Day: September 1, 2020

Venezuela Faces The Real Possibility Oil Production Dropping To Zero

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Venezuela once considered one of Latin America’s prosperous countries has plunged into the abyss. Years of economic mismanagement, cronyism and corruption have sparked a monumental economic collapse which saw the oil rich country become one of the poorest in South America. There are emerging signs that Venezuela is on the verge of becoming a failed state. Oil plays a dominant role in Venezuela being responsible for almost all export income and a significant proportion of gross domestic product. The oil rich Latin American country’s once mighty petroleum industry, which long…

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Wind farm plan adds solar and battery energy storage in the Tri-Cities

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BENTON COUNTY, Wash. – Scout Clean Energy (“Scout”), announced plans to add solar and battery storage components to a proposed wind farm that would be located just south of the Tri-Cities in Benton County, Washington. The innovative development will combine wind energy, solar energy, and battery energy storage in the same location – making more renewable energy available to customers during lower wind periods, and for short durations when the sun is not shining, and the wind is not blowing.  “Throughout the development process, our team has been diligently examining…

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Climate change: Power companies ‘hindering’ move to green energy By Matt McGrath

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New research suggests that power companies are dragging their feet when it comes to embracing green energy sources such as wind and solar. Only one in 10 energy suppliers globally has prioritised renewables over fossil fuels, the study finds. Even those that are spending on greener energy are continuing to invest in carbon heavy coal and natural gas. The lead researcher says the slow uptake undermines global efforts to tackle climate change. In countries like the UK and across Europe, renewable energy has taken a significant share of the market,…

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Physical work on two private sector LNG terminals to commence in few months Share:

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ISLAMABAD -Two multinational companies are all set to start physical work on setting up their Liquefied Natural Gas (LNG) terminals during next few months after the government opened up the energy sector under its ease-of-doing-business strategy. “The government had allowed five private sector companies to establish their own LNG terminals, out of which two firms Exxon Consortium and Mitsubishi will start physical work on their projects before end of the current year,” a senior official privy to petroleum sector developments told APP. All agreements, permissions and arrangements in that regard…

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ICAP signs MoU with IBA on launch of ICAP-IBA Research Unit

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ICAP signs MoU with IBA on launch of ICAP-IBA Research Unit KARACHI: To promote research in the field of Accounting and Finance, the Institute of Chartered Accountants of Pakistan (ICAP) and Institute of Business Administration laid the foundation of ICAP-IBA Research Unit (IIRU). The two institutes expressed their intention to promote research and development in Pakistan by attracting and retaining outstanding scholars having research interest in the areas relevant to the profession, including finance, accounting, auditing, corporate governance and taxation. ICAP and IBA sponsors of the IIRU will provide the…

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