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Norwegian Ministry of Energy sets Sept. 1 applications deadline for blocks in APA 2026

The Norwegian Ministry of Energy set a Sept. 1 applications deadline for its 2026 Awards in Predefined Areas (APA), the annual licensing round covering the most mature petroleum exploration areas on the Norwegian continental shelf. Awards will be announced during first-quarter 2027. In a release May 5, the Ministry said the APA area is being enlarged by a total of 70 new blocks. Since APA 2025, the predefined areas have been expanded by 22 blocks and parts of blocks in the North Sea, 10 blocks in the Norwegian Sea, and 38 in the Barents Sea, the Norwegian Offshore Directorate said in a separate release. Applications can be submitted for all available blocks or parts of blocks within the predefined areas. “Norway’s oil and gas industry is vital to Norway and to Europe. Today, the Government is announcing new exploration acreage in APA in order to further develop the petroleum sector, so that it can continue to create substantial value for society, provide the basis for good jobs throughout the country, safeguard our common welfare, and contribute to Europe’s energy security and safety,” said Prime Minister Jonas Gahr Støre. The announcement includes acreage that companies nominated for the 26th licensing round in autumn 2025. A 26th licensing round will therefore not be held in 2026. The Ministry will continue its work on the 26th licensing round. Earlier this year, 19 oil and gas companies were awarded production licenses on the Norwegian Continental Shelf as part of Norway’s APA 2025 licensing round.

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Equinor signs FEED agreement for Bay du Nord FPSO

@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 has signed a front-end engineering and design (FEED) agreement with BW Offshore for the Bay du Nord development offshore Newfoundland and Labrador, Canada. The agreement formalizes the next phase of the project following BW Offshore’s selection as preferred FPSO bidder, BW Offshore said in a release Apr. 29. A final investment decision on the project is expected in 2027. The FEED phase is expected to run through end-2026 and will be used to mature the FPSO design, finalizing the project execution plan and delivery schedule, progressing commercial and contractual alignment, including selection of major subcontractors and vendors towards a firm offer to Equinor.  BW Offshore has established a local office in St. John’s, Newfoundland and Labrador that is expected to officially open in early June. ]–> Illustration from Equinor. <!–> ]–> <!–> April 7, 2022 ]–> Bay du Nord oil project The Bay du Nord project is a series of oil discoveries in the Flemish Pass Basin, about 500 km northeast of St. John’s. Through an estimated investment of about $14 billion (Can.), the project could open a new deepwater basin offshore Canada and create the foundation for future subsea tie-backs, extending activity in

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ExxonMobil posts $4.2-billion first-quarter earnings amid Middle East disruptions

Exxon Mobil Corp. reported first-quarter 2026 earnings of $4.2 billion, according to results released May 1. Earnings totaled $4.9 billion excluding identified items, and $8.8 billion when also excluding unfavorable estimated timing effects. First-quarter earnings declined from $7.7 billion in the same period of 2025. However, earnings excluding identified items and timing effects were up from $7.6 billion a year earlier. Unfavorable estimated timing effects totaled $3.9 billion, reflecting the mismatch between the valuation of financial derivatives and the associated physical transactions, resulting in a timing difference in earnings that unwinds in subsequent periods. Identified items of $0.7 billion were attributed to losses on settled financial hedges that were not offset by the associated physical shipments due to Middle East supply disruptions. Cash flow from operations was $8.7 billion, or $13.8 billion excluding margin postings, which primarily fluctuate with the fair value of underlying derivatives. Free cash flow totaled $2.7 billion. Shareholder distributions reached $9.2 billion, including $4.3 billion in dividends and $4.9 billion in share repurchases, in line with plans to repurchase $20 billion of shares in 2026, assuming reasonable market conditions. Exxon’s cash capital expenditures totaled $6.2 billion for the quarter, consistent with the company’s full-year guidance of $27-29 billion. Iran war disruptions Chairman and chief executive officer Darren Woods emphasized the company’s underlying performance, stating that results excluding timing effects reflect the strength of the company’s advantaged portfolio. Stay updated on oil price volatility, shipping disruptions, LNG market analysis, and production output at OGJ’s Iran war content hub. During the earnings call, Woods said markets have not yet fully reflected the impact of Middle East supply disruptions, as inventories and strategic reserves have temporarily offset losses. He said even if the Strait reopens, it could take 1-2 months for flows to normalize, with additional demand from inventory

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EIA: US crude inventories down 6.2 million bbl

US crude oil inventories for the week ended Apr. 24, excluding the Strategic Petroleum Reserve, decreased by 6.2 million bbl from the previous week, according to data from the US Energy Information Administration (EIA). At 459.5 million bbl, US crude oil inventories are about 1% above the 5-year average for this time of year, the EIA report indicated. EIA said total motor gasoline inventories decreased by 6.1 million bbl from last week and are 2% below the 5-year average for this time of year. Finished gasoline inventories and blending components inventories both decreased last week. Distillate fuel inventories decreased by 4.5 million bbl last week and are about 11% below the 5-year average for this time of year. Propane-propylene inventories decreased by 1.1 million bbl from last week and are 62% above the 5-year average for this time of year, EIA said. US crude oil refinery inputs averaged 16.1 million b/d for the week ended Apr. 24, 85,000 b/d more than the previous week’s average. Refineries operated at 89.6% of capacity. Gasoline production decreased, averaging 9.8 million b/d. Distillate fuel production decreased, averaging 4.9 million b/d. US crude oil imports averaged 5.8 million b/d, down 329,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 5.9 million b/d, 0.7% more than the same 4-week period last year. Total motor gasoline imports averaged 344,000 b/d. Distillate fuel imports averaged 126,000 b/d.

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‘If this isn’t the time to grow:’ Diamondback lifts 2026 production, capex targets

To fund the additional activity, executives recalibrated the 2026 capex budget to about $3.9 billion, up from $3.6-3.9 billion. The plan, they told analysts, is to bring online some of the company’s inventory of drilled-but-uncompleted (DUC) wells this quarter before rebuilding the DUC count to about 200 by yearend.  Maintaining oil production at 521,000 b/d for the year would grow Diamondback’s output nearly 5% higher than 2025. It also would produce a windfall for the company’s coffers: Van’t Hof and his team now are forecasting Diamondback’s 2026 adjusted free cash flow will top $8.3 billion compared with the February estimate of $4.7 billion. Van’t Hof’s commentary and Diamondback’s plans are the most aggressive so far from leaders of publicly traded exploration and production companies during the first-quarter earnings season. Executives at Chevron Corp., ConocoPhillips and ExxonMobil Corp. were more cautious after their reports last week, saying they’re not willing—or at least not yet—to significantly ramp production because of the uncertainty around the situation in the Middle East and the possible resumption of supply from Gulf nations. Diamondback’s plans now call for the addition of 2-3 rigs that will allow the operator to ramp up Midland basin Barnett assets as well as a fifth completion crew. But Van’t Hof also told analysts his team isn’t ready to adjust its mid-cycle pricing assumptions because of the Iran war. Instead, he said, he’s more focused on positioning Diamondback as a low-cost producer with plenty of inventory because “there’s certainly a case to be made for energy security becoming a much more important thing.” “Wearing my oil hat, that probably means more storage, more landed storage versus storage that you can buy […] somewhere that’s in a riskier geopolitical area,” he added. “I think that means the US barrel is more important than it’s

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Equinor brings Eirin field online, exporting gas to Europe

@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 ASA has brought Eirin field online and is now exporting gas to Europe via the Gina Krog and Sleipner A platforms in the North Sea. Previously deemed uncommercial, Eirin field was reassessed in 2023 following Russia’s invasion of Ukraine and the need for more diverse energy sources, Equinor said in a release May 5. The operator submitted a plan for development and operation of the Norwegian North Sea gas field to the Ministry of Petroleum and Energy in 2023. The plan was approved in January 2024. Recoverable reserves in the field, which lies 250 km west of Stavanger in water depth of 120 m, are estimated at 27.6 MMboe, including 3 billion standard cu m of natural gas. The field was developed as a subsea tieback and is expected to extend production from the Gina Krog platform by 7 years to 2036. The gas is exported via Sleipner A, a key hub for Norwegian gas exports to Europe.  Gina Krog was electrified in 2023, bringing CO2 emissions for the field to about 3 kg CO2 per bbl produced (oil equivalents). Equinor is operator of the licence with 58.7% interest. ORLEN Upstream Norway AS holds the

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Norwegian Ministry of Energy sets Sept. 1 applications deadline for blocks in APA 2026

The Norwegian Ministry of Energy set a Sept. 1 applications deadline for its 2026 Awards in Predefined Areas (APA), the annual licensing round covering the most mature petroleum exploration areas on the Norwegian continental shelf. Awards will be announced during first-quarter 2027. In a release May 5, the Ministry said the APA area is being enlarged by a total of 70 new blocks. Since APA 2025, the predefined areas have been expanded by 22 blocks and parts of blocks in the North Sea, 10 blocks in the Norwegian Sea, and 38 in the Barents Sea, the Norwegian Offshore Directorate said in a separate release. Applications can be submitted for all available blocks or parts of blocks within the predefined areas. “Norway’s oil and gas industry is vital to Norway and to Europe. Today, the Government is announcing new exploration acreage in APA in order to further develop the petroleum sector, so that it can continue to create substantial value for society, provide the basis for good jobs throughout the country, safeguard our common welfare, and contribute to Europe’s energy security and safety,” said Prime Minister Jonas Gahr Støre. The announcement includes acreage that companies nominated for the 26th licensing round in autumn 2025. A 26th licensing round will therefore not be held in 2026. The Ministry will continue its work on the 26th licensing round. Earlier this year, 19 oil and gas companies were awarded production licenses on the Norwegian Continental Shelf as part of Norway’s APA 2025 licensing round.

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Equinor signs FEED agreement for Bay du Nord FPSO

@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 has signed a front-end engineering and design (FEED) agreement with BW Offshore for the Bay du Nord development offshore Newfoundland and Labrador, Canada. The agreement formalizes the next phase of the project following BW Offshore’s selection as preferred FPSO bidder, BW Offshore said in a release Apr. 29. A final investment decision on the project is expected in 2027. The FEED phase is expected to run through end-2026 and will be used to mature the FPSO design, finalizing the project execution plan and delivery schedule, progressing commercial and contractual alignment, including selection of major subcontractors and vendors towards a firm offer to Equinor.  BW Offshore has established a local office in St. John’s, Newfoundland and Labrador that is expected to officially open in early June. ]–> Illustration from Equinor. <!–> ]–> <!–> April 7, 2022 ]–> Bay du Nord oil project The Bay du Nord project is a series of oil discoveries in the Flemish Pass Basin, about 500 km northeast of St. John’s. Through an estimated investment of about $14 billion (Can.), the project could open a new deepwater basin offshore Canada and create the foundation for future subsea tie-backs, extending activity in

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ExxonMobil posts $4.2-billion first-quarter earnings amid Middle East disruptions

Exxon Mobil Corp. reported first-quarter 2026 earnings of $4.2 billion, according to results released May 1. Earnings totaled $4.9 billion excluding identified items, and $8.8 billion when also excluding unfavorable estimated timing effects. First-quarter earnings declined from $7.7 billion in the same period of 2025. However, earnings excluding identified items and timing effects were up from $7.6 billion a year earlier. Unfavorable estimated timing effects totaled $3.9 billion, reflecting the mismatch between the valuation of financial derivatives and the associated physical transactions, resulting in a timing difference in earnings that unwinds in subsequent periods. Identified items of $0.7 billion were attributed to losses on settled financial hedges that were not offset by the associated physical shipments due to Middle East supply disruptions. Cash flow from operations was $8.7 billion, or $13.8 billion excluding margin postings, which primarily fluctuate with the fair value of underlying derivatives. Free cash flow totaled $2.7 billion. Shareholder distributions reached $9.2 billion, including $4.3 billion in dividends and $4.9 billion in share repurchases, in line with plans to repurchase $20 billion of shares in 2026, assuming reasonable market conditions. Exxon’s cash capital expenditures totaled $6.2 billion for the quarter, consistent with the company’s full-year guidance of $27-29 billion. Iran war disruptions Chairman and chief executive officer Darren Woods emphasized the company’s underlying performance, stating that results excluding timing effects reflect the strength of the company’s advantaged portfolio. Stay updated on oil price volatility, shipping disruptions, LNG market analysis, and production output at OGJ’s Iran war content hub. During the earnings call, Woods said markets have not yet fully reflected the impact of Middle East supply disruptions, as inventories and strategic reserves have temporarily offset losses. He said even if the Strait reopens, it could take 1-2 months for flows to normalize, with additional demand from inventory

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EIA: US crude inventories down 6.2 million bbl

US crude oil inventories for the week ended Apr. 24, excluding the Strategic Petroleum Reserve, decreased by 6.2 million bbl from the previous week, according to data from the US Energy Information Administration (EIA). At 459.5 million bbl, US crude oil inventories are about 1% above the 5-year average for this time of year, the EIA report indicated. EIA said total motor gasoline inventories decreased by 6.1 million bbl from last week and are 2% below the 5-year average for this time of year. Finished gasoline inventories and blending components inventories both decreased last week. Distillate fuel inventories decreased by 4.5 million bbl last week and are about 11% below the 5-year average for this time of year. Propane-propylene inventories decreased by 1.1 million bbl from last week and are 62% above the 5-year average for this time of year, EIA said. US crude oil refinery inputs averaged 16.1 million b/d for the week ended Apr. 24, 85,000 b/d more than the previous week’s average. Refineries operated at 89.6% of capacity. Gasoline production decreased, averaging 9.8 million b/d. Distillate fuel production decreased, averaging 4.9 million b/d. US crude oil imports averaged 5.8 million b/d, down 329,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 5.9 million b/d, 0.7% more than the same 4-week period last year. Total motor gasoline imports averaged 344,000 b/d. Distillate fuel imports averaged 126,000 b/d.

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‘If this isn’t the time to grow:’ Diamondback lifts 2026 production, capex targets

To fund the additional activity, executives recalibrated the 2026 capex budget to about $3.9 billion, up from $3.6-3.9 billion. The plan, they told analysts, is to bring online some of the company’s inventory of drilled-but-uncompleted (DUC) wells this quarter before rebuilding the DUC count to about 200 by yearend.  Maintaining oil production at 521,000 b/d for the year would grow Diamondback’s output nearly 5% higher than 2025. It also would produce a windfall for the company’s coffers: Van’t Hof and his team now are forecasting Diamondback’s 2026 adjusted free cash flow will top $8.3 billion compared with the February estimate of $4.7 billion. Van’t Hof’s commentary and Diamondback’s plans are the most aggressive so far from leaders of publicly traded exploration and production companies during the first-quarter earnings season. Executives at Chevron Corp., ConocoPhillips and ExxonMobil Corp. were more cautious after their reports last week, saying they’re not willing—or at least not yet—to significantly ramp production because of the uncertainty around the situation in the Middle East and the possible resumption of supply from Gulf nations. Diamondback’s plans now call for the addition of 2-3 rigs that will allow the operator to ramp up Midland basin Barnett assets as well as a fifth completion crew. But Van’t Hof also told analysts his team isn’t ready to adjust its mid-cycle pricing assumptions because of the Iran war. Instead, he said, he’s more focused on positioning Diamondback as a low-cost producer with plenty of inventory because “there’s certainly a case to be made for energy security becoming a much more important thing.” “Wearing my oil hat, that probably means more storage, more landed storage versus storage that you can buy […] somewhere that’s in a riskier geopolitical area,” he added. “I think that means the US barrel is more important than it’s

Read More »

Equinor brings Eirin field online, exporting gas to Europe

@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 ASA has brought Eirin field online and is now exporting gas to Europe via the Gina Krog and Sleipner A platforms in the North Sea. Previously deemed uncommercial, Eirin field was reassessed in 2023 following Russia’s invasion of Ukraine and the need for more diverse energy sources, Equinor said in a release May 5. The operator submitted a plan for development and operation of the Norwegian North Sea gas field to the Ministry of Petroleum and Energy in 2023. The plan was approved in January 2024. Recoverable reserves in the field, which lies 250 km west of Stavanger in water depth of 120 m, are estimated at 27.6 MMboe, including 3 billion standard cu m of natural gas. The field was developed as a subsea tieback and is expected to extend production from the Gina Krog platform by 7 years to 2036. The gas is exported via Sleipner A, a key hub for Norwegian gas exports to Europe.  Gina Krog was electrified in 2023, bringing CO2 emissions for the field to about 3 kg CO2 per bbl produced (oil equivalents). Equinor is operator of the licence with 58.7% interest. ORLEN Upstream Norway AS holds the

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Maurel & Prom discovers gas at Hechicero 1X on Sinú 9 block, Colombia

Maurel & Prom SA has made a gas discovery on Sinú‑9 block in Colombia, confirming gas across multiple intervals. The operator expects to bring the well into production in the coming days. The Hechicero‑1X well was spudded Feb. 24 and drilled to a total depth of 8,500 ft MD on Mar. 28. Electric logs confirmed gas across several intervals within the Ciénaga de Oro (CDO) formation, the primary target, with 288 ft of net pay, the operator said in a release Apr. 28. Additional gas‑bearing reservoirs were identified in the shallower Porquero formation and the deeper Pre‑CDO–San Cayetano interval, with net pay of 149 ft and 103 ft, respectively. Partner NG Energy International Corp., in a separate release Apr. 28, said results are consistent with the Magico‑1X and Brujo‑1X wells.  Hechicero‑1X was completed to allow selective production from five CDO intervals and the Pre‑CDO–San Cayetano interval. Initial tests conducted Apr. 24 on the Pre‑CDO–San Cayetano interval delivered an instantaneous rate of 26.4 MMcfd at 1,800 psi wellhead pressure through a restricted 43/128‑in. choke. Maurel & Prom plans to bring the well on stream from the Pre‑CDO–San Cayetano interval using existing infrastructure tied into Colombia’s national transportation system. The rig will next move to Magico‑2X, the second well in the six‑well exploration campaign.

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Golden Pass LNG ships first export cargo

Editor’s Note: Updated Apr. 23 to include information provided by the US Energy Information Administration.  Golden Pass LNG, a joint venture between QatarEnergy and ExxonMobil Corp., has loaded and shipped its first LNG export cargo from the plant in Sabine Pass, Tex. The departure comes following first LNG production from Train 1 late last month. Once fully operational, Golden Pass LNG expects to export about 18 million tons/year (tpy) of LNG. Golden Pass LNG is the 10th LNG plant in the US, the US Energy Information Administration (EIA) noted in a separate release Apr. 23. It is the only new US LNG export plant currently expected to begin LNG shipments this year, EIA said. Construction and commissioning continue on Trains 2 and 3, which are expected to come online in turn, following stable operation of Train 1. EIA noted Golden Pass aims to start up Train 2 in second-half 2026 and Train 3 in first-half 2027. QatarEnergy holds 70% interest in Golden Pass LNG, while ExxonMobil holds the remaining 30%. LNG demand  ExxonMobil forecasts natural gas demand to rise 20% by 2050 and LNG demand to rise by 3% per year through 2050. The operator is developing four LNG projects and, by 2030, expects to double its supply compared to 2020 to more than 40 million tpy.

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Ecopetrol agrees to acquire equity stake in Brava Energia with plans for increased ownership

State-owned Ecopetrol SA, Bogotá, Colombia, has agreed to acquire a 26% equity stake in Brava Energia SA from a group of shareholders and plans to launch a tender offer to increase its ownership to 51%, which would give it control of the Brazilian oil and gas independent. The move would add exposure to roughly 81,000 boe/d of production and 459 MMboe of reserves, expanding Ecopetrol’s footprint in Brazil. Ecopetrol entered into share purchase agreement with Jive, Yellowstone, and Bloco Somah Printemps Quantum, which together constitute a group holding about 26% of the outstanding common shares of Brava Energia. Brava Energia, the second-largest independent company listed in the Brazilian market in terms of reserves and production, was incorporated in 2024 from the merger between 3R Petroleum Óleo e Gás SA and Enauta Participações SA. Completion of the deal is subject to certain conditions, including, among others, approval by Brazil’s Administrative Council for Economic Defense (CADE), the grant of certain waivers and consents considering Brava’s financing instruments and relevant commercial agreements, as well as the purchase by Ecopetrol SA, or one of its affiliates or subsidiaries within the Ecopetrol Group, of the number of shares required to achieve a 51% controlling stake of Brava’s voting share capital. Ecopetrol plans to launch a voluntary tender offer on the B3 stock exchange in Brazil to buy additional shares to reach 51% controlling stake at R$23.00 per share, subject to regulatory requirements and certain conditions. Ecopetrol in Brazil In Brazil, Ecopetrol, through subsidiary Ecopetrol Óleo e Gás do Brasil Ltda., holds 30% interest in 11 blocks in the southern area of Santos basin in consortium with Shell Brasil Petróleo Ltda. (operator, 70%).  The company also holds a 30% non-operated interest in Gato do Mato (BM-S-54) and Sul de Gato do Mato (production sharing agreement), which

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China leads global oil stockpiles in 2025

China, the United States, and Japan held the world’s largest strategic oil inventories as of December 2025, the US Energy Information Administration (EIA) said in a recent note.  The EIA examined significant global buildup in strategic oil inventories as of December 2025, prior to the International Energy Agency (IEA)-coordinated emergency release in March 2026 triggered by the Strait of Hormuz disruption. These reserves—first established by OECD countries in the 1970s—continue to serve as a critical buffer against supply shocks. China holds the largest volume of oil inventories globally. EIA estimates about 360 million bbl in government-held stocks and roughly 1 billion bbl in commercial inventories, bringing its total to nearly 1.4 billion bbl. The agency said China added about 1.1 million b/d to inventories in 2025, reflecting an aggressive stockpiling strategy. The US follows, with about 413 million bbl in its Strategic Petroleum Reserve (SPR) as of December 2025, alongside more than 400 million bbl in commercial crude stocks, EIA said. Japan ranks third, holding 263 million bbl in government reserves, with an additional 220 million bbl required under Japan’s Oil Stockpiling Act. OECD Europe held about 179 million bbl, and South Korea maintained roughly 79 million bbl.  Among non-OECD countries, estimates are less transparent, EIA noted. Saudi Arabia held about 82 million bbl, Iran 71 million bbl, and the UAE 34 million bbl in on-land inventories, while India’s SPR totaled 21.4 million bbl, with plans to expand storage capacity domestically and abroad. Global estimates remain conservative due to limited transparency and varying definitions of “strategic” inventories, EIA said. In most countries, only government or national oil company holdings are counted, though China is a key exception where commercial inventories are included due to state-directed stockpiling. EIA plans to update its assessment periodically in its Short-Term Energy Outlook beginning this May.

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Peace signals temper crude rally, Europe jet fuel tightness intensifies

Tentative diplomatic signals offer limited relief to markets still dominated by supply disruption concerns surrounding the Iran war. At the time of writing, Brent crude futures hovered around $105–106/bbl after earlier trading above $107/bbl, while West Texas Intermediate (WTI) held near $95–97/bbl. Prices softened modestly following reports of renewed diplomatic engagement. Iranian Foreign Minister Seyed Abbas Araghchi is expected to visit Pakistan for talks. Separately, Israel and Lebanon agreed to extend their ceasefire by 3 weeks after meetings with US officials in Washington. Stay updated on oil price volatility, shipping disruptions, LNG market analysis, and production output at OGJ’s Iran war content hub. Despite these developments, market participants remain cautious, with analysts warning that any easing in risk premiums may prove temporary. Ongoing tensions linked to the US-Iran conflict continue to disrupt flows through the Strait of Hormuz, a critical artery for global oil trade. In remarks at CNBC’s Converge Live conference, Fatih Birol, executive director of the International Energy Agency (IEA), described the situation as an unprecedented energy security challenge, noting that the strait is operating under what he termed a “double blockade,” severely constraining tanker movements. The impact is being felt acutely in refined product markets, particularly in Europe’s aviation sector. With Middle Eastern exports curtailed, European refiners have shifted output toward jet fuel production, though with limited flexibility. According to Frans Everts of Shell plc, refineries across the region are operating in “max jet mode,” with only marginal capacity to increase yields further. Inventory data underscore the tightening balance. Jet fuel and kerosene stocks in the Amsterdam-Rotterdam-Antwerp hub fell to 597,000 metric tons, the lowest level since April 2020, declining 10% year-on-year. In response, Europe has increasingly relied on imports from the US Gulf Coast to offset lost Middle Eastern supply. According to IEA, global oil supply

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Shell to expand Canadian operations with $16.4-billion acquisition of ARC Resources

Shell plc has agreed to acquire ARC Resources Ltd. in a transaction valued at about $16.4 billion, including $13.6 billion in equity and roughly $2.8 billion in assumed net debt and leases. The acquisition is expected to strengthen Shell’s integrated gas portfolio and expand its position in Canada through the addition of long-life Montney resources in British Columbia and Alberta, the companies said Apr. 27. “ARC is a high-quality, low-cost, and top-quartile low carbon intensity producer in the Montney that complements our existing footprint in Canada and strengthens our resource base for decades,” said Wael Sawan, Shell chief executive officer. “This establishes Canada as a heartland for Shell while furthering our strategy to deliver more value with less emissions.” ARC produced 374,000 boe/d in 2025 (before royalties). Its assets overlap with Shell’s existing Groundbirch position in British Columbia and the Gold Creek development in Alberta. Groundbirch supplies gas to the 14-million tonnes/year LNG Canada liquefaction plant (Shell, 40%), as well as to the domestic market.

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AI means the end of internet search as we’ve known it

We all know what it means, colloquially, to google something. You pop a few relevant words in a search box and in return get a list of blue links to the most relevant results. Maybe some quick explanations up top. Maybe some maps or sports scores or a video. But fundamentally, it’s just fetching information that’s already out there on the internet and showing it to you, in some sort of structured way.  But all that is up for grabs. We are at a new inflection point. The biggest change to the way search engines have delivered information to us since the 1990s is happening right now. No more keyword searching. No more sorting through links to click. Instead, we’re entering an era of conversational search. Which means instead of keywords, you use real questions, expressed in natural language. And instead of links, you’ll increasingly be met with answers, written by generative AI and based on live information from all across the internet, delivered the same way.  Of course, Google—the company that has defined search for the past 25 years—is trying to be out front on this. In May of 2023, it began testing AI-generated responses to search queries, using its large language model (LLM) to deliver the kinds of answers you might expect from an expert source or trusted friend. It calls these AI Overviews. Google CEO Sundar Pichai described this to MIT Technology Review as “one of the most positive changes we’ve done to search in a long, long time.”
AI Overviews fundamentally change the kinds of queries Google can address. You can now ask it things like “I’m going to Japan for one week next month. I’ll be staying in Tokyo but would like to take some day trips. Are there any festivals happening nearby? How will the surfing be in Kamakura? Are there any good bands playing?” And you’ll get an answer—not just a link to Reddit, but a built-out answer with current results.  More to the point, you can attempt searches that were once pretty much impossible, and get the right answer. You don’t have to be able to articulate what, precisely, you are looking for. You can describe what the bird in your yard looks like, or what the issue seems to be with your refrigerator, or that weird noise your car is making, and get an almost human explanation put together from sources previously siloed across the internet. It’s amazing, and once you start searching that way, it’s addictive.
And it’s not just Google. OpenAI’s ChatGPT now has access to the web, making it far better at finding up-to-date answers to your queries. Microsoft released generative search results for Bing in September. Meta has its own version. The startup Perplexity was doing the same, but with a “move fast, break things” ethos. Literal trillions of dollars are at stake in the outcome as these players jockey to become the next go-to source for information retrieval—the next Google. Not everyone is excited for the change. Publishers are completely freaked out. The shift has heightened fears of a “zero-click” future, where search referral traffic—a mainstay of the web since before Google existed—vanishes from the scene.  I got a vision of that future last June, when I got a push alert from the Perplexity app on my phone. Perplexity is a startup trying to reinvent web search. But in addition to delivering deep answers to queries, it will create entire articles about the news of the day, cobbled together by AI from different sources.  On that day, it pushed me a story about a new drone company from Eric Schmidt. I recognized the story. Forbes had reported it exclusively, earlier in the week, but it had been locked behind a paywall. The image on Perplexity’s story looked identical to one from Forbes. The language and structure were quite similar. It was effectively the same story, but freely available to anyone on the internet. I texted a friend who had edited the original story to ask if Forbes had a deal with the startup to republish its content. But there was no deal. He was shocked and furious and, well, perplexed. He wasn’t alone. Forbes, the New York Times, and Condé Nast have now all sent the company cease-and-desist orders. News Corp is suing for damages.  People are worried about what these new LLM-powered results will mean for our fundamental shared reality. It could spell the end of the canonical answer. It was precisely the nightmare scenario publishers have been so afraid of: The AI was hoovering up their premium content, repackaging it, and promoting it to its audience in a way that didn’t really leave any reason to click through to the original. In fact, on Perplexity’s About page, the first reason it lists to choose the search engine is “Skip the links.” But this isn’t just about publishers (or my own self-interest).  People are also worried about what these new LLM-powered results will mean for our fundamental shared reality. Language models have a tendency to make stuff up—they can hallucinate nonsense. Moreover, generative AI can serve up an entirely new answer to the same question every time, or provide different answers to different people on the basis of what it knows about them. It could spell the end of the canonical answer. But make no mistake: This is the future of search. Try it for a bit yourself, and you’ll see. 

Sure, we will always want to use search engines to navigate the web and to discover new and interesting sources of information. But the links out are taking a back seat. The way AI can put together a well-reasoned answer to just about any kind of question, drawing on real-time data from across the web, just offers a better experience. That is especially true compared with what web search has become in recent years. If it’s not exactly broken (data shows more people are searching with Google more often than ever before), it’s at the very least increasingly cluttered and daunting to navigate.  Who wants to have to speak the language of search engines to find what you need? Who wants to navigate links when you can have straight answers? And maybe: Who wants to have to learn when you can just know?  In the beginning there was Archie. It was the first real internet search engine, and it crawled files previously hidden in the darkness of remote servers. It didn’t tell you what was in those files—just their names. It didn’t preview images; it didn’t have a hierarchy of results, or even much of an interface. But it was a start. And it was pretty good.  Then Tim Berners-Lee created the World Wide Web, and all manner of web pages sprang forth. The Mosaic home page and the Internet Movie Database and Geocities and the Hampster Dance and web rings and Salon and eBay and CNN and federal government sites and some guy’s home page in Turkey. Until finally, there was too much web to even know where to start. We really needed a better way to navigate our way around, to actually find the things we needed.  And so in 1994 Jerry Yang created Yahoo, a hierarchical directory of websites. It quickly became the home page for millions of people. And it was … well, it was okay. TBH, and with the benefit of hindsight, I think we all thought it was much better back then than it actually was. But the web continued to grow and sprawl and expand, every day bringing more information online. Rather than just a list of sites by category, we needed something that actually looked at all that content and indexed it. By the late ’90s that meant choosing from a variety of search engines: AltaVista and AlltheWeb and WebCrawler and HotBot. And they were good—a huge improvement. At least at first.   But alongside the rise of search engines came the first attempts to exploit their ability to deliver traffic. Precious, valuable traffic, which web publishers rely on to sell ads and retailers use to get eyeballs on their goods. Sometimes this meant stuffing pages with keywords or nonsense text designed purely to push pages higher up in search results. It got pretty bad. 
And then came Google. It’s hard to overstate how revolutionary Google was when it launched in 1998. Rather than just scanning the content, it also looked at the sources linking to a website, which helped evaluate its relevance. To oversimplify: The more something was cited elsewhere, the more reliable Google considered it, and the higher it would appear in results. This breakthrough made Google radically better at retrieving relevant results than anything that had come before. It was amazing.  Google CEO Sundar Pichai describes AI Overviews as “one of the most positive changes we’ve done to search in a long, long time.”JENS GYARMATY/LAIF/REDUX For 25 years, Google dominated search. Google was search, for most people. (The extent of that domination is currently the subject of multiple legal probes in the United States and the European Union.)  
But Google has long been moving away from simply serving up a series of blue links, notes Pandu Nayak, Google’s chief scientist for search.  “It’s not just so-called web results, but there are images and videos, and special things for news. There have been direct answers, dictionary answers, sports, answers that come with Knowledge Graph, things like featured snippets,” he says, rattling off a litany of Google’s steps over the years to answer questions more directly.  It’s true: Google has evolved over time, becoming more and more of an answer portal. It has added tools that allow people to just get an answer—the live score to a game, the hours a café is open, or a snippet from the FDA’s website—rather than being pointed to a website where the answer may be.  But once you’ve used AI Overviews a bit, you realize they are different.  Take featured snippets, the passages Google sometimes chooses to highlight and show atop the results themselves. Those words are quoted directly from an original source. The same is true of knowledge panels, which are generated from information stored in a range of public databases and Google’s Knowledge Graph, its database of trillions of facts about the world. While these can be inaccurate, the information source is knowable (and fixable). It’s in a database. You can look it up. Not anymore: AI Overviews can be entirely new every time, generated on the fly by a language model’s predictive text combined with an index of the web. 
“I think it’s an exciting moment where we have obviously indexed the world. We built deep understanding on top of it with Knowledge Graph. We’ve been using LLMs and generative AI to improve our understanding of all that,” Pichai told MIT Technology Review. “But now we are able to generate and compose with that.” The result feels less like a querying a database than like asking a very smart, well-read friend. (With the caveat that the friend will sometimes make things up if she does not know the answer.)  “[The company’s] mission is organizing the world’s information,” Liz Reid, Google’s head of search, tells me from its headquarters in Mountain View, California. “But actually, for a while what we did was organize web pages. Which is not really the same thing as organizing the world’s information or making it truly useful and accessible to you.”  That second concept—accessibility—is what Google is really keying in on with AI Overviews. It’s a sentiment I hear echoed repeatedly while talking to Google execs: They can address more complicated types of queries more efficiently by bringing in a language model to help supply the answers. And they can do it in natural language. 
That will become even more important for a future where search goes beyond text queries. For example, Google Lens, which lets people take a picture or upload an image to find out more about something, uses AI-generated answers to tell you what you may be looking at. Google has even showed off the ability to query live video.  When it doesn’t have an answer, an AI model can confidently spew back a response anyway. For Google, this could be a real problem. For the rest of us, it could actually be dangerous. “We are definitely at the start of a journey where people are going to be able to ask, and get answered, much more complex questions than where we’ve been in the past decade,” says Pichai.  There are some real hazards here. First and foremost: Large language models will lie to you. They hallucinate. They get shit wrong. When it doesn’t have an answer, an AI model can blithely and confidently spew back a response anyway. For Google, which has built its reputation over the past 20 years on reliability, this could be a real problem. For the rest of us, it could actually be dangerous. In May 2024, AI Overviews were rolled out to everyone in the US. Things didn’t go well. Google, long the world’s reference desk, told people to eat rocks and to put glue on their pizza. These answers were mostly in response to what the company calls adversarial queries—those designed to trip it up. But still. It didn’t look good. The company quickly went to work fixing the problems—for example, by deprecating so-called user-generated content from sites like Reddit, where some of the weirder answers had come from. Yet while its errors telling people to eat rocks got all the attention, the more pernicious danger might arise when it gets something less obviously wrong. For example, in doing research for this article, I asked Google when MIT Technology Review went online. It helpfully responded that “MIT Technology Review launched its online presence in late 2022.” This was clearly wrong to me, but for someone completely unfamiliar with the publication, would the error leap out?  I came across several examples like this, both in Google and in OpenAI’s ChatGPT search. Stuff that’s just far enough off the mark not to be immediately seen as wrong. Google is banking that it can continue to improve these results over time by relying on what it knows about quality sources. “When we produce AI Overviews,” says Nayak, “we look for corroborating information from the search results, and the search results themselves are designed to be from these reliable sources whenever possible. These are some of the mechanisms we have in place that assure that if you just consume the AI Overview, and you don’t want to look further … we hope that you will still get a reliable, trustworthy answer.” In the case above, the 2022 answer seemingly came from a reliable source—a story about MIT Technology Review’s email newsletters, which launched in 2022. But the machine fundamentally misunderstood. This is one of the reasons Google uses human beings—raters—to evaluate the results it delivers for accuracy. Ratings don’t correct or control individual AI Overviews; rather, they help train the model to build better answers. But human raters can be fallible. Google is working on that too.  “Raters who look at your experiments may not notice the hallucination because it feels sort of natural,” says Nayak. “And so you have to really work at the evaluation setup to make sure that when there is a hallucination, someone’s able to point out and say, That’s a problem.” The new search Google has rolled out its AI Overviews to upwards of a billion people in more than 100 countries, but it is facing upstarts with new ideas about how search should work. Search Engine GoogleThe search giant has added AI Overviews to search results. These overviews take information from around the web and Google’s Knowledge Graph and use the company’s Gemini language model to create answers to search queries. What it’s good at Google’s AI Overviews are great at giving an easily digestible summary in response to even the most complex queries, with sourcing boxes adjacent to the answers. Among the major options, its deep web index feels the most “internety.” But web publishers fear its summaries will give people little reason to click through to the source material. PerplexityPerplexity is a conversational search engine that uses third-party largelanguage models from OpenAI and Anthropic to answer queries. Perplexity is fantastic at putting together deeper dives in response to user queries, producing answers that are like mini white papers on complex topics. It’s also excellent at summing up current events. But it has gotten a bad rep with publishers, who say it plays fast and loose with their content. ChatGPTWhile Google brought AI to search, OpenAI brought search to ChatGPT. Queries that the model determines will benefit from a web search automatically trigger one, or users can manually select the option to add a web search. Thanks to its ability to preserve context across a conversation, ChatGPT works well for performing searches that benefit from follow-up questions—like planning a vacation through multiple search sessions. OpenAI says users sometimes go “20 turns deep” in researching queries. Of these three, it makes links out to publishers least prominent. When I talked to Pichai about this, he expressed optimism about the company’s ability to maintain accuracy even with the LLM generating responses. That’s because AI Overviews is based on Google’s flagship large language model, Gemini, but also draws from Knowledge Graph and what it considers reputable sources around the web.  “You’re always dealing in percentages. What we have done is deliver it at, like, what I would call a few nines of trust and factuality and quality. I’d say 99-point-few-nines. I think that’s the bar we operate at, and it is true with AI Overviews too,” he says. “And so the question is, are we able to do this again at scale? And I think we are.” There’s another hazard as well, though, which is that people ask Google all sorts of weird things. If you want to know someone’s darkest secrets, look at their search history. Sometimes the things people ask Google about are extremely dark. Sometimes they are illegal. Google doesn’t just have to be able to deploy its AI Overviews when an answer can be helpful; it has to be extremely careful not to deploy them when an answer may be harmful.  “If you go and say ‘How do I build a bomb?’ it’s fine that there are web results. It’s the open web. You can access anything,” Reid says. “But we do not need to have an AI Overview that tells you how to build a bomb, right? We just don’t think that’s worth it.”  But perhaps the greatest hazard—or biggest unknown—is for anyone downstream of a Google search. Take publishers, who for decades now have relied on search queries to send people their way. What reason will people have to click through to the original source, if all the information they seek is right there in the search result?   Rand Fishkin, cofounder of the market research firm SparkToro, publishes research on so-called zero-click searches. As Google has moved increasingly into the answer business, the proportion of searches that end without a click has gone up and up. His sense is that AI Overviews are going to explode this trend.   “If you are reliant on Google for traffic, and that traffic is what drove your business forward, you are in long- and short-term trouble,” he says.  Don’t panic, is Pichai’s message. He argues that even in the age of AI Overviews, people will still want to click through and go deeper for many types of searches. “The underlying principle is people are coming looking for information. They’re not looking for Google always to just answer,” he says. “Sometimes yes, but the vast majority of the times, you’re looking at it as a jumping-off point.”  Reid, meanwhile, argues that because AI Overviews allow people to ask more complicated questions and drill down further into what they want, they could even be helpful to some types of publishers and small businesses, especially those operating in the niches: “You essentially reach new audiences, because people can now express what they want more specifically, and so somebody who specializes doesn’t have to rank for the generic query.”  “I’m going to start with something risky,” Nick Turley tells me from the confines of a Zoom window. Turley is the head of product for ChatGPT, and he’s showing off OpenAI’s new web search tool a few weeks before it launches. “I should normally try this beforehand, but I’m just gonna search for you,” he says. “This is always a high-risk demo to do, because people tend to be particular about what is said about them on the internet.”  He types my name into a search field, and the prototype search engine spits back a few sentences, almost like a speaker bio. It correctly identifies me and my current role. It even highlights a particular story I wrote years ago that was probably my best known. In short, it’s the right answer. Phew?  A few weeks after our call, OpenAI incorporated search into ChatGPT, supplementing answers from its language model with information from across the web. If the model thinks a response would benefit from up-to-date information, it will automatically run a web search (OpenAI won’t say who its search partners are) and incorporate those responses into its answer, with links out if you want to learn more. You can also opt to manually force it to search the web if it does not do so on its own. OpenAI won’t reveal how many people are using its web search, but it says some 250 million people use ChatGPT weekly, all of whom are potentially exposed to it.   “There’s an incredible amount of content on the web. There are a lot of things happening in real time. You want ChatGPT to be able to use that to improve its answers and to be a better super-assistant for you.” Kevin Weil, chief product officer, OpenAI According to Fishkin, these newer forms of AI-assisted search aren’t yet challenging Google’s search dominance. “It does not appear to be cannibalizing classic forms of web search,” he says.  OpenAI insists it’s not really trying to compete on search—although frankly this seems to me like a bit of expectation setting. Rather, it says, web search is mostly a means to get more current information than the data in its training models, which tend to have specific cutoff dates that are often months, or even a year or more, in the past. As a result, while ChatGPT may be great at explaining how a West Coast offense works, it has long been useless at telling you what the latest 49ers score is. No more.  “I come at it from the perspective of ‘How can we make ChatGPT able to answer every question that you have? How can we make it more useful to you on a daily basis?’ And that’s where search comes in for us,” Kevin Weil, the chief product officer with OpenAI, tells me. “There’s an incredible amount of content on the web. There are a lot of things happening in real time. You want ChatGPT to be able to use that to improve its answers and to be able to be a better super-assistant for you.” Today ChatGPT is able to generate responses for very current news events, as well as near-real-time information on things like stock prices. And while ChatGPT’s interface has long been, well, boring, search results bring in all sorts of multimedia—images, graphs, even video. It’s a very different experience.  Weil also argues that ChatGPT has more freedom to innovate and go its own way than competitors like Google—even more than its partner Microsoft does with Bing. Both of those are ad-dependent businesses. OpenAI is not. (At least not yet.) It earns revenue from the developers, businesses, and individuals who use it directly. It’s mostly setting large amounts of money on fire right now—it’s projected to lose $14 billion in 2026, by some reports. But one thing it doesn’t have to worry about is putting ads in its search results as Google does.  “For a while what we did was organize web pages. Which is not really the same thing as organizing the world’s information or making it truly useful and accessible to you,” says Google head of search, Liz Reid.WINNI WINTERMEYER/REDUX Like Google, ChatGPT is pulling in information from web publishers, summarizing it, and including it in its answers. But it has also struck financial deals with publishers, a payment for providing the information that gets rolled into its results. (MIT Technology Review has been in discussions with OpenAI, Google, Perplexity, and others about publisher deals but has not entered into any agreements. Editorial was neither party to nor informed about the content of those discussions.) But the thing is, for web search to accomplish what OpenAI wants—to be more current than the language model—it also has to bring in information from all sorts of publishers and sources that it doesn’t have deals with. OpenAI’s head of media partnerships, Varun Shetty, told MIT Technology Review that it won’t give preferential treatment to its publishing partners. Instead, OpenAI told me, the model itself finds the most trustworthy and useful source for any given question. And that can get weird too. In that very first example it showed me—when Turley ran that name search—it described a story I wrote years ago for Wired about being hacked. That story remains one of the most widely read I’ve ever written. But ChatGPT didn’t link to it. It linked to a short rewrite from The Verge. Admittedly, this was on a prototype version of search, which was, as Turley said, “risky.”  When I asked him about it, he couldn’t really explain why the model chose the sources that it did, because the model itself makes that evaluation. The company helps steer it by identifying—sometimes with the help of users—what it considers better answers, but the model actually selects them.  “And in many cases, it gets it wrong, which is why we have work to do,” said Turley. “Having a model in the loop is a very, very different mechanism than how a search engine worked in the past.” Indeed!  The model, whether it’s OpenAI’s GPT-4o or Google’s Gemini or Anthropic’s Claude, can be very, very good at explaining things. But the rationale behind its explanations, its reasons for selecting a particular source, and even the language it may use in an answer are all pretty mysterious. Sure, a model can explain very many things, but not when that comes to its own answers.  It was almost a decade ago, in 2016, when Pichai wrote that Google was moving from “mobile first” to “AI first”: “But in the next 10 years, we will shift to a world that is AI-first, a world where computing becomes universally available—be it at home, at work, in the car, or on the go—and interacting with all of these surfaces becomes much more natural and intuitive, and above all, more intelligent.”  We’re there now—sort of. And it’s a weird place to be. It’s going to get weirder. That’s especially true as these things we now think of as distinct—querying a search engine, prompting a model, looking for a photo we’ve taken, deciding what we want to read or watch or hear, asking for a photo we wish we’d taken, and didn’t, but would still like to see—begin to merge.  The search results we see from generative AI are best understood as a waypoint rather than a destination. What’s most important may not be search in itself; rather, it’s that search has given AI model developers a path to incorporating real-time information into their inputs and outputs. And that opens up all sorts of possibilities. “A ChatGPT that can understand and access the web won’t just be about summarizing results. It might be about doing things for you. And I think there’s a fairly exciting future there,” says OpenAI’s Weil. “You can imagine having the model book you a flight, or order DoorDash, or just accomplish general tasks for you in the future. It’s just once the model understands how to use the internet, the sky’s the limit.” This is the agentic future we’ve been hearing about for some time now, and the more AI models make use of real-time data from the internet, the closer it gets.  Let’s say you have a trip coming up in a few weeks. An agent that can get data from the internet in real time can book your flights and hotel rooms, make dinner reservations, and more, based on what it knows about you and your upcoming travel—all without your having to guide it. Another agent could, say, monitor the sewage output of your home for certain diseases, and order tests and treatments in response. You won’t have to search for that weird noise your car is making, because the agent in your vehicle will already have done it and made an appointment to get the issue fixed.  “It’s not always going to be just doing search and giving answers,” says Pichai. “Sometimes it’s going to be actions. Sometimes you’ll be interacting within the real world. So there is a notion of universal assistance through it all.” And the ways these things will be able to deliver answers is evolving rapidly now too. For example, today Google can not only search text, images, and even video; it can create them. Imagine overlaying that ability with search across an array of formats and devices. “Show me what a Townsend’s warbler looks like in the tree in front of me.” Or “Use my existing family photos and videos to create a movie trailer of our upcoming vacation to Puerto Rico next year, making sure we visit all the best restaurants and top landmarks.” “We have primarily done it on the input side,” he says, referring to the ways Google can now search for an image or within a video. “But you can imagine it on the output side too.” This is the kind of future Pichai says he is excited to bring online. Google has already showed off a bit of what that might look like with NotebookLM, a tool that lets you upload large amounts of text and have it converted into a chatty podcast. He imagines this type of functionality—the ability to take one type of input and convert it into a variety of outputs—transforming the way we interact with information.  In a demonstration of a tool called Project Astra this summer at its developer conference, Google showed one version of this outcome, where cameras and microphones in phones and smart glasses understand the context all around you—online and off, audible and visual—and have the ability to recall and respond in a variety of ways. Astra can, for example, look at a crude drawing of a Formula One race car and not only identify it, but also explain its various parts and their uses.  But you can imagine things going a bit further (and they will). Let’s say I want to see a video of how to fix something on my bike. The video doesn’t exist, but the information does. AI-assisted generative search could theoretically find that information somewhere online—in a user manual buried in a company’s website, for example—and create a video to show me exactly how to do what I want, just as it could explain that to me with words today. These are the kinds of things that start to happen when you put the entire compendium of human knowledge—knowledge that’s previously been captured in silos of language and format; maps and business registrations and product SKUs; audio and video and databases of numbers and old books and images and, really, anything ever published, ever tracked, ever recorded; things happening right now, everywhere—and introduce a model into all that. A model that maybe can’t understand, precisely, but has the ability to put that information together, rearrange it, and spit it back in a variety of different hopefully helpful ways. Ways that a mere index could not. That’s what we’re on the cusp of, and what we’re starting to see. And as Google rolls this out to a billion people, many of whom will be interacting with a conversational AI for the first time, what will that mean? What will we do differently? It’s all changing so quickly. Hang on, just hang on. 

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Subsea7 Scores Various Contracts Globally

Subsea 7 S.A. has secured what it calls a “sizeable” contract from Turkish Petroleum Offshore Technology Center AS (TP-OTC) to provide inspection, repair and maintenance (IRM) services for the Sakarya gas field development in the Black Sea. The contract scope includes project management and engineering executed and managed from Subsea7 offices in Istanbul, Türkiye, and Aberdeen, Scotland. The scope also includes the provision of equipment, including two work class remotely operated vehicles, and construction personnel onboard TP-OTC’s light construction vessel Mukavemet, Subsea7 said in a news release. The company defines a sizeable contract as having a value between $50 million and $150 million. Offshore operations will be executed in 2025 and 2026, Subsea7 said. Hani El Kurd, Senior Vice President of UK and Global Inspection, Repair, and Maintenance at Subsea7, said: “We are pleased to have been selected to deliver IRM services for TP-OTC in the Black Sea. This contract demonstrates our strategy to deliver engineering solutions across the full asset lifecycle in close collaboration with our clients. We look forward to continuing to work alongside TP-OTC to optimize gas production from the Sakarya field and strengthen our long-term presence in Türkiye”. North Sea Project Subsea7 also announced the award of a “substantial” contract by Inch Cape Offshore Limited to Seaway7, which is part of the Subsea7 Group. The contract is for the transport and installation of pin-pile jacket foundations and transition pieces for the Inch Cape Offshore Wind Farm. The 1.1-gigawatt Inch Cape project offshore site is located in the Scottish North Sea, 9.3 miles (15 kilometers) off the Angus coast, and will comprise 72 wind turbine generators. Seaway7’s scope of work includes the transport and installation of 18 pin-pile jacket foundations and 54 transition pieces with offshore works expected to begin in 2026, according to a separate news

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Driving into the future

Welcome to our annual breakthroughs issue. If you’re an MIT Technology Review superfan, you may already know that putting together our 10 Breakthrough Technologies (TR10) list is one of my favorite things we do as a publication. We spend months researching and discussing which technologies will make the 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. When you look back over the years, you’ll find items like natural-language processing (2001), wireless power (2008), and reusable rockets (2016)—spot-on in terms of horizon scanning. You’ll also see the occasional miss, or moments when maybe we were a little bit too far ahead of ourselves. (See our Magic Leap entry from 2015.) But the real secret of the TR10 is what we leave off the list. It is hard to think of another industry, aside from maybe entertainment, that has as much of a hype machine behind it as tech does. Which means that being too conservative is rarely the wrong call. But it does happen.  Last year, for example, we were going to include robotaxis on the TR10. Autonomous vehicles have been around for years, but 2023 seemed like a real breakthrough moment; both Cruise and Waymo were ferrying paying customers around various cities, with big expansion plans on the horizon. And then, last fall, after a series of mishaps (including an incident when a pedestrian was caught under a vehicle and dragged), Cruise pulled its entire fleet of robotaxis from service. Yikes. 
The timing was pretty miserable, as we were in the process of putting some of the finishing touches on the issue. I made the decision to pull it. That was a mistake.  What followed turned out to be a banner year for the robotaxi. Waymo, which had previously been available only to a select group of beta testers, opened its service to the general public in San Francisco and Los Angeles in 2024. Its cars are now ubiquitous in the City by the Bay, where they have not only become a real competitor to the likes of Uber and Lyft but even created something of a tourist attraction. Which is no wonder, because riding in one is delightful. They are still novel enough to make it feel like a kind of magic. And as you can read, Waymo is just a part of this amazing story. 
The item we swapped into the robotaxi’s place was the Apple Vision Pro, an example of both a hit and a miss. We’d included it because it is truly a revolutionary piece of hardware, and we zeroed in on its micro-OLED display. Yet a year later, it has seemingly failed to find a market fit, and its sales are reported to be far below what Apple predicted. I’ve been covering this field for well over a decade, and I would still argue that the Vision Pro (unlike the Magic Leap vaporware of 2015) is a breakthrough device. But it clearly did not have a breakthrough year. Mea culpa.  Having said all that, I think we have an incredible and thought-provoking list for you this year—from a new astronomical observatory that will allow us to peer into the fourth dimension to new ways of searching the internet to, well, robotaxis. I hope there’s something here for everyone.

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Oil Holds at Highest Levels Since October

Crude oil futures slightly retreated but continue to hold at their highest levels since October, supported by colder weather in the Northern Hemisphere and China’s economic stimulus measures. That’s what George Pavel, General Manager at Naga.com Middle East, said in a market analysis sent to Rigzone this morning, adding that Brent and WTI crude “both saw modest declines, yet the outlook remains bullish as colder temperatures are expected to increase demand for heating oil”. “Beijing’s fiscal stimulus aims to rejuvenate economic activity and consumer demand, further contributing to fuel consumption expectations,” Pavel said in the analysis. “This economic support from China could help sustain global demand for crude, providing upward pressure on prices,” he added. Looking at supply, Pavel noted in the analysis that “concerns are mounting over potential declines in Iranian oil production due to anticipated sanctions and policy changes under the incoming U.S. administration”. “Forecasts point to a reduction of 300,000 barrels per day in Iranian output by the second quarter of 2025, which would weigh on global supply and further support prices,” he said. “Moreover, the U.S. oil rig count has decreased, indicating a potential slowdown in future output,” he added. “With supply-side constraints contributing to tightening global inventories, this situation is likely to reinforce the current market optimism, supporting crude prices at elevated levels,” Pavel continued. “Combined with the growing demand driven by weather and economic factors, these supply dynamics point to a favorable environment for oil prices in the near term,” Pavel went on to state. Rigzone has contacted the Trump transition team and the Iranian ministry of foreign affairs for comment on Pavel’s analysis. At the time of writing, neither have responded to Rigzone’s request yet. In a separate market analysis sent to Rigzone earlier this morning, Antonio Di Giacomo, Senior Market Analyst at

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What to expect from NaaS in 2025

Shamus McGillicuddy, vice president of research at EMA, says that network execs today have a fuller understanding of the potential benefits of NaaS, beyond simply a different payment model. NaaS can deliver access to new technologies faster and keep enterprises up-to-date as technologies evolve over time; it can help mitigate skills gaps for organizations facing a shortage of networking talent. For example, in a retail scenario, an organization can offload deployment and management of its Wi-Fi networks at all of its stores to a NaaS vendor, freeing up IT staffers for higher-level activities. Also, it can help organizations manage rapidly fluctuating demands on the network, he says. 2. Frameworks help drive adoption Industry standards can help accelerate the adoption of new technologies. MEF, a nonprofit industry forum, has developed a framework that combines standardized service definitions, extensive automation frameworks, security certifications, and multi-cloud integration capabilities—all aimed at enabling service providers to deliver what MEF calls a true cloud experience for network services. The blueprint serves as a guide for building an automated, federated ecosystem where enterprises can easily consume NaaS services from providers. It details the APIs, service definitions, and certification programs that MEF has developed to enable this vision. The four components of NaaS, according to the blueprint, are on-demand automated transport services, SD-WAN overlays and network slicing for application assurance, SASE-based security, and multi-cloud on-ramps. 3. The rise of campus/LAN NaaS Until very recently, the most popular use cases for NaaS were on-demand WAN connectivity, multi-cloud connectivity, SD-WAN, and SASE. However, campus/LAN NaaS, which includes both wired and wireless networks, has emerged as the breakout star in the overall NaaS market. Dell’Oro Group analyst Sian Morgan predicts: “In 2025, Campus NaaS revenues will grow over eight times faster than the overall LAN market. Startups offering purpose-built CNaaS technology will

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UK battery storage industry ‘back on track’

UK battery storage investor Gresham House Energy Storage Fund (LON:GRID) has said the industry is “back on track” as trading conditions improved, particularly in December. The UK’s largest fund specialising in battery energy storage systems (BESS) highlighted improvements in service by the UK government’s National Energy System Operator (NESO) as well as its renewed commitment to to the sector as part of clean power aims by 2030. It also revealed that revenues exceeding £60,000 per MW of electricity its facilities provided in the second half of 2024 meant it would meet or even exceed revenue targets. This comes after the fund said it had faced a “weak revenue environment” in the first part of the year. In April it reported a £110 million loss compared to a £217m profit the previous year and paused dividends. Fund manager Ben Guest said the organisation was “working hard” on refinancing  and a plan to “re-instate dividend payments”. In a further update, the fund said its 40MW BESS project at Shilton Lane, 11 miles from Glasgow, was  fully built and in the final stages of the NESO compliance process which expected to complete in February 2025. Fund chair John Leggate welcomed “solid progress” in company’s performance, “as well as improvements in NESO’s control room, and commitment to further change, that should see BESS increasingly well utilised”. He added: “We thank our shareholders for their patience as the battery storage industry gets back on track with the most environmentally appropriate and economically competitive energy storage technology (Li-ion) being properly prioritised. “Alongside NESO’s backing of BESS, it is encouraging to see the government’s endorsement of a level playing field for battery storage – the only proven, commercially viable technology that can dynamically manage renewable intermittency at national scale.” Guest, who in addition to managing the fund is also

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Enabling a new model for healthcare with AI co-clinician

Engineering trust with safeguards for clinical-grade AIThe transition and deployment of AI into clinical environments requires uncompromising architectural and operational safeguards. In our research on simulations of patient-facing telemedical conversations, AI co-clinician uses a dual-agent architecture: a “Planner” module continuously monitors the conversation, verifying that the “Talker” agent stays within safe clinical boundaries.Similarly, to meet doctors’ needs AI co-clinician prioritizes clinical-grade evidence, performing verification and citation checking for retrieval. The evaluations we report above were constructed by physicians to mirror a range of their real-world evidence needs, formulating questions from hypothetical scenarios for rigorously evaluating AI’s capabilities.Research collaborations for rigorous real-world evaluation of AI co-clinicianTo further develop and assess AI co-clinician, we are currently advancing a phased approach with academic and research collaborators across globally diverse healthcare settings including in the US, India, Australia, New Zealand, Singapore and UAE.As we progress through these evaluation phases, we will further our research in more geos including mission-aligned healthcare organizations and academic medical centers. Our goal is to ensure that medical AI is developed and deployed responsibly in line with applicable standards, supporting better health worldwide.Note: Our research collaborations are not, at this stage, intended for use in the diagnosis, cure, mitigation, treatment, or prevention of disease, or to provide medical advice.AcknowledgementsWe are grateful to our research partners at Harvard Medical School and Stanford Medicine and the many medical centers and care organizations engaging in further trusted tester evaluations with our team. This project involved collaborations with many teams at Google DeepMind, Google Research, Google Cloud and Google for Health and we thank our team mates for insightful discussions and contributions.In particular, AI co-clinician would not have been possible without the core research and engineering efforts of Aniruddh Raghu, Arthur Chen, Charlie Taylor, CJ Park, David Stutz, Devora Berlowitz, Doug Fritz, Dylan Slack, Eliseo Papa, Jack Chen, JD Velasquez, Jing Rong Lim, Katya Tregubova, Kelvin Guu, Meet Shah, Richard Green, Ryutaro Tanno, Sukhdeep Singh, Victoria Johnston, Adam Rodman.We thank our many collaborators for their invaluable contributions, including Ali Eslami, Aliya Rysbeck, Andy Song, Anil Palepu, Anna Cupani, Bakul Patel, Bibo Xu, Brett Hatfield, David Wu, Ed Chi, Emma Cooney, Erica Oppenheimer, Erwan Rolland, Euan A. Ashley, Francesca Pietra, Rebeca Santamaria-Fernadez, Gordon Turner, Gregory Wayne, Hannah Gladman, Irene Teinemaa, Jack O’Sullivan, Jacob Koshy, Jan Freyberg, Jason Gusdorf, Joelle Wilson, Katherine Tong, Juraj Gottweis, Michael Howell, Mili Sanwalka, Pavel Dubov, Pete Clardy, Peter Brodeur, Rachelle Sico, SiWai Man, Sumanth Dahathri, Taylan Cemgil, Tim Strother, Uchechi Okereke, Valentin Lievin, Vishnu Ravi, Yana Lunts, Yun Liu, Simon Staffell, Rachel Teo, Adriana Fernandez Lara, Armin Senoner, Danielle Breen, Paula Tesch, Leen Verburgh, Dimple Vijaykumar, Juanita Bawagan, Muinat Abdul, Mariana Montes and Rob Ashley. Feature videos were produced by Christopher Godfree, Matt Mager, Emma Moxhay and Simon Waldron.Thanks to James Manyika and Demis Hassabis for their insightful guidance and support throughout the research process.

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The Download: the North Pole’s future and humanoid data

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. Digging for clues about the North Pole’s past In the past, getting to the North Pole involved a treacherous trip through ice many meters thick. But last year, a research vessel encountered open water and thin ice, which created an easy passage. It provided a reminder of how quickly the Arctic is changing.  Now scientists are digging deep below the seabed to find out if the Arctic Ocean was ever ice-free—and what that could mean for the future of Earth’s northernmost waters. Here’s what they hope to discover. —Tim Kalvelage
This story is from the latest issue of our print magazine, which is all about nature. Check out the full issue here, and subscribe to get the next one when it lands.  Humanoid data: 10 Things That Matter in AI Right Now I was recently invited to join an app that would pay me to film myself doing tasks like putting food in a bowl and microwaving it. Another site asked if I’d like to remotely control a robotic arm to help improve its dexterity. What on earth is happening?
These examples are just part of a growing push by robotics companies to collect data on our movements for training humanoids. As the race for real-world data heats up, our everyday movements are being turned into training data. Read the full story. —James O’Donnell Humanoid data is one of our 10 Things That Matter in AI Right Now, a new look at the big ideas, trends, and technologies really worth your attention in the buzzy world of AI. The must-reads I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology. 1 Google, Microsoft, Amazon, and Meta have all set AI spending recordsCollectively, they’re up 71% on the same quarter last year.  (NYT $)+ Microsoft, Google and Amazon reported big payoffs from the splurge. (FT $)+ But Meta’s shares slid after its plans spooked investors. (BBC)+ What even is the AI bubble? (MIT Technology Review)2 The White House opposes Anthropic’s plan to expand Mythos accessIt’s concerned about the model’s cyber risks. (Bloomberg $)+ And worried that the government will lose compute access. (WSJ $)+ Anthropic is seeking funding at a valuation over $900 billion. (Bloomberg $)3 Elon Musk has claimed OpenAI’s leaders “looted the nonprofit”During testimony, Musk said he “was a fool” for trusting them. (Gizmodo)+ But he had raised his own concerns about OpenAI’s non-profit status. (The Verge)+ The case could reshape the AI landscape. (MIT Technology Review)4 Autonomous vehicles may be worseningAccording to emergency first-responders, glitches are increasing. (Wired)5 OpenAI has abandoned much of its Stargate planIt will no longer develop its own data centers. (FT $)+ The project’s compute requirements have been questioned. (MIT Technology Review)6 A convicted Harvard scientist is rebuilding a brain-computer lab in ChinaHe had previously been named the world’s top chemist. (Reuters $) + But was then convicted for lying about payments from China. (NYT $)7 Families have sued OpenAI over a mass shooter’s use of ChatGPTThey say OpenAI provided a dangerously defective version of the chatbot. (NPR)8 Apple is reportedly close to giving up on the Vision ProAfter the latest model flopped. (MacRumors) 9 Senators are interrogating US AI firms on safeguards against ChinaOver fears of IP theft. (Axios)10 Friendly AI chatbots are more likely to be inaccurateA new study found kinder answers contained more mistakes. (BBC) Quote of the day “Never talk about goblins, gremlins, raccoons, trolls, ogres, pigeons, or other animals or creatures unless it is absolutely and unambiguously relevant to the user’s query.”  —OpenAI instructs Codex to avoid critter talk in a system prompt for the coding agent, Ars Technica reports.

One More Thing ARTHUR MOUNT Is this the most energy-efficient way to build homes? When engineers began designing an ultra-efficient home in the 1970s, they realized the trick wasn’t generating energy in a greener way, but using less of it. They needed to make a better thermos, not a cheaper coffee maker. That idea helped inspire today’s passive-house standard: airtight buildings that can cut energy use by up to 90% through better windows, insulation, and ventilation. Although they’re often considered a cold-climate approach, passive houses actually have universal benefits. Find out what makes them so efficient. —Patrick Sisson 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.) + Finally, someone built a gaming PC inside a microwave that runs DOOM.+ Experience the rhythm of the city through this rapid-fire collage of urban photography.+ Get a dose of pure cuteness as these tiny snow leopard cubs leave their den for the first time.+ If you’re staring at a random assortment of groceries, SuperCook will find a recipe based on what’s already in your pantry.

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The Download: storing nuclear waste and orchestrating agents

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. It’s time to make a plan for nuclear waste Today, nuclear energy enjoys rare support across the political spectrum. Public approval has spiked, and Big Tech is throwing money around to meet rising electricity demand. That newfound interest is exactly why it’s time to talk about an old problem: nuclear waste.In the US, nuclear reactors produce about 2,000 metric tons of high-level waste each year—and there’s nowhere to put it. Now, the need for a permanent storage solution is becoming urgent. Here’s what’s at stake. —Casey Crownhart This article is from The Spark, MIT Technology Review’s weekly climate newsletter. Sign up to receive it in your inbox every Wednesday.
Orchestrated agents are coming for white-collar work When people say AI will transform industries, what they have in mind—whether they know it or not—are AI agents. ChatGPT showed AI can talk. But to change the world, it needs to do stuff. The real power comes when agents work as teams, coordinating multiple roles to tackle complex tasks. Apps like Codex and Claude Cowork offer a glimpse of this shift, bringing multi-agent general-purpose productivity tools.
In theory, networks of AI agents could do to white-collar knowledge work what assembly lines did to manufacturing. That’s the vision. But as agents move into real-world systems, the risks grow too. Read the full story. —Will Douglas Heaven Agent Orchestration is one of the 10 Things That Matter in AI Right Now, MIT Technology Review’s guide to what’s really worth your attention in the busy, buzzy world of AI. We’re unpacking one item from the list each day here in The Download, so stay tuned. MIT Technology Review Narrated: no one’s sure if synthetic mirror life will kill us all In February 2019, a group of scientists proposed a high-risk, cutting-edge, irresistibly exciting idea that the National Science Foundation should fund: making “mirror” bacteria. These lab-created microbes would be organized like ordinary bacteria, but their proteins and sugars would be mirror images of those found in nature. Researchers believed they could reveal new insights into building cells, designing drugs, and even the origins of life. But now, many of them have reversed course. They’ve become convinced that mirror organisms could trigger a catastrophic event threatening every form of life on Earth. Find out why. —Stephen Ornes This is our latest story to be turned into an MIT Technology Review Narrated podcast, which we publish 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 Elon Musk says Sam Altman “stole a charity” at the OpenAI trialMusk testified for the first time yesterday in the landmark legal showdown. (FT $)+ He said OpenAI was founded as a non-profit to avoid a “Terminator outcome.” (Wired $)+ And claimed he came up with the idea for the company. (Reuters $)+ The trial could upend the global AI race. (MIT Technology Review) 2 The White House has plans to bypass Anthropic’s blacklistingIt’s drafting guidance to sidestep the supply-chain risk designation. (Axios)+ The White House is also meeting other tech firms to discuss AI risks. (Politico)+ The Pentagon’s culture war against Anthropic has backfired. (MIT Technology Review) 3 OpenAI is tightening ties with Amazon after retreating from MicrosoftAWS customers are getting extra access to OpenAI systems. (NBC News)+ While OpenAI gets new users and cloud-computing capabilities. (CNBC) 4 AI bots told scientists how to create biological weaponsAnd unleash them in public spaces. (NYT $)+ AI will change war forever. (MIT Technology Review) 5 China has suspended robotaxi licenses after a scary outageDozens of Baidu vehicles suddenly stopped last month. (The Verge)+ Chinese robotaxi firms are planning global expansions. (Guardian) 6 Meta has been found in breach of EU rules on protecting childrenAfter failing to block access to Facebook and Instagram. (Guardian)+ Parents are forcing schools to roll back classroom tech use. (NYT $)
7 AI is spotting pancreatic cancer years before symptoms appear A study found it could catch the tumor early enough to treat. (Bloomberg) 8 The Iran war is disrupting data center rolloutsOaktree-owned Pure DC is the latest firm to pause investments. (CNBC)
9 SpaceX is tying Elon Musk’s pay to Mars colonization goalsIt’s set lofty goals for his jaw-dropping compensation. (Reuters $) 10 AI has reconstructed the face of an ancient Pompeii victim Technology is reshaping our understanding of the distant past (NPR) Quote of the day “Overnight, without you even knowing it, your own life chances, the life chances of your children, will be dependent on people continuing to prop up Musk’s visions of how the world should look.” —Elon Musk biographer Michel Martin tells NPR how the Tesla tycoon is shaping our lives. One More Thing Inside Clear’s ambitions to manage your identity beyond the airport If you’ve ever been through a large US airport, you’re probably aware of Clear, the identity verification service that uses biometric scans to whisk travelers past standard security checks.
Now Clear wants to expand that “face-first” experience from airports to just about everywhere, from retailers and banks to even your doctor’s office. Its CEO has designs on making Clear the “identity layer of the internet” and the “universal identity platform” of the physical world. All you have to do is show up—and show your face. But as biometric identity systems go mainstream, concerns about privacy, security, and control are becoming harder to ignore. And the cost of convenience may not be shared equally. Discover what’s at stake.  —Eileen Guo 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.) + Discover why the eight-hour night is a modern invention.+ This artist creates masterpieces using only a vintage typewriter and a lot of patience.+ Test your local knowledge with this game that drops you in a random Street View location.+ Watch this incredible feat of precision piloting as a race aircraft touches down on a 120km/h cargo train.

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It’s time to make a plan for nuclear waste

Today, nuclear energy enjoys a rare moment of support across the political spectrum in the US. Interest from tech companies that are scrambling to meet demand for massive data centers has sparked a resurgence of money and attention in the industry. That newfound interest is exactly why it’s time to talk about an old problem: nuclear waste.  In the US alone, nuclear reactors produce about 2,000 metric tons of high-level waste each year. And there’s nowhere to put it. Though newly popular, the nuclear program in the US is nothing new. The US hosts more reactors and production capacity than any other country in the world. And yet nearly seven decades after the first permanent nuclear facility in the US went online, there’s still not a long-term solution for nuclear waste.  Used fuel is largely stored onsite at operating and shut-down reactors, in pools and casks made of steel and concrete. Experts generally agree that these methods are safe, but they’re not designed to be permanent.
The leading strategy around the world for long-term storage of this high-level radioactive waste is to house it in a deep geological repository—dig a hole, put radioactive material down there, and fill it up with concrete. These holes, hundreds of meters underground, are designed to be a permanent home. There aren’t any operating geological repositories for spent fuel yet, but some countries are well on their way. Finland is the furthest along; as of 2026, the country is testing its facility. Final approvals are expected soon, and operations could start later this year. Some other countries aren’t far behind.
France is home to over 50 nuclear reactors, and its grid gets more of its power from nuclear than any other. The country also has the world’s most established program for reprocessing spent fuel. The process separates out the plutonium and uranium to create a type of fuel known as mixed oxide (MOX) fuel. But reprocessing isn’t a perfect recycling loop, so the leftovers from this process still need somewhere to go. The country currently stores waste onsite at the La Hague reprocessing plant, but it plans to build a repository. Initial approvals could come later this decade, and pilot operations could start up by 2035. Technically, the US also has a destination for its spent fuel: Yucca Mountain in Nevada. The site, which is on federal land, was designated by Congress in 1987. However, progress has entirely stalled out because of political opposition. In 2011, the federal government stopped providing funding for the site, and for roughly a decade, there’s been no activity to speak of. In the meantime, waste continues to pile up. The nuclear industry is kicking into a new gear around the world. China is home to the world’s fastest–growing nuclear energy program, and countries including Bangladesh and Turkey are building their first reactors. Even the long-established US program is seeing growth: Interest in and approval for nuclear energy have spiked, and Big Tech is throwing money around to meet rising electricity demand. Companies are proposing (and beginning to receive regulatory approval for) next-generation reactors, which employ different coolants, fuels, and designs. Given all this new interest, and the impending arrival of new types of nuclear waste, it’s time for nuclear companies, as well as their powerful customers, to push for progress on building geological storage facilities. As the richest country on the planet and home to a large chunk of the activity in next-generation reactors, the US should aim to join the leaders rather than continue to lag behind.  Directing even a small fraction of the recent surge in funding and attention to progress on waste could make a difference. Some experts are calling for a new organization in the US to manage nuclear waste rather than leaving it to the Department of Energy. This organization would mirror programs in Finland, Canada, and France. The process of planning, building, and commissioning a permanent solution for nuclear waste is a long one. Finland started planning in the 1980s and selected its site in the early 2000s, and it’s nearly ready to start accepting waste. For countries that don’t have a permanent storage solution sorted, the best time to start was decades ago. But the second-best time is now.  This article is from The Spark, MIT Technology Review’s weekly climate newsletter. To receive it in your inbox every Wednesday, sign up here. 

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Our commitment to community safety

Mass shootings, threats against public officials, bombing attempts, and attacks on communities and individuals are an unacceptable and grave reality in today’s world. These incidents are a reminder of how real the threat of violence is—and how quickly violent intent can move from words to action. People may also bring these moments and feelings into ChatGPT. They may ask questions about the news, try to understand what happened, express fear or anger, or talk about violence in ways that are fictional, historical, political, personal, or potentially dangerous. We work to train ChatGPT to recognize the difference—and to draw lines when a conversation starts to move toward threats, potential harm to others, or real-world planning.We’re sharing what we do to minimize uses of our services in furtherance of violence or other harm: how our models are trained to respond safely, how our systems detect potential risk of harm, and what actions we take when someone violates our policies. We are constantly improving the steps we take to help protect people and communities, guided by input from psychologists, psychiatrists, civil liberties and law enforcement experts, and others who help us navigate difficult decisions around safety, privacy, and democratized access.How we mitigate risks of harm in ChatGPT.Our Model Spec⁠(opens in a new window) lays out our long-standing principles for how we want our models to behave: maximizing helpfulness and user freedom while minimizing the risk of harm through sensible defaults. We work to train our models to refuse requests for instructions, tactics, or planning that could meaningfully enable violence. At the same time, people may ask neutral questions about violence for factual, historical, educational, or preventive reasons, and we aim to allow those discussions while maintaining clear safety boundaries—for example, by omitting detailed, operational instructions that could facilitate harm. The line between benign and harmful uses can be subtle, so we continually refine our approach and work with experts to help distinguish between safe, bounded responses and actionable steps for carrying out violence or other real-world harm.As part of this ongoing work, we’ve continued expanding our safeguards to help ChatGPT better recognize subtle signs of risk of harm across different contexts. Some safety risks only become clear over time: a single message may seem harmless on its own, but a broader pattern within a long conversation—or across conversations—can suggest something more concerning. Building on years of work in model training, evaluations and red teaming, and ongoing expert input, we have strengthened how ChatGPT recognizes subtle warning signs across long, high-stakes conversations and carefully responds. We’ll share more about this work in the coming weeks.Our safety work also extends to situations where users may be in distress⁠ or at risk of self-harm. In these moments, our goal is to avoid facilitating harmful acts, and also to help de-escalate the situation and guide people to real-world support. ChatGPT surfaces localized crisis resources, encourages people to reach out to mental health professionals or trusted loved ones, and in the most serious cases directs people to seek emergency help. How we monitor and enforce our rules.We assume the best of our users, but when we detect that someone is attempting to use our tools to potentially plan or carry out violence, we take action, including revoking access to OpenAI’s services. Our Usage Policies⁠ set clear expectations for acceptable use and that we may prohibit use for threats, intimidation, harassment, terrorism or violence, weapons development, illicit activity, destruction of property or systems, and attempts to circumvent our safeguards. We take those policies seriously and work hard to enforce them. We use automated detection systems to identify potentially concerning activity at scale. These systems analyze user content and behavior using a range of tools designed to identify signals that may indicate policy violations or harmful activity, including classifiers, reasoning models, hash-matching technologies, blocklists, and other monitoring systems.When an account or conversation is flagged, it is assessed in context by trained personnel. These human reviewers are trained on our policies and protocols, and operate within established privacy and security safeguards, meaning their access to user information is limited, conducted within secure systems, and subject to confidentiality and data protection requirements. Their role is to assess the flagged activity in context, including the content of the interaction, surrounding conversation, and any relevant patterns of behavior over time. This contextual review is important because automated systems may identify signals of potential concern without fully capturing intent or nuance.The goal is to determine whether the flagged activity violates our policies and/or indicates that a user may carry out an act of violence, requires escalation for more detailed human review, or can be dismissed or deprioritized as low risk or non-violative. When we determine that a bannable offense has occurred, we aim to immediately revoke access to OpenAI’s services. That may include disabling the account, banning other accounts of the same user, and taking steps to detect and stop the opening of new accounts. We have a zero-tolerance policy for using our tools to assist in committing violence. People can appeal enforcement decisions, and we review those appeals to confirm the outcome.We surface real-world support and refer to law enforcement when appropriate.Most enforcement actions, including bans for violence, happen directly between OpenAI and the user, making clear they have crossed a line. But in some sensitive cases, we may contact others who are best positioned to help. Where we assess that a case presents indicators of potentially serious, real-world harm, it is escalated for a more in-depth investigation, including assessing the overall level of risk using structured criteria. This stage is reserved for a limited subset of cases and is intended to ensure higher-risk scenarios are assessed with additional context and expertise.  When conversations indicate an imminent and credible risk of harm to others, we notify law enforcement. Mental health and behavioral experts help us assess difficult cases and our referral criteria is flexible to account for the fact that a user may not explicitly discuss the target, means, and timing of planned violence in a ChatGPT conversation but that there may still be potential risk of imminent and credible violence. Last Fall, we introduced Parental Controls⁠ to help families guide how ChatGPT works in their homes. Parental controls allow parents to link their account with their teen’s account and customize settings for a safe, age-appropriate experience. Parents don’t have access to their teen’s conversations, and in rare cases where our system and trained human reviewers detect possible signs of acute distress, parents may be notified—but only with the information needed to support their teen’s safety. Parents are automatically notified by either email, SMS, push notification, or all three.Working closely with experts from our Council on Well-Being and AI and our Global Physicians Network, we will also soon be introducing a trusted contact feature, which will allow adult users to designate someone to receive notifications when they may need additional support. We learn, improve and course-correct. We continue to strengthen our models, detection methods, review processes, and escalation criteria in response to observed usage, emerging risks, and input from internal and external experts. We are especially focused on hard cases: for example, where it is not clear whether a particular input is legitimate or poses a risk of harm; sophisticated attempts to evade safeguards; or when people repeatedly try to misuse our services. We will continue to prioritize safety⁠ while balancing privacy and other civil liberties so we can act on serious risks.

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OpenAI models, Codex, and Managed Agents come to AWS

Today, OpenAI and AWS are expanding our strategic partnership to help enterprises build using OpenAI capabilities in their AWS environments. We’re excited to give AWS customers access to the best frontier models, agents, and tools, which will operate within the systems, security protocols, compliance requirements, and workflows they already use.The expanded partnership with Amazon brings together three key areas of work, all launching today in limited preview:OpenAI models on AWSCodex on AWSAmazon Bedrock Managed Agents, powered by OpenAITogether, these capabilities give organizations more ways to use OpenAI across application development, software engineering, and agentic workflows—while building within the infrastructure, security, governance, and procurement workflows they already use on AWS.Making OpenAI models and APIs accessible to customers on AWSFor many companies, using AI at scale requires bringing the best models to the systems their teams already use. That’s why we’re launching OpenAI models, including our best frontier model GPT‑5.5, on Amazon Bedrock.Customers can now build with OpenAI models in AWS, alongside the services, security controls, identity systems, and procurement processes they already rely on.For developers, that means more flexibility in how they build with OpenAI, from new AI applications to intelligence embedded in existing products to agentic workflows that can reason, take action, and support more complex business processes.For enterprises, it means a clear single path from experimentation to production, with OpenAI capabilities available in the AWS environments where their most important workloads already run.Bringing Codex to AWSMore than 4 million people now use Codex every week, and teams are using it across the software development lifecycle—to write code, explain systems, refactor applications, generate tests, modernize legacy codebases, and accelerate a broader set of professional workflows that extend beyond coding. Increasingly, they are also using Codex to accelerate research, analysis, and document-based work by connecting with the apps and tools they use every day, from summarizing source materials to creating briefs, slide decks, and spreadsheets.Codex is OpenAI’s frontier coding harness and product suite, and organizations can now power Codex with OpenAI models served directly from Amazon Bedrock. This allows any company with an AWS commit and Bedrock access to frictionlessly start using OpenAI’s powerful coding agent and products.Customers get started by configuring Codex to use Bedrock as the provider. This gives customers the enterprise-grade attributes they expect from AWS—including security, billing, and high availability. All customer data is processed by Amazon Bedrock, and eligible customers can apply Codex usage towards their AWS cloud commitments.Codex on Bedrock is available in limited preview. Customers can configure Codex to use Amazon Bedrock through the Bedrock API, starting with Codex CLI, the Codex desktop app, and Visual Studio Code extension.Launching Amazon Bedrock Managed Agents, powered by OpenAIWith Bedrock Managed Agents, organizations can build agents that maintain context, execute multi-step workflows, use tools, and take action across complex business processes. This helps customers move from experimentation to production faster, while keeping agent development aligned with the infrastructure, security, and operational standards they expect from AWS.For enterprises, Bedrock Managed Agents lets teams focus on making agents useful for real work, not assembling the infrastructure around them. It handles the harder parts of deployment, tool use, orchestration, and governance, with built-in integration across Amazon’s security and compliance controls. The result is a faster path from prototype to production for agents that can operate in real enterprise environments.Expanding how enterprises can build with AIOur strategic partnership with Amazon is focused on helping organizations deploy advanced AI at production scale. With OpenAI models, Codex, and Managed Agents now coming to Amazon Bedrock, customers have a faster, more secure path to putting AI to work across their business. We’re excited to see what your organizations build.

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Norwegian Ministry of Energy sets Sept. 1 applications deadline for blocks in APA 2026

The Norwegian Ministry of Energy set a Sept. 1 applications deadline for its 2026 Awards in Predefined Areas (APA), the annual licensing round covering the most mature petroleum exploration areas on the Norwegian continental shelf. Awards will be announced during first-quarter 2027. In a release May 5, the Ministry said the APA area is being enlarged by a total of 70 new blocks. Since APA 2025, the predefined areas have been expanded by 22 blocks and parts of blocks in the North Sea, 10 blocks in the Norwegian Sea, and 38 in the Barents Sea, the Norwegian Offshore Directorate said in a separate release. Applications can be submitted for all available blocks or parts of blocks within the predefined areas. “Norway’s oil and gas industry is vital to Norway and to Europe. Today, the Government is announcing new exploration acreage in APA in order to further develop the petroleum sector, so that it can continue to create substantial value for society, provide the basis for good jobs throughout the country, safeguard our common welfare, and contribute to Europe’s energy security and safety,” said Prime Minister Jonas Gahr Støre. The announcement includes acreage that companies nominated for the 26th licensing round in autumn 2025. A 26th licensing round will therefore not be held in 2026. The Ministry will continue its work on the 26th licensing round. Earlier this year, 19 oil and gas companies were awarded production licenses on the Norwegian Continental Shelf as part of Norway’s APA 2025 licensing round.

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Equinor signs FEED agreement for Bay du Nord FPSO

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ExxonMobil posts $4.2-billion first-quarter earnings amid Middle East disruptions

Exxon Mobil Corp. reported first-quarter 2026 earnings of $4.2 billion, according to results released May 1. Earnings totaled $4.9 billion excluding identified items, and $8.8 billion when also excluding unfavorable estimated timing effects. First-quarter earnings declined from $7.7 billion in the same period of 2025. However, earnings excluding identified items and timing effects were up from $7.6 billion a year earlier. Unfavorable estimated timing effects totaled $3.9 billion, reflecting the mismatch between the valuation of financial derivatives and the associated physical transactions, resulting in a timing difference in earnings that unwinds in subsequent periods. Identified items of $0.7 billion were attributed to losses on settled financial hedges that were not offset by the associated physical shipments due to Middle East supply disruptions. Cash flow from operations was $8.7 billion, or $13.8 billion excluding margin postings, which primarily fluctuate with the fair value of underlying derivatives. Free cash flow totaled $2.7 billion. Shareholder distributions reached $9.2 billion, including $4.3 billion in dividends and $4.9 billion in share repurchases, in line with plans to repurchase $20 billion of shares in 2026, assuming reasonable market conditions. Exxon’s cash capital expenditures totaled $6.2 billion for the quarter, consistent with the company’s full-year guidance of $27-29 billion. Iran war disruptions Chairman and chief executive officer Darren Woods emphasized the company’s underlying performance, stating that results excluding timing effects reflect the strength of the company’s advantaged portfolio. Stay updated on oil price volatility, shipping disruptions, LNG market analysis, and production output at OGJ’s Iran war content hub. During the earnings call, Woods said markets have not yet fully reflected the impact of Middle East supply disruptions, as inventories and strategic reserves have temporarily offset losses. He said even if the Strait reopens, it could take 1-2 months for flows to normalize, with additional demand from inventory

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EIA: US crude inventories down 6.2 million bbl

US crude oil inventories for the week ended Apr. 24, excluding the Strategic Petroleum Reserve, decreased by 6.2 million bbl from the previous week, according to data from the US Energy Information Administration (EIA). At 459.5 million bbl, US crude oil inventories are about 1% above the 5-year average for this time of year, the EIA report indicated. EIA said total motor gasoline inventories decreased by 6.1 million bbl from last week and are 2% below the 5-year average for this time of year. Finished gasoline inventories and blending components inventories both decreased last week. Distillate fuel inventories decreased by 4.5 million bbl last week and are about 11% below the 5-year average for this time of year. Propane-propylene inventories decreased by 1.1 million bbl from last week and are 62% above the 5-year average for this time of year, EIA said. US crude oil refinery inputs averaged 16.1 million b/d for the week ended Apr. 24, 85,000 b/d more than the previous week’s average. Refineries operated at 89.6% of capacity. Gasoline production decreased, averaging 9.8 million b/d. Distillate fuel production decreased, averaging 4.9 million b/d. US crude oil imports averaged 5.8 million b/d, down 329,000 b/d from the previous week. Over the last 4 weeks, crude oil imports averaged 5.9 million b/d, 0.7% more than the same 4-week period last year. Total motor gasoline imports averaged 344,000 b/d. Distillate fuel imports averaged 126,000 b/d.

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‘If this isn’t the time to grow:’ Diamondback lifts 2026 production, capex targets

To fund the additional activity, executives recalibrated the 2026 capex budget to about $3.9 billion, up from $3.6-3.9 billion. The plan, they told analysts, is to bring online some of the company’s inventory of drilled-but-uncompleted (DUC) wells this quarter before rebuilding the DUC count to about 200 by yearend.  Maintaining oil production at 521,000 b/d for the year would grow Diamondback’s output nearly 5% higher than 2025. It also would produce a windfall for the company’s coffers: Van’t Hof and his team now are forecasting Diamondback’s 2026 adjusted free cash flow will top $8.3 billion compared with the February estimate of $4.7 billion. Van’t Hof’s commentary and Diamondback’s plans are the most aggressive so far from leaders of publicly traded exploration and production companies during the first-quarter earnings season. Executives at Chevron Corp., ConocoPhillips and ExxonMobil Corp. were more cautious after their reports last week, saying they’re not willing—or at least not yet—to significantly ramp production because of the uncertainty around the situation in the Middle East and the possible resumption of supply from Gulf nations. Diamondback’s plans now call for the addition of 2-3 rigs that will allow the operator to ramp up Midland basin Barnett assets as well as a fifth completion crew. But Van’t Hof also told analysts his team isn’t ready to adjust its mid-cycle pricing assumptions because of the Iran war. Instead, he said, he’s more focused on positioning Diamondback as a low-cost producer with plenty of inventory because “there’s certainly a case to be made for energy security becoming a much more important thing.” “Wearing my oil hat, that probably means more storage, more landed storage versus storage that you can buy […] somewhere that’s in a riskier geopolitical area,” he added. “I think that means the US barrel is more important than it’s

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Equinor brings Eirin field online, exporting gas to Europe

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