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Oil Slumps, Gold Rallies as Traders Review Trump Tariff Hit
The long-awaited unveiling by President Donald Trump of sweeping reciprocal import tariffs triggered a slump in oil prices on Thursday, while gold rose to a fresh record. There was also an important carve-out for commodities from Canada and Mexico, as well as for energy and energy products. Here’s a round-up of the initial impact of Wednesday’s big announcement. Metals According to a White House fact sheet, steel, aluminum, gold and copper imports won’t be subject to reciprocal tariffs, providing at least some relief to domestic buyers who are already bearing the cost of Section 232 tariffs of 25% on all imports of some key metals. Gold, however, jumped as much as 1.1% to a record as investors sought safety following the tariff headlines. Bullion has climbed more than 20% this year after a ferocious run in 2024. Copper futures declined on concerns over the global economy. Oil and Gasoline Crude immediately dropped as trading started in the Asian morning. Futures fell more than 2%, dipping below $70 a barrel, amid concerns about declining demand and the potential for a trade war. However, energy and energy products are exempt from the new levies, meaning oil and natural gas markets won’t be directly impacted. Canada and Mexico — the two biggest foreign suppliers of oil to the US — were also left out of Wednesday’s cascade. Exports from the countries to the US that aren’t compliant with the North American trade agreement known as the USMCA will remain subject to an earlier levy of 25% generally (and 10% on Canadian energy), imposed by Trump earlier to counter illegal immigration and fentanyl smuggling. If that 25% tariff is later dropped for either country, the newly ordered reciprocal rate would apply, a senior administration official told reporters Wednesday. Agriculture US farmers also benefit from the reprieve on USMCA goods.

Russia Watchdog Halts Oil Loadings at One Berth in Novorossiysk
Russia’s transportation watchdog has ordered a 90-day halt to oil-loading operations at berth 8 of the Black Sea port of Novorossiysk, according to state infrastructure operator Transneft PJSC. The order came as security checks at the port identified some violations, Transneft, which controls the loading facilities, said in a statement on Wednesday. Tanker tracking by Bloomberg suggests that there will be no impact on crude oil flows and minimal impact on fuel flows from the step. The oil terminal has until June 30 to rectify the violations. The Novorossiysk port is a key export route for Russian crude oil and petroleum products and any significant disruptions to loadings may affect the nation’s production flows. However, last month, 23 crude tankers loaded there to carry Russian barrels abroad. All of them loaded at berths 1, 1a or 2, according to vessel tracking data compiled by Bloomberg and shipping industry data. The other oil berths in Novorossiysk are used for loading petroleum products, the data show. Since late February, no product tankers moored at berth 8 either, which suggests the facility isn’t used often. The suspension order comes just days after the transportation watchdog halted loadings at two moorings of the Caspian Pipeline Consortium located nearby. The authority identified security breaches there and ordered an indefinite halt until the violations are rectified. The order has left the CPC infrastructure with just one operational mooring. As the CPC link is the single-largest export route for Kazakh crude, initially expected to load about 1.5 million barrels a day in April, the halt has more of an impact for Kazakhstan. With no options for rerouting all the barrels, the nation may need to cut oil production just as the Organization of Petroleum Exporting Countries nudges it to meet the production quota. Apart from the Novorossiysk

Largest US gas-fired power plant planned for data centers in Pennsylvania
Homer City Redevelopment, or HCR, and Kiewit Power Constructors intend to build up to 4.5 GW of gas-fired generation at a retired power plant in Pennsylvania to serve a planned data center campus, the companies said Wednesday. The $10 billion generating project is slated to be built at the site of the 1,884-MW coal-fired Homer City power plant, which was shuttered in mid-2023. The 3,200-acre site, about 50 miles east of Pittsburgh, includes interconnections to the PJM Interconnection and New York Independent System Operator grids. The site interconnects with FirstEnergy Pennsylvania Electric’s system in PJM. GE Vernova will supply the Homer City Energy Campus project with seven hydrogen-enabled, gas-fired turbines, with the first deliveries expected to begin in 2026, HCR and Kiewit said. The generating project is expected to start producing power by 2027, they said. The power plant would be the largest gas-fired power plant in the United States, according to Kiewit. Greenhouse gas emissions from the power plant would be about 60% less per MWh than from the previous coal-fired power plant, according to HCR and Kiewit. The planned power plant will be supplied with fuel from the Texas Eastern gas pipeline system. HCR received a $5 million state grant to support construction of an interconnection between the generating station and the pipeline, which is about five miles away. The planned power plant will also provide electricity to “thousands of homes on the local grid,” HCR and Kiewit said. The project is backed by Knighthead Capital Management, a New York City-based private equity firm that as of mid-September owned about 75% of Homer City Holdings, the owner of the Homer City power plant, according to a filing at the Federal Energy Regulatory Commission. GoldenTree Asset Management owns about 12% of the company. HCR didn’t respond to questions about the

Russia Official Dmitriev to Meet Envoy Witkoff in Washington
US special envoy Steve Witkoff is expected to meet in Washington with senior Russian negotiator Kirill Dmitriev, according to a person familiar with the plans, an effort to smooth over tensions after President Donald Trump vented frustration with counterpart Vladimir Putin. Dmitriev on Thursday confirmed he was in Washington for meetings with representatives of the US administration. The meetings started on Wednesday and would continue Thursday, he said in a post on his Telegram channel that didn’t identify anyone with whom he’d meet. “Restoring dialogue is a difficult and gradual process,” he said. “A real understanding of the Russian position opens up new opportunities for constructive interaction, including in the investment and economic sphere.” Trump told NBC News over the weekend that he was “pissed off” with the Russian president and threatened secondary tariffs on buyers of Russian oil if Putin refused a ceasefire with Ukraine, rare public criticism of Moscow by the US president. Dmitriev, 49, runs Russia’s sovereign wealth fund and has played an important role in talks between the US and Russia. His presence in the US capital highlights the prospects of greater business cooperation between the two countries on potential projects, including in the Arctic and on liquefied natural gas. He’s a former Goldman Sachs Group Inc. investment banker who was educated at Stanford and Harvard Universities and has ties to Putin’s family. The White House National Security Council declined to comment. CNN reported earlier on the plans for Witkoff and Dmitriev to meet. US officials have become increasingly frustrated by Moscow’s slow-walking of negotiations. What appeared to be a breakthrough last week over a partial truce in the Black Sea quickly fell apart after Russian officials said it was contingent on sanctions relief. That assertion contradicted a US statement outlining the parameters of the agreement. Russia and

Phillips 66 Seals Acquisition of EPIC Midstream Assets
Phillips 66 has completed the acquisition of EPIC Y-Grade GP LLC and EPIC Y-Grade LP for about $2.2 billion, boosting its midstream footprint in the Permian Basin. The units, bought from EPIC Midstream Holdings LP, own natural gas liquids (NGL) pipelines, fractionation facilities and distribution systems. “This transaction strengthens our position as a leading integrated downstream energy provider”, Don Baldridge, Phillips 66 executive vice president for midstream and chemicals, said in a company statement. “We are evolving our portfolio and enhancing our ability to provide seamless and efficient delivery of energy products. “Phillips 66 will offer producers unparalleled flow assurance, while advancing a strategy that is expected to deliver attractive returns and create long-term value for our shareholders”. The acquired operations comprise two fractionators with a capacity of170,000 barrels per day (bpd) near Corpus Christi, Texas; purity distribution pipelines stretching about 350 miles; and an NGL pipeline around 885 miles long and with a capacity of 175,000 bpd. The NGL pipeline links the Delaware, Midland and Eagle Ford basins to the fractionation complexes and Phillips 66’s Sweeny Hub, which has facilities for crude distilling, naphtha reforming, fluid catalytic cracking, alkylation and hydrodesulfurization, as well as aromatics units, a vacuum distillation unit and a delayed coking unit. The pipeline capacity is being raised to 225,000 bpd, in a project expected to be completed in the second quarter. A further expansion has also been sanctioned to grow the capacity to 350,000 bpd; completion is expected 2026. EPIC has also put in place plans to raise the fractionation capacity to 280,000 bpd. “The acquired assets connect Permian production to Gulf Coast refiners, petrochemical companies and export markets, and are highly integrated with the Phillips 66 asset base”, Phillips 66 said. Announcing the agreement January 6, the company said, “Phillips 66 does not expect

Octopus Energy takes 10% East Anglia One stake
Octopus Energy has taken a 10% stake in the 714MW East Anglia One offshore wind farm, based off the coast of Suffolk. Octopus acquired the stake from Macquarie Asset Management for an undisclosed sum on behalf of Vector, Octopus’ offshore wind fund aimed at investing in fixed and floating offshore wind projects. The deal marks Macquarie’s third sale of its stake in the project, having started holding 40% of the £2.5 billion project, with ScottishPower Renewables holding the rest. It sold 20% of the project to the Renewables Infrastructure Group (TRIG) in 2020 when the wind farm went into operations, followed by another 10% in 2024 to NTR on behalf of L&G NTR Clean Power and the Development Bank of Japan. The deal is also Octopus Energy’s fourth investment in a UK offshore wind farm and its seventh in Europe. In addition to East Anglia One, Octopus has stakes in the UK’s Hornsea One, Lincs and Walney Extension, along with Butendiek in Germany, and Borssele V and Borssele III & IV in the Netherlands. The East Anglia deal builds upon the company’s $2bn of total offshore wind investments made last year. The company has previously said it aims to invest £2bn in UK clean energy projects by 2030, with the East Anglia One deal contributing to this goal. Octopus added that it is looking at the French market as it plans to enter the country’s offshore wind tender and develop a brand-new offshore wind farm in partnership with Skyborn Renewables. Octopus Energy Generation CEO Zoisa North-Bond said: “Britain is blessed with strong winds and long coastlines – perfect conditions for offshore wind. “The sector has become a vital pillar of our energy system over the past years, and this investment will help to turbocharge this clean technology further, bringing cheaper,

Oil Slumps, Gold Rallies as Traders Review Trump Tariff Hit
The long-awaited unveiling by President Donald Trump of sweeping reciprocal import tariffs triggered a slump in oil prices on Thursday, while gold rose to a fresh record. There was also an important carve-out for commodities from Canada and Mexico, as well as for energy and energy products. Here’s a round-up of the initial impact of Wednesday’s big announcement. Metals According to a White House fact sheet, steel, aluminum, gold and copper imports won’t be subject to reciprocal tariffs, providing at least some relief to domestic buyers who are already bearing the cost of Section 232 tariffs of 25% on all imports of some key metals. Gold, however, jumped as much as 1.1% to a record as investors sought safety following the tariff headlines. Bullion has climbed more than 20% this year after a ferocious run in 2024. Copper futures declined on concerns over the global economy. Oil and Gasoline Crude immediately dropped as trading started in the Asian morning. Futures fell more than 2%, dipping below $70 a barrel, amid concerns about declining demand and the potential for a trade war. However, energy and energy products are exempt from the new levies, meaning oil and natural gas markets won’t be directly impacted. Canada and Mexico — the two biggest foreign suppliers of oil to the US — were also left out of Wednesday’s cascade. Exports from the countries to the US that aren’t compliant with the North American trade agreement known as the USMCA will remain subject to an earlier levy of 25% generally (and 10% on Canadian energy), imposed by Trump earlier to counter illegal immigration and fentanyl smuggling. If that 25% tariff is later dropped for either country, the newly ordered reciprocal rate would apply, a senior administration official told reporters Wednesday. Agriculture US farmers also benefit from the reprieve on USMCA goods.

Russia Watchdog Halts Oil Loadings at One Berth in Novorossiysk
Russia’s transportation watchdog has ordered a 90-day halt to oil-loading operations at berth 8 of the Black Sea port of Novorossiysk, according to state infrastructure operator Transneft PJSC. The order came as security checks at the port identified some violations, Transneft, which controls the loading facilities, said in a statement on Wednesday. Tanker tracking by Bloomberg suggests that there will be no impact on crude oil flows and minimal impact on fuel flows from the step. The oil terminal has until June 30 to rectify the violations. The Novorossiysk port is a key export route for Russian crude oil and petroleum products and any significant disruptions to loadings may affect the nation’s production flows. However, last month, 23 crude tankers loaded there to carry Russian barrels abroad. All of them loaded at berths 1, 1a or 2, according to vessel tracking data compiled by Bloomberg and shipping industry data. The other oil berths in Novorossiysk are used for loading petroleum products, the data show. Since late February, no product tankers moored at berth 8 either, which suggests the facility isn’t used often. The suspension order comes just days after the transportation watchdog halted loadings at two moorings of the Caspian Pipeline Consortium located nearby. The authority identified security breaches there and ordered an indefinite halt until the violations are rectified. The order has left the CPC infrastructure with just one operational mooring. As the CPC link is the single-largest export route for Kazakh crude, initially expected to load about 1.5 million barrels a day in April, the halt has more of an impact for Kazakhstan. With no options for rerouting all the barrels, the nation may need to cut oil production just as the Organization of Petroleum Exporting Countries nudges it to meet the production quota. Apart from the Novorossiysk

Largest US gas-fired power plant planned for data centers in Pennsylvania
Homer City Redevelopment, or HCR, and Kiewit Power Constructors intend to build up to 4.5 GW of gas-fired generation at a retired power plant in Pennsylvania to serve a planned data center campus, the companies said Wednesday. The $10 billion generating project is slated to be built at the site of the 1,884-MW coal-fired Homer City power plant, which was shuttered in mid-2023. The 3,200-acre site, about 50 miles east of Pittsburgh, includes interconnections to the PJM Interconnection and New York Independent System Operator grids. The site interconnects with FirstEnergy Pennsylvania Electric’s system in PJM. GE Vernova will supply the Homer City Energy Campus project with seven hydrogen-enabled, gas-fired turbines, with the first deliveries expected to begin in 2026, HCR and Kiewit said. The generating project is expected to start producing power by 2027, they said. The power plant would be the largest gas-fired power plant in the United States, according to Kiewit. Greenhouse gas emissions from the power plant would be about 60% less per MWh than from the previous coal-fired power plant, according to HCR and Kiewit. The planned power plant will be supplied with fuel from the Texas Eastern gas pipeline system. HCR received a $5 million state grant to support construction of an interconnection between the generating station and the pipeline, which is about five miles away. The planned power plant will also provide electricity to “thousands of homes on the local grid,” HCR and Kiewit said. The project is backed by Knighthead Capital Management, a New York City-based private equity firm that as of mid-September owned about 75% of Homer City Holdings, the owner of the Homer City power plant, according to a filing at the Federal Energy Regulatory Commission. GoldenTree Asset Management owns about 12% of the company. HCR didn’t respond to questions about the

Russia Official Dmitriev to Meet Envoy Witkoff in Washington
US special envoy Steve Witkoff is expected to meet in Washington with senior Russian negotiator Kirill Dmitriev, according to a person familiar with the plans, an effort to smooth over tensions after President Donald Trump vented frustration with counterpart Vladimir Putin. Dmitriev on Thursday confirmed he was in Washington for meetings with representatives of the US administration. The meetings started on Wednesday and would continue Thursday, he said in a post on his Telegram channel that didn’t identify anyone with whom he’d meet. “Restoring dialogue is a difficult and gradual process,” he said. “A real understanding of the Russian position opens up new opportunities for constructive interaction, including in the investment and economic sphere.” Trump told NBC News over the weekend that he was “pissed off” with the Russian president and threatened secondary tariffs on buyers of Russian oil if Putin refused a ceasefire with Ukraine, rare public criticism of Moscow by the US president. Dmitriev, 49, runs Russia’s sovereign wealth fund and has played an important role in talks between the US and Russia. His presence in the US capital highlights the prospects of greater business cooperation between the two countries on potential projects, including in the Arctic and on liquefied natural gas. He’s a former Goldman Sachs Group Inc. investment banker who was educated at Stanford and Harvard Universities and has ties to Putin’s family. The White House National Security Council declined to comment. CNN reported earlier on the plans for Witkoff and Dmitriev to meet. US officials have become increasingly frustrated by Moscow’s slow-walking of negotiations. What appeared to be a breakthrough last week over a partial truce in the Black Sea quickly fell apart after Russian officials said it was contingent on sanctions relief. That assertion contradicted a US statement outlining the parameters of the agreement. Russia and

Phillips 66 Seals Acquisition of EPIC Midstream Assets
Phillips 66 has completed the acquisition of EPIC Y-Grade GP LLC and EPIC Y-Grade LP for about $2.2 billion, boosting its midstream footprint in the Permian Basin. The units, bought from EPIC Midstream Holdings LP, own natural gas liquids (NGL) pipelines, fractionation facilities and distribution systems. “This transaction strengthens our position as a leading integrated downstream energy provider”, Don Baldridge, Phillips 66 executive vice president for midstream and chemicals, said in a company statement. “We are evolving our portfolio and enhancing our ability to provide seamless and efficient delivery of energy products. “Phillips 66 will offer producers unparalleled flow assurance, while advancing a strategy that is expected to deliver attractive returns and create long-term value for our shareholders”. The acquired operations comprise two fractionators with a capacity of170,000 barrels per day (bpd) near Corpus Christi, Texas; purity distribution pipelines stretching about 350 miles; and an NGL pipeline around 885 miles long and with a capacity of 175,000 bpd. The NGL pipeline links the Delaware, Midland and Eagle Ford basins to the fractionation complexes and Phillips 66’s Sweeny Hub, which has facilities for crude distilling, naphtha reforming, fluid catalytic cracking, alkylation and hydrodesulfurization, as well as aromatics units, a vacuum distillation unit and a delayed coking unit. The pipeline capacity is being raised to 225,000 bpd, in a project expected to be completed in the second quarter. A further expansion has also been sanctioned to grow the capacity to 350,000 bpd; completion is expected 2026. EPIC has also put in place plans to raise the fractionation capacity to 280,000 bpd. “The acquired assets connect Permian production to Gulf Coast refiners, petrochemical companies and export markets, and are highly integrated with the Phillips 66 asset base”, Phillips 66 said. Announcing the agreement January 6, the company said, “Phillips 66 does not expect

Octopus Energy takes 10% East Anglia One stake
Octopus Energy has taken a 10% stake in the 714MW East Anglia One offshore wind farm, based off the coast of Suffolk. Octopus acquired the stake from Macquarie Asset Management for an undisclosed sum on behalf of Vector, Octopus’ offshore wind fund aimed at investing in fixed and floating offshore wind projects. The deal marks Macquarie’s third sale of its stake in the project, having started holding 40% of the £2.5 billion project, with ScottishPower Renewables holding the rest. It sold 20% of the project to the Renewables Infrastructure Group (TRIG) in 2020 when the wind farm went into operations, followed by another 10% in 2024 to NTR on behalf of L&G NTR Clean Power and the Development Bank of Japan. The deal is also Octopus Energy’s fourth investment in a UK offshore wind farm and its seventh in Europe. In addition to East Anglia One, Octopus has stakes in the UK’s Hornsea One, Lincs and Walney Extension, along with Butendiek in Germany, and Borssele V and Borssele III & IV in the Netherlands. The East Anglia deal builds upon the company’s $2bn of total offshore wind investments made last year. The company has previously said it aims to invest £2bn in UK clean energy projects by 2030, with the East Anglia One deal contributing to this goal. Octopus added that it is looking at the French market as it plans to enter the country’s offshore wind tender and develop a brand-new offshore wind farm in partnership with Skyborn Renewables. Octopus Energy Generation CEO Zoisa North-Bond said: “Britain is blessed with strong winds and long coastlines – perfect conditions for offshore wind. “The sector has become a vital pillar of our energy system over the past years, and this investment will help to turbocharge this clean technology further, bringing cheaper,

UK government to profit from nuclear fusion fund
The UK government has invested £20 million into a UK nuclear fusion investment fund, which is expected to leverage up to £100m of private investment. Energy secretary Ed Miliband said: “This government is taking back control of Britain’s energy by driving for clean homegrown power through our Plan for Change. “Fusion has the potential to provide us with energy security, whilst attracting the best technologies to our shores and training up the next generation of British scientists and engineers. We are backing both nuclear and fusion power, and today we take a step forward in growing this exciting industry.” The Department for Energy Security and Net Zero (DESNZ) said on Thursday that it is investing capital to unlock private sector investment and help the nascent sector scale up. It said government will receive a share of any returns made by the partnership. The department argued that successful deployment of nuclear fusion energy would be “globally transformative” and would allow the UK to export the technology to a global market that is expected to be worth trillions of pounds. It said the funding was allocated from the government’s existing research and development budget for the year 2024 to 2025. The government’s cornerstone investment in nuclear fusion will effectively “kickstart” the Starmaker One investment fund, a private vehicle set up to enable start-ups and businesses to commercialise and grow. It is the first early-stage fusion energy venture capital fund to be formed outside the US and the first of its kind to partner with the government as an investor. The energy department said it has invested £410m, unveiled in January, into UK nuclear fusion research to spur collaboration with other countries to drive economic growth through developing clean and “unlimited” power. The fusion fund is structured as a limited partnership, in which the UK government is

EIP Raises Stake in Eni Renewables Arm to 10 Percent
Energy Infrastructure Partners (EIP) has injected about EUR 209 million ($230.42 million) in additional capital into Eni Plenitude SpA Società Benefit, increasing its stake to 10 percent. Including EUR 588 million paid March 2024, EIP’s investment in Eni SpA’s renewables arm now totals about EUR 800 million. “The transaction confirms a post-money equity value of Plenitude of around EUR 8 billion and an enterprise value of over EUR 10 billion”, Italian state-backed integrated energy company Eni said in an online statement. EIP partner Tim Marahrens said, “Our increased commitment to Plenitude reflects our confidence in its unique integrated model, which combines renewable generation, retail energy solutions and e-mobility at scale”. “Over the past year, Plenitude has demonstrated its ability to exceed targets and capitalize on the accelerating energy transition”, Marahrens added. Plenitude’s installed generation capacity from renewable sources rose to 4 GW last year, meeting a goal Eni outlined in its 2024-27 plan published March 14, 2024. Plenitude plans to reach over 8 GW of installed renewable energy capacity by 2027, and 15 GW by 2030. Currently it is active in over 15 countries. In Europe, it counts more than 10 million energy and energy solutions clients, as well as over 21,000 electric vehicle charging points, Eni said. Recently KKR & Co. Inc. completed the purchase of a 25 percent stake in another Eni company, biofuels developer Enilive. That is to be raised to 30 percent after the conclusion of a later deal. “The overall proceeds for Eni group, after accounting for cash adjustments and other items, amount to 2.967 billion euros [$3.2 billion], including a capital increase in Enilive of 500 million euros to support the company’s growth plan”, Eni said in a press release March 6. “Enilive, with its integrated business model, represents a prime example of the progress of the business satellite

Breaking the silence: Mental health in the workplace
IntrospeXion recognises that mental health is not just a personal struggle but a universal challenge, affecting every industry. Remote personnel, in particular, experience extreme psychological stress due to isolation, high-risk environments and limited access to support. While physical safety is a priority across all sectors, mental health remains a silent crisis that requires urgent attention. The harsh reality: What the data tells us Recent assessments conducted by IntrospeXion and many other industry experts, have revealed alarming trends within the Energy sector in the North Sea: 75% of all suicides are men. Increase in cases of domestic abuse for remote personnel, predominantly emotional and psychological in nature. 25% of reported domestic abuse cases involve male victims. Offshore workers are 15x more likely to attempt suicide. Burnout among young workers: 1/3 of Gen-Z workers (aged 18-24) took time off in 2024 due to stress, indicating a generational divide in resilience and coping with workplace pressures. 67% reported fatigue and sleep disruption, impacting cognitive function and overall wellbeing. Extrapolating these figures across the 40,000 offshore workers in the North Sea, the mental health crisis in this sector is undeniable. Yet, support structures remain inadequate, and stigma prevents many from seeking help. The role of industry leaders HR departments and industry leaders must take proactive ownership of offshore mental health. Traditional Employee Assistance Programs (EAPs) have just a 4% uptake, proof that conventional approaches are failing this workforce. IntrospeXion: Delivering real change IntrospeXion was founded by an industry psychologist to bridge the gap between mental health needs and meaningful intervention. Their team of qualified Psychologists provide onshore and offshore mental health solutions, which include: On-site Psychological Support: Routine mental health check-ins with qualified professionals. Crisis Intervention Training: Equipping managers with the skills to spot early warning signs and respond effectively. Cognitive Behavioural Stress Inoculation

BP, Repsol Start Production at Cypre Gas Project in Trinidad
BP PLC said Monday the Cypre field in Trinidad and Tobago is now producing and is expected to deliver about 250 million standard cubic feet a day (MMscfd) of gas at peak. The project, located 78 kilometers (48.47 miles) off the southeast coast of Trinidad in a water depth of about 80 meters (262.47 feet) according to BP, is part of the East Mayaro Block. Cypre is wholly owned by BP Trinidad and Tobago LLC (BPTT), a joint venture owned 70 percent by Britain’s BP and 30 percent by Spain’s Repsol SA. Cypre is one of 10 projects that BP aims to start up between 2025 and 2027. “Production from Cypre will make a significant contribution towards the 250,000 barrels of oil equivalent per day combined peak net production expected from these 10 projects”, it said in an online statement. BPTT’s third subsea development, Cypre will have 7 wells tied back to BPTT’s existing Jupiter platform. Phase 1, consisting of 4 wells, was completed at the end of 2024. “The second phase is expected to commence in the second half of this year”, BP said. BPTT president David Campbell said, “Cypre is another key milestone in bpTT’s strategy to maximize production from our shallow water acreage using existing infrastructure”. “The project not only reinforces our commitment to maintaining production but also plays a crucial role in satisfying our existing gas supply commitments”, Campbell added. “Cypre represents a significant investment in the country’s energy sector”. William Lin, BP executive vice president for gas and low-carbon energy, said, “The second of 10 major projects across our global portfolio that we expect to start up by 2027, Cypre is also the first of a series of projects we will be bringing online in Trinidad to deliver gas to the nation and add value for

USA Crude Oil Inventories Rise More Than 6MM Barrels Week on Week
U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), increased by 6.2 million barrels from the week ending March 21 to the week ending March 28, the U.S. Energy Information Administration (EIA) highlighted in its latest weekly petroleum status report. That report was released on April 2 and included data for the week ending March 28. The EIA report showed that crude oil stocks, not including the SPR, stood at 439.8 million barrels on March 28, 433.6 million barrels on March 21, and 451.4 million barrels on March 29, 2024. Crude oil in the SPR stood at 396.4 million barrels on March 28, 396.1 million barrels on March 21, and 363.6 million barrels on March 29, 2024, the report outlined. Total petroleum stocks – including crude oil, total motor gasoline, fuel ethanol, kerosene type jet fuel, distillate fuel oil, residual fuel oil, propane/propylene, and other oils – stood at 1.605 billion barrels on March 28, the report showed. Total petroleum stocks were up 5.6 million barrels week on week and up 27.2 million barrels year on year, the report revealed. “At 439.8 million barrels, U.S. crude oil inventories are about four percent below the five year average for this time of year,” the EIA said in its report. “Total motor gasoline inventories decreased by 1.6 million barrels from last week and are two percent above the five year average for this time of year. Finished gasoline inventories increased and blending components inventories decreased last week,” it added. “Distillate fuel inventories increased by 0.3 million barrels last week and are about six percent below the five year average for this time of year. Propane/propylene inventories increased by 1.0 million barrels from last week and are eight percent below the five year average for this time of year,”

Kumul Wraps Up Kimu, Barikewa Seismic Program
Papua New Guinea’s national petroleum and energy company Kumul Petroleum Holdings Limited has finished its seismic program on its operated Kimu and Barikewa licenses. “On Wednesday, March 26, we shot the last hole on a seismic line in the Kimu license, and camp demobilization has begun. This is the culmination of a seismic program we have been undertaking in our two petroleum retention licenses”, Wapu Sonk, Kumul Petroleum’s managing director, said. “The purpose of this seismic work is to gather additional geological information on the petroleum resources already discovered in these two licenses, to increase the volumes of oil and gas reserves. The second objective is to identify and firm up siting of some delineation wells and exploration targets”. Sonk said the seismic campaign had been carried out by contractor OilMin Holdings and had taken approximately six months. He noted that seismic line cutting is a labor-intensive activity and the six seismic lines required the employment of 477 local people in remote areas of the Gulf and Western provinces. The company anticipates 6 months for analyzing and incorporating seismic data into its geological models. “Kumul Petroleum and OilMin have worked closely with locally impacted communities and although seismic work only requires company presence in an area for a relatively short time, assistance has been provided to local primary schools at Kaiam and Kumusi. Without community support this fieldwork would not have been possible”, Sonk said. Sonk said Kumul Petroleum is investing heavily to assess and develop its oil and gas licenses, aiming to create economically viable development plans. He highlighted Kumul Petroleum’s direct involvement in exploring and potentially commercializing previously deemed unviable gas resources in Papua New Guinea. To contact the author, email [email protected] What do you think? We’d love to hear from you, join the conversation on the Rigzone

West of Orkney developers helped support 24 charities last year
The developers of the 2GW West of Orkney wind farm paid out a total of £18,000 to 24 organisations from its small donations fund in 2024. The money went to projects across Caithness, Sutherland and Orkney, including a mental health initiative in Thurso and a scheme by Dunnet Community Forest to improve the quality of meadows through the use of traditional scythes. Established in 2022, the fund offers up to £1,000 per project towards programmes in the far north. In addition to the small donations fund, the West of Orkney developers intend to follow other wind farms by establishing a community benefit fund once the project is operational. West of Orkney wind farm project director Stuart McAuley said: “Our donations programme is just one small way in which we can support some of the many valuable initiatives in Caithness, Sutherland and Orkney. “In every case we have been immensely impressed by the passion and professionalism each organisation brings, whether their focus is on sport, the arts, social care, education or the environment, and we hope the funds we provide help them achieve their goals.” In addition to the local donations scheme, the wind farm developers have helped fund a £1 million research and development programme led by EMEC in Orkney and a £1.2m education initiative led by UHI. It also provided £50,000 to support the FutureSkills apprenticeship programme in Caithness, with funds going to employment and training costs to help tackle skill shortages in the North of Scotland. The West of Orkney wind farm is being developed by Corio Generation, TotalEnergies and Renewable Infrastructure Development Group (RIDG). The project is among the leaders of the ScotWind cohort, having been the first to submit its offshore consent documents in late 2023. In addition, the project’s onshore plans were approved by the

Biden bans US offshore oil and gas drilling ahead of Trump’s return
US President Joe Biden has announced a ban on offshore oil and gas drilling across vast swathes of the country’s coastal waters. The decision comes just weeks before his successor Donald Trump, who has vowed to increase US fossil fuel production, takes office. The drilling ban will affect 625 million acres of federal waters across America’s eastern and western coasts, the eastern Gulf of Mexico and Alaska’s Northern Bering Sea. The decision does not affect the western Gulf of Mexico, where much of American offshore oil and gas production occurs and is set to continue. In a statement, President Biden said he is taking action to protect the regions “from oil and natural gas drilling and the harm it can cause”. “My decision reflects what coastal communities, businesses, and beachgoers have known for a long time: that drilling off these coasts could cause irreversible damage to places we hold dear and is unnecessary to meet our nation’s energy needs,” Biden said. “It is not worth the risks. “As the climate crisis continues to threaten communities across the country and we are transitioning to a clean energy economy, now is the time to protect these coasts for our children and grandchildren.” Offshore drilling ban The White House said Biden used his authority under the 1953 Outer Continental Shelf Lands Act, which allows presidents to withdraw areas from mineral leasing and drilling. However, the law does not give a president the right to unilaterally reverse a drilling ban without congressional approval. This means that Trump, who pledged to “unleash” US fossil fuel production during his re-election campaign, could find it difficult to overturn the ban after taking office. Sunset shot of the Shell Olympus platform in the foreground and the Shell Mars platform in the background in the Gulf of Mexico Trump
The Download: our 10 Breakthrough Technologies for 2025
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. Introducing: MIT Technology Review’s 10 Breakthrough Technologies for 2025 Each year, we spend months researching and discussing which technologies will make the cut for our 10 Breakthrough Technologies list. We try to highlight a mix of items that reflect innovations happening in various fields. We look at consumer technologies, large industrial-scale projects, biomedical advances, changes in computing, climate solutions, the latest in AI, and more.We’ve been publishing this list every year since 2001 and, frankly, have a great track record of flagging things that are poised to hit a tipping point. It’s hard to think of another industry that has as much of a hype machine behind it as tech does, so the real secret of the TR10 is really what we choose to leave off the list.Check out the full list of our 10 Breakthrough Technologies for 2025, which is front and center in our latest print issue. It’s all about the exciting innovations happening in the world right now, and includes some fascinating stories, such as: + How digital twins of human organs are set to transform medical treatment and shake up how we trial new drugs.+ What will it take for us to fully trust robots? The answer is a complicated one.+ Wind is an underutilized resource that has the potential to steer the notoriously dirty shipping industry toward a greener future. Read the full story.+ After decades of frustration, machine-learning tools are helping ecologists to unlock a treasure trove of acoustic bird data—and to shed much-needed light on their migration habits. Read the full story.
+ How poop could help feed the planet—yes, really. Read the full story.
Roundtables: Unveiling the 10 Breakthrough Technologies of 2025 Last week, Amy Nordrum, our executive editor, joined our news editor Charlotte Jee to unveil our 10 Breakthrough Technologies of 2025 in an exclusive Roundtable discussion. Subscribers can watch their conversation back here. And, if you’re interested in previous discussions about topics ranging from mixed reality tech to gene editing to AI’s climate impact, check out some of the highlights from the past year’s events. This international surveillance project aims to protect wheat from deadly diseases For as long as there’s been domesticated wheat (about 8,000 years), there has been harvest-devastating rust. Breeding efforts in the mid-20th century led to rust-resistant wheat strains that boosted crop yields, and rust epidemics receded in much of the world.But now, after decades, rusts are considered a reemerging disease in Europe, at least partly due to climate change. An international initiative hopes to turn the tide by scaling up a system to track wheat diseases and forecast potential outbreaks to governments and farmers in close to real time. And by doing so, they hope to protect a crop that supplies about one-fifth of the world’s calories. Read the full story. —Shaoni Bhattacharya
The must-reads I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology. 1 Meta has taken down its creepy AI profiles Following a big backlash from unhappy users. (NBC News)+ Many of the profiles were likely to have been live from as far back as 2023. (404 Media)+ It also appears they were never very popular in the first place. (The Verge) 2 Uber and Lyft are racing to catch up with their robotaxi rivalsAfter abandoning their own self-driving projects years ago. (WSJ $)+ China’s Pony.ai is gearing up to expand to Hong Kong. (Reuters)3 Elon Musk is going after NASA He’s largely veered away from criticising the space agency publicly—until now. (Wired $)+ SpaceX’s Starship rocket has a legion of scientist fans. (The Guardian)+ What’s next for NASA’s giant moon rocket? (MIT Technology Review) 4 How Sam Altman actually runs OpenAIFeaturing three-hour meetings and a whole lot of Slack messages. (Bloomberg $)+ ChatGPT Pro is a pricey loss-maker, apparently. (MIT Technology Review) 5 The dangerous allure of TikTokMigrants’ online portrayal of their experiences in America aren’t always reflective of their realities. (New Yorker $) 6 Demand for electricity is skyrocketingAnd AI is only a part of it. (Economist $)+ AI’s search for more energy is growing more urgent. (MIT Technology Review) 7 The messy ethics of writing religious sermons using AISkeptics aren’t convinced the technology should be used to channel spirituality. (NYT $)
8 How a wildlife app became an invaluable wildfire trackerWatch Duty has become a safeguarding sensation across the US west. (The Guardian)+ How AI can help spot wildfires. (MIT Technology Review) 9 Computer scientists just love oracles 🔮 Hypothetical devices are a surprisingly important part of computing. (Quanta Magazine)
10 Pet tech is booming 🐾But not all gadgets are made equal. (FT $)+ These scientists are working to extend the lifespan of pet dogs—and their owners. (MIT Technology Review) Quote of the day “The next kind of wave of this is like, well, what is AI doing for me right now other than telling me that I have AI?” —Anshel Sag, principal analyst at Moor Insights and Strategy, tells Wired a lot of companies’ AI claims are overblown.
The big story Broadband funding for Native communities could finally connect some of America’s most isolated places September 2022 Rural and Native communities in the US have long had lower rates of cellular and broadband connectivity than urban areas, where four out of every five Americans live. Outside the cities and suburbs, which occupy barely 3% of US land, reliable internet service can still be hard to come by.
The covid-19 pandemic underscored the problem as Native communities locked down and moved school and other essential daily activities online. But it also kicked off an unprecedented surge of relief funding to solve it. Read the full story. —Robert Chaney 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.) + Rollerskating Spice Girls is exactly what your Monday morning needs.+ It’s not just you, some people really do look like their dogs!+ I’m not sure if this is actually the world’s healthiest meal, but it sure looks tasty.+ Ah, the old “bitten by a rabid fox chestnut.”

Equinor Secures $3 Billion Financing for US Offshore Wind Project
Equinor ASA has announced a final investment decision on Empire Wind 1 and financial close for $3 billion in debt financing for the under-construction project offshore Long Island, expected to power 500,000 New York homes. The Norwegian majority state-owned energy major said in a statement it intends to farm down ownership “to further enhance value and reduce exposure”. Equinor has taken full ownership of Empire Wind 1 and 2 since last year, in a swap transaction with 50 percent co-venturer BP PLC that allowed the former to exit the Beacon Wind lease, also a 50-50 venture between the two. Equinor has yet to complete a portion of the transaction under which it would also acquire BP’s 50 percent share in the South Brooklyn Marine Terminal lease, according to the latest transaction update on Equinor’s website. The lease involves a terminal conversion project that was intended to serve as an interconnection station for Beacon Wind and Empire Wind, as agreed on by the two companies and the state of New York in 2022. “The expected total capital investments, including fees for the use of the South Brooklyn Marine Terminal, are approximately $5 billion including the effect of expected future tax credits (ITCs)”, said the statement on Equinor’s website announcing financial close. Equinor did not disclose its backers, only saying, “The final group of lenders includes some of the most experienced lenders in the sector along with many of Equinor’s relationship banks”. “Empire Wind 1 will be the first offshore wind project to connect into the New York City grid”, the statement added. “The redevelopment of the South Brooklyn Marine Terminal and construction of Empire Wind 1 will create more than 1,000 union jobs in the construction phase”, Equinor said. On February 22, 2024, the Bureau of Ocean Energy Management (BOEM) announced

USA Crude Oil Stocks Drop Week on Week
U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 1.2 million barrels from the week ending December 20 to the week ending December 27, the U.S. Energy Information Administration (EIA) highlighted in its latest weekly petroleum status report, which was released on January 2. Crude oil stocks, excluding the SPR, stood at 415.6 million barrels on December 27, 416.8 million barrels on December 20, and 431.1 million barrels on December 29, 2023, the report revealed. Crude oil in the SPR came in at 393.6 million barrels on December 27, 393.3 million barrels on December 20, and 354.4 million barrels on December 29, 2023, the report showed. Total petroleum stocks – including crude oil, total motor gasoline, fuel ethanol, kerosene type jet fuel, distillate fuel oil, residual fuel oil, propane/propylene, and other oils – stood at 1.623 billion barrels on December 27, the report revealed. This figure was up 9.6 million barrels week on week and up 17.8 million barrels year on year, the report outlined. “At 415.6 million barrels, U.S. crude oil inventories are about five percent below the five year average for this time of year,” the EIA said in its latest report. “Total motor gasoline inventories increased by 7.7 million barrels from last week and are slightly below the five year average for this time of year. Finished gasoline inventories decreased last week while blending components inventories increased last week,” it added. “Distillate fuel inventories increased by 6.4 million barrels last week and are about six percent below the five year average for this time of year. Propane/propylene inventories decreased by 0.6 million barrels from last week and are 10 percent above the five year average for this time of year,” it went on to state. In the report, the EIA noted

More telecom firms were breached by Chinese hackers than previously reported
Broader implications for US infrastructure The Salt Typhoon revelations follow a broader pattern of state-sponsored cyber operations targeting the US technology ecosystem. The telecom sector, serving as a backbone for industries including finance, energy, and transportation, remains particularly vulnerable to such attacks. While Chinese officials have dismissed the accusations as disinformation, the recurring breaches underscore the pressing need for international collaboration and policy enforcement to deter future attacks. The Salt Typhoon campaign has uncovered alarming gaps in the cybersecurity of US telecommunications firms, with breaches now extending to over a dozen networks. Federal agencies and private firms must act swiftly to mitigate risks as adversaries continue to evolve their attack strategies. Strengthening oversight, fostering industry-wide collaboration, and investing in advanced defense mechanisms are essential steps toward safeguarding national security and public trust.

Zencoder’s ‘Coffee Mode’ is the future of coding: Hit a button and let AI write your unit tests
Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Zencoder unveils its next-generation AI coding and unit testing agents today, positioning the San Francisco-based company as a formidable challenger to established players like GitHub Copilot and newcomers like Cursor. The company, founded by former Wrike CEO Andrew Filev, integrates its AI agents directly into popular development environments including Visual Studio Code and JetBrains IDEs, alongside deep integrations with JIRA, GitHub, GitLab, Sentry, and more than 20 other development tools. “We started with the thesis that transformers are powerful computing building blocks, but if you put them in a more agentic environment, you can get much more out of them,” said Filev in an exclusive interview with VentureBeat. “By agentic, I mean two key things: first, giving the AI feedback so it can improve its work, and second, equipping it with tools. Just like human intelligence, AI becomes significantly more capable when it has the right tools at its disposal.” Why developers won’t need to abandon their favorite IDEs for AI assistance Several AI coding assistants have emerged in the past year, but Zencoder’s approach distinguishes itself by operating within existing workflows rather than requiring developers to switch platforms. “Our main competitor is Cursor. Cursor is its own development environment versus we deliver the same very powerful agentic capabilities, but within existing development environments,” Filev told VentureBeat. “For some developers, it doesn’t really matter. But for some developers, they either want or have to stick to their existing environments.” This distinction matters particularly for enterprise developers working in Java and C#, languages for which specialized IDEs like JetBrains’ IntelliJ and Rider offer more robust support than generalized environments. How Zencoder’s AI agents are beating state-of-the-art benchmarks by double-digit margins The company

The Download: how to make better cooling systems, and farming on Mars
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. How 3D printing could make better cooling systems A new 3D-printed design could make an integral part of cooling systems like air conditioners or refrigerators smaller and more efficient, according to new research. Heat exchangers are devices that whisk away heat, and they’re everywhere—used in data centers, ships, factories, and buildings. The aim is to pass as much heat as possible from one side of the device to the other. Most use one of a few standard designs that have historically been easiest and cheapest to make.
Energy demand for cooling buildings alone is set to double between now and 2050, and new designs could help efficiently meet the massive demand forecast for the coming decades. Read the full story. —Casey Crownhart
MIT Technology Review Narrated: The quest to figure out farming on Mars If we’re going to live on Mars we’ll need a way to grow food in its arid dirt. Researchers think they know a way. This is our latest story to be turned into a MIT Technology Review Narrated podcast, which we’re publishing each week on Spotify and Apple Podcasts. Just navigate to MIT Technology Review Narrated on either platform, and follow us to get all our new content as it’s released. The must-reads I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology. 1 Thousands of US health agency workers have been laid offExperts warn that patients will die preventable deaths as a result. (Wired $)+ How will the US respond to the measles and bird flu outbreaks? (Reuters) + US cuts could lead to serious delays in forecasting extreme weather. (Undark)+ The wide-ranging cuts are also likely to lose America money. (The Atlantic $)
2 Donald Trump is set to discuss a proposal to save TikTok He’s due to meet with aides today to thrash out a new ownership structure. (NYT $)+ Oracle and Blackstone are among the companies in talks to make an offer. (WSJ $)+ The White House is playing the role of investment bank. (The Guardian) 3 X has asked the Supreme Court to exempt its users from law enforcementIt claims to be worried by broad, suspicionless requests. (FT $) 4 Things aren’t looking good for Mexico-based Chinese companies Trump’s tariff plans could imperil an awful lot of deals. (WSJ $)+ The US Chips Act is another probable casualty. (Bloomberg $) 5 US lawmakers want to regulate AI companionsA proposed bill would allow users to sue if they suffer harm from their interactions with a companion bot. (WP $)+ We need to prepare for ‘addictive intelligence.’ (MIT Technology Review) 6 Covid hasn’t gone awayAnd life for the covid-conscious is getting increasingly difficult. (The Atlantic $) 7 Brands are trying to game Reddit to show up in ChatGPT recommendationsCatering to AI search is a whole business model now. (The Information $)+ Your most important customer may be AI. (MIT Technology Review) 8 Nothing could destroy the universeHumans have long been obsessed with nothingness. (New Scientist $) 9 Would you flirt with a chatbot?Tinder wants you to give it a go. (Bloomberg $)+ The AI relationship revolution is already here. (MIT Technology Review)
10 Trading in your Tesla is TikTok’s favorite trendClips of Tesla owners ditching their cars are going viral. (Fast Company $)+ This guy returned his Cybertruck out of fear his daughter would get bullied. (Insider $)+ Sales of new Teslas are slumping too. (NYT $)
Quote of the day “I’d get on in a heartbeat.” —Butch Wilmore, one of the pair of astronauts who was stuck in space for nine months, explains how he’d be willing to fly on the beleaguered Starliner again, the Washington Post reports. The big story Bringing the lofty ideas of pure math down to earth
April 2023—Pradeep Niroula Mathematics has long been presented as a sanctuary from confusion and doubt, a place to go in search of answers. Perhaps part of the mystique comes from the fact that biographies of mathematicians often paint them as otherworldly savants.As a graduate student in physics, I have seen the work that goes into conducting delicate experiments, but the daily grind of mathematical discovery is a ritual altogether foreign to me. And this feeling is only reinforced by popular books on math, which often take the tone of a pastor dispensing sermons to the faithful. Luckily, there are ways to bring it back down to earth. Popular math books seek a fresher take on these old ideas, be it through baking recipes or hot-button political issues. My verdict: Why not? It’s worth a shot. Read the full story.

Gladia launches Solaria as AI-based multi-lingual speech recognition model for speech-to-text transcription
Gladia, an AI transcription and audio intelligence provider, launched Solaria, a next-gen automatic speech recognition (ASR) model designed to redefine real-time communications for call centers and other voice-first platforms.
Solaria now empowers businesses to enhance and expand their customer service operations with AI-powered voice technology that delivers unmatched language coverage—supporting 40+ languages previously inaccessible with other solutions—without compromising quality or speed.
While outsourcing has long been a cost reduction strategy in the call center industry, businesses now face a new, critical challenge: providing seamless, multilingual support at scale. With 49% of global executives reporting financial losses due to language barriers, the demand for scalable, high-quality multilingual solutions has never been greater.
“We’ve seen in the market a huge surge in voice AI. It’s like voice is part of our life again, and we are introducing a new product called Solaria, which is a model that is real time with advanced capabilities,” said Jean-Louis Queguiner, CEO of Gladia, in an interview with GamesBeat. “And it’s going to be the fastest on the market, and the most accurate in the market, covering 100 languages.”
The product also has features like real time sentiment analysis and real time translation, he said. It handles speech to text translation and transcription. This is important to do in real time for voice agents or call centers, where someone may have to answer a question that comes in with a different language.
Solaria: An enterprise-ready model for global customer experience
Solaria is a speech-to-text (STT) engine built for global scalability. Solaria was designed to meet the demands of today’s contact centers, where both AI automation and human agents need high-accuracy, low-latency, and real-time multilingual support to succeed.
The model achieves industry-leading results in speech recognition, delivering both accuracy and fast processing speed. Recent benchmarks show Solaria has reached an unmatched 94% Word Accuracy Rate (WAR) average in English, Spanish, French and other common languages, while maintaining an ultra-low latency of 270 millisecond, making the conversation feel natural and responsive.
While real-time speech-to-text is often measured by speed alone, accuracy and language coverage are equally crucial for businesses providing seamless services across regions.
Unlike other speech-to-text models that prioritize speed over usability, Solaria balances industry-leading accuracy and speed with unmatched language coverage—100 languages in total, with exclusive support for 42 languages not matched by competitors. For high-population markets and key outsourcing hubs like Bangladesh, India, and The Philippines, native-level accuracy in regional languages is now offered through Solaria.
With native-level transcription, real-time code-switching, and translation across all supported languages, businesses can expand into global markets without constraints.
Designed for enterprise-scale voice automation, Solaria delivers:
Best-in-class accuracy in high-population languages such as Tagalog, Bengali, Punjabi, Tamil, Urdu, Persian, and Marathi.
Ability to adapt the model to industry-specific terminology (like medical or financial jargon) and have it extract critical data, like names, addresses, and numericals.
Adaptive speech processing, ensuring high accuracy in noisy call center environments.
Enterprise-grade data security, in full compliance with GDRP, HIPPA, and SOC 2.
With the addition of Solaria to its product portfolio, Gladia allows businesses to enhance customer service by improving AI-powered voice agents, making IVRs and virtual assistants more reliable across multiple languages, while also optimizing human-assisted workflows with real-time transcriptions and translations to help agents provide more effective assistance.
“Speech is the most natural way to connect with the world—for the first time, automated speech recognition is closing the divide, enabling humans and AI to truly speak the same language,” said Jean-Louis Quéguiner, CEO of Gladia, in a statement. “With Solaria, we have made a breakthrough in AI-powered voice technology that unlocks new opportunities for businesses, driving efficiency and delivering more seamless, impactful customer experiences across diverse languages and markets. Solaria is built for next-generation voice platforms ready to lead this transformation on a global scale.”
Serving more than 700 enterprise customers worldwide, including Attention, Circleback, Method Financial, and VEED.IO, Gladia delivers enterprise-grade service and scalability, backed by dedicated support and infrastructure in the U.S. and Europe, guaranteeing reliable performance for mission-critical applications. Companies looking to scale globally, optimize operational costs, and enhance customer experiences can start building with Gladia’s API today.
As part of the Solaria launch, Gladia has partnered with LiveKit, a leading open-source developer framework for real-time AI voice agents, to power real-time, multilingual translation within AI-driven applications. This gives developers global language capabilities out of the box through seamless integration with Gladia’s API.
Following its $16 million Series A round in 2024 and today’s rollout of Solaria, Gladia has taken another critical step toward establishing itself as a leading end-to-end API audio infrastructure provider—combining speech recognition, generative AI, and voice generation capabilities to help enterprise users and developers tap into the full potential of real-time audio data.
Paris-based Gladia was founded in 2022 by Jean-Louis Queguiner (ex-OVHCloud) and Jonathan Soto (ex-MIT/Sigfox). Gladia’s product has been adopted by over 150,000 users and 700 enterprise clients—including industry leaders like Attention, Circleback, Method Financial, and VEED.IO.
There is a 300 millisecond delay between the moment you start speaking and the moment you receive the first event of voice being activated. It takes 100 milliseconds to do the transcription and so you have near instant results.
To improve the accuracy further, Queguiner said the company needs to train on more data. And it needs to work with the data augmentations to make the data more robust. The company has enterprise pricing in price but has not disclosed it yet. He said it will be among the most affordable solutions in the market.
The company has nearly 40 employees.

How 3D printing could make better cooling systems
A new 3D-printed design could make an integral part of cooling systems like air conditioners or refrigerators smaller and more efficient, according to new research. Heat exchangers are devices that whisk away heat, and they’re everywhere—used in data centers, ships, factories, and buildings. The aim is to pass as much heat as possible from one side of the device to the other. Most use one of a few standard designs that have historically been easiest and cheapest to make. “Heat exchangers are at the center of the industrial economy. They’re an essential part of every machine and every system that moves energy,” says William King, a professor at the University of Illinois Urbana-Champaign and one of the authors of the new study. Existing designs tend to favor straight lines, right angles, and round tubes, he adds. King and his colleagues used 3D printing to design a heat exchanger that includes features to optimize heat movement, like wavy walls and pyramid-shaped bumps, which wouldn’t be possible to make using traditional manufacturing techniques.
The team had set out to design a system based on a common refrigerant called R-134a, which is commonly used in devices like air conditioners and refrigerators. When cold water lowers the temperature of the refrigerant, it changes from a gas to a liquid on its path through the device. That liquid refrigerant can then go on to other parts of the cooling system, where it’s used to lower the temperature of anything from a room to a rack of servers. The best way to cool the refrigerant tends to involve building very thin walls between the two sides of the device and maximizing the amount of contact that the water and the refrigerant make with those walls. (Think about how much colder you’d get wearing a thin T-shirt and pants and lying down on ice than simply touching it with your gloved hands.)
To design the best possible heat exchanger, researchers used simulations and developed machine-learning models to help predict the performance of different designs under different conditions. After 36,000 simulations, the researchers landed on the one they decided to develop. Among the key components: small fins that jut out on the side of the device that touches the water, increasing the surface area to maximize heat transfer. The team also designed wavy passageways for the water to pass through—once again helping to maximize surface area. Simulations helped the researchers figure out exactly how curvy the passages should be and where precisely to place the fins. On the side of the devices where the refrigerant passes through, the design includes small pyramid-shaped bumps along the walls. These not only maximize the area for cooling but also help mix the refrigerant as it passes through and prevent liquid from coating the wall (which would slow down the heat transfer). After settling on a design, the researchers used a 3D-printing technique called direct metal laser sintering, in which lasers melt and fuse together a metal powder (in this case, an aluminum alloy), layer by layer. In testing, the researchers found that the heat exchanger created with this technique was able to cool down the refrigerant more efficiently than other designs. The new device was able to achieve a power density of over six megawatts per meter cubed—outperforming one common traditional design, the shell-tube configuration, by between 30% and 50% with the same pumping power. The device’s power density was similar to that of brazed plate heat exchangers, another common design in industry. Overall, this device doesn’t dramatically outperform the state-of-the-art technology, but the technique of using modeling and 3D printing to produce new heat exchanger designs is promising, says Dennis Nasuta, director of research and development at Optimized Thermal Systems, a consulting firm that works with companies in the HVAC industry on design and research. “It’s worth exploring, and I don’t think that we know yet where we can push it,” Nasuta says. One challenge is that today, additive manufacturing techniques such as laser sintering are slow and expensive compared with traditional manufacturing; they wouldn’t be economical or feasible to rely on for all our consumer cooling devices, he says. For now, this type of approach could be most useful in niche applications like aerospace and high-end automotives, which could more likely bear the cost, he adds. This particular study was funded by the US Office of Naval Research. Next-generation ships have more electronics aboard than ever, and there’s a growing need for compact and efficient systems to deal with all that extra heat, says Nenad Miljkovic, one of the authors of the study.
Energy demand for cooling buildings alone is set to double between now and 2050, and new designs could help efficiently meet the massive demand forecast for the coming decades. But challenges including manufacturing costs would need to be overcome to help innovations like the one designed by King and his team make a dent in real devices. Another barrier to adopting these new techniques, Nasuta says, is that current standards don’t demand more efficiency. Other technologies already exist that could help make our devices more efficient, but they’re not used for the same reason. It will take time for new manufacturing techniques, including 3D printing, to trickle into our devices, Natsua adds: “This isn’t going to be in your AC next year.”

I asked an AI swarm to fill out a March Madness bracket — here’s what happened
Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Imagine if a large team of 200 people could hold a thoughtful real-time conversation in which they efficiently brainstorm ideas, share knowledge, debate alternatives and quickly converge on AI-optimized solutions. Is this possible — and if so, would it amplify their collective intelligence? There is a new generative AI technology, conversational swarm intelligence (or simply hyperchat), that enables teams of potentially any size to engage in real-time conversations and quickly converge on AI-optimized solutions. To put this to the test, I asked the research team at Unanimous AI to bring together 50 random sports fans and task that large group with quickly creating a March Madness bracket through real-time conversational deliberation. Before I tell you how the experiment is going, I need to explain why we can’t just bring 50 people into a Zoom meeting and have them quickly create a bracket together. Research shows that the ideal size for a productive real-time conversation is only 4 to 7 people. In small groups, each individual gets a good amount of airtime to express their views and has low wait time to respond to others. But as group size grows, airtime drops, wait-time rises — and by a dozen people it devolves into a series of monologues. Above 20 people, it’s chaos. So how can 50 people hold a conversation, or 250, or even 2,500? Hyperchat works by breaking any large group into a set of parallel subgroups. It then adds an AI agent into each subgroup called a “conversational surrogate” tasked with distilling the human insights within its local group and quickly sharing those insights as natural dialog with other groups. These surrogate agents enable all the subgroups to overlap, weaving

Emergence AI’s new system automatically creates AI agents rapidly in realtime based on the work at hand
Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Another day, another announcement about AI agents. Hailed by various market research reports as the big tech trend in 2025 — especially in the enterprise — it seems we can’t go more than 12 hours or so without the debut of another way to make, orchestrate (link together), or otherwise optimize purpose-built AI tools and workflows designed to handle routine white collar work. Yet Emergence AI, a startup founded by former IBM Research veterans and which late last year debuted its own, cross-platform AI agent orchestration framework, is out with something novel from all the rest: an AI agent creation platform that lets the human user specify what work they are trying to accomplish via text prompts, and then turns it over to AI models to create the agents they believe are necessary to accomplish said work. This new system is literally a no code, natural language, AI-powered multi-agent builder, and it works in real time. Emergence AI describes it as a milestone in recursive intelligence, aims to simplify and accelerate complex data workflows for enterprise users. “Recursive intelligence paves the path for agents to create agents,” said Satya Nitta, co-founder and CEO of Emergence AI. “Our systems allow creativity and intelligence to scale fluidly, without human bottlenecks, but always within human-defined boundaries.” Image of Dr. Satya Nitta, Co-founder and CEO of Emergence AI, during his keynote at the AI Engineer World’s Fair 2024, where he unveiled Emergence’s Orchestrator meta-agent and introduced the open-source web agent, Agent-E. (photo courtesy AI Engineer World’s Fair) The platform is designed to evaluate incoming tasks, check its existing agent registry, and, if necessary, autonomously generate new agents tailored to fulfill specific enterprise needs. It can

Oil Slumps, Gold Rallies as Traders Review Trump Tariff Hit
The long-awaited unveiling by President Donald Trump of sweeping reciprocal import tariffs triggered a slump in oil prices on Thursday, while gold rose to a fresh record. There was also an important carve-out for commodities from Canada and Mexico, as well as for energy and energy products. Here’s a round-up of the initial impact of Wednesday’s big announcement. Metals According to a White House fact sheet, steel, aluminum, gold and copper imports won’t be subject to reciprocal tariffs, providing at least some relief to domestic buyers who are already bearing the cost of Section 232 tariffs of 25% on all imports of some key metals. Gold, however, jumped as much as 1.1% to a record as investors sought safety following the tariff headlines. Bullion has climbed more than 20% this year after a ferocious run in 2024. Copper futures declined on concerns over the global economy. Oil and Gasoline Crude immediately dropped as trading started in the Asian morning. Futures fell more than 2%, dipping below $70 a barrel, amid concerns about declining demand and the potential for a trade war. However, energy and energy products are exempt from the new levies, meaning oil and natural gas markets won’t be directly impacted. Canada and Mexico — the two biggest foreign suppliers of oil to the US — were also left out of Wednesday’s cascade. Exports from the countries to the US that aren’t compliant with the North American trade agreement known as the USMCA will remain subject to an earlier levy of 25% generally (and 10% on Canadian energy), imposed by Trump earlier to counter illegal immigration and fentanyl smuggling. If that 25% tariff is later dropped for either country, the newly ordered reciprocal rate would apply, a senior administration official told reporters Wednesday. Agriculture US farmers also benefit from the reprieve on USMCA goods.

Russia Watchdog Halts Oil Loadings at One Berth in Novorossiysk
Russia’s transportation watchdog has ordered a 90-day halt to oil-loading operations at berth 8 of the Black Sea port of Novorossiysk, according to state infrastructure operator Transneft PJSC. The order came as security checks at the port identified some violations, Transneft, which controls the loading facilities, said in a statement on Wednesday. Tanker tracking by Bloomberg suggests that there will be no impact on crude oil flows and minimal impact on fuel flows from the step. The oil terminal has until June 30 to rectify the violations. The Novorossiysk port is a key export route for Russian crude oil and petroleum products and any significant disruptions to loadings may affect the nation’s production flows. However, last month, 23 crude tankers loaded there to carry Russian barrels abroad. All of them loaded at berths 1, 1a or 2, according to vessel tracking data compiled by Bloomberg and shipping industry data. The other oil berths in Novorossiysk are used for loading petroleum products, the data show. Since late February, no product tankers moored at berth 8 either, which suggests the facility isn’t used often. The suspension order comes just days after the transportation watchdog halted loadings at two moorings of the Caspian Pipeline Consortium located nearby. The authority identified security breaches there and ordered an indefinite halt until the violations are rectified. The order has left the CPC infrastructure with just one operational mooring. As the CPC link is the single-largest export route for Kazakh crude, initially expected to load about 1.5 million barrels a day in April, the halt has more of an impact for Kazakhstan. With no options for rerouting all the barrels, the nation may need to cut oil production just as the Organization of Petroleum Exporting Countries nudges it to meet the production quota. Apart from the Novorossiysk

Largest US gas-fired power plant planned for data centers in Pennsylvania
Homer City Redevelopment, or HCR, and Kiewit Power Constructors intend to build up to 4.5 GW of gas-fired generation at a retired power plant in Pennsylvania to serve a planned data center campus, the companies said Wednesday. The $10 billion generating project is slated to be built at the site of the 1,884-MW coal-fired Homer City power plant, which was shuttered in mid-2023. The 3,200-acre site, about 50 miles east of Pittsburgh, includes interconnections to the PJM Interconnection and New York Independent System Operator grids. The site interconnects with FirstEnergy Pennsylvania Electric’s system in PJM. GE Vernova will supply the Homer City Energy Campus project with seven hydrogen-enabled, gas-fired turbines, with the first deliveries expected to begin in 2026, HCR and Kiewit said. The generating project is expected to start producing power by 2027, they said. The power plant would be the largest gas-fired power plant in the United States, according to Kiewit. Greenhouse gas emissions from the power plant would be about 60% less per MWh than from the previous coal-fired power plant, according to HCR and Kiewit. The planned power plant will be supplied with fuel from the Texas Eastern gas pipeline system. HCR received a $5 million state grant to support construction of an interconnection between the generating station and the pipeline, which is about five miles away. The planned power plant will also provide electricity to “thousands of homes on the local grid,” HCR and Kiewit said. The project is backed by Knighthead Capital Management, a New York City-based private equity firm that as of mid-September owned about 75% of Homer City Holdings, the owner of the Homer City power plant, according to a filing at the Federal Energy Regulatory Commission. GoldenTree Asset Management owns about 12% of the company. HCR didn’t respond to questions about the

Russia Official Dmitriev to Meet Envoy Witkoff in Washington
US special envoy Steve Witkoff is expected to meet in Washington with senior Russian negotiator Kirill Dmitriev, according to a person familiar with the plans, an effort to smooth over tensions after President Donald Trump vented frustration with counterpart Vladimir Putin. Dmitriev on Thursday confirmed he was in Washington for meetings with representatives of the US administration. The meetings started on Wednesday and would continue Thursday, he said in a post on his Telegram channel that didn’t identify anyone with whom he’d meet. “Restoring dialogue is a difficult and gradual process,” he said. “A real understanding of the Russian position opens up new opportunities for constructive interaction, including in the investment and economic sphere.” Trump told NBC News over the weekend that he was “pissed off” with the Russian president and threatened secondary tariffs on buyers of Russian oil if Putin refused a ceasefire with Ukraine, rare public criticism of Moscow by the US president. Dmitriev, 49, runs Russia’s sovereign wealth fund and has played an important role in talks between the US and Russia. His presence in the US capital highlights the prospects of greater business cooperation between the two countries on potential projects, including in the Arctic and on liquefied natural gas. He’s a former Goldman Sachs Group Inc. investment banker who was educated at Stanford and Harvard Universities and has ties to Putin’s family. The White House National Security Council declined to comment. CNN reported earlier on the plans for Witkoff and Dmitriev to meet. US officials have become increasingly frustrated by Moscow’s slow-walking of negotiations. What appeared to be a breakthrough last week over a partial truce in the Black Sea quickly fell apart after Russian officials said it was contingent on sanctions relief. That assertion contradicted a US statement outlining the parameters of the agreement. Russia and

Phillips 66 Seals Acquisition of EPIC Midstream Assets
Phillips 66 has completed the acquisition of EPIC Y-Grade GP LLC and EPIC Y-Grade LP for about $2.2 billion, boosting its midstream footprint in the Permian Basin. The units, bought from EPIC Midstream Holdings LP, own natural gas liquids (NGL) pipelines, fractionation facilities and distribution systems. “This transaction strengthens our position as a leading integrated downstream energy provider”, Don Baldridge, Phillips 66 executive vice president for midstream and chemicals, said in a company statement. “We are evolving our portfolio and enhancing our ability to provide seamless and efficient delivery of energy products. “Phillips 66 will offer producers unparalleled flow assurance, while advancing a strategy that is expected to deliver attractive returns and create long-term value for our shareholders”. The acquired operations comprise two fractionators with a capacity of170,000 barrels per day (bpd) near Corpus Christi, Texas; purity distribution pipelines stretching about 350 miles; and an NGL pipeline around 885 miles long and with a capacity of 175,000 bpd. The NGL pipeline links the Delaware, Midland and Eagle Ford basins to the fractionation complexes and Phillips 66’s Sweeny Hub, which has facilities for crude distilling, naphtha reforming, fluid catalytic cracking, alkylation and hydrodesulfurization, as well as aromatics units, a vacuum distillation unit and a delayed coking unit. The pipeline capacity is being raised to 225,000 bpd, in a project expected to be completed in the second quarter. A further expansion has also been sanctioned to grow the capacity to 350,000 bpd; completion is expected 2026. EPIC has also put in place plans to raise the fractionation capacity to 280,000 bpd. “The acquired assets connect Permian production to Gulf Coast refiners, petrochemical companies and export markets, and are highly integrated with the Phillips 66 asset base”, Phillips 66 said. Announcing the agreement January 6, the company said, “Phillips 66 does not expect

Octopus Energy takes 10% East Anglia One stake
Octopus Energy has taken a 10% stake in the 714MW East Anglia One offshore wind farm, based off the coast of Suffolk. Octopus acquired the stake from Macquarie Asset Management for an undisclosed sum on behalf of Vector, Octopus’ offshore wind fund aimed at investing in fixed and floating offshore wind projects. The deal marks Macquarie’s third sale of its stake in the project, having started holding 40% of the £2.5 billion project, with ScottishPower Renewables holding the rest. It sold 20% of the project to the Renewables Infrastructure Group (TRIG) in 2020 when the wind farm went into operations, followed by another 10% in 2024 to NTR on behalf of L&G NTR Clean Power and the Development Bank of Japan. The deal is also Octopus Energy’s fourth investment in a UK offshore wind farm and its seventh in Europe. In addition to East Anglia One, Octopus has stakes in the UK’s Hornsea One, Lincs and Walney Extension, along with Butendiek in Germany, and Borssele V and Borssele III & IV in the Netherlands. The East Anglia deal builds upon the company’s $2bn of total offshore wind investments made last year. The company has previously said it aims to invest £2bn in UK clean energy projects by 2030, with the East Anglia One deal contributing to this goal. Octopus added that it is looking at the French market as it plans to enter the country’s offshore wind tender and develop a brand-new offshore wind farm in partnership with Skyborn Renewables. Octopus Energy Generation CEO Zoisa North-Bond said: “Britain is blessed with strong winds and long coastlines – perfect conditions for offshore wind. “The sector has become a vital pillar of our energy system over the past years, and this investment will help to turbocharge this clean technology further, bringing cheaper,
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