18 September, 2026 Floating Data Centre Race: 6.5 MW → 200 MW in Five Years Why offshore: Land • Grid • Cooling UNIT COST 🇨🇳 $9.4K/kW — Shanghai HiCloud / Hailanyun — 24 MW 🇺🇸 $3.6K/kW — Hockema — 25 MW 🇺🇸 $6.9K/kW — Nautilus Stockton — 6.5 MW $6.6K/kW — Simple average* TECHNICAL VALIDATION CAPACITY 🇺🇸 6.5 MW critical IT — Nautilus — Operational since 2021 [6] 🇨🇳 2.3 MW live → 24 MW planned — Shanghai HiCloud / Hailanyun — Operational / Expansion [1] 🇯🇵 20–73 M

August 2,2026 Key observations Global refining capacity increased from 88 → 104 Mmbpd (+18%). Global refinery throughput increased from 77 → 83 Mmbpd (+8%). Around 40% of global refining capacity is now located in Asia, reflecting the continued shift of global refining investment. China, India and Russia increased their combined refining capacity from 15 → 31 Mmbpd (+107%), with China contributing +11 Mmbpd of the total increase. The United States maintained broadly stable re

1 September 2026 Data Centres: $500bn Investment — The New Energy Customer Key Points Investment nearly doubled in two years → $500bn in 2024 For Comparison: Upstream Oil & Gas — $570bn Electricity Demand (2024–2030): 415 → 945 TWh Installed Capacity (2005–2025): 21 → 114 GW Growth Drivers: IT → Cloud → AI Power Package Scale-Up: 26 → 200 → 2,000 → 5,000 MW How Data Centres Are Powered Coal — 30% Renewables — 27% Natural Gas — 26% Nuclear — 15% Infrastructure Constraints Chip

14 August 2026 Onshore Gas Pipeline CAPEX (2005–2030) Key facts: • Conventional: $4.5M/km (15 projects) • Mountains: $15.1M/km (4 projects) • Arctic/Sub-Arctic: $7.9M/km (4 projects) Conventional 🇺🇸 2008 — Southeast Supply Header | 435 km | 42″ | $3.6M/km 🇺🇸 2009 — Gulf Crossing | 568 km | 42″ | $3.0M/km 🇺🇸 2011 — Tiger Pipeline | 282 km | 42″ | $5.5M/km 🇺🇸 2011 — Fayetteville Express | 301 km | 42″ | $4.8M/km 🇺🇸 2017 — Trans-Pecos + Comanche Trail | 544 km comb

EU wind and solar generated more than gas for the first time. Source: Annual electricity data, Ember Summary: Is oil and gas exploration returning to Europe's agenda? In the short term (2024–2026), we will see targeted project revival driven by energy security logic. However, in the medium term (toward 2030) and beyond, this trend will collide with the overriding force of the EU Green Deal, the exponential growth of renewables, and tightening financial constraints. The futur