: #c19a06 !important; border-color: #c19a06 !important; } #onetrust-consent-sdk .onetrust-pc-btn-handler { color: #c19a06 !important; border-color: #c19a06 !important; } Drawing on two recent Oil & Gas Journal commentaries, this Insights episode of the Oil & Gas Journal ReEnterprised podcast explores why Iraq is once again pursuing alternative pipeline routes through Syria and Türkiye, how expanded export options could strengthen the country’s economic resilience, and why these developments matter not only for Iraq, but for global energy markets. We also examine whether Iraq’s growing development ambitions are beginning to diverge from the production constraints imposed by OPEC, and what that could mean for the organization and the broader oil industry. The discussion incorporates recent reporting on Iraq’s agreements with US companies and renewed efforts to revive westbound export infrastructure, placing today’s headlines into a broader strategic context. Rather than focusing on day-to-day geopolitical developments, the episode takes a step back to consider the long-term implications for producers, investors, pipeline operators, and energy policymakers. References  Hormuz closure emphasizes Iraq’s need for a second oil export route Reassessing Iraq’s OPEC membership in light of national development priorities Iraq signs 48 deals with US companies during PM’s visit to Washington Iraq eyes Türkiye, Syria pipeline to curb Strait of Hormuz reliance

Read More »

Matador Resources expands Delaware basin footprint, signals Woodford confidence in New Mexico

Under the larger of the two deals, a Matador subsidiary will acquire Paloma Permian LLC for $1.275 billion in cash. The acquisition includes 16,235 net acres (70% held by production) in Eddy and Lea counties, NM, with estimated third-quarter production of about 11,100 boe/d (57% oil). Matador said the assets add more than 156 net drilling locations, primarily targeting the Bone Spring and Wolfcamp formations. The transaction is expected to close in fourth-quarter 2026. Separately, Matador agreed to acquire primarily undeveloped acreage from Ridge Runner Resources II LLC in the emerging Woodford play of the Delaware basin. The deal adds more than 150 net operated Woodford drilling locations at an acquisition cost of about $1.3 million per net location, the company said. Following the Ridge Runner acquisition and earlier acreage additions—that the company said totaled about $205 million—Matador expects its Woodford position to total about 50,000 contiguous net acres, primarily in its Antelope Ridge asset area in Lea County, NM, and West Texas. Matador said results from its Rae’s Creek well, the company’s first exploratory Woodford well in southeast Lea County, further validate the commercial viability of the formation in the area. The well recorded initial production of more than 2,200 boe/d (72% oil) during a 24-hr test on June 29, 2026, and continues to outperform the average Woodford well in Texas by about 20% on a 60-day cumulative oil production basis, according to the company. Looking ahead, Matador expects drilling and completion teams to apply operational efficiencies across the development area that could reduce well costs by 30-40% over the next 12-18 months. Such results would be “similar to the incremental improvements we made at both our Stateline and Rodney Robinson assets acquired in 2018,” said Joseph Wm. Foran, founder, chairman, and chief executive officer.

Read More »

EIA: US crude inventories up 2 million bbl

US crude oil inventories for the week ended July 17, excluding the Strategic Petroleum Reserve, increased by 2.0 million bbl from the previous week, according to data from the US Energy Information Administration (EIA). At 411.7 million bbl, US crude oil inventories are about 6% below the 5-year average for this time of year, the EIA report indicated. EIA said total motor gasoline inventories increased by 800,000 bbl from last week and are 7% below the 5-year average for this time of year. Finished gasoline inventories and blending components inventories both increased last week. Distillate fuel inventories increased by 1.4 million bbl last week and are about 10% below the 5-year average for this time of year. Propane-propylene inventories increased by 6.3 million bbl from last week and are 34% above the 5-year average for this time of year, EIA said. US crude oil refinery inputs averaged 17.1 million b/d for the week ended July 17, which was 58,000 b/d less than the previous week’s average. Refineries operated at 96.1% of capacity. Gasoline production increased, averaging 9.7 million b/d. Distillate fuel production increased, averaging 5.3 million b/d. US crude oil imports averaged 5.8 million b/d, up 117,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 5.6 million b/d, 11.4% less than the same 4-week period last year. Total motor gasoline imports averaged 494,000 b/d. Distillate fuel imports averaged 173,000 b/d.

Read More »

US DOE offers $65.5 million to support oil, gas, pipelines

The US Department of Energy (DOE) July 23 announced a new $65.5 million federal funding initiative to advance technology and research in the upstream and midstream oil and natural gas sectors. The program supplements a separate, recent $150 million DOE grant program focused on unconventional reservoir recovery, hydraulic fracturing, and produced-water management. Available for public-private partnerships, the newly announced grants aim to enhance supply chain reliability, digitalize operations, and maximize the value of underutilized resources. For midstream reliability, eligible projects include developing and field-testing equipment—such as compressors, valves, piping, storage tanks, and advanced alloys—designed to prevent product losses and strengthen domestic chemical supply chains. DOE also hopes to accelerate the adoption of digital technologies and advanced analytics to improve operational efficiency and safety. Funded projects will utilize full-scale, field-based test sites to deploy continuous monitoring systems, artificial intelligence-supported digital twins, and optimization systems to reduce operating costs. The department is also seeking projects to convert stranded, contaminated, or flared gas into high-value, easily transportable products. Funded research will progress from laboratory-scale validation of new catalysts and separation processes to field-testing of decentralized gas conversion systems in active production basins. The application deadline is Sept. 22, 2026.

Read More »

Equinor considers subsea tieback of new Barents Sea oil discovery

Equinor Energy AS and production license 532 partners are considering a tieback of a Barents Sea oil discovery at the Skrugard North Tubåen prospect to Johan Castberg field. The find comes as Equinor aims to increase volumes in the Johan Castberg area—originally estimated at 500-700 million bbl—by an additional 200-500 million bbl, with plans to drill 1-2 exploration wells per year in the region, the company has said. Wildcat well 7220/5-EC-2 H was drilled by the Transocean Enabler semisubmersible drilling rig about 6 km north of the 7220/8-1 discovery well on Johan Castberg field and 240 km northwest of Hammerfest, the Norwegian Offshore Directorate (NOD) said in a July 23 release. Water depth at the site is 361 m. The well targeted Lower Jurassic reservoir rocks in the Tubåen formation, encountering a 30-m oil column with good to very good reservoir quality in sandstone in the Tubåen formation in reservoir rocks totaling 41 m. Total thickness of the formation at the site is 68 m, and the oil-water contact was found at 1,474 m subsea. Preliminary estimates put the discovery at 1.2-1.7 million standard cu m of recoverable oil equivalent (7.6-10.5 MMboe). The well was not formation-tested, but data and samples were collected. Drilled to a vertical depth of 1,521 m subsea, it was terminated in the Fruholmen formation in the Upper Triassic. Equinor is operator of the license, with partners Vår Energi and Petoro.

Read More »

Dangote secures funding to support expansion of Lekki integrated complex

Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has completed a $2.5-billion private equity placement to support the operator’s ongoing expansion of its 650,000-b/d integrated refining and petrochemicals complex in  the Lekki Free Trade Zone near Lagos, Nigeria. Believed to be Africa’s largest publicly disclosed primary equity private placement by value and achieving 3.7 times subscription relative to the initial offer size, the new private equity placement marks a milestone in advancing the company’s long-term funding strategy and continued development of African capital markets, DPRP said in a July 23 release posted to its official social media accounts. Attracting strong participation from a diverse group of international and African institutional investors, sovereign-related investment vehicles, development finance institutions, and long-standing strategic partners—including Africa Finance Corp. and India Infra Buildco, an investment vehicle facilitated by the African Export-Import Bank (Afreximbank), alongside a broad mix of institutional and individual investors—the offering and its closing “[underscores] deep and diversified market confidence in DPRP’s long-term strategy,” according to the operator. In addition to funding DPRP’s proposed expansion of the Lekki complex, DPRP said proceeds from the private equity placement will help strengthen the company’s capital structure and provide additional financial flexibility for future growth initiatives. Closing of the transaction comes as ”a strategic step to deepen and further [institutionalize DPRP’s] shareholder base, while raising capital to complement our internal cash flows and external funding as DPRP advances its expansion agenda,” said Aliko Dangote, DPRP’s chairman and chief executive officer of Dangote Industries Ltd. “This [new funding and strong investor response it attracted] further demonstrates [continued confidence in DPRP’s strategy and] our profound commitment to developing domestic refining and petrochemical capacity—reducing Africa’s reliance on imported refined products and strengthening the continent’s energy security,” Dangote added. Proposed expansion plans Completion of this latest funding follows DPRP’s confirmation in October 2025

Read More »

Iraq at the crossroads: Export routes, OPEC, and the future of Middle East oil

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Read More »

Matador Resources expands Delaware basin footprint, signals Woodford confidence in New Mexico

Under the larger of the two deals, a Matador subsidiary will acquire Paloma Permian LLC for $1.275 billion in cash. The acquisition includes 16,235 net acres (70% held by production) in Eddy and Lea counties, NM, with estimated third-quarter production of about 11,100 boe/d (57% oil). Matador said the assets add more than 156 net drilling locations, primarily targeting the Bone Spring and Wolfcamp formations. The transaction is expected to close in fourth-quarter 2026. Separately, Matador agreed to acquire primarily undeveloped acreage from Ridge Runner Resources II LLC in the emerging Woodford play of the Delaware basin. The deal adds more than 150 net operated Woodford drilling locations at an acquisition cost of about $1.3 million per net location, the company said. Following the Ridge Runner acquisition and earlier acreage additions—that the company said totaled about $205 million—Matador expects its Woodford position to total about 50,000 contiguous net acres, primarily in its Antelope Ridge asset area in Lea County, NM, and West Texas. Matador said results from its Rae’s Creek well, the company’s first exploratory Woodford well in southeast Lea County, further validate the commercial viability of the formation in the area. The well recorded initial production of more than 2,200 boe/d (72% oil) during a 24-hr test on June 29, 2026, and continues to outperform the average Woodford well in Texas by about 20% on a 60-day cumulative oil production basis, according to the company. Looking ahead, Matador expects drilling and completion teams to apply operational efficiencies across the development area that could reduce well costs by 30-40% over the next 12-18 months. Such results would be “similar to the incremental improvements we made at both our Stateline and Rodney Robinson assets acquired in 2018,” said Joseph Wm. Foran, founder, chairman, and chief executive officer.

Read More »

EIA: US crude inventories up 2 million bbl

US crude oil inventories for the week ended July 17, excluding the Strategic Petroleum Reserve, increased by 2.0 million bbl from the previous week, according to data from the US Energy Information Administration (EIA). At 411.7 million bbl, US crude oil inventories are about 6% below the 5-year average for this time of year, the EIA report indicated. EIA said total motor gasoline inventories increased by 800,000 bbl from last week and are 7% below the 5-year average for this time of year. Finished gasoline inventories and blending components inventories both increased last week. Distillate fuel inventories increased by 1.4 million bbl last week and are about 10% below the 5-year average for this time of year. Propane-propylene inventories increased by 6.3 million bbl from last week and are 34% above the 5-year average for this time of year, EIA said. US crude oil refinery inputs averaged 17.1 million b/d for the week ended July 17, which was 58,000 b/d less than the previous week’s average. Refineries operated at 96.1% of capacity. Gasoline production increased, averaging 9.7 million b/d. Distillate fuel production increased, averaging 5.3 million b/d. US crude oil imports averaged 5.8 million b/d, up 117,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 5.6 million b/d, 11.4% less than the same 4-week period last year. Total motor gasoline imports averaged 494,000 b/d. Distillate fuel imports averaged 173,000 b/d.

Read More »

EIA: US crude inventories up 2 million bbl

US crude oil inventories for the week ended July 17, excluding the Strategic Petroleum Reserve, increased by 2.0 million bbl from the previous week, according to data from the US Energy Information Administration (EIA). At 411.7 million bbl, US crude oil inventories are about 6% below the 5-year average for this time of year, the EIA report indicated. EIA said total motor gasoline inventories increased by 800,000 bbl from last week and are 7% below the 5-year average for this time of year. Finished gasoline inventories and blending components inventories both increased last week. Distillate fuel inventories increased by 1.4 million bbl last week and are about 10% below the 5-year average for this time of year. Propane-propylene inventories increased by 6.3 million bbl from last week and are 34% above the 5-year average for this time of year, EIA said. US crude oil refinery inputs averaged 17.1 million b/d for the week ended July 17, which was 58,000 b/d less than the previous week’s average. Refineries operated at 96.1% of capacity. Gasoline production increased, averaging 9.7 million b/d. Distillate fuel production increased, averaging 5.3 million b/d. US crude oil imports averaged 5.8 million b/d, up 117,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 5.6 million b/d, 11.4% less than the same 4-week period last year. Total motor gasoline imports averaged 494,000 b/d. Distillate fuel imports averaged 173,000 b/d.

Read More »

Matador Resources expands Delaware basin footprint, signals Woodford confidence in New Mexico

Under the larger of the two deals, a Matador subsidiary will acquire Paloma Permian LLC for $1.275 billion in cash. The acquisition includes 16,235 net acres (70% held by production) in Eddy and Lea counties, NM, with estimated third-quarter production of about 11,100 boe/d (57% oil). Matador said the assets add more than 156 net drilling locations, primarily targeting the Bone Spring and Wolfcamp formations. The transaction is expected to close in fourth-quarter 2026. Separately, Matador agreed to acquire primarily undeveloped acreage from Ridge Runner Resources II LLC in the emerging Woodford play of the Delaware basin. The deal adds more than 150 net operated Woodford drilling locations at an acquisition cost of about $1.3 million per net location, the company said. Following the Ridge Runner acquisition and earlier acreage additions—that the company said totaled about $205 million—Matador expects its Woodford position to total about 50,000 contiguous net acres, primarily in its Antelope Ridge asset area in Lea County, NM, and West Texas. Matador said results from its Rae’s Creek well, the company’s first exploratory Woodford well in southeast Lea County, further validate the commercial viability of the formation in the area. The well recorded initial production of more than 2,200 boe/d (72% oil) during a 24-hr test on June 29, 2026, and continues to outperform the average Woodford well in Texas by about 20% on a 60-day cumulative oil production basis, according to the company. Looking ahead, Matador expects drilling and completion teams to apply operational efficiencies across the development area that could reduce well costs by 30-40% over the next 12-18 months. Such results would be “similar to the incremental improvements we made at both our Stateline and Rodney Robinson assets acquired in 2018,” said Joseph Wm. Foran, founder, chairman, and chief executive officer.

Read More »

Iraq at the crossroads: Export routes, OPEC, and the future of Middle East oil

@import url(‘https://fonts.googleapis.com/css2?family=Inter:wght@100..900&display=swap’); .ebm-page__main h1, .ebm-page__main h2, .ebm-page__main h3, .ebm-page__main h4, .ebm-page__main h5, .ebm-page__main h6 { font-family: Inter; } body { line-height: 150%; letter-spacing: 0.025em; } button, .ebm-button-wrapper { font-family: Inter; } .label-style { text-transform: uppercase; color: var(–color-grey); font-weight: 600; font-size: 0.75rem; } .caption-style { font-size: 0.75rem; opacity: .6; } #onetrust-pc-sdk [id*=btn-handler], #onetrust-pc-sdk [class*=btn-handler] { background-color: #c19a06 !important; border-color: #c19a06 !important; } #onetrust-policy a, #onetrust-pc-sdk a, #ot-pc-content a { color: #c19a06 !important; } #onetrust-consent-sdk #onetrust-pc-sdk .ot-active-menu { border-color: #c19a06 !important; } #onetrust-consent-sdk #onetrust-accept-btn-handler, #onetrust-banner-sdk #onetrust-reject-all-handler, #onetrust-consent-sdk #onetrust-pc-btn-handler.cookie-setting-link { background-color: #c19a06 !important; border-color: #c19a06 !important; } #onetrust-consent-sdk .onetrust-pc-btn-handler { color: #c19a06 !important; border-color: #c19a06 !important; } Drawing on two recent Oil & Gas Journal commentaries, this Insights episode of the Oil & Gas Journal ReEnterprised podcast explores why Iraq is once again pursuing alternative pipeline routes through Syria and Türkiye, how expanded export options could strengthen the country’s economic resilience, and why these developments matter not only for Iraq, but for global energy markets. We also examine whether Iraq’s growing development ambitions are beginning to diverge from the production constraints imposed by OPEC, and what that could mean for the organization and the broader oil industry. The discussion incorporates recent reporting on Iraq’s agreements with US companies and renewed efforts to revive westbound export infrastructure, placing today’s headlines into a broader strategic context. Rather than focusing on day-to-day geopolitical developments, the episode takes a step back to consider the long-term implications for producers, investors, pipeline operators, and energy policymakers. References  Hormuz closure emphasizes Iraq’s need for a second oil export route Reassessing Iraq’s OPEC membership in light of national development priorities Iraq signs 48 deals with US companies during PM’s visit to Washington Iraq eyes Türkiye, Syria pipeline to curb Strait of Hormuz reliance

Read More »

Dangote secures funding to support expansion of Lekki integrated complex

Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has completed a $2.5-billion private equity placement to support the operator’s ongoing expansion of its 650,000-b/d integrated refining and petrochemicals complex in  the Lekki Free Trade Zone near Lagos, Nigeria. Believed to be Africa’s largest publicly disclosed primary equity private placement by value and achieving 3.7 times subscription relative to the initial offer size, the new private equity placement marks a milestone in advancing the company’s long-term funding strategy and continued development of African capital markets, DPRP said in a July 23 release posted to its official social media accounts. Attracting strong participation from a diverse group of international and African institutional investors, sovereign-related investment vehicles, development finance institutions, and long-standing strategic partners—including Africa Finance Corp. and India Infra Buildco, an investment vehicle facilitated by the African Export-Import Bank (Afreximbank), alongside a broad mix of institutional and individual investors—the offering and its closing “[underscores] deep and diversified market confidence in DPRP’s long-term strategy,” according to the operator. In addition to funding DPRP’s proposed expansion of the Lekki complex, DPRP said proceeds from the private equity placement will help strengthen the company’s capital structure and provide additional financial flexibility for future growth initiatives. Closing of the transaction comes as ”a strategic step to deepen and further [institutionalize DPRP’s] shareholder base, while raising capital to complement our internal cash flows and external funding as DPRP advances its expansion agenda,” said Aliko Dangote, DPRP’s chairman and chief executive officer of Dangote Industries Ltd. “This [new funding and strong investor response it attracted] further demonstrates [continued confidence in DPRP’s strategy and] our profound commitment to developing domestic refining and petrochemical capacity—reducing Africa’s reliance on imported refined products and strengthening the continent’s energy security,” Dangote added. Proposed expansion plans Completion of this latest funding follows DPRP’s confirmation in October 2025

Read More »

Equinor considers subsea tieback of new Barents Sea oil discovery

Equinor Energy AS and production license 532 partners are considering a tieback of a Barents Sea oil discovery at the Skrugard North Tubåen prospect to Johan Castberg field. The find comes as Equinor aims to increase volumes in the Johan Castberg area—originally estimated at 500-700 million bbl—by an additional 200-500 million bbl, with plans to drill 1-2 exploration wells per year in the region, the company has said. Wildcat well 7220/5-EC-2 H was drilled by the Transocean Enabler semisubmersible drilling rig about 6 km north of the 7220/8-1 discovery well on Johan Castberg field and 240 km northwest of Hammerfest, the Norwegian Offshore Directorate (NOD) said in a July 23 release. Water depth at the site is 361 m. The well targeted Lower Jurassic reservoir rocks in the Tubåen formation, encountering a 30-m oil column with good to very good reservoir quality in sandstone in the Tubåen formation in reservoir rocks totaling 41 m. Total thickness of the formation at the site is 68 m, and the oil-water contact was found at 1,474 m subsea. Preliminary estimates put the discovery at 1.2-1.7 million standard cu m of recoverable oil equivalent (7.6-10.5 MMboe). The well was not formation-tested, but data and samples were collected. Drilled to a vertical depth of 1,521 m subsea, it was terminated in the Fruholmen formation in the Upper Triassic. Equinor is operator of the license, with partners Vår Energi and Petoro.

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US DOE offers $65.5 million to support oil, gas, pipelines

The US Department of Energy (DOE) July 23 announced a new $65.5 million federal funding initiative to advance technology and research in the upstream and midstream oil and natural gas sectors. The program supplements a separate, recent $150 million DOE grant program focused on unconventional reservoir recovery, hydraulic fracturing, and produced-water management. Available for public-private partnerships, the newly announced grants aim to enhance supply chain reliability, digitalize operations, and maximize the value of underutilized resources. For midstream reliability, eligible projects include developing and field-testing equipment—such as compressors, valves, piping, storage tanks, and advanced alloys—designed to prevent product losses and strengthen domestic chemical supply chains. DOE also hopes to accelerate the adoption of digital technologies and advanced analytics to improve operational efficiency and safety. Funded projects will utilize full-scale, field-based test sites to deploy continuous monitoring systems, artificial intelligence-supported digital twins, and optimization systems to reduce operating costs. The department is also seeking projects to convert stranded, contaminated, or flared gas into high-value, easily transportable products. Funded research will progress from laboratory-scale validation of new catalysts and separation processes to field-testing of decentralized gas conversion systems in active production basins. The application deadline is Sept. 22, 2026.

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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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Accelerating the frontiers of scientific discovery: Google’s $40M commitment to the Genesis Mission

Scientists today face challenges of extraordinary scale and complexity. From shaping and simulating the intricate dynamics of fusion plasma, to exploring the vast search space of new materials, to making sense of the exabytes of data pouring out of the world’s most advanced experimental facilities. The demands on modern research are unprecedented. Frontier AI can help address these challenges, while accelerating groundbreaking scientific discoveries.In December, we shared our commitment to the White House’s Genesis Mission — the national effort to harness AI and double the pace of American scientific discovery within a decade. Since then, Google DeepMind (GDM) announced an early access program that provides AI for science tools to all 17 Department of Energy (DOE) National Laboratories, and Google Public Sector shared how Gemini for Government could serve as an AI backbone for the DOE.Today, at the DOE Genesis Mission Summit 2026, we are expanding this by committing $40 million of AI tokens and cloud credits for researchers in support of the Genesis Mission.Frontier AI tools for scientific discoveryUnder this expanded commitment, we will first provide DOE’s Genesis Mission awardees in-kind access to GDM’s frontier AI for science portfolio, including:AlphaEvolve — a Gemini-powered coding and discovery agent, for designing advanced algorithms.AlphaFold 3 — a model for predicting the structure and interactions of proteins and other biomolecules.AlphaGenome — a tool for understanding how variation in DNA, including the non-coding genome, shapes biology and disease.WeatherNext — a state-of-the-art family of AI weather forecasting models for mapping weather conditions.AlphaEarth Foundations — a foundational AI model for mapping and understanding our planet in unprecedented detail.Second, we will provide Gemini for Government seats and tokens for one year to tens of thousands of users across the DOE National Laboratories’ operations, research, and management teams. This secure platform supports the full breadth of work from the research bench to the administration of specialized user facilities serving the entire scientific community, providing a single secure foundation that the DOE mission can depend on.AI for science tools in action across the laboratory ecosystemWhile we have a lot of work still to do, the practical impact of the Genesis Mission is already coming to life across the laboratory ecosystem.At Pacific Northwest National Laboratory (PNNL), senior scientist Dr. Henry Kvinge is using AlphaEvolve to map out massive mathematical systems that are far too complex for humans to explore by hand. The AI uncovers hidden connections automatically, fast-tracking discoveries that would normally take researchers years to find.“Modern math relies on abstraction, but combinatorics offers concrete models that make complex geometry and algebra easier to grasp. We’ve found that systems like AlphaEvolve are perfect for this search,” said Dr. Kvinge. “By leveraging the broad mathematical knowledge of LLMs, we can automate the exploration of countless angles. We’re still experimenting, but the discoveries are already shaping our future research.”At the National Laboratory of the Rockies (NLR), researchers are utilizing Gemini to fundamentally change how they interact with physical laboratory hardware. Dr. Steven R. Spurgeon, a senior materials data scientist at NLR, leads a pioneering program in autonomous materials discovery.”Our collaboration has allowed us to build an autonomous experimentation capability,” said Dr. Spurgeon. “By deploying Gemini in our instruments, we cut microscope calibration time from over 90 minutes to about 13 minutes (eight times faster) and reduced the manual steps needed to focus an image from as many as 50 down to two. That’s time and attention we’ve given back to the science itself, enabling genuinely autonomous workflows that observe, reason, and decide in real time. This has helped us explore parts of the material design space we simply could not have reached through manual operation alone.”Driving American innovationThe Genesis Mission represents an opportunity to transform research and science across America. By providing access to advanced AI tools, we aim to help scientists accelerate breakthroughs across critical energy, security, and scientific challenges. To learn more about how these AI capabilities can support your research initiatives, join us at the upcoming Google Public Sector Summit in October.

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The Download: NASA’s new space telescope and OpenAI’s autonomous hacker

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. Shape-shifting mirrors on NASA’s new space telescope could unveil Jupiters like our own When NASA’s Nancy Grace Roman Space Telescope launches, as early as the end of next month, it will attempt one of astronomy’s most precise disappearing acts to date. It will carry the first space-bound “active” coronagraph, an instrument that effectively erases most of the light from a star during photography. The technology will allow astronomers to take the first pictures of planets orbiting other stars that are similar to those in our solar system. Ultimately, it could pave the way for a future mission that could snap the first photos of Earth-like worlds. “I hope it’s remembered for it being that critical stepping stone for … finding Earth 2.0,” says Brandon Creager, the instrument’s lead mechanical engineer.
Read the full story on the space telescope that could transform the search for distant planets. —Eshan Raul
MIT Technology Review Narrated: PsiQuantum has a plan to make a massive quantum computer out of light The machine that could change the world will be housed in a room that looks like a data center crossed with an ice cream factory.  Inside, some 100 stainless-steel cabinets each hold hundreds of chips. On those chips, thousands of light particles will fly through a maze of optical switches and beam splitters. Each photon must be accounted for, because precisely measuring where it ends up will help answer questions that current computers might take millions of years to solve. This computer, as described, does not exist. It’s the brainchild of a company called PsiQuantum, founded in 2016 by four physicists from UK universities. In a crowded field of deep-pocketed competitors with similarly fantastical visions, the company aims to be the first to build a useful quantum machine. —James O’Donnell This is our latest story to be turned into an MIT Technology Review Narrated podcast, which we publish each week on Spotifyand Apple Podcasts. Just navigate to MIT Technology Review Narrated on either platform, and follow us to get all our new content as it’s released. The must-reads I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology. 1 OpenAI says one of its models carried out an autonomous hackIt escaped its testing sandbox and breached AI research platform Hugging Face. (Reuters $)+ OpenAI described it as a cybersecurity test that went badly wrong. (WSJ $)+ The hack is among the first known cyberattacks by an AI acting on its own. (FT $)+ Even simple AI attacks are cause for alarm, though. (MIT Technology Review)

2 France has become the first EU country to ban social media for under-15sIts parliament approved the ban, which President Macron championed. (NYT $)+ He pledged to enforce it by September, the start of the school year. (Guardian)+ But critics say it’s unconstitutional and impossible to enforce. (NPR) 3 The US and China will hold talks over AI in SeptemberTreasury Secretary Scott Bessent will lead the US side. (Reuters $)+ Chinese models have Trump’s AI world at war with itself. (MIT Technology Review) 4 Publishers are considering cutting Google off as AI reshapes searchNews outlets are weighing lost traffic against AI exposure. (WSJ $) 5 Samsung is in talks to invest €1 billion in MistralThe French AI firm is positioning itself as an alternative to US models. (FT $)+ It’s Europe’s leading AI firm, but US peers dwarf its $20 billion valuation. (Reuters $) 6 Amazon pushed up rivals’ prices, leaked records allegeInternal emails reveal tactics that allegedly reshaped online pricing. (Guardian) 7 Trump has tapped a Big Tech critic to lead the DOJ’s antitrust divisionAdam Candeub has called for tougher federal competition enforcement. (FT $) 8 New drilling methods could unlock geothermal energy almost anywhereThey aim to unlock Earth’s enormous heat reserves. (New Scientist $)+ AI is uncovering hidden geothermal energy resources. (MIT Technology Review) 9 AI researchers have proposed a “Genie coefficient” for measuring AI risksIt would track the gap between intent and action. (IEEE Spectrum)+ We need better ways to evaluate AI. (MIT Technology Review)
10 Japan’s AI boom has two unlikely winners: a toilet maker and an MSG giantThey’re supplying critical chipmaking materials. (CNBC) Quote of the day
“He’s an analog man in a digital AI world, and I think that’s incredibly appealing.” —Paul Dergarabedian, a movie industry analyst at Comscore, tells Fortune that Christopher Nolan’s commitment to human filmmaking provides an attractive counterweight to Hollywood’s embrace of AI. One More Thing DANA SMITH Taiwan’s “silicon shield” could be weakening Taiwan produces the majority of the world’s semiconductors and more than 90% of the most advanced chips needed for AI applications. Many believe that’s helped deter China from invading the island. But now some Taiwan specialists and citizens are worried that this “silicon shield” is cracking. Facing pressure from Washington, TSMC—the world’s largest chipmaker—is expanding manufacturing abroad. In Taiwan, there are worries that this will dilute the company’s power at home, making the US and other countries less inclined to defend the island. Find out why Taiwan’s chipmaking dominance could be key to its future security. —Johanna M. Costigan
We can still have nice things A place for comfort, fun, and distraction to brighten up your day. (Got any ideas? Drop me a line.) + Thrifty filmmakers have masterfully recreated Star Wars on a $10 budget.+ A man discovered squirrels hug and kiss their loved ones in the privacy of their homes.+ Toronto’s floating waterfront store is reimagining one of the most familiar spaces across cultures.+ These animations of Sesame Street characters performing classic tracks like Underworld’s “Born Slippy” will brighten up your day.

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Shape-shifting mirrors on NASA’s new space telescope could unveil Jupiters like our own

EXECUTIVE SUMMARY When NASA’s Nancy Grace Roman Space Telescope launches, as early as the end of next month, it will attempt one of astronomy’s most precise disappearing acts to date. The telescope will carry the first space-bound “active” coronagraph, an instrument that effectively erases most of the light from a star during photography. It will allow astronomers to take the first pictures of planets orbiting other stars that are similar to those in our solar system. Ultimately, it could pave the way for a future mission that could snap the first photos of Earth-like worlds. “I hope it’s remembered for it being that critical stepping stone for … finding Earth 2.0,” says Brandon Creager, the instrument’s lead mechanical engineer at NASA’s Jet Propulsion Laboratory (JPL). Named after Nancy Grace Roman, NASA’s first chief of astronomy, this new telescope will carry a roughly 300-megapixel wide-field camera that will enable it to capture images about 100 times larger than the Hubble Space Telescope’s widest exposures at a similar resolution.
These capabilities will help astronomers unpack the mysterious identities of dark matter and dark energy—and to detect around 100,000 new exoplanets, planets outside our solar system, whose presence can be inferred from the way they distort the starlight of more distant stars. Javier Viaña, a research scientist at Harvard who has had two projects selected for Roman’s highly competitive first year of observing, compares the leap to moving from “interviewing a handful of people” to “conducting a global census.” Another camera will use the coronagraph, blocking out a star’s light as it observes one stellar system at a time. The instrument will allow astronomers an unprecedented look at the space around stars, enabling them to see smaller, dimmer, and more close-in exoplanets. “It’s giving us the ability to see planets that we haven’t been able to physically see before,” says Creager.
The anatomy of a vanishing trick Coronagraphs in space aren’t new. But earlier incarnations, such as those currently aboard Hubble and the James Webb Space Telescope, use a stationary system to block a star’s blinding light. The approach does help, but it’s a bit like putting your thumb over a flashlight while searching a dark room for a firefly. Though the bulb vanishes, stray glare can still escape and overwhelm the light of the insect. Inside a telescope, that glare can come from light leaking around the edges of machinery or from minuscule imperfections in mirrors and coatings that can scatter starlight into speckles. All this can hide, or even impersonate, a planet. Roman’s coronagraph, however, will attempt something completely unseen in space telescopes until this year: Before each observation, it will measure that leftover light and try to suppress it, a technique known as active wavefront control. The telescope is able to do this because it contains two deformable mirrors. Each has a 48-by-48 checkerboard of actuators (tiny pistons) beneath a thin, deformable sheet of glass. Applying a small amount of voltage makes the actuators contract and tug their patches of mirror slightly backward, like thousands of microscopic fingers delicately sculpting a surface. The effect is very subtle: Each patch of mirror can deform by up to 0.5 micrometers, or about one-fourth the size of an E. coli bacterium, and in increments as small as approximately 10 picometers. That’s about a tenth the diameter of a hydrogen atom, says Ilya Poberezhskiy, the instrument’s project systems engineer at JPL. The actuators allow the mirrors to create an “active wavefront,” where each component is moved to the perfect position to cancel out incoming waves of unwanted light—a bit like a pair of noise-canceling headphones, but for light instead of sound. The “canceled-out” light creates a “doughnut-shaped region around the star where we suppress starlight and where we’re hoping to see exoplanets,” says Poberezhskiy. Compared with current space-based coronagraphs, the system is expected to improve sensitivity to exoplanets against the glare of their host stars by a factor of up to 1,000, revealing planets that would have been far too faint to detect before. Like Hubble and JWST, Roman also uses masks, patterned plates placed in the path of the light that are designed to block the photons that run into them. One tool in Roman’s mask arsenal is “silicon grass,” a thicket of microscopic spikes on some masks that can be used in certain configurations to absorb photons so they don’t bounce around the telescope and accidentally reach a detector. Light entering the forest bounces deeper and deeper between the blades and gets trapped instead of reflecting back toward the camera. “Once the light gets into there, it never gets out,” Poberezhskiy says. The mirrors and masks form a succession of gates and hedges to guide as much of the preserved planetary light as possible toward the final detector.

Alien Jupiters This elaborate setup could open a new chapter in the direct imaging of exoplanets. Nearly all exoplanets photographed so far are oversize youngsters that are nothing like the residents of our solar system: several times the mass of Jupiter, still glowing with the heat left over from their birth, and orbiting tens or hundreds of times farther from their star than the Earth is from the sun. This is because they are relatively easy to see. Their size, warmth, and distance from their parent star makes them shine brightly in infrared light, far away from the worst of the stellar glare. Roman, however, could directly image a true Jupiter analogue—a planet similar to Jupiter in mass and circling a sunlike star a few times farther out than Earth is from our sun. Unlike the hot Jupiters we can see now, this one would be a much more mature gas giant like ours, primarily reflecting its parent star’s light after billions of years of cooling instead of heavily emitting its own. Astronomers have been able to infer the existence of such planets from the gravitational wobble they impart to the star. Roman instead will collect starlight reflected from the planet itself. “We’re not looking at the star. We’re not looking at the effect of the planet on the star,” says Meredith MacGregor, a professor of astronomy at Johns Hopkins who has also secured an observing program. “We are actually looking at the planet, and that is super powerful.” Once this instrument becomes available, it will become the scientists’ turn to do their jobs. “I’m honestly a little terrified about how we’re all going to deal with it, because I think it’s just so much data,” MacGregor says. “I think people will legitimately still be working on Roman data for decades.” But don’t expect to see a 4K photo of an alien Jupiter in the coming months. Roman will not be able to resolve such a planet into a solid globe—at best, it will likely resemble a smattering of pixels. Still, that will be enough, MacGregor says, as Roman can then use the coronagraph to get information on the various wavelengths of light from the planet, which can tell astronomers about its atmospheric chemistry. “You’re taking something that’s a point of light and turning it into an actual world,” she says, “because if you know that about its atmosphere, now you know something about the surface of the planet and the possibility of life being on that planet, right? So that’s a big step.” During its first observations, scientists and engineers will see whether they can hold a star at the very center of the coronagraph’s masks, shape the mirrors, “dig” the dark doughnut (as Poberezhskiy describes it), and then maintain everything as the spacecraft moves through space and actively changes temperature. The results will inform NASA’s proposed Habitable Worlds Observatory, the daydream of many an exoplanet astronomer, which will in theory be able to separate the light of an Earthlike planet from that of a sunlike star, over 10 billion times brighter. Creager, who has worked on the instrument since 2018, is proud of the achievement: “Not too many people get to say, ‘I built something and it’s taking a picture of a planet that’s at a star that’s 50 light-years away or 100 light-years away.’” He imagines the moment he and his team will be able to look at the first image as it arrives: “Yes, we did that.” While the planet may show up only as a tiny dot, Roman’s achievement will be the darkness engineered around it.

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Introducing Gemini 3.5 Flash Cyber

Google has invested in cybersecurity for years, pioneering automated vulnerability discovery to secure the world’s codebases. Tools like CodeMender, our code security agent, can automatically find and fix critical software vulnerabilities. But as AI agents become more capable at finding vulnerabilities faster than defenders can fix them, addressing this global threat requires a highly capable, affordable, and scalable approach.Today, we’re expanding our longtime efforts to better prepare defenders by introducing Gemini 3.5 Flash Cyber, our lightweight cybersecurity model built on top of 3.5 Flash and fine-tuned to find, validate, and patch vulnerabilities quickly and efficient, making it more effective at these tasks than Gemini’s mainline Flash models.Flash’s performance and efficiency makes it an ideal foundation for our cybersecurity model efforts. By building on top of Flash, 3.5 Flash Cyber offers a cost-efficient and highly capable alternative to large, costly cybersecurity models.Given the dual-use nature of this technology, we have taken an intentional approach to how we deploy 3.5 Flash Cyber. As part of a limited-access pilot program, 3.5 Flash Cyber will be exclusively available to governments and trusted partners via CodeMender soon, expanding over time. This will give frontline defenders a head start in finding and fixing critical vulnerabilities before they can be exploited, while mitigating against broader misuse.Separately, we’re also bringing CodeMender’s foundational capabilities directly to customers with generally available Gemini models through the Gemini Enterprise Agent Platform.The search space problem: The advantage of lightweight models in code securityFinding deep-seated flaws requires exploring an immense execution search space. Relying on a single, expensive call to a massive language model can create a bottleneck. 3.5 Flash Cyber is particularly suitable for finding vulnerabilities where the agent has to scan a large codebase and analyze a large number of codepaths.CodeMender invokes 3.5 Flash Cyber multiple times, so agents can analyze vastly more code paths to discover and validate vulnerabilities. The sub-agents then produce a single, high-quality report.Thanks to its speed and affordability, 3.5 Flash Cyber can be easily integrated into frequent scans, time-sensitive launch processes or commit scanning pipelines at scale.3.5 Flash Cyber benchmark results: an efficient alternative to larger cybersecurity modelsWe tested 3.5 Flash Cyber on a variety of benchmarks. In particular, we tested 3.5 Flash Cyber on the CyberGym benchmark, which evaluates AI agents against hundreds of real-world software vulnerabilities. Leveraging the low cost of 3.5 Flash Cyber by configuring CodeMender to call 3.5 Flash Cyber up to five times for a single, final report, the overall agent achieved competitive performance against significantly larger models on CyberGym*.

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Introducing Gemini 3.6 Flash, 3.5 Flash-Lite, and 3.5 Flash Cyber

Developers and customers building production AI agents need higher token efficiency, lower latency, and more reliable performance. Our Flash series of models is built to meet the sweet spot of efficiency and quality to enable scaling agentic workflows. Building on Gemini 3.5 Flash, we’re introducing new Gemini models:3.6 Flash: Our workhorse model that delivers better coding, knowledge work, and multimodal performance. According to the Artificial Analysis Index, it reduces output token usage by 17% compared to 3.5 Flash, and in some benchmarks like DeepSWE by Datacurve, we observe up to 65%, all at a lower cost per output token.3.5 Flash-Lite: Our fastest, most cost-effective 3.5-class model, delivering 350 output tokens per second according to the Artificial Analysis Index, also significantly outperforming prior Flash-Lite generations in agentic workflows.3.5 Flash Cyber in CodeMender: Successful cybersecurity applications require careful orchestration of a model alongside an agent infrastructure. We’re introducing a combination of a new, highly efficient, specialized cyber-focused model paired with our CodeMender code security agent that delivers competitive performance at the frontier.Beyond today’s releases, Gemini 3.5 Pro is currently testing with partners and we plan to make it broadly available as soon as it’s ready. In parallel, our team is already focusing on building the next generation of models. We have started our most ambitious pre-training run yet, for Gemini 4, and are excited by the progress.3.6 Flash: More efficient and better quality than 3.5 FlashGemini 3.6 Flash builds directly on developer and customer feedback from 3.5 Flash. 3.6 Flash not only delivers a step up in coding and knowledge work, but it does this while meaningfully improving token efficiency. For example, on the Artificial Analysis Index, we see 3.6 Flash consuming 17% fewer output tokens than 3.5 Flash. It also takes fewer reasoning steps and tool calls to accomplish multi-step workflows.This enhanced efficiency is also combined with a lower price than 3.5 Flash. At $1.50/1M input tokens and $7.50/1M output tokens, 3.6 Flash reduces the overall cost per agentic task, making agents more cost-effective to build and run.

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The Download: Chinese AI divides the White House, and a record copyright payout

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. China’s AI models have Trump’s AI world at war with itself Last weekend, several current and former advisers to President Donald Trump on AI publicly lobbed insults at the country’s leading AI companies. David Sacks branded Anthropic’s models “lobotomized” and “woke.” Emil Michael, a top Pentagon official, called OpenAI’s new head of strategic futures a “supreme village idiot.” It began because no one can agree on what to do about Kimi, a free, open-source model that Chinese AI company Moonshot launched last week. It appears to rival the intelligence of models from OpenAI and Anthropic, which are very much not free.  Every time a new smart, free model from China gets released, US companies see less reason to fork out money for models from Anthropic or OpenAI. That’s creating economic and political problems for the president—and dividing the top AI strategists in his orbit. 
Read the full story on why no one can agree what to do about Kimi. —James O’Donnell
This article is from The Algorithm, our weekly AI newsletter. Sign up to receive it in your inbox every Monday. The must-reads I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology. 1 Anthropic’s record $1.5 billion copyright settlement has been approvedThe plaintiffs said Anthropic used pirated works to train Claude. (Reuters $)+ And won the largest known copyright payout in history. (Engadget)+ Yet many authors and creators still don’t view it as a win. (TechCrunch)+ But AI copyright anxiety could limit creativity. (MIT Technology Review) 2 The Trump administration is weighing a ban on Chinese AI modelsThe launch of Kimi K3 has revived calls for restrictions. (Axios)+ But officials are divided on the proposals. (Fast Company)+ China’s bet on open-source is paying off. (MIT Technology Review) 3 China is mulling tighter export controls on AI models and chipsIt wants to stop the West from acquiring its tech and startups. (FT $)+ Beijing has held talks with tech firms about potential restrictions. (Reuters $) 4 Trump’s AI safety head has resigned after just three monthsChris Fall had led CAISI, the federal AI Safety Institute, since April. (Axios)+ No reason was given for his exit. (CNBC) 5 Google is working on a new chip to run Gemini models more efficiently The chip, called “Frozen V2,” may be deployed in 2028. (Information $)+ Alphabet stock popped on the report. (CNBC)6 New Orleans police have explored arming drones with weaponsA draft drone manual paves the way for weaponised quadcopters. (404 Media)+ Shoplifters could soon be chased by drones. (MIT Technology Review) 7 The EU has handed AliExpress a record fine over unsafe product salesThe €550 million fine is the largest-ever under the Digital Services Act. (BBC)+ Alibaba has vowed to appeal the fine. (SCMP)8 Election advice from AI chatbots is “inaccurate and unreliable”That’s the conclusion from tests in Hungary earlier this year. (Guardian)9 Red light therapy is showing promise for healing and healthy agingBetter skin and reduced vision loss are also on the cards. (Economist $)10 Neill Blomkamp’s new horror clip is all AI-generated—and it sucksThe acclaimed director wants to make “a full feature in this format.” (Gizmodo) Quote of the day “This would be a terribly self-defeating form of intervention if it were to happen.”  —Tech investor Chamath Palihapitiya slams plans to restrict Chinese AI models in a post on X. One More Thing AKILAH TOWNSEND Inside Chicago’s surveillance panopticon Early on the morning of September 2, 2024, four people were shot and killed on a westbound train in Chicago. Police swiftly activated a digital dragnet—a surveillance network that connects thousands of cameras across the city—and arrested the suspect just 90 minutes later.

Law enforcement and security advocates say this vast monitoring system protects public safety and works well. But activists and many residents say it’s a surveillance panopticon that creates a chilling effect on behavior and violates guarantees of privacy and free speech. Go inside the surveillance network that’s dividing Chicago. —Rod McCullom 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.) + NASA has shared a stunning timelapse video of the Psyche spacecraft’s view of Mars.+ This comparison of American and European Urbanism shows good city design is a choice.+ Musician Luca Stricagnoli recently performed a marvellous acoustic guitar medley of Prodigy songs.+ Two Australian paddleboarders saved a stranded wallaby after it was swept out to sea—and caught the whole rescue on video.

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US DOE offers $65.5 million to support oil, gas, pipelines

The US Department of Energy (DOE) July 23 announced a new $65.5 million federal funding initiative to advance technology and research in the upstream and midstream oil and natural gas sectors. The program supplements a separate, recent $150 million DOE grant program focused on unconventional reservoir recovery, hydraulic fracturing, and produced-water management. Available for public-private partnerships, the newly announced grants aim to enhance supply chain reliability, digitalize operations, and maximize the value of underutilized resources. For midstream reliability, eligible projects include developing and field-testing equipment—such as compressors, valves, piping, storage tanks, and advanced alloys—designed to prevent product losses and strengthen domestic chemical supply chains. DOE also hopes to accelerate the adoption of digital technologies and advanced analytics to improve operational efficiency and safety. Funded projects will utilize full-scale, field-based test sites to deploy continuous monitoring systems, artificial intelligence-supported digital twins, and optimization systems to reduce operating costs. The department is also seeking projects to convert stranded, contaminated, or flared gas into high-value, easily transportable products. Funded research will progress from laboratory-scale validation of new catalysts and separation processes to field-testing of decentralized gas conversion systems in active production basins. The application deadline is Sept. 22, 2026.

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Equinor considers subsea tieback of new Barents Sea oil discovery

Equinor Energy AS and production license 532 partners are considering a tieback of a Barents Sea oil discovery at the Skrugard North Tubåen prospect to Johan Castberg field. The find comes as Equinor aims to increase volumes in the Johan Castberg area—originally estimated at 500-700 million bbl—by an additional 200-500 million bbl, with plans to drill 1-2 exploration wells per year in the region, the company has said. Wildcat well 7220/5-EC-2 H was drilled by the Transocean Enabler semisubmersible drilling rig about 6 km north of the 7220/8-1 discovery well on Johan Castberg field and 240 km northwest of Hammerfest, the Norwegian Offshore Directorate (NOD) said in a July 23 release. Water depth at the site is 361 m. The well targeted Lower Jurassic reservoir rocks in the Tubåen formation, encountering a 30-m oil column with good to very good reservoir quality in sandstone in the Tubåen formation in reservoir rocks totaling 41 m. Total thickness of the formation at the site is 68 m, and the oil-water contact was found at 1,474 m subsea. Preliminary estimates put the discovery at 1.2-1.7 million standard cu m of recoverable oil equivalent (7.6-10.5 MMboe). The well was not formation-tested, but data and samples were collected. Drilled to a vertical depth of 1,521 m subsea, it was terminated in the Fruholmen formation in the Upper Triassic. Equinor is operator of the license, with partners Vår Energi and Petoro.

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Dangote secures funding to support expansion of Lekki integrated complex

Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has completed a $2.5-billion private equity placement to support the operator’s ongoing expansion of its 650,000-b/d integrated refining and petrochemicals complex in  the Lekki Free Trade Zone near Lagos, Nigeria. Believed to be Africa’s largest publicly disclosed primary equity private placement by value and achieving 3.7 times subscription relative to the initial offer size, the new private equity placement marks a milestone in advancing the company’s long-term funding strategy and continued development of African capital markets, DPRP said in a July 23 release posted to its official social media accounts. Attracting strong participation from a diverse group of international and African institutional investors, sovereign-related investment vehicles, development finance institutions, and long-standing strategic partners—including Africa Finance Corp. and India Infra Buildco, an investment vehicle facilitated by the African Export-Import Bank (Afreximbank), alongside a broad mix of institutional and individual investors—the offering and its closing “[underscores] deep and diversified market confidence in DPRP’s long-term strategy,” according to the operator. In addition to funding DPRP’s proposed expansion of the Lekki complex, DPRP said proceeds from the private equity placement will help strengthen the company’s capital structure and provide additional financial flexibility for future growth initiatives. Closing of the transaction comes as ”a strategic step to deepen and further [institutionalize DPRP’s] shareholder base, while raising capital to complement our internal cash flows and external funding as DPRP advances its expansion agenda,” said Aliko Dangote, DPRP’s chairman and chief executive officer of Dangote Industries Ltd. “This [new funding and strong investor response it attracted] further demonstrates [continued confidence in DPRP’s strategy and] our profound commitment to developing domestic refining and petrochemical capacity—reducing Africa’s reliance on imported refined products and strengthening the continent’s energy security,” Dangote added. Proposed expansion plans Completion of this latest funding follows DPRP’s confirmation in October 2025

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Iraq at the crossroads: Export routes, OPEC, and the future of Middle East oil

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Matador Resources expands Delaware basin footprint, signals Woodford confidence in New Mexico

Under the larger of the two deals, a Matador subsidiary will acquire Paloma Permian LLC for $1.275 billion in cash. The acquisition includes 16,235 net acres (70% held by production) in Eddy and Lea counties, NM, with estimated third-quarter production of about 11,100 boe/d (57% oil). Matador said the assets add more than 156 net drilling locations, primarily targeting the Bone Spring and Wolfcamp formations. The transaction is expected to close in fourth-quarter 2026. Separately, Matador agreed to acquire primarily undeveloped acreage from Ridge Runner Resources II LLC in the emerging Woodford play of the Delaware basin. The deal adds more than 150 net operated Woodford drilling locations at an acquisition cost of about $1.3 million per net location, the company said. Following the Ridge Runner acquisition and earlier acreage additions—that the company said totaled about $205 million—Matador expects its Woodford position to total about 50,000 contiguous net acres, primarily in its Antelope Ridge asset area in Lea County, NM, and West Texas. Matador said results from its Rae’s Creek well, the company’s first exploratory Woodford well in southeast Lea County, further validate the commercial viability of the formation in the area. The well recorded initial production of more than 2,200 boe/d (72% oil) during a 24-hr test on June 29, 2026, and continues to outperform the average Woodford well in Texas by about 20% on a 60-day cumulative oil production basis, according to the company. Looking ahead, Matador expects drilling and completion teams to apply operational efficiencies across the development area that could reduce well costs by 30-40% over the next 12-18 months. Such results would be “similar to the incremental improvements we made at both our Stateline and Rodney Robinson assets acquired in 2018,” said Joseph Wm. Foran, founder, chairman, and chief executive officer.

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EIA: US crude inventories up 2 million bbl

US crude oil inventories for the week ended July 17, excluding the Strategic Petroleum Reserve, increased by 2.0 million bbl from the previous week, according to data from the US Energy Information Administration (EIA). At 411.7 million bbl, US crude oil inventories are about 6% below the 5-year average for this time of year, the EIA report indicated. EIA said total motor gasoline inventories increased by 800,000 bbl from last week and are 7% below the 5-year average for this time of year. Finished gasoline inventories and blending components inventories both increased last week. Distillate fuel inventories increased by 1.4 million bbl last week and are about 10% below the 5-year average for this time of year. Propane-propylene inventories increased by 6.3 million bbl from last week and are 34% above the 5-year average for this time of year, EIA said. US crude oil refinery inputs averaged 17.1 million b/d for the week ended July 17, which was 58,000 b/d less than the previous week’s average. Refineries operated at 96.1% of capacity. Gasoline production increased, averaging 9.7 million b/d. Distillate fuel production increased, averaging 5.3 million b/d. US crude oil imports averaged 5.8 million b/d, up 117,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 5.6 million b/d, 11.4% less than the same 4-week period last year. Total motor gasoline imports averaged 494,000 b/d. Distillate fuel imports averaged 173,000 b/d.

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