Oil industry to maintain momentum in 2018, Moody's says | Cell Design purchased by Kite, Gilead for $567M | Lease sale in Alaska petroleum reserve draws little interest
December 12, 2017
AICHE SmartBrief
Business and technology news exclusively for chemical engineers
Business Update
Oil industry to maintain momentum in 2018, Moody's says
Oil industry to maintain momentum in 2018, Moody's says
(David Hecker/Getty Images)
The oil and natural gas industry is expected to continue on its growth trajectory next year even though production increases will likely keep oil prices in the $40-to-$60-per-barrel range through 2019, according to the Moody's oil outlook for 2018. Exploration and production companies and oilfield service firms could see earnings rise by 10% to 12% in 2018, with the North American onshore market providing the best opportunities for growth.
Oil & Gas Journal (12/8) 
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Cell Design purchased by Kite, Gilead for $567M
Cell Design Labs was acquired by Gilead Sciences and Kite, Gilead's cell therapy subsidiary, in a deal worth up to $567 million. Cell's new technology platforms will enhance Gilead's research and development efforts in chimeric antigen receptor T-cell and other cellular therapies.
Genetic Engineering & Biotechnology News (12/8) 
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Lease sale in Alaska petroleum reserve draws little interest
The Bureau of Land Management's Wednesday lease sale in the National Petroleum Reserve in Alaska attracted just seven bids worth $1.16 million, compared with $18.8 million worth of bids received during last year's NPR-A lease sale. Meanwhile, a lease sale held Wednesday by the Alaska Oil and Gas Division for state land generated $19.9 million from more than 100 bids.
Reuters (12/6) 
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XOS — Online Chlorine Analysis
Residue chlorine content in desalted crude oil streams can be a serious issue due to its highly corrosive nature. Online monitoring of chlorine has an important economic aspect for the oil industry. An online total chlorine process analyzer based on Monochromatic Wavelength Dispersive X-Ray Fluorescence (MWDXRF®) has been developed for this purpose.
Chemical Technology News
Fujitsu crafts room-temperature bonding of diamond, SiC
Fujitsu has made it possible to bond single-crystal diamond material to a silicon carbide substrate at room temperature. The advance will help improve heat dissipation in high-power gallium nitride high-electron-mobility transistors, making them more stable, it was said.
Electronics Weekly (UK) (12/7) 
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Energy, Sustainability & Safety
Researchers aim for more energy-efficient grid
A research team led by MIT is redesigning gallium nitride power converter devices to handle up to 1,200 volts, an improvement that could benefit electric vehicles and other products. The goal is to make the electrical power grid more energy efficient, especially if those power converters can be further improved to deal with 3,300 to 5,000 volts.
Engadget (12/8) 
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Biological Engineering & Pharmaceuticals
Tattoo tells of toxins
MIT engineers used genetically programmed bacterial cells that light up in response to stimuli to fashion a temporary tattoo that alerts its wearer to the presence of toxins and pollutants. The researchers blended the bacteria with a hydrogel and nutrients to form an ink that can be run through a 3D printer to produce the tattoo.
Gizmodo Australia (12/7) 
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Other News
Materials & Nanotechnology
A. Schulman develops plastic-and-glass material for 3D printing
A. Schulman and Prodways Technologies have introduced a glass-containing plastic for 3D-printing applications. PA6-12T could be beneficial for makers of medical devices, motor vehicles and other products.
Crain's Cleveland Business (tiered subscription model) (12/3) 
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Other News
Education & Government Update
Interior Dept. postpones implementation of methane rule
The Bureau of Land Management said it would delay an Obama-era rule placing restrictions on methane emissions from oil and natural gas operations on federal and tribal lands until Jan. 17, 2019. The rule will be suspended to "avoid imposing likely considerable and immediate compliance costs on operators for requirements that may be rescinded or significantly revised in the near future," the BLM said.
Reuters (12/7) 
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Trump open to reform biofuel policy
The reform of the Renewable Fuel Standard could be on its way following confirmation of a meeting between President Donald Trump and nine senators. The Trump administration had ruled in favor of reforming the biofuels policy in a way that will protect jobs in the agriculture and refining industries.
Reuters (12/7) 
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Institute News
Free webinar tomorrow: How to safely sample heat transfer fluids
Tomorrow, Wednesday, Dec. 13, at 2 p.m. EST, Conrad Gamble, a technical service associate in Eastman's Therminol business unit, will deliver a free webinar entitled "How to Safety Sample Fluid From Heat Transfer Systems." The session will describe how to avoid common potential safety issues when sampling heat transfer fluid, which is important to detecting system malfunctions, fluid contamination, and other factors that can impact performance. Learn more.
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NCEES needs ChemE experts and advice
The National Council of Examiners for Engineering and Surveying (NCEES) is seeking licensed professional engineers practicing chemical engineering to participate in a professional activities and knowledge study for the Principles and Practice of Engineering (PE) Chemical exam. ChemEs can help by taking an online survey, the results of which will update specifications for the exam, which is used throughout the U.S. for licensing purposes. Find out more.
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Career Focus
Get a jump start on your 2018 job search
If you're looking to find a new job opportunity, first consider what your former colleagues are doing and reconnect with people who may have leads on job openings. Consider what companies you might want to look for and research the salary range for positions like yours so that you'll be prepared for your job search, writes Hannah Morgan.
U.S. News & World Report (12/7) 
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