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TAE Technologies exceeds fusion reactor performance goals by 250% as company closes $250M round; $1.2B to date

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TAE’s fifth-generation reactor, Norman, was unveiled in 2017 and was designed to keep plasma stable at 30 million degrees Celsius. Goldman Sachs served as the exclusive financial advisor in connection with the Series G-2 financing round. billion for its commercial fusion development.

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Oil Majors’ Costs Have Risen 66% Since 2011

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The slight uptick in costs expected in 2017 is a rounding error compared to the reductions over the past half-decade. Apex put together a proprietary index that measures cost pressure for the “supermajors” – ExxonMobil, Royal Dutch Shell, Chevron, Eni, Total and ConocoPhillips. But that is just for shale drilling.

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Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

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The completion of Chevron’s Big Foot project in the Gulf of Mexico will be pushed back by a few years because of equipment problems. By 2017, the company says it will cease deepwater exploration and will sell off its offshore leases that it does not plan on developing. Maintaining access to finance can come at a price.

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