Month: August 2020

Mangla, Tarbela dams filled to maximum capacity Record 13.336 MAF water available in dams; good omen for agriculture, hydropower

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The two mega water reservoirs of Mangla and Tarbela have been filled to their maximum capacity last night, resulting in the record availability of water in the two dams, which is being regarded a good omen for agriculture and hydel power generation in Pakistan in the days to come. The cumulative quantum of water available at present in Mangla and Tarbela reservoirs stands at 13.336 million acre feet (MAF) which is a record of water availability during the last 10 years. According to the statistics, water level in Mangla and…

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The Collapse Of Oil Price Volatility

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For two months, the oil market has been incredibly boring. Brent futures have not moved more than $1 per barrel in either direction over a single day for seven consecutive weeks. The OPEC+ cuts have stabilized the physical market, and money managers have placed bets on options that pay off with lower volatility. According to the Wall Street Journal, so-called “strangles” have suppressed implied volatility. Implied volatility has declined from a peak of 345 percent on April 21 (when oil prices went negative) to just under 30 percent by late…

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Tesla Thwarts Serious Cyberattack On Nevada Gigafactory

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Tesla’s Gigafactory in Nevada was a target of attempted and thwarted cyberattack, Elon Musk said, describing the attempt as “a serious attack.” Musk confirmed there was an attempted cyberattack, in reply to an article tweeted by Teslarati, which described how a Russian national had contacted an unnamed Russian-speaking, non-US citizen working at Tesla’s Gigafactory Nevada, offering to pay him US$1 million to insert malware in Tesla’s network, extract data, and demand ransomware. After meeting with the Russian national who had offered the money, Tesla’s employee reported the planned cyberattack to…

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Australia Looks To Take The Lead In The Hydrogen Boom

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Over the past decade, the European Union has widely been viewed as being ahead of the renewables curve, and it recently-launched new hydrogen strategy has only served to cement its credentials. The EU has a highly ambitious plan to install 40 gigawatts of electrolyzers within its borders and support the development of another 40 gigawatts of green hydrogen in nearby countries by 2030 that can export to the EU. That is a good 320x the current global installed capacity of 250 MW. But one desert country could soon make the EU’s hydrogen plans…

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While U.S. Pipelines Are Under Siege, China Streamlines Its Oil and Gas Network

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While pipelines in the United States face increasingly hostile legal challenges, China is seeing the importance of a national oil and natural gas pipeline network and is buying pipelines and storage facilities valued at 391.4 billion yuan ($55.9 billion). PipeChina was created in December 2019 to consolidate pipeline assets from the country’s state-owned oil and gas companies, as part of China’s reforms to incentivize domestic exploration and production. … China has recognized the necessity for an efficient and accessible pipeline network to further its expansion of oil and natural gas and…

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