China Sees Record-Breaking Electricity Consumption In August

China’s electricity consumption hit a record this month after rising steadily since the start of summer, the People’s Daily reported, noting that the trend suggested a robust recovery in economic activity in Asia’s second-largest economy. Electricity consumption in the manufacturing sector has specifically posted a marked recovery since July, reversing a negative consumption trend from the first half of the…

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North Sea Oil Faces A Drilling Rig Supply Crunch

The oil price collapse and deferred drilling campaigns have shrunk the available supply of drilling rigs in the North Sea to the point where operators now face a supply crunch for semisubmersible rigs for next year’s drilling campaigns off the UK, offshore rig brokerage and advisory Bassoe Offshore said in a recent analysis. The price crash and the capital expenditure (capex) cuts…

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Is A Major Oil Price Breakout On The Horizon?

U.S. West Texas Intermediate crude oil futures are trading slightly better on Friday as Hurricane Laura moved beyond the heart of the U.S. oil industry in Louisiana and Texas without causing any major damage to production and refining facilities. With refineries spared from feared massive flooding, the initial assessment shows no damage to the upstream or downstream facilities. Additionally, crude…

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Hydel power surpasses 8,500MW

Hydroelectricproject

Electricity generation by the hydel power stations owned and operated by Pakistan Water and Power Development Authority (Wapda) surpassed 8,500 megawatts for the first time in Pakistan as Wapda provided 8,757MW to the national grid during peak hours. Previously, the record of hydel power generation was 8,474MW, which was delivered to the system on September 11 last year. Electricity generation…

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New climate economy

THE Karachi floods have exposed Sindh’s lack of preparedness for climate disasters. We’ve seen similar knee-jerk reactions during heatwaves, droughts, floods and cyclones, repeatedly crippling the provincial economy. Pakistan’s development strategists have failed to effectively respond to the climate crisis. Sindh leads in this grand failure, where despite decades of development investments, climate vulnerability and the poverty trap have befallen…

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Bill Gates’ nuclear venture plans reactor to complement solar, wind power boom

A nuclear energy venture founded by Bill Gates said Thursday it hopes to build small advanced nuclear power stations that can store electricity to supplement grids increasingly supplied by intermittent sources like solar and wind power. The effort is part of the billionaire philanthropist’s push to help fight climate change, and is targeted at helping utilities slash their emissions of…

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The Ultimate List of Opportunities for Young Leaders working towards the Sustainable Development Goals

World Summit Awards 2020: Promoting Local Digital Innovation with High Impact on improving SocietyThe World Summit Awards are a unique awards system, selecting and promoting local digital innovation with high impact on improving society. Is a non-monetary award system with a focus on sustainable knowledge transfer through a worldwide network. Winners benefit not from a one-time financial reward, but a…

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