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Chevron takes over operatorship of block offshore Uruguay

Chevron Corp. has officially taken over operatorship of AREA OFF-1 block in Uruguay and 3D seismic acquisition on the block is expected late in this year’s fourth quarter. Handover of the South American block occurred in first-half 2025, partner Challenger Energy Group PLC said in a half-year report Sept. 3. In November 2024, Chevron completed a farm-in with Challenger to acquire a 60% interest in the offshore block, along with “various work streams necessary to prepare for 3D seismic acquisition,” Challenger’s chief executive officer Eytan Uliel told stakeholders. Uliel noted the start of seismic acquisition is still subject to finalization of permitting by the Uruguayan Ministry of Environment, “a process which is well advanced,” he said. In July, Challenger said the Ministry has consultations planned ahead of permit issuances, and that a final consultation was expected late that month. At the time, Challenger said it expected permits to be granted in August/September.  Chevron will carry the full cost of the seismic campaign up to a total program cost of $37.5 million. The 14,557-sq km block lies about 100 km offshore in water depths of 80-1,000 m, and holds prospective inventory of about 2 billion bbl of recoverable resource (Pmean) through multiple prospects (Teru Teru, Anapero, Lenteja) in a range of play types, according to Challenger.  Elsewhere in Uruguay, Challenger progressed work at the 13,000 sq km AREA OFF-3 block, substantially completing its planned technical work program in August. The primary geotechnical work focused on the licensing, reprocessing, and interpretation of a 1,250 sq km 3D seismic data set. Other subsurface studies addressed the geochemistry and further de-risked AREA OFF-3 exploration potential, the company said. The company began a formal farmout process for the block on Sept. 1.

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Equinor signs heads of agreement for Bay du Nord FPSO

Equinor Canada Ltd. signed a head of agreement (HoA) with BW Offshore, confirming its selection as preferred bidder for the floating production, storage and offloading (FPSO) unit for the Bay du Nord deepwater oil project offshore Newfoundland and Labrador, Canada. Equinor operates Bay du Nord, Canada’s first deepwater oil project, in partnership with bp plc. The project holds an estimated 400 million bbl of recoverable light crude in its initial phase. The oil discovery lies in the Jurassic reservoirs of the Flemish Pass basin, about 500 km east of St. John’s in 1,170 m of water. Later discoveries, and potential tie-ins, lie in adjacent exploration licence EL1156 (Cappahayden and Cambriol) in waters about 650 m deep.  Development of  the project was postposedin 2023 for up to 3 years due to “changing market conditions and subsequent high cost inflation,” according to Equinor. During that time, however, Equinor and bp have advanced work to actively mature the project toward future development.  Under the newly signed HoA, Equinor and BW Offshore will continue to advance discussions on all technical and commercial aspects of the FPSO project. These include further maturation of design through front-end engineering design (FEED) work, and agreeing on a commercial solution. The FPSO will be tailored for the harsh environment of the sub-Arctic. The unit is expected to support production of up to 160,000 b/d of oil and will feature a disconnectable turret system and extensive winterization, BW Offshore said. The topside will include emission reduction initiatives such as high-efficiency power generation and heat recovery, variable speed drives and a closed flare system. The FPSO also will be designed for future tiebacks. Following pre-FEED completion mid-September, the two companies are expected to enter into a bridging phase to prepare for FEED in early 2026, subject to approvals by Equinor and bp.

Read More »

Plains to acquire 55% interest in EPIC Crude from Diamondback, Kinetik

A Plains All American Pipeline LP and Plains GP Holdings subsidiary has agreed to acquire from subsidiaries of Diamondback Energy Inc. and Kinetik Holdings Inc. a 55% non-operated interest in EPIC Crude Holdings LP, the entity that owns and operates the EPIC crude oil pipeline, in a deal valued at about $1.57 billion, inclusive of about $600 million of debt. “By further linking our Permian and Eagle Ford gathering systems to Corpus Christi, we are enhancing market access and ensuring our customers have reliable, cost-effective routes to multiple demand centers,” said Plains chairman, chief executive officer, and president, Willie Chiang.  Plains also has agreed to a potential $193 million earnout payment should an expansion of the pipeline to a capacity of at least 900,000 b/d be formally sanctioned before yearend 2027. Diamondback Energy and Kinetik Holdings each agreed to sell their respective 27.5% equity interest, which they reached with acquisitions in September 2024, for about $500 million in net upfront cash and a $96 million share of the total potential $193-million contingent cash payment related to the potential expansion. Diamondback will maintain its commercial relationship with the EPIC Crude and Plains teams as an anchor shipper on the EPIC Crude pipeline, said Kaes Van’t Hof, chief executive officer and director of Diamondback Energy, in a separate release Sept. 2. The remaining 45% interest in EPIC Crude Holdings is owned by a portfolio company of Ares Management Corp. (EPIC Management), which also serves as operator. The EPIC assets include over 800 miles of long-haul crude oil takeaway from the Permian and Eagle Ford basins to the Gulf Coast market at Corpus Christi, Tex., with current operating capacity over 600,000 b/d. Other assets include total operational storage of about 7 million bbl and over 200,000 b/d of export capacity. EPIC Crude includes terminals

Read More »

India Will Keep Buying Russian Oil, FinMin Says

India’s Finance Minister Nirmala Sitharaman said the country will continue buying Russian oil, signaling its intent to defy US President Donald Trump’s persistent demands to halt the purchases.  “Where we buy our oil from, especially a big-ticket foreign exchange item where we pay so much, highest in terms of import, we will have to take a call on what suits us best,” Sitharaman said in an interview with News18 television on Friday. “We will undoubtedly be buying.” The comments come as New Delhi has kept up its purchases of Russian oil, saying it will continue to do so as long as it’s financially viable. India has been the largest buyer of Russian seaborne crude as the discounted barrels have helped the world’s third largest oil consumer keep its import bill in check. The move has irked the Trump administration, which doubled tariffs on the South Asian nation to 50%, among the highest in the world. Commerce Secretary Howard Lutnick in an interview with Bloomberg TV reiterated the White House’s demand that India stop buying Russian oil. Separately, Trump hit out at India and Russia once again on Friday for strengthening ties with China.  US President Donald Trump writes on Truth Social, “Looks like we’ve lost India and Russia to deepest, darkest, China. May they have a long and prosperous future together!” pic.twitter.com/psIJcs8RhW — ANI (@ANI) September 5, 2025 Prime Minister Narendra Modi and Russian President Vladimir Putin met Chinese President Xi Jinping at the Shanghai Cooperation Organisation Summit in Tianjin earlier this week. The leaders discussed cooperation in areas ranging from energy to security. On India’s deepening relationship with China, Sitharaman said that New Delhi and Beijing must hold meaningful discussions on market access and non-tariff barriers. She said a long-term trading partnership “will take time” to develop and needs “sincere engagement” from both

Read More »

Nuclear power is failing, and AI can’t rescue it

Amory Lovins teaches engineering at Stanford, and is cofounder and chairman emeritus of RMI.  An intensive influence campaign seeks to resurrect a “nuclear renaissance” from the industry’s slow-motion collapse documented in the independent annual World Nuclear Industry Status Report. Claims that past failures won’t recur have convinced many politicians that socializing nuclear investments rejected by private capital markets, weakening or bypassing rigorous safety regulation, suppressing market competition, and commanding military reactor and data-center projects as a national-security imperative will restore nuclear expansion and transform the economy. This illusion neatly fits the industry’s business-model shift from selling products to harvesting subsidies. A few awkward facts intrude. Even the most skilled firms and nations keep delivering big reactors with several times the promised cost and construction time. A swarm of startup firms that have never built a reactor are dubiously rebranding their inexperience as a winning advantage. New designs are said to be so safe they don’t need normal precautions (though not safe enough to waive nuclear energy’s unique exemption from accident liability). Political interference in nuclear licensing is eroding public confidence. Proposed smaller reactors cost more per kWh, produce more nuclear waste per kWh, and often need more-concentrated fuel directly usable for nuclear weapons. And nuclear power faces the same fundamental challenges as fossil fuels: uncompetitive costs, runaway competitors, dwindling profits, and uncertain demand. Few if any vendors have made profits selling reactors — only fueling and fixing them. Nuclear electricity loses in open auctions, so only Congressional bailouts — $27 billion ($15 billion paid out) in 2005, $133 billion in 2021-22, tens of billions more in 2025 — saved most existing U.S. reactors from closure. Now comes another vision: powering the glorious new world of artificial intelligence. This may be a trillion-dollar bubble, but it’s sellable until market realities intervene.

Read More »

Gas turbine manufacturers expand capacity, but order backlog could prove stubborn

Dive Brief: Mitsubishi Heavy Industries plans to double its manufacturing capacity of gas turbines over the next two years in response to spiking demand and a backlog of orders, Bloomberg reported Sunday. Average wait times for gas turbine delivery have recently increased by several years. GE Vernova, another gas turbine manufacturer, announced on Aug. 19 that it is investing $41 million to enhance the manufacturing of its H65 and H84 generators, used in the company’s HA gas turbines. Siemens Energy, another gas turbine manufacturer, announced in December last year that it’s adding 61,000 sq ft to a facility that makes blades and vanes for its turbines. “An individual [original equipment manufacturer] doubling production could increase overall output by 15-40% based on historic data,” Bobby Noble, senior program manager of gas turbine research and development at the Electric Power Research Institute. “It should help over time, but it is likely not enough to drastically reduce [wait times].” Dive Insight: While some of the demand can be attributed to the replacement of a generation of aging turbines, data center construction appears to be driving a lot of the demand.  Jake Rubin, media relations lead for Siemens Energy in North America, said in an email that in the third quarter, half of the company’s gas services division’s orders came from the U.S. “Gas Services secured gas turbine orders totaling 14 GW in the fiscal year to date, 65% of which are for data centers,” he said. Rubin said the Florida blades and vanes facility that Siemens Energy plans to expand “has grown from approximately 200 employees two years ago to more than 450 today,” but didn’t mention new hiring. GE Vernova said in its release that it plans to create 50 new jobs at the generator facility it’s expanding. Mitsubishi Heavy Industries did not

Read More »

Chevron takes over operatorship of block offshore Uruguay

Chevron Corp. has officially taken over operatorship of AREA OFF-1 block in Uruguay and 3D seismic acquisition on the block is expected late in this year’s fourth quarter. Handover of the South American block occurred in first-half 2025, partner Challenger Energy Group PLC said in a half-year report Sept. 3. In November 2024, Chevron completed a farm-in with Challenger to acquire a 60% interest in the offshore block, along with “various work streams necessary to prepare for 3D seismic acquisition,” Challenger’s chief executive officer Eytan Uliel told stakeholders. Uliel noted the start of seismic acquisition is still subject to finalization of permitting by the Uruguayan Ministry of Environment, “a process which is well advanced,” he said. In July, Challenger said the Ministry has consultations planned ahead of permit issuances, and that a final consultation was expected late that month. At the time, Challenger said it expected permits to be granted in August/September.  Chevron will carry the full cost of the seismic campaign up to a total program cost of $37.5 million. The 14,557-sq km block lies about 100 km offshore in water depths of 80-1,000 m, and holds prospective inventory of about 2 billion bbl of recoverable resource (Pmean) through multiple prospects (Teru Teru, Anapero, Lenteja) in a range of play types, according to Challenger.  Elsewhere in Uruguay, Challenger progressed work at the 13,000 sq km AREA OFF-3 block, substantially completing its planned technical work program in August. The primary geotechnical work focused on the licensing, reprocessing, and interpretation of a 1,250 sq km 3D seismic data set. Other subsurface studies addressed the geochemistry and further de-risked AREA OFF-3 exploration potential, the company said. The company began a formal farmout process for the block on Sept. 1.

Read More »

Equinor signs heads of agreement for Bay du Nord FPSO

Equinor Canada Ltd. signed a head of agreement (HoA) with BW Offshore, confirming its selection as preferred bidder for the floating production, storage and offloading (FPSO) unit for the Bay du Nord deepwater oil project offshore Newfoundland and Labrador, Canada. Equinor operates Bay du Nord, Canada’s first deepwater oil project, in partnership with bp plc. The project holds an estimated 400 million bbl of recoverable light crude in its initial phase. The oil discovery lies in the Jurassic reservoirs of the Flemish Pass basin, about 500 km east of St. John’s in 1,170 m of water. Later discoveries, and potential tie-ins, lie in adjacent exploration licence EL1156 (Cappahayden and Cambriol) in waters about 650 m deep.  Development of  the project was postposedin 2023 for up to 3 years due to “changing market conditions and subsequent high cost inflation,” according to Equinor. During that time, however, Equinor and bp have advanced work to actively mature the project toward future development.  Under the newly signed HoA, Equinor and BW Offshore will continue to advance discussions on all technical and commercial aspects of the FPSO project. These include further maturation of design through front-end engineering design (FEED) work, and agreeing on a commercial solution. The FPSO will be tailored for the harsh environment of the sub-Arctic. The unit is expected to support production of up to 160,000 b/d of oil and will feature a disconnectable turret system and extensive winterization, BW Offshore said. The topside will include emission reduction initiatives such as high-efficiency power generation and heat recovery, variable speed drives and a closed flare system. The FPSO also will be designed for future tiebacks. Following pre-FEED completion mid-September, the two companies are expected to enter into a bridging phase to prepare for FEED in early 2026, subject to approvals by Equinor and bp.

Read More »

Plains to acquire 55% interest in EPIC Crude from Diamondback, Kinetik

A Plains All American Pipeline LP and Plains GP Holdings subsidiary has agreed to acquire from subsidiaries of Diamondback Energy Inc. and Kinetik Holdings Inc. a 55% non-operated interest in EPIC Crude Holdings LP, the entity that owns and operates the EPIC crude oil pipeline, in a deal valued at about $1.57 billion, inclusive of about $600 million of debt. “By further linking our Permian and Eagle Ford gathering systems to Corpus Christi, we are enhancing market access and ensuring our customers have reliable, cost-effective routes to multiple demand centers,” said Plains chairman, chief executive officer, and president, Willie Chiang.  Plains also has agreed to a potential $193 million earnout payment should an expansion of the pipeline to a capacity of at least 900,000 b/d be formally sanctioned before yearend 2027. Diamondback Energy and Kinetik Holdings each agreed to sell their respective 27.5% equity interest, which they reached with acquisitions in September 2024, for about $500 million in net upfront cash and a $96 million share of the total potential $193-million contingent cash payment related to the potential expansion. Diamondback will maintain its commercial relationship with the EPIC Crude and Plains teams as an anchor shipper on the EPIC Crude pipeline, said Kaes Van’t Hof, chief executive officer and director of Diamondback Energy, in a separate release Sept. 2. The remaining 45% interest in EPIC Crude Holdings is owned by a portfolio company of Ares Management Corp. (EPIC Management), which also serves as operator. The EPIC assets include over 800 miles of long-haul crude oil takeaway from the Permian and Eagle Ford basins to the Gulf Coast market at Corpus Christi, Tex., with current operating capacity over 600,000 b/d. Other assets include total operational storage of about 7 million bbl and over 200,000 b/d of export capacity. EPIC Crude includes terminals

Read More »

India Will Keep Buying Russian Oil, FinMin Says

India’s Finance Minister Nirmala Sitharaman said the country will continue buying Russian oil, signaling its intent to defy US President Donald Trump’s persistent demands to halt the purchases.  “Where we buy our oil from, especially a big-ticket foreign exchange item where we pay so much, highest in terms of import, we will have to take a call on what suits us best,” Sitharaman said in an interview with News18 television on Friday. “We will undoubtedly be buying.” The comments come as New Delhi has kept up its purchases of Russian oil, saying it will continue to do so as long as it’s financially viable. India has been the largest buyer of Russian seaborne crude as the discounted barrels have helped the world’s third largest oil consumer keep its import bill in check. The move has irked the Trump administration, which doubled tariffs on the South Asian nation to 50%, among the highest in the world. Commerce Secretary Howard Lutnick in an interview with Bloomberg TV reiterated the White House’s demand that India stop buying Russian oil. Separately, Trump hit out at India and Russia once again on Friday for strengthening ties with China.  US President Donald Trump writes on Truth Social, “Looks like we’ve lost India and Russia to deepest, darkest, China. May they have a long and prosperous future together!” pic.twitter.com/psIJcs8RhW — ANI (@ANI) September 5, 2025 Prime Minister Narendra Modi and Russian President Vladimir Putin met Chinese President Xi Jinping at the Shanghai Cooperation Organisation Summit in Tianjin earlier this week. The leaders discussed cooperation in areas ranging from energy to security. On India’s deepening relationship with China, Sitharaman said that New Delhi and Beijing must hold meaningful discussions on market access and non-tariff barriers. She said a long-term trading partnership “will take time” to develop and needs “sincere engagement” from both

Read More »

Nuclear power is failing, and AI can’t rescue it

Amory Lovins teaches engineering at Stanford, and is cofounder and chairman emeritus of RMI.  An intensive influence campaign seeks to resurrect a “nuclear renaissance” from the industry’s slow-motion collapse documented in the independent annual World Nuclear Industry Status Report. Claims that past failures won’t recur have convinced many politicians that socializing nuclear investments rejected by private capital markets, weakening or bypassing rigorous safety regulation, suppressing market competition, and commanding military reactor and data-center projects as a national-security imperative will restore nuclear expansion and transform the economy. This illusion neatly fits the industry’s business-model shift from selling products to harvesting subsidies. A few awkward facts intrude. Even the most skilled firms and nations keep delivering big reactors with several times the promised cost and construction time. A swarm of startup firms that have never built a reactor are dubiously rebranding their inexperience as a winning advantage. New designs are said to be so safe they don’t need normal precautions (though not safe enough to waive nuclear energy’s unique exemption from accident liability). Political interference in nuclear licensing is eroding public confidence. Proposed smaller reactors cost more per kWh, produce more nuclear waste per kWh, and often need more-concentrated fuel directly usable for nuclear weapons. And nuclear power faces the same fundamental challenges as fossil fuels: uncompetitive costs, runaway competitors, dwindling profits, and uncertain demand. Few if any vendors have made profits selling reactors — only fueling and fixing them. Nuclear electricity loses in open auctions, so only Congressional bailouts — $27 billion ($15 billion paid out) in 2005, $133 billion in 2021-22, tens of billions more in 2025 — saved most existing U.S. reactors from closure. Now comes another vision: powering the glorious new world of artificial intelligence. This may be a trillion-dollar bubble, but it’s sellable until market realities intervene.

Read More »

Gas turbine manufacturers expand capacity, but order backlog could prove stubborn

Dive Brief: Mitsubishi Heavy Industries plans to double its manufacturing capacity of gas turbines over the next two years in response to spiking demand and a backlog of orders, Bloomberg reported Sunday. Average wait times for gas turbine delivery have recently increased by several years. GE Vernova, another gas turbine manufacturer, announced on Aug. 19 that it is investing $41 million to enhance the manufacturing of its H65 and H84 generators, used in the company’s HA gas turbines. Siemens Energy, another gas turbine manufacturer, announced in December last year that it’s adding 61,000 sq ft to a facility that makes blades and vanes for its turbines. “An individual [original equipment manufacturer] doubling production could increase overall output by 15-40% based on historic data,” Bobby Noble, senior program manager of gas turbine research and development at the Electric Power Research Institute. “It should help over time, but it is likely not enough to drastically reduce [wait times].” Dive Insight: While some of the demand can be attributed to the replacement of a generation of aging turbines, data center construction appears to be driving a lot of the demand.  Jake Rubin, media relations lead for Siemens Energy in North America, said in an email that in the third quarter, half of the company’s gas services division’s orders came from the U.S. “Gas Services secured gas turbine orders totaling 14 GW in the fiscal year to date, 65% of which are for data centers,” he said. Rubin said the Florida blades and vanes facility that Siemens Energy plans to expand “has grown from approximately 200 employees two years ago to more than 450 today,” but didn’t mention new hiring. GE Vernova said in its release that it plans to create 50 new jobs at the generator facility it’s expanding. Mitsubishi Heavy Industries did not

Read More »

Shell scraps Rotterdam biofuels project after review

Shell PLC said it has officially pulled the plug on subsidiary Shell Nederland Raffinaderij BV’s proposed biofuels plant in Rotterdam, the Netherlands. After calling an interim suspension of works on the planned 820,000-tonnes/year (tpy) biofuels plant last year to reassess the project’s competitiveness, Shell said on Sept. 3 it will not resume construction on the plant following conclusions of an in-depth commercial and technical evaluation showing the investment no longer makes financial sense. “It became clear the project wouldn’t be competitive enough to meet our customers’ demand for affordable, low-carbon products,” said Machteld de Haan, who leads Shell’s Downstream, Renewables, and Energy Solutions business. “It was a tough call, but the right one.” Approved for final investment decision in 2021 and started for construction in 2022 at Shell Energy and Chemicals Park Rotterdam, the plant was to become one of Europe’s biggest for sustainable aviation fuel (SAF) and renewable diesel made from waste, with SAF initially projected to make up more than half of the site’s production. Despite the project’s cancellation, Shell said it remains committed to biofuels and will continue trading and supplying low-carbon fuels, including SAF. While the Rotterdam project is off the table, the operator said it is investing heavily in other low-carbon areas, with $8 billion between 2023-24 dedicated to reduced-carbon technologies, including hydrogen, carbon capture, and electrification. In the Netherlands specifically, Shell said it has invested €6.5 billion in recent years for energy transition projects. These include: The Porthos carbon capture and storage (CCS) project at the port of Rotterdam that in 2026 will begin capturing and transporting carbon dioxide (CO2) from local industrial companies for storage in empty gas fields under the North Sea, including about 2.5 million tpy collected for a period of 15 years from Shell, ExxonMobil Corp., Air Liquide SA, and

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Energy companies talk strategic moves at Barclays 2025 CEO Energy-Power Conference

Right now, she said, WoodMac’s projection is 22 bcfd.  “The biggest difference between those two [projections] is [Kinder Mogan] project LNG export growth of 20 bfcd…that’s a huge percentage of the 28 versus WoodMac at 15 [bcfd]. And if you look right now at the projects that are actually under construction plus one project that was recently FID [final investement decision], you’re over the WoodMac number, and you’re starting to approach our number.” On top of that, she said, there have been a number of supply agreement announced in 2025 that are not yet FID, but are seen as more and more likely. Factors in Kinder Morgan’s projections include US administration support, growing power demand from data centers, population shifts south, reshoring of factories, and renewables backup needs. The renewable development element related to the power growth estimate is one that likely differentiated Kinder Morgan’s projections versus WoodMac’s, she said.  WoodMac’s projections were done prior to the current administration’s reconciliation bill. “I think there was an expectation prior to that that there was going to be more renewable development. And now I think natural gas, predominantly, will have to fill that hole. And so I think there’s probably upside to what we’ve forecasted on the power side,” Dang said.  “I think it is a very nice environment to be a natural gas infrastructure company,” she said, reiterating a point she made in the company’s second-quarter earnings call. “I’ve been at Kinder Morgan, approaching 25 years, and this is the best opportunity set that I’ve seen during my career at Kinder Morgan.”

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Phillips 66 adds Permian basin gas processing capacity

Phillips 66 has commissioned a second natural gas processing plant at the Dos Picos gas gathering system and processing complex in Midland County, Tex., as part of the operator’s ongoing expansion of its Midland basin operations. Configured with advanced ethane-extraction capabilities and equipped with a cryogenic gas processing capacity of 220 MMcfd, the Dos Picos II plant entered operation in late July, Phillips 66 said. Part of its Midland basin growth strategy following acquisition of Pinnacle Midland Parent LLC’s midstream assets in 2024, Phillips 66 said Dos Picos II helps further strengthen the company’s integrated value chain by enabling increased NGL capture and flow from the wellhead through midstream systems for subsequent transfer to Phillips 66-owned fractionation and export assets. The Dos Picos II plant joins an existing 220-MMcfd plant at the Midland complex to boost overall processing capacity at the site to 440 MMcfd. Additional growth plans Confirmation of Dos Picos II’s startup follows Phillips 66’s taking of final investment decision earlier this year on an additional project to expand its natural gas processing capacity in the Permian basin. As part of its NGL wellhead-to-market strategy, Phillips 66 will build the new 300-MMcfd Iron Mesa gas processing plant near the company’s existing 160-MMcfd gas plant in Goldsmith, Ector County, Tex., about 15 miles northwest of Odessa. Given Phillips 66’s NGL pipeline system in the region, the proposed plant’s location will allow for gathering and processing of feedstock from both the Midland and Delaware basins of the Permian, as well as enable improvements to the Goldsmith plant that will include retiring portions of the existing plant and upgrading its processing performance. Scheduled for startup during first-quarter 2027, the planned Iron Mesa plant and upgrades at Goldsmith will result in enhanced operational efficiencies and reliability to improve Phillip 66’s overall cost

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India Will Keep Buying Russian Oil, FinMin Says

India’s Finance Minister Nirmala Sitharaman said the country will continue buying Russian oil, signaling its intent to defy US President Donald Trump’s persistent demands to halt the purchases.  “Where we buy our oil from, especially a big-ticket foreign exchange item where we pay so much, highest in terms of import, we will have to take a call on what suits us best,” Sitharaman said in an interview with News18 television on Friday. “We will undoubtedly be buying.” The comments come as New Delhi has kept up its purchases of Russian oil, saying it will continue to do so as long as it’s financially viable. India has been the largest buyer of Russian seaborne crude as the discounted barrels have helped the world’s third largest oil consumer keep its import bill in check. The move has irked the Trump administration, which doubled tariffs on the South Asian nation to 50%, among the highest in the world. Commerce Secretary Howard Lutnick in an interview with Bloomberg TV reiterated the White House’s demand that India stop buying Russian oil. Separately, Trump hit out at India and Russia once again on Friday for strengthening ties with China.  US President Donald Trump writes on Truth Social, “Looks like we’ve lost India and Russia to deepest, darkest, China. May they have a long and prosperous future together!” pic.twitter.com/psIJcs8RhW — ANI (@ANI) September 5, 2025 Prime Minister Narendra Modi and Russian President Vladimir Putin met Chinese President Xi Jinping at the Shanghai Cooperation Organisation Summit in Tianjin earlier this week. The leaders discussed cooperation in areas ranging from energy to security. On India’s deepening relationship with China, Sitharaman said that New Delhi and Beijing must hold meaningful discussions on market access and non-tariff barriers. She said a long-term trading partnership “will take time” to develop and needs “sincere engagement” from both

Read More »

Utilities could add 147 GW of new large loads, boosting peak demand 20%: WoodMac

Large loads, including AI data centers, are showing up on the U.S. electric grid and could ultimately add 20% to utilities’ peak demand, most within the next decade, according to new analysis from Wood Mackenzie published Thursday.  The report looks at investor-owned utilities’ near-term committed loads and more speculative projects beyond 2035, as well as shifts in where the demand is showing up and uncertainty around the buildout. “Utilities are committing to large loads ramping rapidly this decade,” Ben Hertz-Shargel, global head of grid edge for Wood Mackenzie, said in a statement. “The market will be hard-pressed to supply this new load on that timeframe, which may prevent it from happening.” The need for electricity in the United States is growing rapidly, following years of flat-line demand. The growth is being driven by data centers, industrial expansion and electrification, but just how much power demand will show up remains uncertain. Data centers could consume 9% of the United States’ electricity generation by 2030 — double the amount consumed today, according to the Electric Power Research Institute. But experts agree that not all of the proposed data centers will be built. Investor-owned utilities have over 17 GW of large loads under construction and have committed to another 99 GW, together equal to 15.5% of current US peak demand, WoodMac said in the report. Another 32 GW of capacity “is in advanced conversation or a near-term forecast, resulting in 147 GW of high-probability load, equal to 20% of US peak demand.” A significant portion of this capacity will come online this decade, WoodMac said, with 60 GW expected to be added through 2030 — or about 8% of current U.S. peak demand. Utilities expect 93 GW to be operational by 2035, “after which little pipeline capacity has been disclosed,” the firm said. But

Read More »

Gas turbine manufacturers expand capacity, but order backlog could prove stubborn

Dive Brief: Mitsubishi Heavy Industries plans to double its manufacturing capacity of gas turbines over the next two years in response to spiking demand and a backlog of orders, Bloomberg reported Sunday. Average wait times for gas turbine delivery have recently increased by several years. GE Vernova, another gas turbine manufacturer, announced on Aug. 19 that it is investing $41 million to enhance the manufacturing of its H65 and H84 generators, used in the company’s HA gas turbines. Siemens Energy, another gas turbine manufacturer, announced in December last year that it’s adding 61,000 sq ft to a facility that makes blades and vanes for its turbines. “An individual [original equipment manufacturer] doubling production could increase overall output by 15-40% based on historic data,” Bobby Noble, senior program manager of gas turbine research and development at the Electric Power Research Institute. “It should help over time, but it is likely not enough to drastically reduce [wait times].” Dive Insight: While some of the demand can be attributed to the replacement of a generation of aging turbines, data center construction appears to be driving a lot of the demand.  Jake Rubin, media relations lead for Siemens Energy in North America, said in an email that in the third quarter, half of the company’s gas services division’s orders came from the U.S. “Gas Services secured gas turbine orders totaling 14 GW in the fiscal year to date, 65% of which are for data centers,” he said. Rubin said the Florida blades and vanes facility that Siemens Energy plans to expand “has grown from approximately 200 employees two years ago to more than 450 today,” but didn’t mention new hiring. GE Vernova said in its release that it plans to create 50 new jobs at the generator facility it’s expanding. Mitsubishi Heavy Industries did not

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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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What health care providers actually want from AI

Provided byMayo Clinic Platform In a market flooded with AI promises, health care decision-makers are no longer dazzled by flashy demos or abstract potential. Today, they want pragmatic and pressure-tested products. They want solutions that work for their clinicians, staff, patients, and their bottom line. To gain traction in 2025 and beyond, health care providers are looking for real-world solutions in AI right now. Solutions that fix real problems Hospitals and health systems are looking at AI-enabled solutions that target their most urgent pain points: staffing shortages, clinician burnout, rising costs, and patient bottlenecks. These operational realities keep leadership up at night, and AI solutions  must directly address them. For instance, hospitals and health systems are eager for AI tools that can reduce documentation burden for physicians and nurses. Natural language processing (NLP) solutions that auto-generate clinical notes or streamline coding to free up time for direct patient care are far more compelling pitches than generic efficiency gains. Similarly, predictive analytics that help optimize staffing levels or manage patient flows can directly address operational workflow and improve throughput.
Ultimately, if an AI solution doesn’t target these critical issues and deliver tangible benefits, it’s unlikely to capture serious buyer interest. Demonstrate real-world results AI solutions need validation in environments that mirror actual care settings. The first step toward that is to leverage high-quality, well-curated real-world data to drive reliable insights and avoid misleading results when building and refining AI models. 
Then, hospitals and health systems need evidence that the solution does what it claims to do, for instance through independent-third party validation, pilot projects, peer-reviewed publications, or documented case studies. Mayo Clinic Platform offers a rigorous independent process where clinical, data science, and regulatory experts evaluate a solution for intended use, proposed value, and clinical and algorithmic performance, which gives innovators the credibility their solutions need to win the confidence of health-care leaders.     Integration with existing systems With so many demands, health-care IT leaders have little patience for standalone AI tools that create additional complexity. They want solutions that integrate seamlessly into existing systems and workflows. Compatibility with major electronic health record (EHR) platforms, robust APIs, and smooth data ingestion processes are now baseline requirements. Custom integrations that require significant IT resources—or worse, create duplicative work—are deal breakers for many organizations already stretched thin. The less disruption an AI solution introduces, the more likely it is to gain traction. This is the reason solution developers are turning to platforms like Mayo Clinic Platform Solutions Studio, a program that provides seamless integration, single implementation, expert guidance to reduce risk, and a simplified process to accelerate solution adoption among healthcare providers.  Explainability and transparency The importance of trust cannot be overstated when it comes to health care, and transparency and explainability are critical to establishing trust in AI. As AI models grow more complex, health-care providers recognize that simply knowing what an algorithm predicts isn’t enough. They also need to understand how it arrived at that insight. Health-care organizations are increasingly wary of black-box AI systems whose logic remains opaque. Instead, they’re demanding solutions that offer clear, understandable explanations clinicians can relay confidently to peers, patients, and regulators. As McKinsey research shows, organizations that embed explainability into their AI strategy not only reduce risk but also see higher adoption, better performance outcomes, and stronger financial returns. Solution developers that can demystify their models, provide transparent performance metrics, and build trust at every level will have a significant edge in today’s health-care market. Clear ROI and low implementation burden Hospitals and health systems want to know precisely how quickly an AI solution will pay for itself, how much staff time it will save, and what costs it will help offset. The more specific and evidence-backed the answers, the better rate of adoption.

Solution developers that offer comprehensive training and responsive support are far more likely to win deals and keep customers satisfied over the long term. Alignment with regulatory and compliance needs As AI adoption grows, so does regulatory scrutiny. Health-care providers are increasingly focused on ensuring that any new solution complies with HIPAA, data privacy laws, and emerging guidelines around AI governance and bias mitigation. Solution developers that can proactively demonstrate compliance provide significant peace of mind. Transparent data handling practices, rigorous security measures, and alignment with ethical AI principles are all becoming essential selling points as well. A solution developer that understands health care Finally, it’s not just about the technology. Health-care providers want partners that genuinely understand the complexities of clinical care and hospital operations. They’re looking for partners that speak the language of health care, grasp the nuances of change management, and appreciate the realities of delivering patient care under tight margins and high stakes. Successful AI vendors recognize that even the best technology must fit into a highly human-centered and often unpredictable environment. Long-term partnerships, not short-term sales, are the goal. Delivering true value with AI To earn their trust and investment, AI developers must focus relentlessly on solving real problems, demonstrating proven results, integrating without friction, and maintaining transparency and compliance. Those that deliver on these expectations will have the chance to help shape the future of health care. This content was produced by Mayo Clinic Platform. It was not written by MIT Technology Review’s editorial staff.

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How healthcare accelerator programs are changing care

Provided byMayo Clinic Platform As healthcare faces mounting pressures, from rising costs and an aging population to widening disparities, forward thinking innovations are more essential than ever. Accelerator programs have proven to be powerful launchpads for health tech companies, often combining resources, mentorship, and technology that startups otherwise would not have access to. By joining these fast-moving platforms, startups are better able to rapidly innovate, enhance, and scale their healthcare solutions, bringing transformative approaches to hospitals and patients faster. So, why are healthcare accelerators becoming essential to the evolution of the industry? There are key reasons why these programs are reshaping health innovation and explanations how they are helping to make care more personalized, proactive, and accessible. Empowering growth and scaling impact        Healthcare accelerator programs offer a powerful combination of guidance, resources, and connections to help early-stage startups grow, scale, and succeed in a complex industry. 
Participants typically benefit from:  Expert mentorship from seasoned healthcare professionals, entrepreneurs, and industry leaders to navigate clinical, regulatory, and business challenges Access to valuable resources such as clinical data, testing environments, and technical infrastructure to refine and validate health tech solutions Strategic support for growth including investor introductions, partnership opportunities, and go-to-market guidance to expand reach and impact  Speeding up innovation  Accelerators help startups and early-stage companies bring their solutions to market faster by streamlining the path through one of the most complex industries: healthcare. Traditionally, innovation in this space is slowed by regulatory hurdles, extended sales cycles, clinical validation requirements, and fragmented data systems.  
Through structured support, accelerators help companies refine their product market fit, navigate compliance and regulatory landscapes, integrate with healthcare systems, and gather the clinical evidence needed to build trust and credibility. They also open doors to early pilot opportunities, customer feedback, and strategic partnerships, compressing what could take years into just a few months.  By removing barriers and accelerating critical early steps, these programs enable digital health innovators to reach the market more efficiently, with stronger solutions and a clearer path to impact.  Connecting startups with key stakeholders  Today, many accelerator programs are developed by large healthcare organizations that are driving change from within. These accelerator programs are especially beneficial to startups since they have strong partnerships with hospitals, pharma companies, insurance providers, and regulators. This gives startups a chance to validate their ideas in real-world settings, gather clinical feedback early, and scale more effectively.   Many accelerators also bring together people from different fields; doctors, engineers, data scientists, and designers, encouraging fresh perspectives on persistent problems like chronic disease management, preventative care, data interoperability, and patient engagement.  Breaking barriers to global expansion  Healthcare accelerator programs act as gateways for international digital health companies looking to enter the U.S. market, often considered one of the most complex and highly regulated healthcare landscapes in the world. These programs provide tailored support to navigate U.S. compliance standards, understand payer and provider dynamics, and tailor offerings to meet the needs of U.S. patients and care delivery models.  Through market-specific mentorship, strategic introductions, and access to a robust health innovation ecosystem, accelerators help international startups overcome geographic and regulatory barriers, enabling global ideas to scale and make an impact where they’re needed most.  Building the future of healthcare The role of healthcare accelerator programs extends far beyond startup support. They are helping to redefine how innovation happens, shifting it from isolated efforts to collaborative ecosystems of change. By bridging gaps between early-stage technology and real-world implementation, these programs play a critical role in making healthcare more personalized, preventative, and equitable. As the digital transformation of healthcare continues, accelerator programs will remain indispensable in cultivating the next generation of breakthroughs, ensuring that bold ideas are not only born, but brought to life in meaningful, measurable ways.

Spotlight: Mayo Clinic Platform_Accelerate One standout example of this innovation-forward approach is Mayo Clinic Platform_Accelerate, a 30-week accelerator program designed to help health tech startups reach market readiness. Participants gain access to de-identified clinical data, prototyping labs, and guidance from experts across clinical, regulatory, and business domains. By combining Mayo Clinic’s legacy of clinical excellence with a forward-thinking innovation model, the Mayo Clinic Platform_Accelerate program helps promising startups to refine their solutions and prepare for meaningful scale, transforming how care is delivered across the continuum. Finding value in accelerator programs In a time when healthcare must evolve faster than ever, accelerator programs have become vital to the industry’s future. By supporting early-stage innovators with the tools, mentorship, and networks they need to succeed, these programs are paving the way for smarter, safer, and more connected care. Whether tackling chronic disease, reimagining patient engagement, or unlocking the power of data, the startups nurtured in accelerator programs are helping to shape a more resilient and responsive health system, one innovation at a time. This content was produced by Mayo Clinic Platform. It was not written by MIT Technology Review’s editorial staff.

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Can an AI doppelgänger help me do my job?

Everywhere I look, I see AI clones. On X and LinkedIn, “thought leaders” and influencers offer their followers a chance to ask questions of their digital replicas. OnlyFans creators are having AI models of themselves chat, for a price, with followers. “Virtual human” salespeople in China are reportedly outselling real humans.  Digital clones—AI models that replicate a specific person—package together a few technologies that have been around for a while now: hyperrealistic video models to match your appearance, lifelike voices based on just a couple of minutes of speech recordings, and conversational chatbots increasingly capable of holding our attention. But they’re also offering something the ChatGPTs of the world cannot: an AI that’s not smart in the general sense, but that ‘thinks’ like you do.  Who are they for? Delphi, a startup that recently raised $16 million from funders including Anthropic and actor/director Olivia Wilde’s venture capital firm, Proximity Ventures, helps famous people create replicas that can speak with their fans in both chat and voice calls. It feels like MasterClass—the platform for instructional seminars led by celebrities—vaulted into the AI age. On its website, Delphi writes that modern leaders “possess potentially life-altering knowledge and wisdom, but their time is limited and access is constrained.” It has a library of official clones created by famous figures that you can speak with. Arnold Schwarzenegger, for example, told me, “I’m here to cut the crap and help you get stronger and happier,” before informing me cheerily that I’ve now been signed up to receive the Arnold’s Pump Club newsletter. Even if his or other celebrities’ clones fall short of Delphi’s lofty vision of spreading “personalized wisdom at scale,” they at least seem to serve as a funnel to find fans, build mailing lists, or sell supplements.
But what about for the rest of us? Could well-crafted clones serve as our stand-ins? I certainly feel stretched thin at work sometimes, wishing I could be in two places at once, and I bet you do too. I could see a replica popping into a virtual meeting with a PR representative, not to trick them into thinking it’s the real me, but simply to take a brief call on my behalf. A recording of this call might summarize how it went.  To find out, I tried making a clone. Tavus, a Y Combinator alum that raised $18 million last year, will build a video avatar of you (plans start at $59 per month) that can be coached to reflect your personality and can join video calls. These clones have the “emotional intelligence of humans, with the reach of machines,” according to the company. “Reporter’s assistant” does not appear on the company’s site as an example use case, but it does mention therapists, physician’s assistants, and other roles that could benefit from an AI clone.
For Tavus’s onboarding process, I turned on my camera, read through a script to help it learn my voice (which also acted as a waiver, with me agreeing to lend my likeness to Tavus), and recorded one minute of me just sitting in silence. Within a few hours, my avatar was ready. Upon meeting this digital me, I found it looked and spoke like I do (though I hated its teeth). But faking my appearance was the easy part. Could it learn enough about me and what topics I cover to serve as a stand-in with minimal risk of embarrassing me? Via a helpful chatbot interface, Tavus walked me through how to craft my clone’s personality, asking what I wanted the replica to do. It then helped me formulate instructions that became its operating manual. I uploaded three dozen of my stories that it could use to reference what I cover. It may have benefited from having more of my content—interviews, reporting notes, and the like—but I would never share that data for a host of reasons, not the least of which being that the other people who appear in it have not consented to their sides of our conversations being used to train an AI replica. So in the realm of AI—where models learn from entire libraries of data—I didn’t give my clone all that much to learn from, but I was still hopeful it had enough to be useful.  Alas, conversationally it was a wild card. It acted overly excited about story pitches I would never pursue. It repeated itself, and it kept saying it was checking my schedule to set up a meeting with the real me, which it could not do as I never gave it access to my calendar. It spoke in loops, with no way for the person on the other end to wrap up the conversation.  These are common early quirks, Tavus’s cofounder Quinn Favret told me. The clones typically rely on Meta’s Llama model, which “often aims to be more helpful than it truly is,” Favret says, and developers building on top of Tavus’s platform are often the ones who set instructions for how the clones finish conversations or access calendars. For my purposes, it was a bust. To be useful to me, my AI clone would need to show at least some basic instincts for understanding what I cover, and at the very least not creep out whoever’s on the other side of the conversation. My clone fell short. Such a clone could be helpful in other jobs, though. If you’re an influencer looking for ways to engage with more fans, or a salesperson for whom work is a numbers game and a clone could give you a leg up, it might just work. You run the risk that your replica could go off the rails or embarrass the real you, but the tradeoffs might be reasonable.  Favret told me some of Tavus’s bigger customers are companies using clones for health-care intake and job interviews. Replicas are also being used in corporate role-play, for practicing sales pitches or having HR-related conversations with employees, for example.

But companies building clones are promising that they will be much more than cold-callers or telemarketing machines. Delphi says its clones will offer “meaningful, personal interactions at infinite scale,” and Tavus says its replicas have “a face, a brain, and memories” that enable “meaningful face-to-face conversations.” Favret also told me a growing number of Tavus’s customers are building clones for mentorship and even decision-making, like AI loan officers who use clones to qualify and filter applicants. Which is sort of the crux of it. Teaching an AI clone discernment, critical thinking, and taste—never mind the quirks of a specific person—is still the stuff of science fiction. That’s all fine when the person chatting with a clone is in on the bit (most of us know that Schwarzenegger’s replica, for example, will not coach me to be a better athlete). But as companies polish clones with “human” features and exaggerate their capabilities, I worry that people chasing efficiency will start using their replicas at best for roles that are cringeworthy, and at worst for making decisions they should never be entrusted with. In the end, these models are designed for scale, not fidelity. They can flatter us, amplify us, even sell for us—but they can’t quite become us. This story originally appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here.

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Therapists are secretly using ChatGPT. Clients are triggered.

Declan would never have found out his therapist was using ChatGPT had it not been for a technical mishap. The connection was patchy during one of their online sessions, so Declan suggested they turn off their video feeds. Instead, his therapist began inadvertently sharing his screen. “Suddenly, I was watching him use ChatGPT,” says Declan, 31, who lives in Los Angeles. “He was taking what I was saying and putting it into ChatGPT, and then summarizing or cherry-picking answers.” Declan was so shocked he didn’t say anything, and for the rest of the session he was privy to a real-time stream of ChatGPT analysis rippling across his therapist’s screen. The session became even more surreal when Declan began echoing ChatGPT in his own responses, preempting his therapist.  “I became the best patient ever,” he says, “because ChatGPT would be like, ‘Well, do you consider that your way of thinking might be a little too black and white?’ And I would be like, ‘Huh, you know, I think my way of thinking might be too black and white,’ and [my therapist would] be like, ‘Exactly.’ I’m sure it was his dream session.”
Among the questions racing through Declan’s mind was, “Is this legal?” When Declan raised the incident with his therapist at the next session—“It was super awkward, like a weird breakup”—the therapist cried. He explained he had felt they’d hit a wall and had begun looking for answers elsewhere. “I was still charged for that session,” Declan says, laughing. The large language model (LLM) boom of the past few years has had unexpected ramifications for the field of psychotherapy, mostly due to the growing number of people substituting the likes of ChatGPT for human therapists. But less discussed is how some therapists themselves are integrating AI into their practice. As in many other professions, generative AI promises tantalizing efficiency savings, but its adoption risks compromising sensitive patient data and undermining a relationship in which trust is paramount.
Suspicious sentiments Declan is not alone, as I can attest from personal experience. When I received a recent email from my therapist that seemed longer and more polished than usual, I initially felt heartened. It seemed to convey a kind, validating message, and its length made me feel that she’d taken the time to reflect on all of the points in my (rather sensitive) email. On closer inspection, though, her email seemed a little strange. It was in a new font, and the text displayed several AI “tells,” including liberal use of the Americanized em dash (we’re both from the UK), the signature impersonal style, and the habit of addressing each point made in the original email line by line. My positive feelings quickly drained away, to be replaced by disappointment and mistrust, once I realized ChatGPT likely had a hand in drafting the message—which my therapist confirmed when I asked her. Despite her assurance that she simply dictates longer emails using AI, I still felt uncertainty over the extent to which she, as opposed to the bot, was responsible for the sentiments expressed. I also couldn’t entirely shake the suspicion that she might have pasted my highly personal email wholesale into ChatGPT. When I took to the internet to see whether others had had similar experiences, I found plenty of examples of people receiving what they suspected were AI-generated communiqués from their therapists. Many, including Declan, had taken to Reddit to solicit emotional support and advice. So had Hope, 25, who lives on the east coast of the US, and had direct-messaged her therapist about the death of her dog. She soon received a message back. It would have been consoling and thoughtful—expressing how hard it must be “not having him by your side right now”—were it not for the reference to the AI prompt accidentally preserved at the top: “Here’s a more human, heartfelt version with a gentle, conversational tone.” Hope says she felt “honestly really surprised and confused.” “It was just a very strange feeling,” she says. “Then I started to feel kind of betrayed. … It definitely affected my trust in her.” This was especially problematic, she adds, because “part of why I was seeing her was for my trust issues.” Hope had believed her therapist to be competent and empathetic, and therefore “never would have suspected her to feel the need to use AI.” Her therapist was apologetic when confronted, and she explained that because she’d never had a pet herself, she’d turned to AI for help expressing the appropriate sentiment. 

A disclosure dilemma  Betrayal or not, there may be some merit to the argument that AI could help therapists better communicate with their clients. A 2025 study published in PLOS Mental Health asked therapists to use ChatGPT to respond to vignettes describing problems of the kind patients might raise in therapy. Not only was a panel of 830 participants unable to distinguish between the human and AI responses, but AI responses were rated as conforming better to therapeutic best practice.  However, when participants suspected responses to have been written by ChatGPT, they ranked them lower. (Responses written by ChatGPT but misattributed to therapists received the highest ratings overall.)  Similarly, Cornell University researchers found in a 2023 study that AI-generated messages can increase feelings of closeness and cooperation between interlocutors, but only if the recipient remains oblivious to the role of AI. The mere suspicion of its use was found to rapidly sour goodwill. “People value authenticity, particularly in psychotherapy,” says Adrian Aguilera, a clinical psychologist and professor at the University of California, Berkeley. “I think [using AI] can feel like, ‘You’re not taking my relationship seriously.’ Do I ChatGPT a response to my wife or my kids? That wouldn’t feel genuine.” In 2023, in the early days of generative AI, the online therapy service Koko conducted a clandestine experiment on its users, mixing in responses generated by GPT-3 with ones drafted by humans. They discovered that users tended to rate the AI-generated responses more positively. The revelation that users had unwittingly been experimented on, however, sparked outrage. The online therapy provider BetterHelp has also been subject to claims that its therapists have used AI to draft responses. In a Medium post, photographer Brendan Keen said his BetterHelp therapist admitted to using AI in their replies, leading to “an acute sense of betrayal” and persistent worry, despite reassurances, that his data privacy had been breached. He ended the relationship thereafter.  A BetterHelp spokesperson told us the company “prohibits therapists from disclosing any member’s personal or health information to third-party artificial intelligence, or using AI to craft messages to members to the extent it might directly or indirectly have the potential to identify someone.” All these examples relate to undisclosed AI usage. Aguilera believes time-strapped therapists can make use of LLMs, but transparency is essential. “We have to be up-front and tell people, ‘Hey, I’m going to use this tool for X, Y, and Z’ and provide a rationale,” he says. People then receive AI-generated messages with that prior context, rather than assuming their therapist is “trying to be sneaky.”
Psychologists are often working at the limits of their capacity, and levels of burnout in the profession are high, according to 2023 research conducted by the American Psychological Association. That context makes the appeal of AI-powered tools obvious.  But lack of disclosure risks permanently damaging trust. Hope decided to continue seeing her therapist, though she stopped working with her a little later for reasons she says were unrelated. “But I always thought about the AI Incident whenever I saw her,” she says.
Risking patient privacy Beyond the transparency issue, many therapists are leery of using LLMs in the first place, says Margaret Morris, a clinical psychologist and affiliate faculty member at the University of Washington. “I think these tools might be really valuable for learning,” she says, noting that therapists should continue developing their expertise over the course of their career. “But I think we have to be super careful about patient data.” Morris calls Declan’s experience “alarming.”  Therapists need to be aware that general-purpose AI chatbots like ChatGPT are not approved by the US Food and Drug Administration and are not HIPAA compliant, says Pardis Emami-Naeini, assistant professor of computer science at Duke University, who has researched the privacy and security implications of LLMs in a health context. (HIPAA is a set of US federal regulations that protect people’s sensitive health information.) “This creates significant risks for patient privacy if any information about the patient is disclosed or can be inferred by the AI,” she says. In a recent paper, Emami-Naeini found that many users wrongly believe ChatGPT is HIPAA compliant, creating an unwarranted sense of trust in the tool. “I expect some therapists may share this misconception,” she says. As a relatively open person, Declan says, he wasn’t completely distraught to learn how his therapist was using ChatGPT. “Personally, I am not thinking, ‘Oh, my God, I have deep, dark secrets,’” he said. But it did still feel violating: “I can imagine that if I was suicidal, or on drugs, or cheating on my girlfriend … I wouldn’t want that to be put into ChatGPT.”
When using AI to help with email, “it’s not as simple as removing obvious identifiers such as names and addresses,” says Emami-Naeini. “Sensitive information can often be inferred from seemingly nonsensitive details.” She adds, “Identifying and rephrasing all potential sensitive data requires time and expertise, which may conflict with the intended convenience of using AI tools. In all cases, therapists should disclose their use of AI to patients and seek consent.”  A growing number of companies, including Heidi Health, Upheal, Lyssn, and Blueprint, are marketing specialized tools to therapists, such as AI-assisted note-taking, training, and transcription services. These companies say they are HIPAA compliant and store data securely using encryption and pseudonymization where necessary. But many therapists are still wary of the privacy implications—particularly of services that necessitate the recording of entire sessions. “Even if privacy protections are improved, there is always some risk of information leakage or secondary uses of data,” says Emami-Naeini.
A 2020 hack on a Finnish mental health company, which resulted in tens of thousands of clients’ treatment records being accessed, serves as a warning. People on the list were blackmailed, and subsequently the entire trove was publicly released, revealing extremely sensitive details such as peoples’ experiences of child abuse and addiction problems. What therapists stand to lose In addition to violation of data privacy, other risks are involved when psychotherapists consult LLMs on behalf of a client. Studies have found that although some specialized therapy bots can rival human-delivered interventions, advice from the likes of ChatGPT can cause more harm than good. A recent Stanford University study, for example, found that chatbots can fuel delusions and psychopathy by blindly validating a user rather than challenging them, as well as suffer from biases and engage in sycophancy. The same flaws could make it risky for therapists to consult chatbots on behalf of their clients. They could, for example, baselessly validate a therapist’s hunch, or lead them down the wrong path. Aguilera says he has played around with tools like ChatGPT while teaching mental health trainees, such as by entering hypothetical symptoms and asking the AI chatbot to make a diagnosis. The tool will produce lots of possible conditions, but it’s rather thin in its analysis, he says. The American Counseling Association recommends that AI not be used for mental health diagnosis at present. A study published in 2024 of an earlier version of ChatGPT similarly found it was too vague and general to be truly useful in diagnosis or devising treatment plans, and it was heavily biased toward suggesting people seek cognitive behavioral therapy as opposed to other types of therapy that might be more suitable. Daniel Kimmel, a psychiatrist and neuroscientist at Columbia University, conducted experiments with ChatGPT where he posed as a client having relationship troubles. He says he found the chatbot was a decent mimic when it came to “stock-in-trade” therapeutic responses, like normalizing and validating, asking for additional information, or highlighting certain cognitive or emotional associations. However, “it didn’t do a lot of digging,” he says. It didn’t attempt “to link seemingly or superficially unrelated things together into something cohesive … to come up with a story, an idea, a theory.” “I would be skeptical about using it to do the thinking for you,” he says. Thinking, he says, should be the job of therapists. Therapists could save time using AI-powered tech, but this benefit should be weighed against the needs of patients, says Morris: “Maybe you’re saving yourself a couple of minutes. But what are you giving away?”

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The Download: AI doppelgängers in the workplace, and using lidar to measure climate disasters

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.  Can an AI doppelgänger help me do my job? —James O’Donnell Digital clones—AI models that replicate a specific person—package together a few technologies that have been around for a while now: hyperrealistic video models to match your appearance, lifelike voices based on just a couple of minutes of speech recordings, and conversational chatbots increasingly capable of holding our attention. 
But they’re also offering something the ChatGPTs of the world cannot: an AI that’s not smart in the general sense, but that ‘thinks’ like you do.Could well-crafted clones serve as our stand-ins? I certainly feel stretched thin at work sometimes, wishing I could be in two places at once, and I bet you do too. To find out, I tried making a clone of myself. Read the full story to find out how it got on. This story originally appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here.
How lidar measures the cost of climate disasters The wildfires that swept through Los Angeles County this January left an indelible mark on the Southern California landscape. The Eaton and Palisades fires raged for 24 days, killing 29 people and destroying 16,000 structures, with losses estimated at $60 billion. More than 55,000 acres were consumed, and the landscape itself was physically transformed. Now, researchers are using lidar (light detection and ranging) technology to precisely measure these changes in the landscape’s geometry—helping them understand and track the cascading effects of climate disasters. Read the full story.—Jon KeeganThis story is from our new print edition, which is all about the future of security. Subscribe here to catch future copies when they land. Here’s how we picked this year’s Innovators Under 35 Next Monday we’ll publish our 2025 list of Innovators Under 35. The list highlights smart and talented people working across many areas of emerging technology. This new class features 35 accomplished founders, hardware engineers, roboticists, materials scientists, and others who are already tackling tough problems and making big moves in their careers.  MIT Technology Review first published a list of Innovators Under 35 in 1999. It’s a grand tradition for us, and we often follow the work of various featured innovators for years, even decades, after they appear on the list. So before the big announcement, we’d like to take a moment to explain how we select the people we recognize each year. Read the full story.

—Amy Nordrum The must-reads I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology. 1 Meta created flirty chatbots of celebrities without their permissionTo make matters worse, the bots generated risqué pictures on demand. (Reuters)+ Meta’s relationship with Scale AI appears to be under pressure. (TechCrunch)+ An AI companion site is hosting sexually charged conversations with underage celebrity bots. (MIT Technology Review) 2 The FTC has warned Big Tech not to comply with EU lawsIf they jeopardize the freedom of expression or safety of US citizens, at least. (Wired $) 3 Ukraine is using drones to drop supplies to its troops in trenchesThey’re delivering everything from cigarettes to roasted chicken. (WP $)+ Meet the radio-obsessed civilian shaping Ukraine’s drone defense. (MIT Technology Review) 4 What the collapse of this AI company says about the wider industryBuilder.ai was an early industry darling. Its downfall is a dire warning. (NYT $)
5 US shoppers are racing to land an EV bargainFederal tax credits on the vehicles expire at the end of the month. (WSJ $)+ The US could really use an affordable electric truck. (MIT Technology Review) 6 A major new project will use AI to research vaccinesThe Oxford Vaccine Group hopes the jabs will protect against deadly pathogens. (FT $)+ Why US federal health agencies are abandoning mRNA vaccines. (MIT Technology Review)
7 A lot of people stop taking weight-loss drugs within one yearHow should doctors encourage the ones who need to stay on them? (Undark)+ We’re learning more about what weight-loss drugs do to the body. (MIT Technology Review) 8 Chatbots can be manipulated into breaking their own rulesIt turns out they’re susceptible to both flattery and peer pressure. (The Verge)+ Forcing LLMs to be evil during training can make them nicer in the long run. (MIT Technology Review) 9 Tennis is trying to reach a new generation of fans 🎾Through…the metaverse? (The Information $)10 The age of cheap online shopping is endingAnd consumers are the ones paying the price. (The Atlantic $)+ AI is starting to shake up the digital shopping experience, too. (FT $)+ Your most important customer may be AI. (MIT Technology Review) Quote of the day “Stop being a clanker!”
—How Jay Pinkert, a marketing manager, scolds ChatGPT when it isn’t fulfilling his requests, he tells the New York Times. One more thing The algorithms around usA metronome ticks. A record spins. And as a feel-good pop track plays, a giant compactor slowly crushes a Jenga tower of material creations. Paint cans burst. Chess pieces topple. Camera lenses shatter. An alarm clock shrills and then goes silent. A guitar neck snaps. But wait! The jaunty tune starts up again, and the jaws open to reveal … an iPad.Watching Apple’s now-infamous “Crush!” ad, it’s hard not to feel uneasy about the ways in which digitization is remaking human life. Sure, we’re happy for computers to take over tasks we don’t want to do or aren’t particularly good at, like shopping or navigating. But what does it mean when the things we hold dear and thought were uniquely ours—our friendships, our art, even our language and creativity—can be reduced to software? Read the full story.
—Ariel Bleicher 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.) + Minnesota’s Llama-Alpaca Costume Contest looks an utter delight  (thanks Amy!)+ In fascinating collab news, David Byrne and Paramore’s Hayley Williams are working on a song for a Netflix adaptation of Roald Dahl’s The Twits.+ Happy birthday to Gloria Estefan, 68 years old today!+ M. Night Shyamalan’s oeuvre is a decidedly mixed bag. Check out this list of his movies to see where your favorites (and least-favorites) rank.

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Here’s how we picked this year’s Innovators Under 35

Next week, we’ll publish our 2025 list of Innovators Under 35, highlighting smart and talented people who are working in many areas of emerging technology. This new class features 35 accomplished founders, hardware engineers, roboticists, materials scientists, and others who are already tackling tough problems and making big moves in their careers. All are under the age of 35.  One is developing a technology to reduce emissions from shipping, while two others are improving fertility treatments and creating new forms of contraception. Another is making it harder for people to maliciously share intimate images online. And quite a few are applying artificial intelligence to their respective fields in novel ways.  We’ll also soon reveal our 2025 Innovator of the Year, whose technical prowess is helping physicians diagnose and treat critically ill patients more quickly. What’s more (here’s your final hint), our winner even set a world record as a result of this work.  MIT Technology Review first published a list of Innovators Under 35 in 1999. It’s a grand tradition for us, and we often follow the work of various featured innovators for years, even decades, after they appear on the list. So before the big announcement, I want to take a moment to explain how we select the people we recognize each year. 
Step 1: Call for nominations Our process begins with a call for nominations, which typically goes out in the final months of the previous year and is open to anyone, anywhere in the world. We encourage people to nominate themselves, which takes just a few minutes. This method helps us discover people doing important work that we might not otherwise encounter.  This year we had 420 nominations. Two-thirds of our candidates were put forward by someone else and one-third nominated themselves. We received nominations for people located in about 40 countries. Nearly 70% were based in the United States, with the UK, Switzerland, China, and the United Arab Emirates, respectively, having the next-highest concentrations. 
After nominations close, a few editors then spend several weeks reviewing the nominees and selecting semifinalists. During this phase, we look for people who have developed practical solutions to societal issues or made important scientific advances that could translate into new technologies. Their work should have the potential for broad impact—it can’t be niche or incremental. And what’s unique about their approach must be clear.  Step 2: Semifinalist applications  This year, we winnowed our initial list of hundreds of nominees to 108 semifinalists. Then we asked those entrants for more information to help us get to know them better and evaluate their work.  We request three letters of reference and a résumé from each semifinalist, and we ask all of them to answer a few short questions about their work. We also give them the option to share a video or pass along relevant journal articles or other links to help us learn more about what they do. Step 3: Expert judges weigh in Next, we bring in dozens of experts to vet the semifinalists. This year, 38 judges evaluated and scored the applications. We match the contenders with judges who work in similar fields whenever possible. At least two judges review each entrant, though most are seen by three.  All these judges volunteer their time, and some return to help year after year. A few of our longtime judges include materials scientists Yet-Ming Chiang (MIT) and Julia Greer (Caltech), MIT neuroscientist Ed Boyden, and computer scientist Ben Zhao of the University of Chicago.  John Rogers, a materials scientist and biomedical engineer at Northwestern University, has been a judge for more than a decade (and was featured on our very first Innovators list, in 1999). Here’s what he had to say about why he stays involved: “This award is compelling because it recognizes young people with scientific achievements that are not only of fundamental interest but also of practical significance, at the highest levels.”  Step 4: Editors make the final calls  In a final layer of vetting, editors who specialize in covering biotechnology, climate and energy, and artificial intelligence review the semifinalists whom judges scored highly in their respective areas. Staff editors and reporters can also nominate people they’ve come across in their coverage, and we add them to the mix for consideration.  Last, a small team of senior editors reviews all the semifinalists and the judges’ scores, as well as our own staff’s recommendations, and selects 35 honorees. We aim for a good combination of people from a variety of disciplines working in different regions of the world. And we take a staff vote to pick an Innovator of the Year—someone whose work we particularly admire.  In the end, it’s impossible to include every deserving individual on our list. But by incorporating both external nominations and outside expertise from our judges, we aim to make the evaluation process as rigorous and open as possible.   So who made the cut this year? Come back on September 8 to find out.

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Chevron takes over operatorship of block offshore Uruguay

Chevron Corp. has officially taken over operatorship of AREA OFF-1 block in Uruguay and 3D seismic acquisition on the block is expected late in this year’s fourth quarter. Handover of the South American block occurred in first-half 2025, partner Challenger Energy Group PLC said in a half-year report Sept. 3. In November 2024, Chevron completed a farm-in with Challenger to acquire a 60% interest in the offshore block, along with “various work streams necessary to prepare for 3D seismic acquisition,” Challenger’s chief executive officer Eytan Uliel told stakeholders. Uliel noted the start of seismic acquisition is still subject to finalization of permitting by the Uruguayan Ministry of Environment, “a process which is well advanced,” he said. In July, Challenger said the Ministry has consultations planned ahead of permit issuances, and that a final consultation was expected late that month. At the time, Challenger said it expected permits to be granted in August/September.  Chevron will carry the full cost of the seismic campaign up to a total program cost of $37.5 million. The 14,557-sq km block lies about 100 km offshore in water depths of 80-1,000 m, and holds prospective inventory of about 2 billion bbl of recoverable resource (Pmean) through multiple prospects (Teru Teru, Anapero, Lenteja) in a range of play types, according to Challenger.  Elsewhere in Uruguay, Challenger progressed work at the 13,000 sq km AREA OFF-3 block, substantially completing its planned technical work program in August. The primary geotechnical work focused on the licensing, reprocessing, and interpretation of a 1,250 sq km 3D seismic data set. Other subsurface studies addressed the geochemistry and further de-risked AREA OFF-3 exploration potential, the company said. The company began a formal farmout process for the block on Sept. 1.

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Equinor signs heads of agreement for Bay du Nord FPSO

Equinor Canada Ltd. signed a head of agreement (HoA) with BW Offshore, confirming its selection as preferred bidder for the floating production, storage and offloading (FPSO) unit for the Bay du Nord deepwater oil project offshore Newfoundland and Labrador, Canada. Equinor operates Bay du Nord, Canada’s first deepwater oil project, in partnership with bp plc. The project holds an estimated 400 million bbl of recoverable light crude in its initial phase. The oil discovery lies in the Jurassic reservoirs of the Flemish Pass basin, about 500 km east of St. John’s in 1,170 m of water. Later discoveries, and potential tie-ins, lie in adjacent exploration licence EL1156 (Cappahayden and Cambriol) in waters about 650 m deep.  Development of  the project was postposedin 2023 for up to 3 years due to “changing market conditions and subsequent high cost inflation,” according to Equinor. During that time, however, Equinor and bp have advanced work to actively mature the project toward future development.  Under the newly signed HoA, Equinor and BW Offshore will continue to advance discussions on all technical and commercial aspects of the FPSO project. These include further maturation of design through front-end engineering design (FEED) work, and agreeing on a commercial solution. The FPSO will be tailored for the harsh environment of the sub-Arctic. The unit is expected to support production of up to 160,000 b/d of oil and will feature a disconnectable turret system and extensive winterization, BW Offshore said. The topside will include emission reduction initiatives such as high-efficiency power generation and heat recovery, variable speed drives and a closed flare system. The FPSO also will be designed for future tiebacks. Following pre-FEED completion mid-September, the two companies are expected to enter into a bridging phase to prepare for FEED in early 2026, subject to approvals by Equinor and bp.

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Plains to acquire 55% interest in EPIC Crude from Diamondback, Kinetik

A Plains All American Pipeline LP and Plains GP Holdings subsidiary has agreed to acquire from subsidiaries of Diamondback Energy Inc. and Kinetik Holdings Inc. a 55% non-operated interest in EPIC Crude Holdings LP, the entity that owns and operates the EPIC crude oil pipeline, in a deal valued at about $1.57 billion, inclusive of about $600 million of debt. “By further linking our Permian and Eagle Ford gathering systems to Corpus Christi, we are enhancing market access and ensuring our customers have reliable, cost-effective routes to multiple demand centers,” said Plains chairman, chief executive officer, and president, Willie Chiang.  Plains also has agreed to a potential $193 million earnout payment should an expansion of the pipeline to a capacity of at least 900,000 b/d be formally sanctioned before yearend 2027. Diamondback Energy and Kinetik Holdings each agreed to sell their respective 27.5% equity interest, which they reached with acquisitions in September 2024, for about $500 million in net upfront cash and a $96 million share of the total potential $193-million contingent cash payment related to the potential expansion. Diamondback will maintain its commercial relationship with the EPIC Crude and Plains teams as an anchor shipper on the EPIC Crude pipeline, said Kaes Van’t Hof, chief executive officer and director of Diamondback Energy, in a separate release Sept. 2. The remaining 45% interest in EPIC Crude Holdings is owned by a portfolio company of Ares Management Corp. (EPIC Management), which also serves as operator. The EPIC assets include over 800 miles of long-haul crude oil takeaway from the Permian and Eagle Ford basins to the Gulf Coast market at Corpus Christi, Tex., with current operating capacity over 600,000 b/d. Other assets include total operational storage of about 7 million bbl and over 200,000 b/d of export capacity. EPIC Crude includes terminals

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India Will Keep Buying Russian Oil, FinMin Says

India’s Finance Minister Nirmala Sitharaman said the country will continue buying Russian oil, signaling its intent to defy US President Donald Trump’s persistent demands to halt the purchases.  “Where we buy our oil from, especially a big-ticket foreign exchange item where we pay so much, highest in terms of import, we will have to take a call on what suits us best,” Sitharaman said in an interview with News18 television on Friday. “We will undoubtedly be buying.” The comments come as New Delhi has kept up its purchases of Russian oil, saying it will continue to do so as long as it’s financially viable. India has been the largest buyer of Russian seaborne crude as the discounted barrels have helped the world’s third largest oil consumer keep its import bill in check. The move has irked the Trump administration, which doubled tariffs on the South Asian nation to 50%, among the highest in the world. Commerce Secretary Howard Lutnick in an interview with Bloomberg TV reiterated the White House’s demand that India stop buying Russian oil. Separately, Trump hit out at India and Russia once again on Friday for strengthening ties with China.  US President Donald Trump writes on Truth Social, “Looks like we’ve lost India and Russia to deepest, darkest, China. May they have a long and prosperous future together!” pic.twitter.com/psIJcs8RhW — ANI (@ANI) September 5, 2025 Prime Minister Narendra Modi and Russian President Vladimir Putin met Chinese President Xi Jinping at the Shanghai Cooperation Organisation Summit in Tianjin earlier this week. The leaders discussed cooperation in areas ranging from energy to security. On India’s deepening relationship with China, Sitharaman said that New Delhi and Beijing must hold meaningful discussions on market access and non-tariff barriers. She said a long-term trading partnership “will take time” to develop and needs “sincere engagement” from both

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Nuclear power is failing, and AI can’t rescue it

Amory Lovins teaches engineering at Stanford, and is cofounder and chairman emeritus of RMI.  An intensive influence campaign seeks to resurrect a “nuclear renaissance” from the industry’s slow-motion collapse documented in the independent annual World Nuclear Industry Status Report. Claims that past failures won’t recur have convinced many politicians that socializing nuclear investments rejected by private capital markets, weakening or bypassing rigorous safety regulation, suppressing market competition, and commanding military reactor and data-center projects as a national-security imperative will restore nuclear expansion and transform the economy. This illusion neatly fits the industry’s business-model shift from selling products to harvesting subsidies. A few awkward facts intrude. Even the most skilled firms and nations keep delivering big reactors with several times the promised cost and construction time. A swarm of startup firms that have never built a reactor are dubiously rebranding their inexperience as a winning advantage. New designs are said to be so safe they don’t need normal precautions (though not safe enough to waive nuclear energy’s unique exemption from accident liability). Political interference in nuclear licensing is eroding public confidence. Proposed smaller reactors cost more per kWh, produce more nuclear waste per kWh, and often need more-concentrated fuel directly usable for nuclear weapons. And nuclear power faces the same fundamental challenges as fossil fuels: uncompetitive costs, runaway competitors, dwindling profits, and uncertain demand. Few if any vendors have made profits selling reactors — only fueling and fixing them. Nuclear electricity loses in open auctions, so only Congressional bailouts — $27 billion ($15 billion paid out) in 2005, $133 billion in 2021-22, tens of billions more in 2025 — saved most existing U.S. reactors from closure. Now comes another vision: powering the glorious new world of artificial intelligence. This may be a trillion-dollar bubble, but it’s sellable until market realities intervene.

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Gas turbine manufacturers expand capacity, but order backlog could prove stubborn

Dive Brief: Mitsubishi Heavy Industries plans to double its manufacturing capacity of gas turbines over the next two years in response to spiking demand and a backlog of orders, Bloomberg reported Sunday. Average wait times for gas turbine delivery have recently increased by several years. GE Vernova, another gas turbine manufacturer, announced on Aug. 19 that it is investing $41 million to enhance the manufacturing of its H65 and H84 generators, used in the company’s HA gas turbines. Siemens Energy, another gas turbine manufacturer, announced in December last year that it’s adding 61,000 sq ft to a facility that makes blades and vanes for its turbines. “An individual [original equipment manufacturer] doubling production could increase overall output by 15-40% based on historic data,” Bobby Noble, senior program manager of gas turbine research and development at the Electric Power Research Institute. “It should help over time, but it is likely not enough to drastically reduce [wait times].” Dive Insight: While some of the demand can be attributed to the replacement of a generation of aging turbines, data center construction appears to be driving a lot of the demand.  Jake Rubin, media relations lead for Siemens Energy in North America, said in an email that in the third quarter, half of the company’s gas services division’s orders came from the U.S. “Gas Services secured gas turbine orders totaling 14 GW in the fiscal year to date, 65% of which are for data centers,” he said. Rubin said the Florida blades and vanes facility that Siemens Energy plans to expand “has grown from approximately 200 employees two years ago to more than 450 today,” but didn’t mention new hiring. GE Vernova said in its release that it plans to create 50 new jobs at the generator facility it’s expanding. Mitsubishi Heavy Industries did not

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