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Masdar Secures First Power Offtake for 500 MW Angolan Portfolio

Abu Dhabi Future Energy Co PJSC (Masdar) has signed an agreement with Angola’s state-owned offtaker Rede Nacional de Transporte de Electricidade for the 150-megawatt (MW) Quipungo photovoltaic project in Huila province. “The Quipungo project represents the first contracted site under Project Royal Sable, a planned 500 MW renewable energy program across three sites that will strengthen Angola’s southern power grid and support the country’s sustainable development objectives”, Masdar said in a press release. It also marks Masdar’s first power purchase agreement (PPA) in the Central African country, according to the company. Project Royal Sable, expected to power around 300,000 homes and offer over 2,000 jobs, “reflects Masdar’s commitment to developing large-scale, bankable renewable energy infrastructure in emerging markets, supporting national energy strategies while expanding access to reliable, affordable clean power”, Masdar said. “Masdar is now the largest operator of renewables on the continent through its joint venture, Infinity Power, which currently operates 1.3 GW of solar and onshore wind power projects in South Africa, Egypt and Senegal, and has a 13.8-GW project pipeline, including battery storage and green hydrogen facilities, in various stages of development”, it added. “The addition of Project Royal Sable will contribute to Masdar’s target of 100 GW portfolio capacity by 2030”. The offtake deal was signed at the International Renewable Energy Agency assembly in Abu Dhabi, which closed Monday. Recently Masdar also signed its first PPA in Malaysia, agreeing to build what it said is Southeast Asia’s biggest floating solar plant. The 200-MW project will be installed at the Chereh Dam in Pahang state. It would be developed with Malaysian partners Citaglobal and Tiza Global, while the PPA was signed with national utility Tenaga Nasional Bhd, Masdar said in an online statement December 23, 2025. The Chereh project launches the 10-gigawatt renewable energy roadmap agreed between Masdar

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Strategists Forecast 5MM Barrel WoW USA Crude Inventory Build

In an oil and gas report sent to Rigzone late Monday by the Macquarie team, Macquarie strategists, including Walt Chancellor, revealed that they are forecasting that U.S. crude inventories will be up by 5.0 million barrels for the week ending January 9. “This follows a 3.8 million barrel draw in the prior week, with the crude balance realizing relatively close to our expectations,” the strategists said in the report. “For the week ending 1/9, from refineries, we look for a modest reduction in crude runs (-0.1 million barrels per day). Among net imports, we model a healthy increase, with exports sharply lower (-0.9 million barrels per day) and imports up slightly (+0.1 million barrels per day) on a nominal basis,” they added. The strategists stated in the report that timing of cargoes remains a source of potential volatility in the weekly crude balance. They also noted in the report that they “see some lingering potential for noise from year-end effects”. “From implied domestic supply (prod.+adj.+transfers), we look for a small nominal increase (+0.1 million barrels per day),” the Macquarie strategists went on to note. “Rounding out the picture, we anticipate another small increase (+0.2 million barrels) in SPR [Strategic Petroleum Reserve] stocks for the week ending 1/9,” they said. The Macquarie strategists also highlighted in the report that, “among products”, they “again look for another large build led by gasoline (+7.1 million barrels), with distillate (+2.4 million barrels) and jet stocks (+0.7 million barrels) also higher”. “We model implied demand for these three products at ~13.6 million barrels per day for the week ending January 9,” the strategists went on to state. In its latest weekly petroleum status report at the time of writing, which was released on January 7 and included data for the week ending January 2, the

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Trading Giants Seek Big Asia Buyers for Venezuelan Oil

Vitol Group and Trafigura Group are in talks with large Indian and Chinese refiners over potential sales of Venezuelan crude, days after they obtained a preliminary green light from the US to market the oil. The traders contacted leading Asian buyers over the weekend, according to people familiar with the matter, who asked not to be identified because they are not authorized to speak publicly. Conversations are at an early stage and no formal offers have been made, they added. Indicative price levels for the touted Venezuelan volumes, for arrival to Asia in March, were pegged at about an $8 a barrel discount to the Brent benchmark, said traders in the spot market who track regional crude flows. The global oil market is on alert for a redirection of exports from Venezuela following the US intervention earlier this month, when forces seized leader Nicolás Maduro and President Donald Trump asserted control over the nation’s energy industry. The country has the world’s largest proven crude reserves. The two trading houses, among the world’s largest, are also in talks with US refiners to gauge interest. Vitol and Trafigura declined to comment. Asia has been a vital market for Venezuela’s Merey crude through years of US sanctions and restrictions. China took the lion’s share, usually sold at a discount. After Washington’s move, Energy Secretary Chris Wright told Fox News that the US would not cut the country off from accessing Venezuelan oil. India’s Reliance Industries Ltd., meanwhile, has taken cargoes after securing a waiver, only to pause purchases last year when US President Donald Trump announced a 25 percent tariff on nations buying from the Latin American producer. Processors in India and China are now eager to explore renewed access to Venezuelan crude, potentially another source of supply in an already plentiful market. State-owned

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Uniper Places Long-Term Order for Indian Green Ammonia

Uniper SE and AM Green Ammonia India Pvt Ltd have signed a “long-term” offtake agreement for the German power and gas utility to buy up to 500,000 metric tons a year of renewable energy-produced ammonia from AM Green Ammonia’s projects. AM Green Ammonia – a consortium of India’s AM Green, Gentari of Malaysia’s Petroliam Nasional Bhd, Singaporean sovereign wealth fund GIC and the Abu Dhabi Investment Authority – is developing several plants in the Indian cities of Kakinada and Tuticorin and the Indian town of Kandla, according to a joint statement between AM Green Ammonia and Uniper. The first was sanctioned by the consortium in 2024 and will rise in Kakinada in Andhra Pradesh state. “First shipment is expected to happen as early as 2028 from AM Green Ammonia’s first 1 MTPA, under-construction plant in Kakinada, Andhra Pradesh”, the joint statement said. AM Green founder Anil Kumar Chalamalasetty said the deal represents “one of the first large-scale supply corridors between India and Europe”. “For Uniper, the agreement represents a significant step forward in developing a diversified portfolio of renewable and low-carbon molecules for European customers”, the joint statement said. “As a feedstock and a potential hydrogen carrier, renewable ammonia will help decarbonize industrial sectors such as chemicals, fertilizers, refining, and, over time, shipping”. The ammonia would be certified as a Renewable Fuel of Non-Biological Origin according to European Union standards, according to the joint statement. “Uniper and AM Green Ammonia will continue working with certification bodies to ensure traceability and high integrity reporting for European end-users”, the companies said. At home, Uniper recently partnered with thyssenkrupp Uhde GmbH for the construction of six commercial ammonia plants toward the establishment of a scalable hydrogen import terminal in Wilhelmshaven. On November 26, 2025, the German multinationals announced a “framework agreement” with thyssenkrupp Uhde building

Read More »

Scarborough FPU Arrives in Australia

Woodside Energy Group Ltd said Tuesday the Scarborough Energy Project’s floating production unit (FPU) had arrived at the project site offshore Western Australia. The project includes the development of the Scarborough gas field off the coast of Karratha, the construction of a second gas processing train for Pluto LNG with a capacity of five MMtpa and modifications to Pluto Train 1, according to Woodside. The FPU, built in China by Houston, Texas-headquartered McDermott International Ltd, will process gas from the field. Excluding train 1 modifications, Scarborough Energy was 91 percent complete at the end of the third quarter, according to Woodside’s quarterly report October 22, 2025. “Our focus now shifts to the hook-up and commissioning phase in preparation for production, and ultimately, first LNG cargo which is on track for the second half of this year”, Woodside acting chief executive Liz Westcott said in a statement on the company’s website Tuesday. Woodside called the FPU “one of the largest semisubmersible facilities ever constructed”. The vessel totals about 70,000 metric tons, according to Woodside. “It features advanced emissions-reduction systems and is designed to treat and compress gas for export through the trunkline”, the statement said. “It can also accommodate future tie-ins to support the development of nearby fields”. The Perth-based company expects the project to produce up to eight million metric tons a year of liquefied natural gas and supply 225 terajoules per day to the Western Australian market. Court Clearance Last year Australia’s Federal Court upheld regulatory approval of the environmental plan (EP) for Scarborough Energy, in a challenge put up by Doctors for the Environment (Australia) Inc (DEA). In a statement August 22, 2025, about the court win, Woodside noted the EP, approved by the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) in February 2025, represented the last

Read More »

Oil Jumps as Iran Tensions Escalate

Oil rose to the highest level since early December as unrest in Iran raises the specter of supply disruptions from OPEC’s fourth-biggest producer, with the Wall Street Journal reporting that President Donald Trump is leaning toward striking the country. West Texas Intermediate settled above $59 a barrel on Monday after jumping more than 6% over the past three sessions. Trump said Tehran had offered to enter negotiations with Washington over its yearslong nuclear program. But he is leaning toward authorizing military strikes against the Middle Eastern country over its treatment of protesters, the newspaper said, citing US officials familiar with the matter. Fresh political or military unrest in Iran could threaten disruption to the country’s roughly 3.3 million barrels-per-day oil production. Iran’s foreign minister repeated government claims that rioters and terrorists killed police and civilians, while footage was broadcast on state TV saying calm had been restored nationwide. “Traders must now balance odds of a smooth transition to regime change, odds of a messy transition potentially impacting oil production and exports, odds of a military confrontation or miscalculation, and odds the regime change may pivot towards a deal on US terms, which would bear the most negative implications for energy markets,” said Dan Ghali, a commodity strategist at TD Securities. The possibility of a disruption to Iran’s daily exports has tempered concerns over a global glut that caused a slump in prices and made investors increasingly bearish. The scale of risk has shown up clearest in options markets, where the skew toward bullish calls is the biggest for US crude futures since June and volatility is surging. The two weeks of protests in the country are the most significant challenge to Supreme Leader Ayatollah Ali Khamenei since a nationwide uprising in 2022. It follows a surge in oil prices during

Read More »

Masdar Secures First Power Offtake for 500 MW Angolan Portfolio

Abu Dhabi Future Energy Co PJSC (Masdar) has signed an agreement with Angola’s state-owned offtaker Rede Nacional de Transporte de Electricidade for the 150-megawatt (MW) Quipungo photovoltaic project in Huila province. “The Quipungo project represents the first contracted site under Project Royal Sable, a planned 500 MW renewable energy program across three sites that will strengthen Angola’s southern power grid and support the country’s sustainable development objectives”, Masdar said in a press release. It also marks Masdar’s first power purchase agreement (PPA) in the Central African country, according to the company. Project Royal Sable, expected to power around 300,000 homes and offer over 2,000 jobs, “reflects Masdar’s commitment to developing large-scale, bankable renewable energy infrastructure in emerging markets, supporting national energy strategies while expanding access to reliable, affordable clean power”, Masdar said. “Masdar is now the largest operator of renewables on the continent through its joint venture, Infinity Power, which currently operates 1.3 GW of solar and onshore wind power projects in South Africa, Egypt and Senegal, and has a 13.8-GW project pipeline, including battery storage and green hydrogen facilities, in various stages of development”, it added. “The addition of Project Royal Sable will contribute to Masdar’s target of 100 GW portfolio capacity by 2030”. The offtake deal was signed at the International Renewable Energy Agency assembly in Abu Dhabi, which closed Monday. Recently Masdar also signed its first PPA in Malaysia, agreeing to build what it said is Southeast Asia’s biggest floating solar plant. The 200-MW project will be installed at the Chereh Dam in Pahang state. It would be developed with Malaysian partners Citaglobal and Tiza Global, while the PPA was signed with national utility Tenaga Nasional Bhd, Masdar said in an online statement December 23, 2025. The Chereh project launches the 10-gigawatt renewable energy roadmap agreed between Masdar

Read More »

Strategists Forecast 5MM Barrel WoW USA Crude Inventory Build

In an oil and gas report sent to Rigzone late Monday by the Macquarie team, Macquarie strategists, including Walt Chancellor, revealed that they are forecasting that U.S. crude inventories will be up by 5.0 million barrels for the week ending January 9. “This follows a 3.8 million barrel draw in the prior week, with the crude balance realizing relatively close to our expectations,” the strategists said in the report. “For the week ending 1/9, from refineries, we look for a modest reduction in crude runs (-0.1 million barrels per day). Among net imports, we model a healthy increase, with exports sharply lower (-0.9 million barrels per day) and imports up slightly (+0.1 million barrels per day) on a nominal basis,” they added. The strategists stated in the report that timing of cargoes remains a source of potential volatility in the weekly crude balance. They also noted in the report that they “see some lingering potential for noise from year-end effects”. “From implied domestic supply (prod.+adj.+transfers), we look for a small nominal increase (+0.1 million barrels per day),” the Macquarie strategists went on to note. “Rounding out the picture, we anticipate another small increase (+0.2 million barrels) in SPR [Strategic Petroleum Reserve] stocks for the week ending 1/9,” they said. The Macquarie strategists also highlighted in the report that, “among products”, they “again look for another large build led by gasoline (+7.1 million barrels), with distillate (+2.4 million barrels) and jet stocks (+0.7 million barrels) also higher”. “We model implied demand for these three products at ~13.6 million barrels per day for the week ending January 9,” the strategists went on to state. In its latest weekly petroleum status report at the time of writing, which was released on January 7 and included data for the week ending January 2, the

Read More »

Trading Giants Seek Big Asia Buyers for Venezuelan Oil

Vitol Group and Trafigura Group are in talks with large Indian and Chinese refiners over potential sales of Venezuelan crude, days after they obtained a preliminary green light from the US to market the oil. The traders contacted leading Asian buyers over the weekend, according to people familiar with the matter, who asked not to be identified because they are not authorized to speak publicly. Conversations are at an early stage and no formal offers have been made, they added. Indicative price levels for the touted Venezuelan volumes, for arrival to Asia in March, were pegged at about an $8 a barrel discount to the Brent benchmark, said traders in the spot market who track regional crude flows. The global oil market is on alert for a redirection of exports from Venezuela following the US intervention earlier this month, when forces seized leader Nicolás Maduro and President Donald Trump asserted control over the nation’s energy industry. The country has the world’s largest proven crude reserves. The two trading houses, among the world’s largest, are also in talks with US refiners to gauge interest. Vitol and Trafigura declined to comment. Asia has been a vital market for Venezuela’s Merey crude through years of US sanctions and restrictions. China took the lion’s share, usually sold at a discount. After Washington’s move, Energy Secretary Chris Wright told Fox News that the US would not cut the country off from accessing Venezuelan oil. India’s Reliance Industries Ltd., meanwhile, has taken cargoes after securing a waiver, only to pause purchases last year when US President Donald Trump announced a 25 percent tariff on nations buying from the Latin American producer. Processors in India and China are now eager to explore renewed access to Venezuelan crude, potentially another source of supply in an already plentiful market. State-owned

Read More »

Uniper Places Long-Term Order for Indian Green Ammonia

Uniper SE and AM Green Ammonia India Pvt Ltd have signed a “long-term” offtake agreement for the German power and gas utility to buy up to 500,000 metric tons a year of renewable energy-produced ammonia from AM Green Ammonia’s projects. AM Green Ammonia – a consortium of India’s AM Green, Gentari of Malaysia’s Petroliam Nasional Bhd, Singaporean sovereign wealth fund GIC and the Abu Dhabi Investment Authority – is developing several plants in the Indian cities of Kakinada and Tuticorin and the Indian town of Kandla, according to a joint statement between AM Green Ammonia and Uniper. The first was sanctioned by the consortium in 2024 and will rise in Kakinada in Andhra Pradesh state. “First shipment is expected to happen as early as 2028 from AM Green Ammonia’s first 1 MTPA, under-construction plant in Kakinada, Andhra Pradesh”, the joint statement said. AM Green founder Anil Kumar Chalamalasetty said the deal represents “one of the first large-scale supply corridors between India and Europe”. “For Uniper, the agreement represents a significant step forward in developing a diversified portfolio of renewable and low-carbon molecules for European customers”, the joint statement said. “As a feedstock and a potential hydrogen carrier, renewable ammonia will help decarbonize industrial sectors such as chemicals, fertilizers, refining, and, over time, shipping”. The ammonia would be certified as a Renewable Fuel of Non-Biological Origin according to European Union standards, according to the joint statement. “Uniper and AM Green Ammonia will continue working with certification bodies to ensure traceability and high integrity reporting for European end-users”, the companies said. At home, Uniper recently partnered with thyssenkrupp Uhde GmbH for the construction of six commercial ammonia plants toward the establishment of a scalable hydrogen import terminal in Wilhelmshaven. On November 26, 2025, the German multinationals announced a “framework agreement” with thyssenkrupp Uhde building

Read More »

Scarborough FPU Arrives in Australia

Woodside Energy Group Ltd said Tuesday the Scarborough Energy Project’s floating production unit (FPU) had arrived at the project site offshore Western Australia. The project includes the development of the Scarborough gas field off the coast of Karratha, the construction of a second gas processing train for Pluto LNG with a capacity of five MMtpa and modifications to Pluto Train 1, according to Woodside. The FPU, built in China by Houston, Texas-headquartered McDermott International Ltd, will process gas from the field. Excluding train 1 modifications, Scarborough Energy was 91 percent complete at the end of the third quarter, according to Woodside’s quarterly report October 22, 2025. “Our focus now shifts to the hook-up and commissioning phase in preparation for production, and ultimately, first LNG cargo which is on track for the second half of this year”, Woodside acting chief executive Liz Westcott said in a statement on the company’s website Tuesday. Woodside called the FPU “one of the largest semisubmersible facilities ever constructed”. The vessel totals about 70,000 metric tons, according to Woodside. “It features advanced emissions-reduction systems and is designed to treat and compress gas for export through the trunkline”, the statement said. “It can also accommodate future tie-ins to support the development of nearby fields”. The Perth-based company expects the project to produce up to eight million metric tons a year of liquefied natural gas and supply 225 terajoules per day to the Western Australian market. Court Clearance Last year Australia’s Federal Court upheld regulatory approval of the environmental plan (EP) for Scarborough Energy, in a challenge put up by Doctors for the Environment (Australia) Inc (DEA). In a statement August 22, 2025, about the court win, Woodside noted the EP, approved by the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) in February 2025, represented the last

Read More »

Oil Jumps as Iran Tensions Escalate

Oil rose to the highest level since early December as unrest in Iran raises the specter of supply disruptions from OPEC’s fourth-biggest producer, with the Wall Street Journal reporting that President Donald Trump is leaning toward striking the country. West Texas Intermediate settled above $59 a barrel on Monday after jumping more than 6% over the past three sessions. Trump said Tehran had offered to enter negotiations with Washington over its yearslong nuclear program. But he is leaning toward authorizing military strikes against the Middle Eastern country over its treatment of protesters, the newspaper said, citing US officials familiar with the matter. Fresh political or military unrest in Iran could threaten disruption to the country’s roughly 3.3 million barrels-per-day oil production. Iran’s foreign minister repeated government claims that rioters and terrorists killed police and civilians, while footage was broadcast on state TV saying calm had been restored nationwide. “Traders must now balance odds of a smooth transition to regime change, odds of a messy transition potentially impacting oil production and exports, odds of a military confrontation or miscalculation, and odds the regime change may pivot towards a deal on US terms, which would bear the most negative implications for energy markets,” said Dan Ghali, a commodity strategist at TD Securities. The possibility of a disruption to Iran’s daily exports has tempered concerns over a global glut that caused a slump in prices and made investors increasingly bearish. The scale of risk has shown up clearest in options markets, where the skew toward bullish calls is the biggest for US crude futures since June and volatility is surging. The two weeks of protests in the country are the most significant challenge to Supreme Leader Ayatollah Ali Khamenei since a nationwide uprising in 2022. It follows a surge in oil prices during

Read More »

Oil Jumps as Iran Tensions Escalate

Oil rose to the highest level since early December as unrest in Iran raises the specter of supply disruptions from OPEC’s fourth-biggest producer, with the Wall Street Journal reporting that President Donald Trump is leaning toward striking the country. West Texas Intermediate settled above $59 a barrel on Monday after jumping more than 6% over the past three sessions. Trump said Tehran had offered to enter negotiations with Washington over its yearslong nuclear program. But he is leaning toward authorizing military strikes against the Middle Eastern country over its treatment of protesters, the newspaper said, citing US officials familiar with the matter. Fresh political or military unrest in Iran could threaten disruption to the country’s roughly 3.3 million barrels-per-day oil production. Iran’s foreign minister repeated government claims that rioters and terrorists killed police and civilians, while footage was broadcast on state TV saying calm had been restored nationwide. “Traders must now balance odds of a smooth transition to regime change, odds of a messy transition potentially impacting oil production and exports, odds of a military confrontation or miscalculation, and odds the regime change may pivot towards a deal on US terms, which would bear the most negative implications for energy markets,” said Dan Ghali, a commodity strategist at TD Securities. The possibility of a disruption to Iran’s daily exports has tempered concerns over a global glut that caused a slump in prices and made investors increasingly bearish. The scale of risk has shown up clearest in options markets, where the skew toward bullish calls is the biggest for US crude futures since June and volatility is surging. The two weeks of protests in the country are the most significant challenge to Supreme Leader Ayatollah Ali Khamenei since a nationwide uprising in 2022. It follows a surge in oil prices during

Read More »

Democrats Put Alaska Senate Seat in Play

Former Alaska Representative Mary Peltola launched a campaign Monday to challenge Republican Dan Sullivan for one of Alaska’s Senate seats, putting the race in play for Democrats in November’s midterms.  “Systemic change is the only way to bring down grocery costs, save our fisheries, lower energy prices and build new housing Alaskans can afford,” Peltola said in a video announcing her candidacy. “No one from the Lower 48 is coming to save us, but I know this in my bones, there is no group of people more ready to save ourselves than Alaskans.”  Peltola held Alaska’s sole House seat until narrowly losing to a Republican in 2024. Democrats for months tried to recruit Peltola, who was also considering a bid for governor.  While President Donald Trump won Alaska by 13 points in 2024, the state’s down-ballot politics are often more issue-based than ideological. Peltola, an Alaskan Native, ran her previous campaigns on “fish, family and freedom” as a way to frame positions on issues like health care, taxes and abortion that are in line with the Democratic mainstream — as well as support for oil drilling and gun ownership that can be at odds with the rest of her party.  Early polling shows Sullivan vulnerable to a Peltola challenge, and Republicans across the country are preparing for midterms that have historically been difficult for the party in power. Democrats need to net four seats to take back the Senate majority.  Alaskans who get health insurance through the Affordable Care Act face some of the highest premiums in America after this month’s expiration of Biden-era subsidies. Sullivan, who had previously sought to repeal the ACA, voted last month to start debate on a Democratic proposal to extend expanded ACA subsidies for three years. The state, which already faces high prices for

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Trump Says He’s Inclined to Exclude XOM From Venezuela

(Update) January 12, 2026, 4:24 PM GMT: Article updated. Adds shares in the fifth paragraph. President Donald Trump signaled he’s leaning toward excluding Exxon Mobil Corp. from his push for US oil majors to rebuild Venezuela’s petroleum industry, saying he was displeased with the company’s response to his initiative. “I’d probably be inclined to keep Exxon out,” Trump told reporters late Sunday aboard the presidential plane on the way back to Washington from his Florida estate. “I didn’t like their response. They’re playing too cute.” Trump appeared to be referring to a White House meeting on Friday with almost 20 oil industry executives, where Exxon Chief Executive Officer Darren Woods expressed some of the strongest reservations and described Venezuela as “uninvestable.” The president’s latest comments also highlight the challenge of persuading the US oil industry to commit to an ambitious reconstruction of Venezuela’s once-mighty energy sector, which he announced within hours of the capture of former President Nicolás Maduro. Exxon shares fell as much as 1.7% Monday as crude futures were little changed.  Reviving the oil industry and undoing years of underinvestment and mismanagement would, by some estimates, require $100 billion and take a decade. Despite US moves over the past week to take full control of Venezuelan oil exports, many questions remain over how major investment on the ground could be guaranteed over such a protracted period in a country beset by corruption and insecurity. When asked Sunday which backstops or guarantees he had told oil companies he was willing to provide, Trump said: “Guarantees that they’re going to be safe, that there’s going to be no problem. And there won’t be.” Trump didn’t specify in what way he might seek to exclude Exxon. The company didn’t immediately respond to a request for comment outside of US office hours.

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North America Adds Almost 100 Rigs Week on Week

North America added 94 rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was published on January 9. Although the total U.S. rig count dropped by two week on week, the total Canada rig count increased by 96 during the same period, pushing the total North America rig count up to 741, comprising 544 rigs from the U.S. and 197 rigs from Canada, the count outlined. Of the total U.S. rig count of 544, 525 rigs are categorized as land rigs, 16 are categorized as offshore rigs, and three are categorized as inland water rigs. The total U.S. rig count is made up of 409 oil rigs, 124 gas rigs, and 11 miscellaneous rigs, according to Baker Hughes’ count, which revealed that the U.S. total comprises 475 horizontal rigs, 57 directional rigs, and 12 vertical rigs. Week on week, the U.S. land rig count dropped by two, and its offshore and inland water rig counts remained unchanged, Baker Hughes highlighted. The U.S. oil rig count dropped by three week on week, its gas rig count dropped by one, and its miscellaneous rig count increased by two week on week, the count showed. The U.S. horizontal rig count dropped by one, its vertical rig count dropped by two, and its directional rig count increased by one, week on week, the count revealed. A major state variances subcategory included in the rig count showed that, week on week, Louisiana dropped three rigs, and New Mexico, North Dakota, Texas, and Wyoming each dropped one rig. Utah added four rigs and Colorado added one rig week on week, the count highlighted. A major basin variances subcategory included in the rig count showed that, week on week, the Permian basin dropped three rigs, the Haynesville, Mississippian, and Williston basins

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Intensity, Rainbow Near FID on North Dakota Gas Pipeline

Intensity Infrastructure Partners LLC and power producer Rainbow Energy Center LLC have indicated they are nearing a positive final investment decision (FID) on a new pipeline project to bring Bakken natural gas to eastern North Dakota. “[T]he firm transportation commitments contained in executed precedent agreements are sufficient to underpin the decision to advance Phase I of their 36-inch natural gas pipeline in North Dakota, reflecting growing confidence in the region’s long-term power and industrial demand outlook”, the companies said in a joint statement. “This approach establishes a scalable, dispatchable power and gas delivery hub capable of adapting to evolving market conditions, supporting sustained data center growth, grid reliability needs and long-term industrial development across North Dakota”. “The system will provide reliable natural gas supply through multiple receipt points, including Northern Border Pipeline, WBI Energy’s existing transmission and storage network, and direct connections to six Bakken natural gas processing plants, creating a highly integrated supply platform from Bakken and Canadian production”, the online statement added. “The pipeline is designed to operate without compression fuel surcharges, reducing operational complexity while enhancing reliability and tariff transparency for shippers. “Uncommitted capacity on phase I supports incremental gas-fired generation along the planned pipeline corridor and at Coal Creek Station, leveraging existing power transmission infrastructure, a strategic geographic location and a proven operating platform. “The 36-inch pipeline enables future throughput increases without the need for duplicative greenfield infrastructure as demand continues to develop”. Rainbow chief executive Stacy Tschider said, “By leveraging established assets like Coal Creek and integrating directly with basin supply and interstate systems, this project is positioned to meet near-term needs while remaining expandable for the next generation of load growth”. The project would proceed in two phases. Phase 1 would build a 136-mile, 36-inch pipeline with a capacity of about 1.1 million dekatherms a day (Dthd). The phase 1 line would

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WoodMac Sees USA Tight Oil Output Shrinking in 2026

In an insight report released recently, analysts at Wood Mackenzie outlined that U.S. tight oil production “will shrink without a crash event for the first time” in 2026. “Holding oil production flat in the U.S. today requires over two million barrels per day of new supply,” the analysts said in the report. “We expect output to fall by 200,000 barrels per day in 2026 with WTI prices 20 percent lower than 2025,” they added. “This signal could change market mentality and bolster international conventional investment plans. But caution is still needed. That 2026 tight oil deficit is filled by Guyana alone, and U.S. liquids will return to growth in 2028,” the Wood Mackenzie analysts continued. In its latest short term energy outlook (STEO) at the time of writing, which was released back in December 2025, the U.S. Energy Information Administration (EIA) showed that Lower 48 States crude oil production, including lease condensate and excluding the Gulf of America, would drop from an average of 11.29 million barrels per day in 2025 to an average of 11.11 million barrels per day in 2026. This production came in at 11.03 million barrels per day in 2024, the EIA’s December STEO highlighted. Total U.S. crude oil production, including lease condensate, was projected to drop from an average of 13.61 million barrels per day in 2025 to an average of 13.53 million barrels per day in 2026 in that STEO. Total U.S. crude oil output, including lease condensate, averaged 13.23 million barrels per day in 2024, the EIA’s latest STEO at the time of writing showed. The EIA’s next STEO is scheduled to be released on January 13. In the Wood Mackenzie report, the analysts also predicted a shale gas “renaissance” in the U.S. this year. “As LNG FIDs have come thick and fast,

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National Grid, Con Edison urge FERC to adopt gas pipeline reliability requirements

The Federal Energy Regulatory Commission should adopt reliability-related requirements for gas pipeline operators to ensure fuel supplies during cold weather, according to National Grid USA and affiliated utilities Consolidated Edison Co. of New York and Orange and Rockland Utilities. In the wake of power outages in the Southeast and the near collapse of New York City’s gas system during Winter Storm Elliott in December 2022, voluntary efforts to bolster gas pipeline reliability are inadequate, the utilities said in two separate filings on Friday at FERC. The filings were in response to a gas-electric coordination meeting held in November by the Federal-State Current Issues Collaborative between FERC and the National Association of Regulatory Utility Commissioners. National Grid called for FERC to use its authority under the Natural Gas Act to require pipeline reliability reporting, coupled with enforcement mechanisms, and pipeline tariff reforms. “Such data reporting would enable the commission to gain a clearer picture into pipeline reliability and identify any problematic trends in the quality of pipeline service,” National Grid said. “At that point, the commission could consider using its ratemaking, audit, and civil penalty authority preemptively to address such identified concerns before they result in service curtailments.” On pipeline tariff reforms, FERC should develop tougher provisions for force majeure events — an unforeseen occurence that prevents a contract from being fulfilled — reservation charge crediting, operational flow orders, scheduling and confirmation enhancements, improved real-time coordination, and limits on changes to nomination rankings, National Grid said. FERC should support efforts in New England and New York to create financial incentives for gas-fired generators to enter into winter contracts for imported liquefied natural gas supplies, or other long-term firm contracts with suppliers and pipelines, National Grid said. Con Edison and O&R said they were encouraged by recent efforts such as North American Energy Standard

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US BOEM Seeks Feedback on Potential Wind Leasing Offshore Guam

The United States Bureau of Ocean Energy Management (BOEM) on Monday issued a Call for Information and Nominations to help it decide on potential leasing areas for wind energy development offshore Guam. The call concerns a contiguous area around the island that comprises about 2.1 million acres. The area’s water depths range from 350 meters (1,148.29 feet) to 2,200 meters (7,217.85 feet), according to a statement on BOEM’s website. Closing April 7, the comment period seeks “relevant information on site conditions, marine resources, and ocean uses near or within the call area”, the BOEM said. “Concurrently, wind energy companies can nominate specific areas they would like to see offered for leasing. “During the call comment period, BOEM will engage with Indigenous Peoples, stakeholder organizations, ocean users, federal agencies, the government of Guam, and other parties to identify conflicts early in the process as BOEM seeks to identify areas where offshore wind development would have the least impact”. The next step would be the identification of specific WEAs, or wind energy areas, in the larger call area. BOEM would then conduct environmental reviews of the WEAs in consultation with different stakeholders. “After completing its environmental reviews and consultations, BOEM may propose one or more competitive lease sales for areas within the WEAs”, the Department of the Interior (DOI) sub-agency said. BOEM Director Elizabeth Klein said, “Responsible offshore wind development off Guam’s coast offers a vital opportunity to expand clean energy, cut carbon emissions, and reduce energy costs for Guam residents”. Late last year the DOI announced the approval of the 2.4-gigawatt (GW) SouthCoast Wind Project, raising the total capacity of federally approved offshore wind power projects to over 19 GW. The project owned by a joint venture between EDP Renewables and ENGIE received a positive Record of Decision, the DOI said in

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Biden Bars Offshore Oil Drilling in USA Atlantic and Pacific

President Joe Biden is indefinitely blocking offshore oil and gas development in more than 625 million acres of US coastal waters, warning that drilling there is simply “not worth the risks” and “unnecessary” to meet the nation’s energy needs.  Biden’s move is enshrined in a pair of presidential memoranda being issued Monday, burnishing his legacy on conservation and fighting climate change just two weeks before President-elect Donald Trump takes office. Yet unlike other actions Biden has taken to constrain fossil fuel development, this one could be harder for Trump to unwind, since it’s rooted in a 72-year-old provision of federal law that empowers presidents to withdraw US waters from oil and gas leasing without explicitly authorizing revocations.  Biden is ruling out future oil and gas leasing along the US East and West Coasts, the eastern Gulf of Mexico and a sliver of the Northern Bering Sea, an area teeming with seabirds, marine mammals, fish and other wildlife that indigenous people have depended on for millennia. The action doesn’t affect energy development under existing offshore leases, and it won’t prevent the sale of more drilling rights in Alaska’s gas-rich Cook Inlet or the central and western Gulf of Mexico, which together provide about 14% of US oil and gas production.  The president cast the move as achieving a careful balance between conservation and energy security. “It is clear to me that the relatively minimal fossil fuel potential in the areas I am withdrawing do not justify the environmental, public health and economic risks that would come from new leasing and drilling,” Biden said. “We do not need to choose between protecting the environment and growing our economy, or between keeping our ocean healthy, our coastlines resilient and the food they produce secure — and keeping energy prices low.” Some of the areas Biden is protecting

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Biden Admin Finalizes Hydrogen Tax Credit Favoring Cleaner Production

The Biden administration has finalized rules for a tax incentive promoting hydrogen production using renewable power, with lower credits for processes using abated natural gas. The Clean Hydrogen Production Credit is based on carbon intensity, which must not exceed four kilograms of carbon dioxide equivalent per kilogram of hydrogen produced. Qualified facilities are those whose start of construction falls before 2033. These facilities can claim credits for 10 years of production starting on the date of service placement, according to the draft text on the Federal Register’s portal. The final text is scheduled for publication Friday. Established by the 2022 Inflation Reduction Act, the four-tier scheme gives producers that meet wage and apprenticeship requirements a credit of up to $3 per kilogram of “qualified clean hydrogen”, to be adjusted for inflation. Hydrogen whose production process makes higher lifecycle emissions gets less. The scheme will use the Energy Department’s Greenhouse Gases, Regulated Emissions and Energy Use in Transportation (GREET) model in tiering production processes for credit computation. “In the coming weeks, the Department of Energy will release an updated version of the 45VH2-GREET model that producers will use to calculate the section 45V tax credit”, the Treasury Department said in a statement announcing the finalization of rules, a process that it said had considered roughly 30,000 public comments. However, producers may use the GREET model that was the most recent when their facility began construction. “This is in consideration of comments that the prospect of potential changes to the model over time reduces investment certainty”, explained the statement on the Treasury’s website. “Calculation of the lifecycle GHG analysis for the tax credit requires consideration of direct and significant indirect emissions”, the statement said. For electrolytic hydrogen, electrolyzers covered by the scheme include not only those using renewables-derived electricity (green hydrogen) but

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Xthings unveils Ulticam home security cameras powered by edge AI

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Xthings announced that its Ulticam security camera brand has a new model out today: the Ulticam IQ Floodlight, an edge AI-powered home security camera. The company also plans to showcase two additional cameras, Ulticam IQ, an outdoor spotlight camera, and Ulticam Dot, a portable, wireless security camera. All three cameras offer free cloud storage (seven days rolling) and subscription-free edge AI-powered person detection and alerts. The AI at the edge means that it doesn’t have to go out to an internet-connected data center to tap AI computing to figure out what is in front of the camera. Rather, the processing for the AI is built into the camera itself, and that sets a new standard for value and performance in home security cameras. It can identify people, faces and vehicles. CES 2025 attendees can experience Ulticam’s entire lineup at Pepcom’s Digital Experience event on January 6, 2025, and at the Venetian Expo, Halls A-D, booth #51732, from January 7 to January 10, 2025. These new security cameras will be available for purchase online in the U.S. in Q1 and Q2 2025 at U-tec.com, Amazon, and Best Buy. The Ulticam IQ Series: smart edge AI-powered home security cameras Ulticam IQ home security camera. The Ulticam IQ Series, which includes IQ and IQ Floodlight, takes home security to the next level with the most advanced AI-powered recognition. Among the very first consumer cameras to use edge AI, the IQ Series can quickly and accurately identify people, faces and vehicles, without uploading video for server-side processing, which improves speed, accuracy, security and privacy. Additionally, the Ulticam IQ Series is designed to improve over time with over-the-air updates that enable new AI features. Both cameras

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Intel unveils new Core Ultra processors with 2X to 3X performance on AI apps

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Intel unveiled new Intel Core Ultra 9 processors today at CES 2025 with as much as two or three times the edge performance on AI apps as before. The chips under the Intel Core Ultra 9 and Core i9 labels were previously codenamed Arrow Lake H, Meteor Lake H, Arrow Lake S and Raptor Lake S Refresh. Intel said it is pushing the boundaries of AI performance and power efficiency for businesses and consumers, ushering in the next era of AI computing. In other performance metrics, Intel said the Core Ultra 9 processors are up to 5.8 times faster in media performance, 3.4 times faster in video analytics end-to-end workloads with media and AI, and 8.2 times better in terms of performance per watt than prior chips. Intel hopes to kick off the year better than in 2024. CEO Pat Gelsinger resigned last month without a permanent successor after a variety of struggles, including mass layoffs, manufacturing delays and poor execution on chips including gaming bugs in chips launched during the summer. Intel Core Ultra Series 2 Michael Masci, vice president of product management at the Edge Computing Group at Intel, said in a briefing that AI, once the domain of research labs, is integrating into every aspect of our lives, including AI PCs where the AI processing is done in the computer itself, not the cloud. AI is also being processed in data centers in big enterprises, from retail stores to hospital rooms. “As CES kicks off, it’s clear we are witnessing a transformative moment,” he said. “Artificial intelligence is moving at an unprecedented pace.” The new processors include the Intel Core 9 Ultra 200 H/U/S models, with up to

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10 Breakthrough Technologies 2026

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Why some “breakthrough” technologies don’t work out

Every year, MIT Technology Review publishes a list of 10 Breakthrough Technologies. In fact, the 2026 version is out today. This marks the 25th year the newsroom has compiled this annual list, which means its journalists and editors have now identified 250 technologies as breakthroughs.  A few years ago, editor at large David Rotman revisited the publication’s original list, finding that while all the technologies were still relevant, each had evolved and progressed in often unpredictable ways. I lead students through a similar exercise in a graduate class I teach with James Scott for MIT’s School of Architecture and Planning.  We ask these MIT students to find some of the “flops” from breakthrough lists in the archives and consider what factors or decisions led to their demise, and then to envision possible ways to “flip” the negative outcome into a success. The idea is to combine critical perspective and creativity when thinking about technology. Although it’s less glamorous than envisioning which advances will change our future, analyzing failed technologies is equally important. It reveals how factors outside what is narrowly understood as technology play a role in its success—factors including cultural context, social acceptance, market competition, and simply timing.
In some cases, the vision behind a breakthrough was prescient but the technology of the day was not the best way to achieve it. Social TV (featured on the list in 2010) is an example: Its advocates proposed different ways to tie together social platforms and streaming services to make it easier to chat or interact with your friends while watching live TV shows when you weren’t physically together.  This idea rightly reflected the great potential for connection in this modern era of pervasive cell phones, broadband, and Wi-Fi. But it bet on a medium that was in decline: live TV. 
Still, anyone who had teenage children during the pandemic can testify to the emergence of a similar phenomenon—youngsters started watching movies or TV series simultaneously on streaming platforms while checking comments on social media feeds and interacting with friends over messaging apps.  Shared real-time viewing with geographically scattered friends did catch on, but instead of taking place through one centralized service, it emerged organically on multiple platforms and devices. And the experience felt unique to each group of friends, because they could watch whatever they wanted, whenever they wanted, independent of the live TV schedule. Evaluating the record Here are a few more examples of flops from the breakthroughs list that students in the 2025 edition of my course identified, and the lessons that we could take from each. The DNA app store (from the 2016 list) was selected by Kaleigh Spears. It seemed like a great deal at the time—a startup called Helix could sequence your genome for just $80. Then, in the company’s app store, you could share that data with third parties that promised to analyze it for relevant medical info, or make it into fun merch. But Helix has since shut down the store and no longer sells directly to consumers.Privacy concerns and doubts about the accuracy of third-party apps were among the main reasons the service didn’t catch on, particularly since there’s minimal regulation of health apps in the US.  Elvis Chipiro picked universal memory (from the 2005 list). The vision was for one memory tech to rule them all—flash, random-access memory, and hard disk drives would be subsumed by a new method that relied on tiny structures called carbon nanotubes to store far more bits per square centimeter. The company behind the technology, Nantero, raised significant funds and signed on licensing partners but struggled to deliver a product on its stated timeline.Nantero ran into challenges when it tried to produce its memory at scale because tiny variations in the way the nanotubes were arranged could cause errors. It also proved difficult to upend memory technologies that were already deeply embedded within the industry and well integrated into fabs.   Light-field photography (from the 2012 list), chosen by Cherry Tang, let you snap a photo and adjust the image’s focus later. You’d never deal with a blurry photo ever again. To make this possible, the startup Lytro had developed a special camera that captured not just the color and intensity of light but also the angle of its rays. It was one of the first cameras of its kind designed for consumers. Even so, the company shut down in 2018. Lytro’s unique light-field camera was ultimately not successful with consumers.PUBLIC DOMAIN/WIKIMEDIA COMMONS Ultimately, Lytro was outmatched by well-established incumbents like Sony and Nokia. The camera itself had a tiny display, and the images it produced were fairly low resolution. Readjusting the focus in images using the company’s own software also required a fair amount of manual work. And smartphones—with their handy built-in cameras—were becoming ubiquitous.  Many students over the years have selected Project Loon (from the 2015 list)—one of the so-called “moonshots” out of Google X. It proposed using gigantic balloons to replace networks of cell-phone towers to provide internet access, mainly in remote areas. The company completed field tests in multiple countries and even provided emergency internet service to Puerto Rico during the aftermath of Hurricane Maria. But the company shut down the project in 2021, with Google X CEO Astro Teller saying in a blog post that “the road to commercial viability has proven much longer and riskier than hoped.” 

Sean Lee, from my 2025 class, saw the reason for its flop in the company’s very mission: Project Loon operated in low-income regions where customers had limited purchasing power. There were also substantial commercial hurdles that may have slowed development—the company relied on partnerships with local telecom providers to deliver the service and had to secure government approvals to navigate in national airspaces.  One of Project Loon’s balloons on display at Google I/O 2016.ANDREJ SOKOLOW/PICTURE-ALLIANCE/DPA/AP IMAGES While this specific project did not become a breakthrough, the overall goal of making the internet more accessible through high-altitude connectivity has been carried forward by other companies, most notably Starlink with its constellation of low-orbit satellites. Sometimes a company has the right idea but the wrong approach, and a firm with a different technology can make more progress. As part of this class exercise, we also ask students to pick a technology from the list that they think might flop in the future. Here, too, their choices can be quite illuminating.  Lynn Grosso chose synthetic data for AI (a 2022 pick), which means using AI to generate data that mimics real-world patterns for other AI models to train on. Though it’s become more popular as tech companies have run out of real data to feed their models, she points out that this practice can lead to model collapse, with AI models trained exclusively on generated data eventually breaking the connection to data drawn from reality.  And Eden Olayiwole thinks the long-term success of TikTok’s recommendation algorithm (a 2021 pick) is in jeopardy as awareness grows of the technology’s potential harms and its tendency to, as she puts it, incentive creators to “microwave” ideas for quick consumption.  But she also offers a possible solution. Remember—we asked all the students what they would do to “flip” the flopped (or soon-to-flop) technologies they selected. The idea was to prompt them to think about better ways of building or deploying these tools.  For TikTok, Olayiwole suggests letting users indicate which types of videos they want to see more of, instead of feeding them an endless stream based on their past watching behavior. TikTok already lets users express interest in specific topics, but she proposes taking it a step further to give them options for content and tone—allowing them to request more educational videos, for example, or more calming content.  What did we learn? It’s always challenging to predict how a technology will shape a future that itself is in motion. Predictions not only make a claim about the future; they also describe a vision of what matters to the predictor, and they can influence how we behave, innovate, and invest.
One of my main takeaways after years of running this exercise with students is that there’s not always a clear line between a successful breakthrough and a true flop. Some technologies may not have been successful on their own but are the basis of other breakthrough technologies (natural-language processing, 2001). Others may not have reached their potential as expected but could still have enormous impact in the future (brain-machine interfaces, 2001). Or they may need more investment, which is difficult to attract when they are not flashy (malaria vaccine, 2022).  Despite the flops over the years, this annual practice of making bold and sometimes risky predictions is worthwhile. The list gives us a sense of what advances are on the technology community’s radar at a given time and reflects the economic, social, and cultural values that inform every pick. When we revisit the 2026 list in a few years, we’ll see which of today’s values have prevailed.  Fabio Duarte is associate director and principal research scientist at the MIT Senseable City Lab.

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The astronaut training tourists to fly in the world’s first commercial space station

For decades, space stations have been largely staffed by professional astronauts and operated by a handful of nations. But that’s about to change in the coming years, as companies including Axiom Space and Sierra Space launch commercial space stations that will host tourists and provide research facilities for nations and other firms.  The first of those stations could be Haven-1, which the California-based company Vast aims to launch in May 2026. If all goes to plan, its earliest paying visitors will arrive about a month later. Drew Feustel, a former NASA astronaut, will help train them and get them up to speed ahead of their historic trip. Feustel has spent 226 days in space on three trips to the International Space Station (ISS) and the Hubble Space Telescope.  Feustel is now lead astronaut for Vast, which he advised on the new station’s interior design. He also created a months-long program to prepare customers to live and work there. Crew members (up to four at a time) will arrive at Haven-1 via a SpaceX Dragon spacecraft, which will dock to the station and remain attached throughout each 10-day stay. (Vast hasn’t publicly said who will fly on its first missions or announced the cost of a ticket, though competing firms have charged tens of millions of dollars for similar trips.) In this artist’s rendering, the Haven-1 space station is shown in orbit docked with the SpaceX Dragon spacecraft. Haven-1 is intended as a temporary facility, to be followed by a bigger, permanent station called Haven-2. Vast will begin launching Haven-2’s modules in 2028 and says it will be able to support a crew by 2030. That’s about when NASA will start decommissioning the ISS, which has operated for almost 30 years. Instead of replacing it, NASA and its partners intend to carry out research aboard commercial stations like those built by Vast, Axiom, and Sierra. 
I recently caught up with Feustel in Lisbon at the tech conference Web Summit, where he was speaking about his role at Vast and the company’s ambitions.  Responses have been edited and condensed. 
What are you hoping this new wave of commercial space stations will enable people to do? Ideally, we’re creating access. The paradigm that we’ve seen for 25 years is primarily US-backed missions to the International Space Station, and [NASA] operating that station in coordination with other nations. But [it’s] still limited to 16 or 17 primary partners in the ISS program.  Following NASA’s intentions, we are planning to become a service provider to not only the US government, but other sovereign nations around the world, to allow greater access to a low-Earth-orbit platform. We can be a service provider to other organizations and nations that are planning to build a human spaceflight program. Today, you’re Vast’s lead astronaut after you were initially brought on to advise the company on the design of Haven-1 and Haven-2. What are some of the things that you’ve weighed in on?  Some of the things where I can see tangible evidence of my work is, for example, in the sleep cores and sleep system—trying to define a more comfortable way for astronauts to sleep. We’ve come up with an air bladder system that provides distributed forces on the body that kind of emulate, or I believe will emulate, the gravity field that we feel in bed when we lie down, having that pressure of gravity on you.  Oh, like a weighted blanket?  Kind of like a weighted blanket, but you’re up against the wall, so you have to create, like, an inflatable bladder that will push you against the wall. That’s one of the very tangible, obvious things. But I work with the company on anything from crew displays and interfaces and how notifications and system information come through to how big a window should be.  How big should a window be? I feel like the bigger the better—but what are the factors that go into that, from an astronaut’s perspective? 

The bigger the better. And the other thing to think about is—what do you do with the window? Take pictures. The ability to take photos out a window is important—the quality of the window, which direction it points. You know, it’s not great if it’s just pointing up in space all the time and you never see the Earth.  You’re also in charge of the astronaut training program at Vast. Tell me what that program looks like, because in some cases you’ll have private citizens who are paying for their trip that have no experience whatsoever. A typical training flow for two weeks on our space station is extended out to about an 11-month period with gaps in between each of the training weeks. And so if you were to press that down together, it probably represents about three to four months of day-to-day training.  I would say half of it’s devoted to learning how to fly on the SpaceX Dragon, because that’s our transportation, and the greatest risk for anybody flying is on launch and landing. We want people to understand how to operate in that spacecraft, and that component is designed by SpaceX. They have their own training plans.  What we do is kind of piggyback on those weeks. If a crew shows up in California to train at SpaceX, we’ll grab them that same week and say, “Come down to our facility. We will train you to operate inside our spacecraft.” Much of that is focused on emergency response. We want the crew to be able to keep themselves safe. In case anything happens on the vehicle that requires them to depart, to get back in the SpaceX Dragon and leave, we want to make sure that they understand all of the steps required.  Another part is day-to-day living, like—how do you eat? How do you sleep, how do you use the bathroom? Those are really important things. How do you download the pictures after you take them? How do you access your science payloads that are in our payload racks that provide data and telemetry for the research you’re doing?  We want to practice every one of those things multiple times, including just taking care of yourself, before you go to space so that when you get there, you’ve built a lot of that into your muscle memory, and you can just do the things you need to do instead of every day being like a really steep learning curve. Strawberries and other perishable foods are freeze-dried by the Vast Food Systems team to prepare them for missions. Making coffee in a zero-gravity environment calls for specialized devices. Do you have a facility where you’ll take people through some of these motions? Or a virtual simulation of some kind? 
We have built a training mock-up, an identical vehicle to what people will live in in space. But it’s not in a zero-gravity environment. The only way to get any similar training is to fly on what we call a zero-g airplane, which does parabolas in space—it climbs up and then falls toward the Earth. Its nickname is the vomit comet.  But otherwise, there’s really no way to train for microgravity. You just have to watch videos and talk about it a lot, and try to prepare people mentally for what that’s going to be like. You can also train underwater, but that’s more related to spacewalking, and it’s much more advanced. 
How do you expect people will spend their time in the station?  If history is any indication, they will be quite busy and probably oversubscribed. Their time will be spent basically caring for themselves, and trying to execute their experiments, and looking out the window. Those are the three big categories of what you’re going to do in space. And public relation activities like outreach back to Earth, to schools or hospitals or corporations.  This new era means that many more everyday people—though mostly wealthy ones at the beginning, because of ticket prices—will have this interesting view of Earth. How do you think the average person will react to that?  A good analogy is to say, how are people reacting to sub-orbital flights? Blue Origin and Virgin Galactic offer suborbital flights, [which are] basically three or four minutes of floating and looking down at the Earth from an altitude that’s about a third or a fifth of the altitude that actual orbital and career astronauts achieve when they circle the planet.  Shown here is Vast’s Haven-1 station as it completes testing in the Mojave Desert in 2025. If you look at the reaction of those individuals and what they perceive, it’s amazing, right? It’s like awe and wonder. It’s the same way that astronauts react and talk when we see Earth—and say if more humans could see Earth from space, we’d probably be a little bit better about being humans on Earth.  That’s the hope, is that we create that access and more people can understand what it means to live on this planet. It’s essentially a spacecraft—it’s got its own environmental control system that keeps us alive, and that’s a big deal. 
Some people have expressed ambitions for this kind of station to enable humans to become a multiplanetary species. Do you share that ambition for our species? If so, why?  Yeah, I do. I just believe that humans need to have the ability to live off of the planet. I mean, we’re capable of it, and we’re creating that access now. So why wouldn’t we explore space and go further and farther and learn to live in other areas? Not to say that we should deplete everything here and deplete everything there. But maybe we take some of the burden off of the place that we call home. I think there’s a lot of reasons to live and work in space and off our own planet.  There’s not really a backup plan for no Earth. We know that there are risks from the space around us—dinosaurs fell prey to space hazards. We should be aware of those and work harder to extend our capabilities and create some backup plans. 

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The Download: the case for AI slop, and helping CRISPR fulfill its promise

This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. How I learned to stop worrying and love AI slop —Caiwei Chen If I were to locate the moment AI slop broke through into popular consciousness, I’d pick the video of rabbits bouncing on a trampoline that went viral last summer. For many savvy internet users, myself included, it was the first time we were fooled by an AI video, and it ended up spawning a wave of almost identical generated clips.
My first reaction was that, broadly speaking, all of this sucked. That’s become a familiar refrain, in think pieces and at dinner parties. Everything online is slop now—the internet “enshittified,” with AI taking much of the blame. Initially, I largely agreed. But then friends started sharing AI clips in group chats that were compellingly weird, or funny. Some even had a grain of brilliance.  I had to admit I didn’t fully understand what I was rejecting—what I found so objectionable. To try to get to the bottom of how I felt (and why), I spoke to the people making the videos, a company creating bespoke tools for creators, and experts who study how new media becomes culture. What I found convinced me that maybe generative AI will not end up ruining everything after all. Read the full story.
A new CRISPR startup is betting regulators will ease up on gene-editingHere at MIT Technology Review we’ve been writing about the gene-editing technology CRISPR since 2013, calling it the biggest biotech breakthrough of the century. Yet so far, there’s been only one gene-editing drug approved, and it’s been used commercially on only about 40 patients, all with sickle-cell disease.It’s becoming clear that the impact of CRISPR isn’t as big as we all hoped. In fact, there’s a pall of discouragement over the entire field—with some journalists saying the gene-editing revolution has “lost its mojo.”So what will it take for CRISPR to help more people? A new startup says the answer could be an “umbrella approach” to testing and commercializing treatments which could avoid costly new trials or approvals for every new version. Read the full story. —Antonio Regalado America’s new dietary guidelines ignore decades of scientific research The first days of 2026 have brought big news for health. On Wednesday, health secretary Robert F. Kennedy Jr. and his colleagues at the Departments of Health and Human Services and Agriculture unveiled new dietary guidelines for Americans. And they are causing a bit of a stir.That’s partly because they recommend products like red meat, butter, and beef tallow—foods that have been linked to cardiovascular disease, and that nutrition experts have been recommending people limit in their diets.These guidelines are a big deal—they influence food assistance programs and school lunches, for example. Let’s take a look at the good, the bad, and the ugly advice being dished up to Americans by their government. —Jessica Hamzelou This article first appeared in The Checkup, MIT Technology Review’s weekly biotech newsletter. To receive it in your inbox every Thursday, and read articles like this first, sign up here.

The must-reads I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology. 1 Grok has switched off its image-generating function for most usersFollowing a global backlash to its sexualized pictures of women and children. (The Guardian)+ Elon Musk has previously lamented the “guardrails” around the chatbot. (CNN)+ XAI has been burning through cash lately. (Bloomberg $) 2 Online sleuths tried to use AI to unmask the ICE agent who killed a womanThe problem is, its results are far from reliable. (WP $)+ The Trump administration is pushing videos of the incident filmed from a specific angle. (The Verge)+ Minneapolis is struggling to make sense of the shooting of Renee Nicole Good. (WSJ $)3 Smartphones and PCs are about to get more expensiveYou can thank the memory chip shortage sparked by the AI data center boom. (FT $)+ Expect delays alongside those price rises, too. (Economist $)4 NASA is bringing four of the seven ISS crew members back to EarthIt’s not clear exactly why, but it said one of them experienced a “medical situation” earlier this week. (Ars Technica) 5 The vast majority of humanoid robots shipped last year were from ChinaThe country is dominating early supply for the bipedal machines. (Bloomberg $)+ Why a Chinese robot vacuum firm is moving into EVs. (Wired $)+ China’s EV giants are betting big on humanoid robots. (MIT Technology Review) 6 New Jersey has banned students’ phones in schoolsIt’s the latest in a long line of states to restrict devices during school hours. (NYT $) 7 Are AI coding assistants getting worse?This data scientist certainly seems to think so. (IEEE Spectrum)+ AI coding is now everywhere. But not everyone is convinced. (MIT Technology Review) 8 How to save wine from wildfires 🍇Smoke leaves the alcohol with an ashy taste, but a group of scientists are working on a solution. (New Yorker $)
9 Celebrity Letterboxd accounts are good funUnsurprisingly, a subset of web users have chosen to hound them. (NY Mag $)10 Craigslist refuses to dieThe old-school classifieds corner of the web still has a legion of diehard fans. (Wired $)
Quote of the day “Tools like Grok now risk bringing sexual AI imagery of children into the mainstream. The harms are rippling out.” —Ngaire Alexander, head of the Internet Watch Foundation’s reporting hotline, explains the dangers around low-moderation AI tools like Grok to the Wall Street Journal. One more thing How to measure the returns on R&D spendingGiven the draconian cuts to US federal funding for science, it’s worth asking some hard-nosed money questions: How much should we be spending on R&D? How much value do we get out of such investments, anyway?To answer that, in several recent papers, economists have approached this issue in clever new ways.  And, though they ask slightly different questions, their conclusions share a bottom line: R&D is, in fact, one of the better long-term investments that the government can make. Read the full story.
—David Rotman 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.) + Bruno Mars is back, baby!+ Hmm, interesting: Apple’s new Widow’s Bay show is inspired by both Stephen King and Donald Glover, which is an intriguing combination.+ Give this man control of the new Lego AI bricks!+ An iron age war trumpet recently uncovered in Britain is the most complete example discovered anywhere in the world.

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A new CRISPR startup is betting regulators will ease up on gene-editing

Here at MIT Technology Review we’ve been writing about the gene-editing technology CRISPR since 2013, calling it the biggest biotech breakthrough of the century. Yet so far, there’s been only one gene-editing drug approved. It’s been used commercially on only about 40 patients, all with sickle-cell disease. It’s becoming clear that the impact of CRISPR isn’t as big as we all hoped. In fact, there’s a pall of discouragement over the entire field—with some journalists saying the gene-editing revolution has “lost its mojo.” So what will it take for CRISPR to help more people? A new startup says the answer could be an “umbrella approach” to testing and commercializing treatments. Aurora Therapeutics, which has $16 million from Menlo Ventures and counts CRISPR co-inventor Jennifer Doudna as an advisor, essentially hopes to win approval for gene-editing drugs that can be slightly adjusted, or personalized, without requiring costly new trials or approvals for every new version. The need to change regulations around gene-editing treatments was endorsed in November by the head of the US Food and Drug Administration, Martin Makary, who said the agency would open a “new” regulatory pathway for “bespoke, personalized therapies” that can’t easily be tested in conventional ways. 
Aurora’s first target, the rare inherited disease phenylketonuria, also known as PKU, is a case in point. People with PKU lack a working version of an enzyme needed to use up the amino acid phenylalanine, a component of pretty much all meat and protein. If the amino acid builds up, it causes brain damage. So patients usually go on an onerous “diet for life” of special formula drinks and vegetables. In theory, gene editing can fix PKU. In mice, scientists have already restored the gene for the enzyme by rewriting DNA in liver cells, which both make the enzyme and are some of the easiest to reach with a gene-editing drug. The problem is that in human patients, many different mutations can affect the critical gene. According to Cory Harding, a researcher at Oregon Health Sciences University, scientists know about 1,600 different DNA mutations that cause PKU.
There’s no way anyone will develop 1,600 different gene-editing drugs. Instead, Aurora’s goal is to eventually win approval for a single gene editor that, with minor adjustments, could be used to correct several of the most common mutations, including one that’s responsible for about 10% of the estimated 20,000 PKU cases in the US. “We can’t have a separate [clinical trial] for each mutation,” says Edward Kaye, the CEO of Aurora. “The way the FDA approves gene editing has to change, and I think they’ve been very understanding that is the case.” A gene editor is a special protein that can zero in on a specific location in the genome and change it. To prepare one, Aurora will put genetic code for the editor into a nanoparticle along with a targeting molecule. In total, it will involve about 5,000 gene letters. But only 20 of them need to change in order to redirect the treatment to repair a different mutation. “Over 99% of the drug stays the same,” says Johnny Hu, a partner at Menlo Ventures, which put up the funding for the startup. The new company came together after Hu met over pizza with Fyodor Urnov, an outspoken gene-editing scientist at the University of California, Berkeley, who is Aurora’s cofounder and sits on its board. In 2022, Urnov had written a New York Times editorial bemoaning the “chasm” between what editing technology can do and the “legal, financial, and organizational” realities preventing researchers from curing people. “I went to Fyodor and said, ‘Hey, we’re getting all these great results in the clinic with CRISPR, but why hasn’t it scaled?” says Hu. Part of the reason is that most gene-editing companies are chasing the same few conditions, such as sickle-cell, where (as luck would have it) a single edit works for all patients. But that leaves around 400 million people who have 7,000 other inherited conditions without much hope to get their DNA fixed, Urnov estimated in his editorial. Then, last May, came the dramatic demonstration of the first fully “personalized” gene-editing treatment. A team in Philadelphia, assisted by Urnov and others, succeeded in correcting the DNA of a baby, named KJ Muldoon, who had an entirely unique mutation that caused a metabolic disease. Though it didn’t target PKU, the project showed that gene editing could theoretically fix some inherited diseases “on demand.” 

It also underscored a big problem. Treating a single child required a large team and cost millions in time, effort, and materials—all to create a drug that would never be used again.  That’s exactly the sort of situation the new “umbrella” trials are supposed to address. Kiran Musunuru, who co-led the team at the University of Pennsylvania, says he’s been in discussions with the FDA to open a study of bespoke gene editors this year focusing on diseases of the type Baby KJ had, called urea cycle disorders. Each time a new patient appears, he says, they’ll try to quickly put together a variant of their gene-editing drug that’s tuned to fix that child’s particular genetic problem. Musunuru, who isn’t involved with Aurora, does not think the company’s plans for PKU count as fully personalized editors. “These corporate PKU efforts have nothing whatsoever to do with Baby KJ,” he says. He says his center continues to focus on mutations “so ultra-rare that we don’t see any scenario where a for-profit gene-editing company would find that indication to be commercially viable.” Instead, what’s occurring in PKU, says Musunuru, is that researchers have realized they can assemble “a bunch” of the most frequent mutations “into a large enough group of patients to make a platform PKU therapy commercially viable.”  While that would still leave out many patients with extra-rare gene errors, Musunuru says any gene-editing treatment at all would still be “a big improvement over the status quo, which  is zero genetic therapies for PKU.”

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America’s new dietary guidelines ignore decades of scientific research

The new year has barely begun, but the first days of 2026 have brought big news for health. On Monday, the US’s federal health agency upended its recommendations for routine childhood vaccinations—a move that health associations worry puts children at unnecessary risk of preventable disease. There was more news from the federal government on Wednesday, when health secretary Robert F. Kennedy Jr. and his colleagues at the Departments of Health and Human Services and Agriculture unveiled new dietary guidelines for Americans. And they are causing a bit of a stir. That’s partly because they recommend products like red meat, butter, and beef tallow—foods that have been linked to cardiovascular disease, and that nutrition experts have been recommending people limit in their diets. These guidelines are a big deal—they influence food assistance programs and school lunches, for example. So this week let’s look at the good, the bad, and the ugly advice being dished up to Americans by their government.
The government dietary guidelines have been around since the 1980s. They are updated every five years, in a process that typically involves a team of nutrition scientists who have combed over scientific research for years. That team will first publish its findings in a scientific report, and, around a year later, the finalized Dietary Guidelines for Americans are published. The last guidelines covered the period 2020 to 2025, and new guidelines were expected in the summer of 2025. Work had already been underway for years; the scientific report intended to inform them was published back in 2024. But the publication of the guidelines was delayed by last year’s government shutdown, Kennedy said last year. They were finally published yesterday.
Nutrition experts had been waiting with bated breath. Nutrition science has evolved slightly over the last five years, and some were expecting to see new recommendations. Research now suggests, for example, that there is no “safe” level of alcohol consumption. We are also beginning to learn more about health risks associated with some ultraprocessed foods (although we still don’t have a good understanding of what they might be, or what even counts as “ultraprocessed”.) And some scientists were expecting to see the new guidelines factor in environmental sustainability, says Gabby Headrick, the associate director of food and nutrition policy at George Washington University’s Institute for Food Safety & Nutrition Security in Washington DC. They didn’t. Many of the recommendations are sensible. The guidelines recommend a diet rich in whole foods, particularly fresh fruits and vegetables. They recommend avoiding highly processed foods and added sugars. They also highlight the importance of dietary protein, whole grains, and “healthy” fats. But not all of them are, says Headrick. The guidelines open with a “new pyramid” of foods. This inverted triangle is topped with “protein, dairy, and healthy fats” on one side and “vegetables and fruits” on the other. There are a few problems with this image. For starters, its shape—nutrition scientists have long moved on from the food pyramids of the 1990s, says Headrick. They’re confusing and make it difficult for people to understand what the contents of their plate should look like. That’s why scientists now use an image of a plate to depict a healthy diet. “We’ve been using MyPlate to describe the dietary guidelines in a very consumer-friendly, nutrition-education-friendly way for over the last decade now,” says Headrick. (The UK’s National Health Service takes a similar approach.) And then there’s the content of that food pyramid. It puts a significant focus on meat and whole-fat dairy produce. The top left image—the one most viewers will probably see first—is of a steak. Smack in the middle of the pyramid is a stick of butter. That’s new. And it’s not a good thing.

While both red meat and whole-fat dairy can certainly form part of a healthy diet, nutrition scientists have long been recommending that most people try to limit their consumption of these foods. Both can be high in saturated fat, which can increase the risk of cardiovascular disease—the leading cause of death in the US. In 2015, on the basis of limited evidence, the World Health Organization classified red meat as “probably carcinogenic to humans.”  Also concerning is the document’s definition of “healthy fats,” which includes butter and beef tallow (a MAHA favorite). Neither food is generally considered to be as healthy as olive oil, for example. While olive oil contains around two grams of saturated fat per tablespoon, a tablespoon of beef tallow has around six grams of saturated fat, and the same amount of butter contains around seven grams of saturated fat, says Headrick. “I think these are pretty harmful dietary recommendations to be making when we have established that those specific foods likely do not have health-promoting benefits,” she adds. Red meat is not exactly a sustainable food, and neither are dairy products. And the advice on alcohol is relatively vague, recommending that people “consume less alcohol for better overall health” (which might leave you wondering: Less than what?). There are other questionable recommendations in the guidelines. Americans are advised to include more protein in their diets—at levels between 1.2 and 1.6 grams daily per kilo of body weight, 50% to 100% more than recommended in previous guidelines. There’s a risk that increasing protein consumption to such levels could raise a person’s intake of both calories and saturated fats to unhealthy levels, says José Ordovás, a senior nutrition scientist at Tufts University. “I would err on the low side,” he says. Some nutrition scientists are questioning why these changes have been made. It’s not as though the new recommendations were in the 2024 scientific report. And the evidence on red meat and saturated fat hasn’t changed, says Headrick. In reporting this piece, I contacted many contributors to the previous guidelines, and some who had led research for 2024’s scientific report. None of them agreed to comment on the new guidelines on the record. Some seemed disgruntled. One merely told me that the process by which the new guidelines had been created was “opaque.” “These people invested a lot of their time, and they did a thorough job [over] a couple of years, identifying [relevant scientific studies],” says Ordovás. “I’m not surprised that when they see that [their] work was ignored and replaced with something [put together] quickly, that they feel a little bit disappointed,” he says. This article first appeared in The Checkup, MIT Technology Review’s weekly biotech newsletter. To receive it in your inbox every Thursday, and read articles like this first, sign up here.

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Masdar Secures First Power Offtake for 500 MW Angolan Portfolio

Abu Dhabi Future Energy Co PJSC (Masdar) has signed an agreement with Angola’s state-owned offtaker Rede Nacional de Transporte de Electricidade for the 150-megawatt (MW) Quipungo photovoltaic project in Huila province. “The Quipungo project represents the first contracted site under Project Royal Sable, a planned 500 MW renewable energy program across three sites that will strengthen Angola’s southern power grid and support the country’s sustainable development objectives”, Masdar said in a press release. It also marks Masdar’s first power purchase agreement (PPA) in the Central African country, according to the company. Project Royal Sable, expected to power around 300,000 homes and offer over 2,000 jobs, “reflects Masdar’s commitment to developing large-scale, bankable renewable energy infrastructure in emerging markets, supporting national energy strategies while expanding access to reliable, affordable clean power”, Masdar said. “Masdar is now the largest operator of renewables on the continent through its joint venture, Infinity Power, which currently operates 1.3 GW of solar and onshore wind power projects in South Africa, Egypt and Senegal, and has a 13.8-GW project pipeline, including battery storage and green hydrogen facilities, in various stages of development”, it added. “The addition of Project Royal Sable will contribute to Masdar’s target of 100 GW portfolio capacity by 2030”. The offtake deal was signed at the International Renewable Energy Agency assembly in Abu Dhabi, which closed Monday. Recently Masdar also signed its first PPA in Malaysia, agreeing to build what it said is Southeast Asia’s biggest floating solar plant. The 200-MW project will be installed at the Chereh Dam in Pahang state. It would be developed with Malaysian partners Citaglobal and Tiza Global, while the PPA was signed with national utility Tenaga Nasional Bhd, Masdar said in an online statement December 23, 2025. The Chereh project launches the 10-gigawatt renewable energy roadmap agreed between Masdar

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Strategists Forecast 5MM Barrel WoW USA Crude Inventory Build

In an oil and gas report sent to Rigzone late Monday by the Macquarie team, Macquarie strategists, including Walt Chancellor, revealed that they are forecasting that U.S. crude inventories will be up by 5.0 million barrels for the week ending January 9. “This follows a 3.8 million barrel draw in the prior week, with the crude balance realizing relatively close to our expectations,” the strategists said in the report. “For the week ending 1/9, from refineries, we look for a modest reduction in crude runs (-0.1 million barrels per day). Among net imports, we model a healthy increase, with exports sharply lower (-0.9 million barrels per day) and imports up slightly (+0.1 million barrels per day) on a nominal basis,” they added. The strategists stated in the report that timing of cargoes remains a source of potential volatility in the weekly crude balance. They also noted in the report that they “see some lingering potential for noise from year-end effects”. “From implied domestic supply (prod.+adj.+transfers), we look for a small nominal increase (+0.1 million barrels per day),” the Macquarie strategists went on to note. “Rounding out the picture, we anticipate another small increase (+0.2 million barrels) in SPR [Strategic Petroleum Reserve] stocks for the week ending 1/9,” they said. The Macquarie strategists also highlighted in the report that, “among products”, they “again look for another large build led by gasoline (+7.1 million barrels), with distillate (+2.4 million barrels) and jet stocks (+0.7 million barrels) also higher”. “We model implied demand for these three products at ~13.6 million barrels per day for the week ending January 9,” the strategists went on to state. In its latest weekly petroleum status report at the time of writing, which was released on January 7 and included data for the week ending January 2, the

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Trading Giants Seek Big Asia Buyers for Venezuelan Oil

Vitol Group and Trafigura Group are in talks with large Indian and Chinese refiners over potential sales of Venezuelan crude, days after they obtained a preliminary green light from the US to market the oil. The traders contacted leading Asian buyers over the weekend, according to people familiar with the matter, who asked not to be identified because they are not authorized to speak publicly. Conversations are at an early stage and no formal offers have been made, they added. Indicative price levels for the touted Venezuelan volumes, for arrival to Asia in March, were pegged at about an $8 a barrel discount to the Brent benchmark, said traders in the spot market who track regional crude flows. The global oil market is on alert for a redirection of exports from Venezuela following the US intervention earlier this month, when forces seized leader Nicolás Maduro and President Donald Trump asserted control over the nation’s energy industry. The country has the world’s largest proven crude reserves. The two trading houses, among the world’s largest, are also in talks with US refiners to gauge interest. Vitol and Trafigura declined to comment. Asia has been a vital market for Venezuela’s Merey crude through years of US sanctions and restrictions. China took the lion’s share, usually sold at a discount. After Washington’s move, Energy Secretary Chris Wright told Fox News that the US would not cut the country off from accessing Venezuelan oil. India’s Reliance Industries Ltd., meanwhile, has taken cargoes after securing a waiver, only to pause purchases last year when US President Donald Trump announced a 25 percent tariff on nations buying from the Latin American producer. Processors in India and China are now eager to explore renewed access to Venezuelan crude, potentially another source of supply in an already plentiful market. State-owned

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Uniper Places Long-Term Order for Indian Green Ammonia

Uniper SE and AM Green Ammonia India Pvt Ltd have signed a “long-term” offtake agreement for the German power and gas utility to buy up to 500,000 metric tons a year of renewable energy-produced ammonia from AM Green Ammonia’s projects. AM Green Ammonia – a consortium of India’s AM Green, Gentari of Malaysia’s Petroliam Nasional Bhd, Singaporean sovereign wealth fund GIC and the Abu Dhabi Investment Authority – is developing several plants in the Indian cities of Kakinada and Tuticorin and the Indian town of Kandla, according to a joint statement between AM Green Ammonia and Uniper. The first was sanctioned by the consortium in 2024 and will rise in Kakinada in Andhra Pradesh state. “First shipment is expected to happen as early as 2028 from AM Green Ammonia’s first 1 MTPA, under-construction plant in Kakinada, Andhra Pradesh”, the joint statement said. AM Green founder Anil Kumar Chalamalasetty said the deal represents “one of the first large-scale supply corridors between India and Europe”. “For Uniper, the agreement represents a significant step forward in developing a diversified portfolio of renewable and low-carbon molecules for European customers”, the joint statement said. “As a feedstock and a potential hydrogen carrier, renewable ammonia will help decarbonize industrial sectors such as chemicals, fertilizers, refining, and, over time, shipping”. The ammonia would be certified as a Renewable Fuel of Non-Biological Origin according to European Union standards, according to the joint statement. “Uniper and AM Green Ammonia will continue working with certification bodies to ensure traceability and high integrity reporting for European end-users”, the companies said. At home, Uniper recently partnered with thyssenkrupp Uhde GmbH for the construction of six commercial ammonia plants toward the establishment of a scalable hydrogen import terminal in Wilhelmshaven. On November 26, 2025, the German multinationals announced a “framework agreement” with thyssenkrupp Uhde building

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Scarborough FPU Arrives in Australia

Woodside Energy Group Ltd said Tuesday the Scarborough Energy Project’s floating production unit (FPU) had arrived at the project site offshore Western Australia. The project includes the development of the Scarborough gas field off the coast of Karratha, the construction of a second gas processing train for Pluto LNG with a capacity of five MMtpa and modifications to Pluto Train 1, according to Woodside. The FPU, built in China by Houston, Texas-headquartered McDermott International Ltd, will process gas from the field. Excluding train 1 modifications, Scarborough Energy was 91 percent complete at the end of the third quarter, according to Woodside’s quarterly report October 22, 2025. “Our focus now shifts to the hook-up and commissioning phase in preparation for production, and ultimately, first LNG cargo which is on track for the second half of this year”, Woodside acting chief executive Liz Westcott said in a statement on the company’s website Tuesday. Woodside called the FPU “one of the largest semisubmersible facilities ever constructed”. The vessel totals about 70,000 metric tons, according to Woodside. “It features advanced emissions-reduction systems and is designed to treat and compress gas for export through the trunkline”, the statement said. “It can also accommodate future tie-ins to support the development of nearby fields”. The Perth-based company expects the project to produce up to eight million metric tons a year of liquefied natural gas and supply 225 terajoules per day to the Western Australian market. Court Clearance Last year Australia’s Federal Court upheld regulatory approval of the environmental plan (EP) for Scarborough Energy, in a challenge put up by Doctors for the Environment (Australia) Inc (DEA). In a statement August 22, 2025, about the court win, Woodside noted the EP, approved by the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) in February 2025, represented the last

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Oil Jumps as Iran Tensions Escalate

Oil rose to the highest level since early December as unrest in Iran raises the specter of supply disruptions from OPEC’s fourth-biggest producer, with the Wall Street Journal reporting that President Donald Trump is leaning toward striking the country. West Texas Intermediate settled above $59 a barrel on Monday after jumping more than 6% over the past three sessions. Trump said Tehran had offered to enter negotiations with Washington over its yearslong nuclear program. But he is leaning toward authorizing military strikes against the Middle Eastern country over its treatment of protesters, the newspaper said, citing US officials familiar with the matter. Fresh political or military unrest in Iran could threaten disruption to the country’s roughly 3.3 million barrels-per-day oil production. Iran’s foreign minister repeated government claims that rioters and terrorists killed police and civilians, while footage was broadcast on state TV saying calm had been restored nationwide. “Traders must now balance odds of a smooth transition to regime change, odds of a messy transition potentially impacting oil production and exports, odds of a military confrontation or miscalculation, and odds the regime change may pivot towards a deal on US terms, which would bear the most negative implications for energy markets,” said Dan Ghali, a commodity strategist at TD Securities. The possibility of a disruption to Iran’s daily exports has tempered concerns over a global glut that caused a slump in prices and made investors increasingly bearish. The scale of risk has shown up clearest in options markets, where the skew toward bullish calls is the biggest for US crude futures since June and volatility is surging. The two weeks of protests in the country are the most significant challenge to Supreme Leader Ayatollah Ali Khamenei since a nationwide uprising in 2022. It follows a surge in oil prices during

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