Your Gateway to Power, Energy, Datacenters, Bitcoin and AI
Dive into the latest industry updates, our exclusive Paperboy Newsletter, and curated insights designed to keep you informed. Stay ahead with minimal time spent.
Discover What Matters Most to You

AI
Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Bitcoin:
Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Datacenter:
Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Energy:
Lorem Ipsum is simply dummy text of the printing and typesetting industry.
Discover What Matter Most to You
Featured Articles

Petronas discovers hydrocarbons offshore Suriname
Petronas, through wholly-owned subsidiary Petronas Suriname E&P BV (PSEPBV), has made two new discoveries and achieved a successful appraisal in Block 52, offshore Suriname. The Caiman-1 exploration well, drilled in 90 m of water to 5,065 m TD, encountered multiple oil-bearing Cretaceous sandstone intervals. The Swartzia Aspasia Complex-1 (SAC-1) exploration well, 8 km east of Sloanea-1 gas discovery in 610 m of water depth, was drilled to 4,560 m TD and intersected gas-bearing sandstone reservoirs. Drill stem testing (DST) demonstrated strong gas deliverability, indicating good reservoir quality, the company said. The Roystonea-2 appraisal well, drilled 7 km north of Roystonea-1, confirmed the lateral extent of oil-bearing reservoirs, with DST results indicating strong oil productivity, further validating the quality and extent of the reservoir system. These results make a total of eight successful wells for Petronas in Suriname and collectively represent more than 1 billion boe of recoverable resources. Petronas plans to take a final investment decision on Sloanea gas field by yearend. Petronas is operator of Block 52 with 80% interest. Paradise Oil Co. NV, a wholly-owned subsidiary of Staatsolie Maatschappij Suriname NV, holds the remaining 20%. Petronas currently holds interests in eight offshore blocks in Suriname: 9, 10, 48, 52, 53, 63, 64, and 66.

Rhino Resources extends discovery offshore Namibia
Rhino Resources Namibia Ltd. discovered an oil-bearing sandstone reservoir in a second appraisal in petroleum exploration license 85, offshore Orange basin, Namibia. The Capricornus-1A appraisal well was drilled in Block 2914 in the eastern portion of the Capricornus fairway, which was established by the discovery at the Capricornus-1X well. The well was spudded on May 2, 2026, with the Saipem 12000 drillship, in 1,285 m of water. It reached 4,818 m MD on June 11, 2026. The well intersected a gross reservoir interval of 46 m. A representative core of the main reservoir section was acquired, and a full suite of wireline logging and formation evaluation data was collected. Preliminary analysis of downhole pressure data indicates the presence of an oil-bearing sandstone reservoir in pressure communication with the reservoir fairway discovered by the Capricornus-1X well. The results provide further evidence of reservoir continuity across the Capricornus accumulation and represent an important data point in the ongoing appraisal of the discovery, the company said. The core, pressure, and wireline datasets acquired from Capricornus-1A will be integrated with data gathered from previous wells across PEL 85 to support the joint venture’s ongoing appraisal and exploration activities. Rhino is operator of the license joint venture with 42.5% interest. Co-venturers are Azule Energy (42.5%), NAMCOR (10%), and Korres Investments (5%). bp plc and Eni SPA each hold a 50% interest in Azule Energy, which entered the block in 2024.

Equinor and Vår Energi swap NCS interests to advance Peon, strengthen Gjøa positions
@import url(‘https://fonts.googleapis.com/css2?family=Inter:[email protected]&display=swap’); .ebm-page__main h1, .ebm-page__main h2, .ebm-page__main h3, .ebm-page__main h4, .ebm-page__main h5, .ebm-page__main h6 { font-family: Inter; } body { line-height: 150%; letter-spacing: 0.025em; } button, .ebm-button-wrapper { font-family: Inter; } .label-style { text-transform: uppercase; color: var(–color-grey); font-weight: 600; font-size: 0.75rem; } .caption-style { font-size: 0.75rem; opacity: .6; } #onetrust-pc-sdk [id*=btn-handler], #onetrust-pc-sdk [class*=btn-handler] { background-color: #c19a06 !important; border-color: #c19a06 !important; } #onetrust-policy a, #onetrust-pc-sdk a, #ot-pc-content a { color: #c19a06 !important; } #onetrust-consent-sdk #onetrust-pc-sdk .ot-active-menu { border-color: #c19a06 !important; } #onetrust-consent-sdk #onetrust-accept-btn-handler, #onetrust-banner-sdk #onetrust-reject-all-handler, #onetrust-consent-sdk #onetrust-pc-btn-handler.cookie-setting-link { background-color: #c19a06 !important; border-color: #c19a06 !important; } #onetrust-consent-sdk .onetrust-pc-btn-handler { color: #c19a06 !important; border-color: #c19a06 !important; } Equinor Energy AS and Vår Energi ASA agreed to exchange interests across several Norwegian Continental Shelf (NCS) licenses in a transaction aimed at advancing the Peon gas discovery and consolidating each company’s position in core areas. “This transaction enables us to speed up progress of one of the largest undeveloped gas discoveries on the NCS, Peon, while strengthening our position in the Troll-Fram area,” said Kjetil Hove, executive vice-president for exploration and production Norway. Vår Energi’s chief executive officer, Nick Walker, said the agreement “strengthens our position in the Gjøa area, one of our key operated hubs,” adding that operatorship and increased ownership of Peon “position Vår Energi to deliver long-term value from existing infrastructure.” <!–> –><!–> –> June 25, 2026 Øyvind Gravås / © Vår Energi <!–> ]–> <!–> June 18, 2026 ]–> Jan Arne Wold and Elisabeth Sahl / ©Equinor <!–> ]–> <!–> May 21, 2026 –><!–> [–> Map from Norwegian Offshore Directorate <!–> ]–> <!–> March 16, 2026 ]–> <!–> Under the agreement, Equinor will transfer 32.5% interest in Peon and operatorship to Vår Energi. In return, Equinor receives interests in producing assets and development licenses, including a 5% interest in Fram field

Talos Energy, Ridgewood sign deal to acquire Gulf of Mexico assets from Shell Offshore
Talos would acquire a 25% non-operated working interest in the bp plc-operated (50%) Na Kika platform and the Kepler, Ariel, Fourier, and Herschel fields, along with a 50% working interest and operatorship in the Coulomb field, the company said in a separate release. The Na Kika interests are subject to a 30-day preferential purchase right held by affiliates of bp. According to bp’s website, Na Kika is one of bp’s “most prolific producers in the Gulf,” as a hub for 8 subsea fields with more than 100 miles of infield flowlines which make up the gathering system. Na Kika, which lies 140 miles southeast of New Orleans in 6,340 ft of water, is designed to process up to 130,000 b/d of oil and 550 MMcfd of natural gas. If exercised, Talos would acquire only the 50% working interest and operatorship in Coulomb field, Talos said. Shell’s entitlement production from the assets is expected to average 37,000 boe/d in 2025. The company reported proved reserves at year-end 2025 of 4.3 MMboe for Na Kika and 7.2 MMboe for Coulomb. Based on its internal modeling, Na Kika and Coulomb “will not be meaningful contributors to production by 2030,” Shell said. Average first-quarter 2026 production attributable to the interests Talos expects to acquire was about 16,000 boe/d, of which about 77% was oil, Talos said. What Shell retains The agreement includes a 50% upside-sharing arrangement with Shell from closing through year-end 2027, subject to commodity price thresholds and certain other contingencies. The arrangement applies if realized oil prices exceed $60/bbl, Talos said. According to Shell, it will receive uncapped upside-linked payments through 2027 and overriding royalty interests on production from future Na Kika tiebacks, subject to specified conditions. Shell Trading US Co. will retain rights to offtake production from Na Kika and Coulomb

Neste charts course for renewable fuels amidst industry retreat
Another technology that could provide massive potential to help meet rising energy demand and contribute to global climate goals is renewable hydrogen. Renewable hydrogen—or green hydrogen—is produced by electrolysis, where hydrogen is processed from water using renewable electricity (e.g., wind, solar) by splitting water molecules. Currently, around 95% of all hydrogen is made using fossil-derived natural gas, resulting in high GHG emissions. Since renewable hydrogen is nearly free of GHG emissions, the transition to a renewable hydrogen economy hold potential to transform the energy landscape. Just as with Neste’s the pilot program in Rotterdam, renewable fuel producers could benefit by evaluating options for replacing fossil-based hydrogen with renewable hydrogen in their production processes. In the renewable fuels production process, supply chain optimization is critical to ensure stable flows of both raw materials and end products. For Neste, this means an extensive global network for sourcing renewable raw materials and a market-centric distribution network to ensure renewable fuels reach customers and key markets quickly and efficiently. In the US, Neste made a major strategic move to enhance its supply network with the acquisition of Mahoney Environmental in 2020. This integration provides Neste with access to used cooking oil from over 100,000 locations across the country. To ensure efficient product delivery, Neste has also been fostering partnerships with infrastructure providers to lease terminals that are strategically located near key markets. These terminals are often well-connected to fuel logistics via vessels, barges, trucks, and pipelines. Having terminal capacities close to key markets can notably increase the availability and accessibility of Neste’s renewable fuels to customers. For example, the streamlined logistics system enabled a major expansion of Neste’s SAF supply in 2025, when Neste and United Airlines Inc. extended their partnership, making United the first commercial airline to purchase SAF for use on flights

QatarEnergy signs commercial declaration for offshore Cyprus
QatarEnergy has signed a commercial discovery declaration for the Glaucus and Pegasus fields in Cyprus, partnering with Cyprus and ExxonMobil to progress development plans and regulatory approvals for offshore gas production. <!–> June 30, 2026 –> Key Highlights QatarEnergy signed a commercial discovery declaration for offshore Cyprus. QatarEnergy, the government of Cyprus, and ExxonMobil will support the next phase of Block 10 development.

Petronas discovers hydrocarbons offshore Suriname
Petronas, through wholly-owned subsidiary Petronas Suriname E&P BV (PSEPBV), has made two new discoveries and achieved a successful appraisal in Block 52, offshore Suriname. The Caiman-1 exploration well, drilled in 90 m of water to 5,065 m TD, encountered multiple oil-bearing Cretaceous sandstone intervals. The Swartzia Aspasia Complex-1 (SAC-1) exploration well, 8 km east of Sloanea-1 gas discovery in 610 m of water depth, was drilled to 4,560 m TD and intersected gas-bearing sandstone reservoirs. Drill stem testing (DST) demonstrated strong gas deliverability, indicating good reservoir quality, the company said. The Roystonea-2 appraisal well, drilled 7 km north of Roystonea-1, confirmed the lateral extent of oil-bearing reservoirs, with DST results indicating strong oil productivity, further validating the quality and extent of the reservoir system. These results make a total of eight successful wells for Petronas in Suriname and collectively represent more than 1 billion boe of recoverable resources. Petronas plans to take a final investment decision on Sloanea gas field by yearend. Petronas is operator of Block 52 with 80% interest. Paradise Oil Co. NV, a wholly-owned subsidiary of Staatsolie Maatschappij Suriname NV, holds the remaining 20%. Petronas currently holds interests in eight offshore blocks in Suriname: 9, 10, 48, 52, 53, 63, 64, and 66.

Rhino Resources extends discovery offshore Namibia
Rhino Resources Namibia Ltd. discovered an oil-bearing sandstone reservoir in a second appraisal in petroleum exploration license 85, offshore Orange basin, Namibia. The Capricornus-1A appraisal well was drilled in Block 2914 in the eastern portion of the Capricornus fairway, which was established by the discovery at the Capricornus-1X well. The well was spudded on May 2, 2026, with the Saipem 12000 drillship, in 1,285 m of water. It reached 4,818 m MD on June 11, 2026. The well intersected a gross reservoir interval of 46 m. A representative core of the main reservoir section was acquired, and a full suite of wireline logging and formation evaluation data was collected. Preliminary analysis of downhole pressure data indicates the presence of an oil-bearing sandstone reservoir in pressure communication with the reservoir fairway discovered by the Capricornus-1X well. The results provide further evidence of reservoir continuity across the Capricornus accumulation and represent an important data point in the ongoing appraisal of the discovery, the company said. The core, pressure, and wireline datasets acquired from Capricornus-1A will be integrated with data gathered from previous wells across PEL 85 to support the joint venture’s ongoing appraisal and exploration activities. Rhino is operator of the license joint venture with 42.5% interest. Co-venturers are Azule Energy (42.5%), NAMCOR (10%), and Korres Investments (5%). bp plc and Eni SPA each hold a 50% interest in Azule Energy, which entered the block in 2024.

Equinor and Vår Energi swap NCS interests to advance Peon, strengthen Gjøa positions
@import url(‘https://fonts.googleapis.com/css2?family=Inter:[email protected]&display=swap’); .ebm-page__main h1, .ebm-page__main h2, .ebm-page__main h3, .ebm-page__main h4, .ebm-page__main h5, .ebm-page__main h6 { font-family: Inter; } body { line-height: 150%; letter-spacing: 0.025em; } button, .ebm-button-wrapper { font-family: Inter; } .label-style { text-transform: uppercase; color: var(–color-grey); font-weight: 600; font-size: 0.75rem; } .caption-style { font-size: 0.75rem; opacity: .6; } #onetrust-pc-sdk [id*=btn-handler], #onetrust-pc-sdk [class*=btn-handler] { background-color: #c19a06 !important; border-color: #c19a06 !important; } #onetrust-policy a, #onetrust-pc-sdk a, #ot-pc-content a { color: #c19a06 !important; } #onetrust-consent-sdk #onetrust-pc-sdk .ot-active-menu { border-color: #c19a06 !important; } #onetrust-consent-sdk #onetrust-accept-btn-handler, #onetrust-banner-sdk #onetrust-reject-all-handler, #onetrust-consent-sdk #onetrust-pc-btn-handler.cookie-setting-link { background-color: #c19a06 !important; border-color: #c19a06 !important; } #onetrust-consent-sdk .onetrust-pc-btn-handler { color: #c19a06 !important; border-color: #c19a06 !important; } Equinor Energy AS and Vår Energi ASA agreed to exchange interests across several Norwegian Continental Shelf (NCS) licenses in a transaction aimed at advancing the Peon gas discovery and consolidating each company’s position in core areas. “This transaction enables us to speed up progress of one of the largest undeveloped gas discoveries on the NCS, Peon, while strengthening our position in the Troll-Fram area,” said Kjetil Hove, executive vice-president for exploration and production Norway. Vår Energi’s chief executive officer, Nick Walker, said the agreement “strengthens our position in the Gjøa area, one of our key operated hubs,” adding that operatorship and increased ownership of Peon “position Vår Energi to deliver long-term value from existing infrastructure.” <!–> –><!–> –> June 25, 2026 Øyvind Gravås / © Vår Energi <!–> ]–> <!–> June 18, 2026 ]–> Jan Arne Wold and Elisabeth Sahl / ©Equinor <!–> ]–> <!–> May 21, 2026 –><!–> [–> Map from Norwegian Offshore Directorate <!–> ]–> <!–> March 16, 2026 ]–> <!–> Under the agreement, Equinor will transfer 32.5% interest in Peon and operatorship to Vår Energi. In return, Equinor receives interests in producing assets and development licenses, including a 5% interest in Fram field

Talos Energy, Ridgewood sign deal to acquire Gulf of Mexico assets from Shell Offshore
Talos would acquire a 25% non-operated working interest in the bp plc-operated (50%) Na Kika platform and the Kepler, Ariel, Fourier, and Herschel fields, along with a 50% working interest and operatorship in the Coulomb field, the company said in a separate release. The Na Kika interests are subject to a 30-day preferential purchase right held by affiliates of bp. According to bp’s website, Na Kika is one of bp’s “most prolific producers in the Gulf,” as a hub for 8 subsea fields with more than 100 miles of infield flowlines which make up the gathering system. Na Kika, which lies 140 miles southeast of New Orleans in 6,340 ft of water, is designed to process up to 130,000 b/d of oil and 550 MMcfd of natural gas. If exercised, Talos would acquire only the 50% working interest and operatorship in Coulomb field, Talos said. Shell’s entitlement production from the assets is expected to average 37,000 boe/d in 2025. The company reported proved reserves at year-end 2025 of 4.3 MMboe for Na Kika and 7.2 MMboe for Coulomb. Based on its internal modeling, Na Kika and Coulomb “will not be meaningful contributors to production by 2030,” Shell said. Average first-quarter 2026 production attributable to the interests Talos expects to acquire was about 16,000 boe/d, of which about 77% was oil, Talos said. What Shell retains The agreement includes a 50% upside-sharing arrangement with Shell from closing through year-end 2027, subject to commodity price thresholds and certain other contingencies. The arrangement applies if realized oil prices exceed $60/bbl, Talos said. According to Shell, it will receive uncapped upside-linked payments through 2027 and overriding royalty interests on production from future Na Kika tiebacks, subject to specified conditions. Shell Trading US Co. will retain rights to offtake production from Na Kika and Coulomb

Neste charts course for renewable fuels amidst industry retreat
Another technology that could provide massive potential to help meet rising energy demand and contribute to global climate goals is renewable hydrogen. Renewable hydrogen—or green hydrogen—is produced by electrolysis, where hydrogen is processed from water using renewable electricity (e.g., wind, solar) by splitting water molecules. Currently, around 95% of all hydrogen is made using fossil-derived natural gas, resulting in high GHG emissions. Since renewable hydrogen is nearly free of GHG emissions, the transition to a renewable hydrogen economy hold potential to transform the energy landscape. Just as with Neste’s the pilot program in Rotterdam, renewable fuel producers could benefit by evaluating options for replacing fossil-based hydrogen with renewable hydrogen in their production processes. In the renewable fuels production process, supply chain optimization is critical to ensure stable flows of both raw materials and end products. For Neste, this means an extensive global network for sourcing renewable raw materials and a market-centric distribution network to ensure renewable fuels reach customers and key markets quickly and efficiently. In the US, Neste made a major strategic move to enhance its supply network with the acquisition of Mahoney Environmental in 2020. This integration provides Neste with access to used cooking oil from over 100,000 locations across the country. To ensure efficient product delivery, Neste has also been fostering partnerships with infrastructure providers to lease terminals that are strategically located near key markets. These terminals are often well-connected to fuel logistics via vessels, barges, trucks, and pipelines. Having terminal capacities close to key markets can notably increase the availability and accessibility of Neste’s renewable fuels to customers. For example, the streamlined logistics system enabled a major expansion of Neste’s SAF supply in 2025, when Neste and United Airlines Inc. extended their partnership, making United the first commercial airline to purchase SAF for use on flights

QatarEnergy signs commercial declaration for offshore Cyprus
QatarEnergy has signed a commercial discovery declaration for the Glaucus and Pegasus fields in Cyprus, partnering with Cyprus and ExxonMobil to progress development plans and regulatory approvals for offshore gas production. <!–> June 30, 2026 –> Key Highlights QatarEnergy signed a commercial discovery declaration for offshore Cyprus. QatarEnergy, the government of Cyprus, and ExxonMobil will support the next phase of Block 10 development.

OIES: Hormuz disruption could trigger biggest rewrite of LNG contract language in years
The closure of the Strait of Hormuz earlier this year could trigger the largest revision of LNG sale and purchase agreement (SPA) language in years, according to recent analysis by the Oxford Institute for Energy Studies (OIES). The report, authored by OIES Senior Research Fellow Agnieszka Ason, notes that a market long characterized by supply growth and commercial flexibility is shifting toward one that must account for scarcity, disruption, and recovery. The late-February attacks by the US and Israel on Iran disrupted shipping through the Strait of Hormuz, reducing global LNG supply by an estimated 20%—one of the most severe energy shocks in decades. This critical corridor, through which LNG, crude oil, refined products, fertilizers, and metals are transported, saw daily transit come to a virtual standstill. Stay updated on oil price volatility, shipping disruptions, LNG market analysis, and production output at OGJ’s Iran war content hub. Ason argues that the incident served as a stress test for LNG contracting practices built up over years of relatively abundant supply conditions. As buyers and sellers scrambled to respond to reduced volumes, the crisis exposed drafting deficiencies in sales agreements across five areas: force majeure, allocation of scarce cargoes, transportation risk, resumption of service, and dispute resolution. Force majeure thresholds Force majeure clauses in LNG sale and purchase agreements (SPAs) differ in how they define the level of disruption required to excuse performance. Some require that performance be “prevented,” while others adopt broader terms such as “hindered,” “impeded,” or “delayed.” These drafting choices set the threshold for relief—limiting it either to situations of impossibility or extending it to cases where performance remains feasible but constrained. More complex cases arise in the latter category, where LNG delivery is still possible but involves reduced volumes, schedule delays, alternative sources, or elevated safety risks. In

Mellitah Oil & Gas starts gas field offshore Libya
Mellitah Oil & Gas BV joint venture, a partnership between Eni SPA and the Libyan National Oil Corp. (NOC) started hydrocarbon production from Bahr Essalam gas field about 100 km off the coast of Libya. Production was enabled by the Sabratha compression project, an offshore development designed to sustain and increase gas output from the field. The project included installation of a new 1,600-tonne compression module on the Sabratha platform, equipped with new compression trains, providing an overall compression capacity of about 440 MMcfd. The new module enables production under low-pressure conditions, offsetting the natural decline of Bahr Essalam field and maximizing gas recovery to ensure increased gas volumes about 800 million cu m/yr and associated condensate. The additional production will help sustain national power generation and support export to Italy via the Greenstream pipeline. Two additional strategic projects are presently in execution in the country: Bouri gas utilization project, whose tie-in and commissioning activities are currently underway after the recent installation of the Bouri gas recovery module, and Structures A&E, whose execution is underway for development of two offshore gas fields.

Crude prices fall as oil flows
Oil, fundamental analysis Global oil prices entered their fourth week of declines as supplies out of the Persian Gulf region appear to be loosening up and as talks between the US and Iran appear to be progressing. Prices have now fallen ($19.00)/bbl over the last 4 weeks. A larger-than-expected inventory draw was largely ignored. WTI’s High was Tuesday’s $71.60/bbl for July while the Low was Thursday’s $67.05. Brent crude hit its High on Tuesday at $72.30/bbl with the low on Monday at $71.45. WTI settled slightly lower week on week Brent was higher. The WTI/Brent spread has now tightened to ($3.32). NYMEX regular session trading was closed on Friday for the July 4th holiday while thin volumes traded on their electronic platform. Crude oil tankers are reported to be moving through the Strait of Hormuz given Iran’s agreement to allow such passage during the MOU’s 60-day negotiation period. Tanker-tracker services are estimating that about 20-30 tankers and cargo vessels per day are traversing the Strait now compared to 100-120 per day pre-war. The result has been a lowering in the risk premium and a dramatic “bearish” shift in the market sentiment for oil pricing. The future of the operation of the Strait remains unclear as Iran is in talks with Oman regarding joint administration which would include fees of some type for passage. The lifting of US sanctions on Iran has also resulted in more movements of oil although they are reportedly selling at a high discount. While diplomatic discussions in Doha appear to be in a start/stop mode, key issues have at least been identified. Iran insists on Israel exiting Lebanon completely which includes leaving “occupied” areas in the South. Meanwhile, Israel demands that Hezbollah there be completely disarmed, something that neither that group nor the Iranians agree with. And Iran

Energy Dominance Financing Office Celebrates One Year Since Passage of the Working Families Tax Cuts Act
WASHINGTON—The U.S. Department of Energy’s (DOE) Office of Energy Dominance Financing (EDF) celebrates the one-year anniversary of President Trump’s historic Working Families Tax Cuts. Made possible by the Working Families Tax Cuts, EDF has tallied several vital wins to rebuild supply chains, lower household energy bills, and strengthen U.S. energy and industrial leadership. The Working Families Tax Cuts expanded the scope of EDF’s more than $250 billion available loan authority to support reliable and affordable energy-related investments through the revamped and renamed Energy Dominance Financing Program (EDFP). “The prior administration had policies that undermined our grid with intermittent and expensive technologies that didn’t deliver the affordable, reliable and secure energy that Americans need,” EDF Director Gregory A. Beard said. “The Working Families Tax Cuts empowered the nation with a common-sense approach to increasing the nation’s energy supply through ensuring baseload power goes to a secure and reliable grid, securing critical mineral supply chains, winning the global AI race and launching the American nuclear renaissance.” EDF is working to rapidly implement and deploy the EDFP. Over the past year, these accomplishments include: Financing America’s nuclear renaissance EDF has financed nuclear restarts and reestablished domestic manufacturing capabilities central to the Administration’s goal of reinvigorating the U.S. nuclear industrial base. As part of a national nuclear renaissance strategy, EDF recently announced a $17.5 billion conditional loan to finance long-lead time items needed to rebuild America’s commercial nuclear supply chain. This investment will accelerate the deployment of 10 large-scale commercial nuclear reactors across the United States by up to three years. The project marks a major step toward advancing President Trump’s Executive Order, Reinvigorating the Nuclear Industrial Base, by supporting the objective of having 10 new large nuclear reactors with complete designs under construction by 2030, representing over 11 GW of secure, reliable generation. EDF

Trump Administration Moves to Permanently End Green New Scam Appliance Mandates
WASHINGTON—U.S. Secretary of Energy Chris Wright today announced the Department of Energy (DOE) has issued a Notice of Proposed Rulemaking to permanently end home appliance and equipment mandates that raise costs and disrupt consumer choice. The proposal will update the Department’s Process Rule used to establish energy conservation standards for household appliances and equipment, including air conditioning units, gas stoves, washing and drying machines, water heaters, refrigerators, and other products Americans rely on every day. In accordance with President Donald Trump’s Executive Order, “Unleashing Prosperity through Deregulation,” the proposal will preserve consumer choice and lower costs. “In America, you should be able to choose a dryer that dries clothes on the first try rather than one that takes multiple cycles—unfortunately, past administrations thought otherwise,” Secretary Wright said. “For too long, the American people paid the price for mandates that restricted consumer choice and drove up costs. President Trump promised to end thisnonsense and that is exactly what we are doing. This proposed rule will preserve the American people’s ability to choose home appliances and equipment that actually work — at prices they can afford. It’s called common sense.” “From day one, the Trump Administration has offered relief to consumers, businesses, and industries through bold deregulatory action,” said Assistant Secretary of Energy (EERE) Audrey Robertson. “This proposal is about the future. It will ensure that new regulations promote affordability, preserve consumer choice, and meet the highest standards for transparency and due diligence.” For further details, read the full text of the Notice of Proposed Rulemaking. Comments will be accepted for 30 days after publication in the Federal Register. DOE also issued a Request for Information seeking public input on the methodologies used in developing energy conservation standards for covered products and equipment. Comments will be accepted for 60 days after

Secretary Wright Applauds End of New Federal Wind and Solar Subsidies
WASHINGTON—U.S. Secretary of Energy Chris Wright today released the following statement regarding the Working Families Tax Cut July 4, 2026 deadline ending federal tax credit subsidies for new wind and solar projects not currently under construction. For more than three decades, the federal government has subsidized wind and solar energy generation. In 2025, wind and solar accounted for approximately three percent of total U.S. primary energy consumption. “I’m thrilled to report that after about 35 years, on July 4th, we will end the subsidies for wind and solar, thanks to the Working Families Tax Cut. “Wind and solar take a lot of land, 100 times more land for a similar amount of energy. They take an enormous amount of materials, energy intensive materials like steel and cement and polysilicon. “They take an enormous amount of additional transmission lines to connect their large land, far flung production back to where there’s demand centers. “And what do we get for all that is a relatively small amount of low value energy. It’s low value because the wind doesn’t always blow and the sun doesn’t always shine. “So they drive up the system costs and increase Americans’ electricity prices. “Enough of raising electricity prices. We’re going to drive them down. Thank you.” ###

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

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

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

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

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

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

Claude Science is Anthropic’s newest flagship product
EXECUTIVE SUMMARY At an event for pharmaceutical executives, biotech founders, and researchers on Tuesday, Anthropic announced Claude Science, a major new product intended to support scientific research in the same way that Claude Code supports software engineering. Like Claude Code, Claude Science can autonomously carry out meaningful work when given concise, high-level instructions, and it has access to tools that make it particularly useful for research in computational biology and drug development. Along with launching and previewing Claude Science, which is now available to all paid Claude subscribers, Anthropic also announced that it will be using the product to pursue some of its own research into drugs for rare, neglected diseases. This is not Anthropic’s first foray into AI for science. In October, the company released plug-ins that help Claude make use of scientific software and databases under the heading “Claude for Life Sciences.” But unlike this earlier release, Claude Science is a full-featured, standalone product. Anthropic’s decision to elevate Claude Science to the same rank as Claude Code and Claude Cowork indicates that the company is taking AI’s scientific applications very seriously—or at least wants to give the impression that it is. “It represents how important this is to our mission that this is right up there with Claude Code and Claude Cowork as the next really significant product that we’re releasing,” says Eric Kauderer-Abrams, Anthropic’s head of life sciences. “Our mission is to develop AI that serves humanity’s long-term well-being, and we believe that by far the greatest opportunity to do that is in the life sciences.” For the past decade, one company—Google DeepMind—has been at the vanguard of AI for science. CEO Demis Hassabis and researcher John Jumper won the Nobel Prize in chemistry for their work on the company’s AlphaFold model, and DeepMind has also made major contributions to meteorology, materials science, and a variety of other disciplines. But in the past several months, the fast-advancing frontier of AI progress seems to have left DeepMind in the dust. When it comes to coding, which has become the most lucrative use case for LLMs, DeepMind is stuck playing catch-up.
Anthropic is well positioned to take up DeepMind’s scientific mantle. Like Hassabis, Anthropic CEO Dario Amodei is a PhD scientist—unlike OpenAI CEO Sam Altman, who’s a businessman through and through. Many scientists are already avid users of tools such as Claude Code. These days, a lot of scientific research involves some amount of coding, but not all scientists are expert software engineers, and so tools like Claude Code can make a huge difference for their productivity. And the company has recently earned a major scientific vote of confidence: Earlier this month, Jumper announced that he is leaving DeepMind for Anthropic. Since agents powered by LLMs, including Anthropic’s Opus model series, became capable of useful, independent work in late 2025, scientists have been seeing just how much they can do. In a blog post published on Anthropic’s website, the Harvard physicist Matthew Schwartz estimated, on the basis of his work with Claude Code and other Anthropic tools, that the company’s Opus 4.5 model is about as capable of executing scientific projects as a second-year graduate student.
According to Kauderer-Abrams, Claude Science isn’t intended to displace Claude Code and Claude Cowork in scientists’ workflows. Instead, it’s designed to build on what scientists already find useful about Anthropic’s products. For instance, it not only writes code but also helps scientists run their code on powerful computer clusters, which many many scientists need for their work but can be difficult to manage. And it prioritizes reproducibility, so that scientists can trace back the source of any figure or result and check it for accuracy and validity. Though Claude Science could in principle assist with any area of scientific research, it seems designed and marketed as a tool for molecular and cellular biology, and for drug development in particular. It can interface with various tools used in genetics, chemistry, and protein biology, all of which could come in handy for researchers on the hunt for new drugs. During the Tuesday event, Alexander Tarashansky, who led the development of Claude Science, demonstrated how the system could autonomously identify new drug candidates for phenylketonuria, a rare genetic disease. And Anthropic isn’t leaving all that work to the pharma companies and university labs that were represented at the event. Armed with Claude Science, it will be pursuing its own research into drug candidates for neglected diseases—both to help move science forward and to gain a clearer sense of how Claude Science works in the real world. There are obvious humanitarian reasons to prioritize drug development when creating a general-purpose scientific research tool, and AI industry leaders often cite curing disease as a major potential upside of the technology. But it’s also notable that pharmaceutical companies have far deeper pockets than academic researchers. Anthropic says it’s set to see its first profitable quarter, and if major new contracts with pharmaceutical companies are forthcoming, they could help ensure it stays profitable as the tokenmaxxing craze dies down—something that’s ever more important as an IPO approaches later this year.
Roundtables: Longevity’s Next Frontier: “Reprogramming” Your Body
Available only for MIT Alumni and subscribers.
Listen to the session or watch below Billions of dollars are flooding into efforts to reverse aging as scientists explore ways to return cells to a younger state. But how far off are these experimental treatments? Will they really work? Watch a conversation exploring longevity’s new focus. Speakers: Mary Beth Griggs, science editor and Jessica Hamzelou, senior biotechnology reporter
[embedded content]
Recorded on June 30, 2026 Related Stories:

Start building with Nano Banana 2 Lite and Gemini Omni Flash
Limitations:Omni offers 10-second video generations currently, with longer durations coming soon.Uploading audio references and scene extension is not yet supported in the Gemini API for this model.Video references up to 3 seconds in duration are accepted by the API schema but are not correctly processed by the model at this time.Character consistency when changing scenes or panning movements has some limitations but we are working to make this better.Gemini Omni is available in public preview starting today in Google AI Studio and the Gemini API. To see the full list of model capabilities and regional specific limitations check out the developer docs.Build with both models todayThe real magic happens when you chain these models together. Use Nano Banana 2 Lite as a high-speed image generation model, then pass that image as a reference to Gemini Omni Flash to animate it into a high-quality video. Plus, by using the Interactions API for these multi-turn experiences, you can maintain session history and context so users can stack up to three sequential edits.To help you get started we created a few demo apps you can remix that let you experience how you can pair both Nano Banana 2 Lite and Gemini Omni Flash into one workflow.

The Download: AI “coworkers” and stratospheric internet
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. AI agents are not your “coworkers” Imagine coming in to work to learn that a new underling will report to you. The worker is not a person but an AI tool—one that your company nonetheless calls Alex, an “employee” with a title and defined responsibilities. How well do you think you would work with Alex? If you’re anything like the managers studied by Boston University professor Emma Wiles, treating that AI as a “coworker” would lead you to do a worse job. They caught 18% fewer errors when the work was attributed to an agentic “AI employee” rather than a chatbot. This is an alarming glimpse of the future Silicon Valley is hurling us toward. Microsoft, OpenAI, Anthropic, and Google have all released tools for managing teams of AI agents, many of which are advertised as digital colleagues. Find out why that’s a losing proposition for workers.
—James O’Donnell This story is from The Algorithm, our weekly AI newsletter. Sign up to receive it in your inbox every Monday.
This flying solar-powered platform could deliver better internet from the air As soon as August, a giant silver bullet will cut its way through the dry air of the southwestern US and cross the Pacific to reach the coast of Japan.Once there, the roughly 200-foot-long craft, built by the New Mexico–based company Sceye, will park some 18 kilometers above the ocean’s surface in the stratosphere, then use a custom-built antenna to supplement a 5G network, in a test that includes beaming data straight to devices.Sceye (pronounced “sky”) is one of several firms building these high-altitude platform stations, or HAPS. Find out why they plan to connect us from the stratosphere. —Rachel Courtland This story is from the latest edition of our magazine, which is all about engineering. Subscribe now to get a copy, plus all our other issues and a range of subscriber-only content. Longevity’s next frontier: “reprogramming” your body Billions of dollars are flooding into efforts to reverse aging as scientists explore ways to return cells to a younger state. But how far off are these experimental treatments? Will they really work? At a virtual Roundtables event today, MIT Technology Review will examine the science behind the hype. Science editor Mary Beth Griggs and senior biotechnology reporter Jessica Hamzelou will explore longevity’s latest frontier in a subscriber-only discussion. Register here to join the session at 11:30 AM ET / 8:30 AM PT / 16:30 GMT. The must-reads I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology.
1 The US House has passed new youth online safety legislation+ It would set baseline federal standards for kids’ online safety. (Politico $)+ States would be allowed to adopt more aggressive protections. (Reuters $)+ But critics say it lets tech companies avoid accountability. (Axios)+ And tech groups warn it threatens privacy and free expression. (NBC)+ The Senate is expected to push for tougher rules. (The Hill)2 Ford is rehiring human engineers after AI failed to match quality checksIt said the AI lacked the training and expertise of technicians. (Bloomberg $) + The new hires will train younger staff and reprogram AI tools. (BBC)+ Many firms that replaced workers with AI are now rehiring humans. (Forbes)+ The AI jobs hysteria needs a reality check. (MIT Technology Review) 3 Senator Mark Warren is set to introduce a bill to regulate AI agentsIt would set rules for agent permissions and verification. (The Information $)+ Voters of both parties want tighter AI regulation. (NBC News)+ But politicians are bitterly divided on the rules. (MIT Technology Review) 4 Rocket Lab is buying Iridium for $8 billion to take on SpaceXIt wants to integrate the satellite network with its launch services. (The Verge)+ Which could create a fleet that can compete with SpaceX. (WSJ $) 5 Hackers have exposed secrets about Apple’s upcoming iPhone 18The data was stolen from Tata Electronics, Apple’s Indian supplier. (Reuters $)+ The breach also exposed Tesla secrets. (TechCrunch)6 Chatbots are replacing therapists despite lacking scientific evidenceExperts question their safety and therapeutic quality. (WSJ $)+ Chatbots may make us lose control of our brains. (MIT Technology Review) 7 Newborn DNA sequencing is edging closer to routine healthcareTrials are expanding despite privacy and ethical concerns. (Economist $)+ The push for perfect babies is an ethical mess. (MIT Technology Review)8 Astronomers are using AI to find new galaxiesNew tools are reviving decades of space telescope data. (FT $)9 Remote-controlled cockroach swarms can now breathe underwaterThe cyborg insects could one day explore Mars. (New Scientist $)10 Drone shows are creating new forms of worship Churches are depicting biblical stories with thousands of UAVs. (Wired $)) Quote of the day “This is taking us back to the 1950s, and that is not progress.” —Edwin Lyman, director of nuclear power safety at the Union of Concerned Scientists, tells NPR that slashing regulations undoes decades of safety lessons from the industry. One More Thing Design thinking was supposed to fix the world. Where did it go wrong? When Kyle Cornforth walked into IDEO’s San Francisco offices for a meeting about reimagining school lunches, she was impressed. “It was Post-its everywhere, prototypes everywhere,” she recalls. “What I really liked was that they offered a framework for collaboration and creation.” Cornforth was new to IDEO’s way of working: a six-step methodology for innovation called design thinking. But when she looked at the ideas themselves, she had questions: “I was like, ‘You didn’t talk to anyone who works in a school, did you?’ They were not contextualized in the problem at all.” Design thinking broadened the idea of “design,” elevating designers to take on big, knotty problems through a structured process. But critics argue it has produced unrealistic ideas and, by centering designers, reinforced existing inequities. Read the full story on the rise and fall of design thinking.
—Rebecca Ackermann 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.) + A London tube station has solved its persistent flooding issue by reintroducing beavers.+ The Beastie Boys song “Sabotage” has been stunningly recreated in this stop-motion video.+ Classical antiquity is lovingly preserved in this collection of over 8,000 late Latin and Greek letters from the Roman world.+ This homemade jet-powered fishing boat is a reminder that great engineering and good judgment don’t always travel together. Top image credit: Photo Illustration by Sarah Rogers/MITTR | Photos Getty Please send homemade jet-powered fishing boats to [email protected]. You can follow me on LinkedIn. Thanks for reading! —Thomas

Agriculture is ready for AI, but its data isn’t
Provided byReltio Artificial intelligence is transforming what is possible in agriculture, but industry leaders should be wary of investing in AI without first laying the groundwork. The use cases are promising, especially for an industry navigating volatile fertilizer costs, unpredictable weather, and margins that leave little room for error. Research shows AI-enabled predictive models can improve crop yield by 26%, reduce water use by 41%, and cut chemical usage by 33%. However, what AI vendors usually won’t tell you is that these solutions are only effective if you have a clean, solid data foundation. However, at Reltio, we have experience in this area, including leading technology strategy at a major agricultural distributor and building a data platform used by enterprises worldwide–we’ve seen it first hand. What AI vendors won’t tell you Vendor conversations in agriculture tend to follow a familiar pattern. The pitch leads with grand promises around using AI to monitor crop health in real time, optimize irrigation, and squeeze more yield from every acre.
The promise is compelling, but what rarely comes up is the question of whether the data foundation underneath those promises is accurate and complete. If not, there is a real and significant risk that AI will generate misleading outputs that seem authoritative but inspire action that is, at best, counterproductive. For instance, a yield prediction model fed inconsistent historical data will generate imprecise forecasts. Similarly, a precision irrigation system drawing on fragmented sensor data will make watering decisions that waste resources instead of saving them.
In each case, the AI is failing because the data it was trained on was not sufficient to produce trustworthy outputs. In agriculture, every AI hallucination is a liability, and the likelihood of error is high. Why agriculture is a uniquely challenging test case The data landscape across a modern agricultural operation or a large distributor serving thousands of growers is extraordinarily complex. Modern farming environments make extensive use of IoT devices and machinery. Irrigation systems are automated, tractors navigate fields autonomously, and drones capture field imagery at scale. However, machine data is disparate by nature. Add in external sources, including weather feeds, U.S. Department of Agriculture data, and third-party market information, and the question of how you bring all of it together into something coherent becomes a significant undertaking. Agricultural AI also needs to understand more than just customer attributes; it needs to understand the land: GPS coordinates, farm boundaries, field blocks, and soil variation across a single property. Where do you apply fertilizer, and at what rate, and in which specific area of the farm? Not all parts of a field are the same, and an AI system that treats them as if they are will produce recommendations that are at best imprecise and at worst damaging. There is also a compliance dimension due to the chemicals and the responsibility involved. Operational AI in agriculture needs significantly more checks and governance than it might in a lower-stakes environment. When a flawed recommendation gets acted upon in the field, the consequences can be severe. What data readiness means in practice Data readiness is the difference between AI delivering on its promise vs. a “garbage in, garbage out” scenario. Fundamentally, being ready for AI means having a data model that accurately reflects how the business operates. For a company like Wilbur-Ellis, a 104-year-old, family-owned agricultural distributor, that means understanding who your customers are, which fields they farm, which inputs they need, which suppliers those inputs come from, what they paid last season, and how all of that connects to margin. That information needs to be current, consistent, and accessible across the organization, rather than locked in separate systems that were never designed to talk to each other.
Similarly, for farming operations themselves, data readiness means having a reliable, connected picture of what is happening across every field: soil health records, input application histories, yield data from previous seasons, equipment performance, and real-time sensor readings from irrigation systems. Governance matters just as much as structure. Prices change, relationships evolve, and suppliers come and go. An AI system drawing on data that was accurate six months ago but has not been maintained will make recommendations based on a version of the business that no longer exists. Building the foundation that makes AI trustworthy The good news is that the path to data readiness is feasible. It starts with a strong data model: a single, governed source of truth that connects customers, suppliers, products, pricing, orders, and margins in a way that reflects how the organization operates. From there, it requires data pipelines fast enough to deliver insights when decisions need to be made, governance frameworks that keep that data trustworthy over time, and security controls that ensure sensitive commercial information is accessible to the right people under the right conditions. This is precisely the challenge that Reltio, an SAP company, was built to solve. Reltio enables companies to unify their fragmented data so AI agents and systems can operate from a complete picture of the business. Reltio builds a trusted system of context, known as the context intelligence layer, that brings all entities, relationships, rules together under one roof and makes business data easy to access and interpret. For Wilbur-Ellis, building that trustworthy data foundation has meant being able to ask more complex questions and trust the answers, which is the precondition for any AI system to be genuinely useful. How agriculture can drive real value from AI The question worth asking before the next AI conversation is not whether the use case is promising. It almost certainly is. The question is whether the underlying data foundation is strong enough to make the output trustworthy. Agriculture has always required its leaders to make high-stakes decisions under uncertainty, and AI offers the genuine prospect of making those decisions faster and better informed. That prospect is only achievable for organizations that have done the foundational work first, and the businesses that will get the most from AI are the ones investing in that foundation now. This content was produced by Reltio. It was not written by MIT Technology Review’s editorial staff.

Building tech in the world’s secret R&D hub
Provided byGreater Zurich Area Apple. Anthropic. Disney Research. Google. Meta. Microsoft. NVIDIA. OpenAI. Few places outside Silicon Valley can claim R&D hubs from all of these companies. Fewer still are concentrated in a city of just over 400,000 people—roughly half the size of San Francisco. Over the past two decades, however, many of the world’s most influential technology companies have established R&D operations in and around Zurich, Switzerland. What began with Google’s decision to build its largest R&D hub outside the United States has evolved into one of the world’s most concentrated centers for AI research, talent, and commercialization, in certain areas at a higher density than Silicon Valley. The question is why so many technology leaders keep choosing the same place to build and scale. Located at the center of Europe, Greater Zurich Area, a region spanning the cantons of Glarus, Graubünden, Schaffhausen, Schwyz, Solothurn, Tessin, Uri, Zug, and Zürich, the region of Winterthur, and the city of Zurich, combines access to major markets with political stability, regulatory predictability, and strong intellectual property protection. And Zurich Airport connects the region directly with key business hubs across Europe, North America, and Asia, making it an efficient base for international operations.
The country’s innovation performance reinforces this position. Switzerland has ranked first in the Global Innovation Index for more than a decade, leads the world in patents per capita, and invests over 3.3% of GDP in research and development. Earlier this year, google.org pledged a $1 million grant to the Swiss National AI Institute, a joint effort to advance AI research for the public good. Switzerland’s venture ecosystem reflects a similar focus. Over 60% of Swiss venture capital is invested in deep tech—the highest share globally by a large margin and nearly twice the share of major economies like Germany, France, and the UK. And, according to the Swiss Deep Tech Report 2026, at $1,470 invested per capita, Switzerland commits more to deep tech per capita than any other country in Europe.
The economics of specialization While Switzerland is one of Europe’s most expensive locations for talent and operations, salaries remain at a fraction of those in Silicon Valley. The talent pool is small by global standards. Scaling a team quickly is harder in Zurich than in London, Paris, or Amsterdam. For early-stage companies that need to hire fast and burn lean, that trade-off is real. For companies building specialized AI capabilities, however, the equation works: The objective is to assemble the right team, not the largest one. Switzerland’s economy is built around high-value, knowledge-intensive work. Productivity is among the highest in the world, and companies concentrate on functions that depend on specialized expertise rather than large workforces. For companies developing advanced AI capabilities, cost is often weighed against factors that are harder to replicate elsewhere: direct access to leading universities and research institutions, regulatory stability, and a quality of life that helps attract and retain skilled international talent. A high-density AI ecosystem Within Switzerland, the Greater Zurich Area concentrates many of the ingredients required to build and deploy AI systems. The defining characteristic of this region is density. Many of the world’s leading AI companies, research institutions, investors, and startups operate in close proximity, creating connections between talent, capital, and ideas. For example, Google engineers teach at ETH Zurich. ETH graduates join companies such as Anthropic. Researchers launch startups, while former employees of global technology firms go on to found new ventures of their own. Investors, founders, academics, and corporate teams encounter each other repeatedly through shared networks, industry events, and professional circles. In a region of this size, collaboration often happens less through formal introductions than through proximity. While talent flows freely, it rarely leaves the ecosystem. One indicator of the region’s maturity is its ability to convene. Events such as the Zurich AI Festival will bring together more than 6,500 guests this September 28 to October 3. With more than 35 confirmed events across AI and the arts, AI literacy, health, technology, and policy, it is designed as a platform for cross-sector exchange. Its flagship events, the AI + X Summit, AI + Environment, and the AI + Policy Summit, will bring together internationally recognized leaders alongside researchers, policymakers, venture capitalists, and entrepreneurs, convening international voices and fostering dialogue across sectors. Research, talent, and company creation At the center of the country’s AI capabilities are institutions such as ETH Zurich, the University of Zurich, École Polytechnique Fédérale de Lausanne (EPFL), Scuola Universitaria Professionale della Svizzera Italiana (SUPSI), and Zürcher Hochschule für Angewandte Wissenschaften (ZHAW). ETH Zurich ranks among Europe’s leading universities for deep tech commercialization, generating more than 40 spin-offs and startups in 2025 alone, helping create some of the continent’s most valuable technology companies.
The Stanford AI Index 2026 reinforces that picture: Switzerland ranks first globally for AI researchers and inventors per capita, with 110.5 per 100,000 inhabitants—ahead of Singapore (109.5), Sweden (80.6), and the United States (64.8). And the IMD World Talent Ranking ranked Switzerland as number 1 for the 10th consecutive year, leading globally in investment, development, and talent appeal. Engineers, researchers, and founders move frequently between universities, startups, and established technology firms, creating strong knowledge flows across organizations. That density is increasingly attracting companies from outside the region too. Even before formally announcing their Zurich office, Exa.ai received a strong pipeline of candidate applications. ‘To assemble the greatest search team in the world, you’ve got to meet people where they are,’ says Will Bryk, the company’s CEO and co-founder. ‘And many are in Greater Zurich.’ Former Google Switzerland employees alone have founded approximately 210 companies and created around 2,600 jobs over the past two decades. For a country of around nine million inhabitants, the multiplier effect is significant. Large technology firms contribute not only through direct employment, but also through the creation of new companies and the transfer of expertise. Why the Greater Zurich Area complements Silicon Valley For many technology companies, Switzerland is not a substitute for Silicon Valley. The two serve different functions within the AI value chain. Silicon Valley remains unmatched in scale, venture capital, and frontier model development, but for global technology companies, an R&D presence in Switzerland has increasingly become a strategic complement: a way to access specialized talent, stay close to leading research, and build capabilities that will shape the next generation of products and services. This is particularly relevant for companies working at the intersection of AI and the physical world. Switzerland offers direct access to leading universities, industrial partners, and sectors such as healthcare, finance, manufacturing, and robotics, where reliability, compliance, and precision are often as important as raw model performance. Geography is strategy Global AI leaders came to the Greater Zurich Area because the region concentrates capabilities that are often distributed across multiple locations: world-class research, specialized talent, industrial partners, capital, and pathways to deployment. Those advantages were built over decades, not years. For companies evaluating where to build the next generation of AI products, the answer may not be another larger ecosystem. It may be one where the distance between research, talent, capital, and deployment is measured in minutes rather than hours. Learn more about the Greater Zurich Area. This content was produced by the Greater Zurich Area. It was not written by MIT Technology Review’s editorial staff.

Petronas discovers hydrocarbons offshore Suriname
Petronas, through wholly-owned subsidiary Petronas Suriname E&P BV (PSEPBV), has made two new discoveries and achieved a successful appraisal in Block 52, offshore Suriname. The Caiman-1 exploration well, drilled in 90 m of water to 5,065 m TD, encountered multiple oil-bearing Cretaceous sandstone intervals. The Swartzia Aspasia Complex-1 (SAC-1) exploration well, 8 km east of Sloanea-1 gas discovery in 610 m of water depth, was drilled to 4,560 m TD and intersected gas-bearing sandstone reservoirs. Drill stem testing (DST) demonstrated strong gas deliverability, indicating good reservoir quality, the company said. The Roystonea-2 appraisal well, drilled 7 km north of Roystonea-1, confirmed the lateral extent of oil-bearing reservoirs, with DST results indicating strong oil productivity, further validating the quality and extent of the reservoir system. These results make a total of eight successful wells for Petronas in Suriname and collectively represent more than 1 billion boe of recoverable resources. Petronas plans to take a final investment decision on Sloanea gas field by yearend. Petronas is operator of Block 52 with 80% interest. Paradise Oil Co. NV, a wholly-owned subsidiary of Staatsolie Maatschappij Suriname NV, holds the remaining 20%. Petronas currently holds interests in eight offshore blocks in Suriname: 9, 10, 48, 52, 53, 63, 64, and 66.

Rhino Resources extends discovery offshore Namibia
Rhino Resources Namibia Ltd. discovered an oil-bearing sandstone reservoir in a second appraisal in petroleum exploration license 85, offshore Orange basin, Namibia. The Capricornus-1A appraisal well was drilled in Block 2914 in the eastern portion of the Capricornus fairway, which was established by the discovery at the Capricornus-1X well. The well was spudded on May 2, 2026, with the Saipem 12000 drillship, in 1,285 m of water. It reached 4,818 m MD on June 11, 2026. The well intersected a gross reservoir interval of 46 m. A representative core of the main reservoir section was acquired, and a full suite of wireline logging and formation evaluation data was collected. Preliminary analysis of downhole pressure data indicates the presence of an oil-bearing sandstone reservoir in pressure communication with the reservoir fairway discovered by the Capricornus-1X well. The results provide further evidence of reservoir continuity across the Capricornus accumulation and represent an important data point in the ongoing appraisal of the discovery, the company said. The core, pressure, and wireline datasets acquired from Capricornus-1A will be integrated with data gathered from previous wells across PEL 85 to support the joint venture’s ongoing appraisal and exploration activities. Rhino is operator of the license joint venture with 42.5% interest. Co-venturers are Azule Energy (42.5%), NAMCOR (10%), and Korres Investments (5%). bp plc and Eni SPA each hold a 50% interest in Azule Energy, which entered the block in 2024.

Equinor and Vår Energi swap NCS interests to advance Peon, strengthen Gjøa positions
@import url(‘https://fonts.googleapis.com/css2?family=Inter:[email protected]&display=swap’); .ebm-page__main h1, .ebm-page__main h2, .ebm-page__main h3, .ebm-page__main h4, .ebm-page__main h5, .ebm-page__main h6 { font-family: Inter; } body { line-height: 150%; letter-spacing: 0.025em; } button, .ebm-button-wrapper { font-family: Inter; } .label-style { text-transform: uppercase; color: var(–color-grey); font-weight: 600; font-size: 0.75rem; } .caption-style { font-size: 0.75rem; opacity: .6; } #onetrust-pc-sdk [id*=btn-handler], #onetrust-pc-sdk [class*=btn-handler] { background-color: #c19a06 !important; border-color: #c19a06 !important; } #onetrust-policy a, #onetrust-pc-sdk a, #ot-pc-content a { color: #c19a06 !important; } #onetrust-consent-sdk #onetrust-pc-sdk .ot-active-menu { border-color: #c19a06 !important; } #onetrust-consent-sdk #onetrust-accept-btn-handler, #onetrust-banner-sdk #onetrust-reject-all-handler, #onetrust-consent-sdk #onetrust-pc-btn-handler.cookie-setting-link { background-color: #c19a06 !important; border-color: #c19a06 !important; } #onetrust-consent-sdk .onetrust-pc-btn-handler { color: #c19a06 !important; border-color: #c19a06 !important; } Equinor Energy AS and Vår Energi ASA agreed to exchange interests across several Norwegian Continental Shelf (NCS) licenses in a transaction aimed at advancing the Peon gas discovery and consolidating each company’s position in core areas. “This transaction enables us to speed up progress of one of the largest undeveloped gas discoveries on the NCS, Peon, while strengthening our position in the Troll-Fram area,” said Kjetil Hove, executive vice-president for exploration and production Norway. Vår Energi’s chief executive officer, Nick Walker, said the agreement “strengthens our position in the Gjøa area, one of our key operated hubs,” adding that operatorship and increased ownership of Peon “position Vår Energi to deliver long-term value from existing infrastructure.” <!–> –><!–> –> June 25, 2026 Øyvind Gravås / © Vår Energi <!–> ]–> <!–> June 18, 2026 ]–> Jan Arne Wold and Elisabeth Sahl / ©Equinor <!–> ]–> <!–> May 21, 2026 –><!–> [–> Map from Norwegian Offshore Directorate <!–> ]–> <!–> March 16, 2026 ]–> <!–> Under the agreement, Equinor will transfer 32.5% interest in Peon and operatorship to Vår Energi. In return, Equinor receives interests in producing assets and development licenses, including a 5% interest in Fram field

Talos Energy, Ridgewood sign deal to acquire Gulf of Mexico assets from Shell Offshore
Talos would acquire a 25% non-operated working interest in the bp plc-operated (50%) Na Kika platform and the Kepler, Ariel, Fourier, and Herschel fields, along with a 50% working interest and operatorship in the Coulomb field, the company said in a separate release. The Na Kika interests are subject to a 30-day preferential purchase right held by affiliates of bp. According to bp’s website, Na Kika is one of bp’s “most prolific producers in the Gulf,” as a hub for 8 subsea fields with more than 100 miles of infield flowlines which make up the gathering system. Na Kika, which lies 140 miles southeast of New Orleans in 6,340 ft of water, is designed to process up to 130,000 b/d of oil and 550 MMcfd of natural gas. If exercised, Talos would acquire only the 50% working interest and operatorship in Coulomb field, Talos said. Shell’s entitlement production from the assets is expected to average 37,000 boe/d in 2025. The company reported proved reserves at year-end 2025 of 4.3 MMboe for Na Kika and 7.2 MMboe for Coulomb. Based on its internal modeling, Na Kika and Coulomb “will not be meaningful contributors to production by 2030,” Shell said. Average first-quarter 2026 production attributable to the interests Talos expects to acquire was about 16,000 boe/d, of which about 77% was oil, Talos said. What Shell retains The agreement includes a 50% upside-sharing arrangement with Shell from closing through year-end 2027, subject to commodity price thresholds and certain other contingencies. The arrangement applies if realized oil prices exceed $60/bbl, Talos said. According to Shell, it will receive uncapped upside-linked payments through 2027 and overriding royalty interests on production from future Na Kika tiebacks, subject to specified conditions. Shell Trading US Co. will retain rights to offtake production from Na Kika and Coulomb

Neste charts course for renewable fuels amidst industry retreat
Another technology that could provide massive potential to help meet rising energy demand and contribute to global climate goals is renewable hydrogen. Renewable hydrogen—or green hydrogen—is produced by electrolysis, where hydrogen is processed from water using renewable electricity (e.g., wind, solar) by splitting water molecules. Currently, around 95% of all hydrogen is made using fossil-derived natural gas, resulting in high GHG emissions. Since renewable hydrogen is nearly free of GHG emissions, the transition to a renewable hydrogen economy hold potential to transform the energy landscape. Just as with Neste’s the pilot program in Rotterdam, renewable fuel producers could benefit by evaluating options for replacing fossil-based hydrogen with renewable hydrogen in their production processes. In the renewable fuels production process, supply chain optimization is critical to ensure stable flows of both raw materials and end products. For Neste, this means an extensive global network for sourcing renewable raw materials and a market-centric distribution network to ensure renewable fuels reach customers and key markets quickly and efficiently. In the US, Neste made a major strategic move to enhance its supply network with the acquisition of Mahoney Environmental in 2020. This integration provides Neste with access to used cooking oil from over 100,000 locations across the country. To ensure efficient product delivery, Neste has also been fostering partnerships with infrastructure providers to lease terminals that are strategically located near key markets. These terminals are often well-connected to fuel logistics via vessels, barges, trucks, and pipelines. Having terminal capacities close to key markets can notably increase the availability and accessibility of Neste’s renewable fuels to customers. For example, the streamlined logistics system enabled a major expansion of Neste’s SAF supply in 2025, when Neste and United Airlines Inc. extended their partnership, making United the first commercial airline to purchase SAF for use on flights

QatarEnergy signs commercial declaration for offshore Cyprus
QatarEnergy has signed a commercial discovery declaration for the Glaucus and Pegasus fields in Cyprus, partnering with Cyprus and ExxonMobil to progress development plans and regulatory approvals for offshore gas production. <!–> June 30, 2026 –> Key Highlights QatarEnergy signed a commercial discovery declaration for offshore Cyprus. QatarEnergy, the government of Cyprus, and ExxonMobil will support the next phase of Block 10 development.
Stay Ahead with the Paperboy Newsletter
Your weekly dose of insights into AI, Bitcoin mining, Datacenters and Energy indusrty news. Spend 3-5 minutes and catch-up on 1 week of news.