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Chevron to proceed with $4B Jansz-Io subsea compression project

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Chevron announced that its wholly owned subsidiary Chevron Australia Pty Ltd. Chevron Australia) as operator and the Gorgon joint venture participants will proceed with the approximately $4-billion (AU$6 billion) Jansz-Io Compression (J-IC) project.

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Chevron invests in nuclear fusion start-up Zap Energy

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Chevron Corporation made a Series A investment in Zap Energy Inc. , Founded in 2018, Zap Energy’s technology stabilizes plasma using sheared flows rather than magnetic fields to confine and compress the plasma. It is now backed by an energy and technology-focused investor base, including Chevron.

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Benchmark: Saudi Arabia is building an EV battery supply chain

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Although the Saudi government has been investing into the EV sector since 2018, the midstream and upstream segments are still in their early stages, Benchmark noted. It will supply EV and energy storage systems (ESS) markets in the Middle East and North Africa region. Novonix will own 40% of the JV, and TAQAT the remainder.

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Optimus Technologies closes $17.8M Series A to advance Vector System for heavy-duty engines on 100% biodiesel

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The round included participation from one of North America’s largest commercial fleets, Chevron Renewable Energy Group, and Pittsburgh regional investors including: Idea Foundry, Inc., ​ Optimus Technologies recently announced a $17.8-million million Series A funding round led by Mitsui & Co. out of Tokyo, Japan.

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bp starts oil production at Argos platform in the Gulf of Mexico; first new platform since 2008

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Construction on Argos began in March 2018 at Samsung Heavy Industries shipyard in South Korea. Co-owners include Woodside Energy (23.9%) and Union Oil Company of California, an affiliate of Chevron USA Inc. More than 15 million hours of work went into building the platform there. bp is the operator with 60.5% working interest.

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Mercom: battery storage, smart grid, and efficiency companies raise $210M in VC funding in Q1 2019, down 55.5% YoY

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decrease from the $472 million raised in Q1 2018, according to a new report from Mercom Capital Group, llc, a global clean energy communications and consulting firm. Total corporate funding (including VC, debt, and public market financing) in battery storage came to $130 million in nine deals compared to $110 million in 14 deals in Q4 2018.

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Gevo joins SFO consortium to advance sustainable aviation fuel (SAF)

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The consortium, initially formed in September 2018, is the first of its kind to include fuel suppliers, airlines, and airport agencies in a collaborative effort to accelerate the global transition to SAF. Earlier post.).

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