##### 29 March 2019

A new report from BCC Research, “Oilfield Exploration & Production Markets: A BCC Research Outlook,” estimates that by 2023, the global market for oilfield exploration and production will reach $530.8 billion, up from$387.8 billion in 2018, indicating a compound annual growth rate (CAGR) of 6.5%. Top leaders in oil... Read more →

By Cyril Widdershoven for Oilprice.com. The long-awaited Saudi Aramco acquisition of Saudi Basic Industries Corporation (SABIC) is finally here. With a statement to the press, Aramco CEO Amin Nasser reported that Aramco has acquired a 70 percent stake in SABIC, with an estimated value of $69.1 billion. Aramco’s CEO Nasser... Read more → ## BP commits$100M to fund new emissions reductions projects in upstream oil and gas ops

##### 28 March 2019

The US Department of Energy (DOE) announced funding selectees for multiple domestic advanced nuclear technology projects. Four projects in two states will receive varying amounts for a total of approximately $19 million in funding. The projects are cost-shared and will allow industry-led teams, including participants from federal agencies, public and... Read more → The European Parliament, Council and Commission (the EU institutions) reached a provisional political agreement on the revised General Safety Regulation. As of 2022 a suite of 15 new safety technologies will become mandatory in European vehicles to protect passengers, pedestrians and cyclists. The European Commission expects that the proposed measures... Read more → SNS Telecom & IT’s latest research report indicates that global spending on V2X (Vehicle-to-Everything) communications technology—based on both IEEE 802.11p and C-V2X (Cellular V2X) standards—will reach$1.2 billion annually by the end of 2022. V2X communications technology allows vehicles to directly communicate with each other, roadside infrastructure, and other road... Read more →

The US Department of Energy (DOE) announced up to $130 million for new research to advance early-stage solar technologies (DE-FOA-0002064). This funding program targets five research areas: photovoltaics (PV); concentrating solar-thermal power (CSP); soft costs reduction; innovations in manufacturing; and solar systems integration. These projects are intended to make solar... Read more → ## Innoviz Technologies raises$132M in Series C funding to accelerate solid-state lidar production; total funding reaches $214M ##### 26 March 2019 Innoviz Technologies, a provider of high-performance, solid-state lidar sensors and perception software, raised$132 million in Series C funding. The round is marked by the entrance of new major investors China Merchants Capital (SINO-BLR Industrial Investment Fund, L.P.), Shenzhen Capital Group and New Alliance Capital; and Israeli institutional investors Harel... Read more →

Electric aviation technology company magniX and Harbour Air, North America’s largest seaplane airline, announced a partnership to transform Harbour Air seaplanes into an all-electric commercial fleet powered by the magni500, a 560 kW (751 shp) all-electric motor that delivers 2,814 N·m of torque. magni500 Operating 12 routes between hubs such... Read more →

by Michael Sivak. In this analysis, I examined the relation between crude-oil production and crude-oil reserves in the world and in the United States. The variable of interest was the amount of crude oil produced as a percentage of proved reserves of crude oil. (This variable is inversely related to... Read more →

Catalytic converters have been used in the US since the 1970s as a way to clean up pollutants from vehicle exhaust. In the catalytic process, rare metals such as platinum, are used in a chemical reaction to convert carbon monoxide and other pollutants to non-toxic carbon dioxide, nitrogen, and water.... Read more →

Researchers at MIT and in China are proposing a new class of dense intercalation-conversion hybrid cathodes by combining intercalation-type Mo6S8 with conversion-type sulfur (HMSC) to realize a Li–S full cell. In a paper in Nature Energy, the researchers report that the mechanically hard Mo6S8 with fast Li-ion transport ability, high... Read more →

About 2.5 billion gallons of produced water—a byproduct from the oil refinery and extraction process—is generated each day in the United States. Handling that water is a major challenge in the oil refinery industry, particularly because it is deemed unusable for household and commercial use by the Environmental Protection Agency... Read more →