The self-driving EV race is officially on. And as competition begins to pop up globally, joint ventures and partnerships are being struck almost daily as players from tech and legacy automotive rush to pair together in order to get products to the market as quickly as possible. The latest tie-up comes from Chinese EV manufacturer NIO, who announced it was partnering with…
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The year 2020 is already unforgettable in many ways. The Covid-19 pandemic brought the world to a standstill. With the economy on hold, energy consumption has plummeted including demand for LNG. The price of the supercooled fuel reached unprecedented lows in the spring of 2020. Within a year, however, the revitalization of the market is a fact. Prices in especially…
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ISLAMABAD: As many as five candidates, including one top former bureaucrat, are in the race for the position of Oil and Gas Regulatory Authority (Ogra) chairman. Initially, a special committee, headed by close aide of Prime Minister Imran Khan, had shortlisted 24 candidates. After interviewing these candidates, the committee has shortlisted five candidates including former secretary Dr Tanvir Qureshi. Officials…
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As the outlook for oil is uncertain for 2021, following a turbulent 2020, companies look toward new technologies and innovation to drive the industry forward. From Houston to Scotland, we are seeing more and more firms come up with innovative solutions for the digital transformation of oil; with some unexpected companies getting involved in the $3.3 trillion global energy industry.…
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With climate change and resource scarcity looming, the global green technology sector is leading the charge to create a cleaner energy future. Green technology (greentech) is a broad term for innovative companies that are working toward carbon-neutral solutions for a sustainable planet. In tandem with its historically hydrocarbon-powered economy, the UAE is now a pioneer in energy diversification, launching some…
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Naturally blessed with enormous hydropower resources, Khyber Pakhtunkhwa is a unique province where 30,000 megawatt (MW) of hydropower potential has been identified that could easily meet the energy demands of domestic, agriculture and industrial sectors besides making Pakistan energy surplus. Out of 30,000mw hydropower potential identified by the KP Energy Department, only 6,000mw (33,000 Gigawatt hours (GWh) having generation cost…
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Sino-Pak biomass energy’s cooperation could help to mitigate climate change, said Zhang Dayong, secretary-general of the Biomass Energy Industry Part Association (BEIPA).Biomass energy cooperation could be a new starting point between the two countries under CPEC, he said in an interview to Gwadar Pro. He viewed that the de-coal initiative launched by PM Imran Khan requires the country to develop…
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The National Transmission and Despatch Company (NTDC) has announced that it will install anti-fog disc insulators at Port Qasim, Karachi. The move comes after the electricity distributor faced severe criticism in the past 72 hours following tripping of some power plants and a few 500-kilovolt transmission lines. This is not for the first time that the NTDC is feeling the…
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Saudi Arabia’s crown prince unveiled plans on Sunday to build a zero-carbon city at Neom, the first major construction project for the $500 billion flagship business zone aimed at diversifying the economy of the world’s largest oil exporter. Prince Mohammed bin Salman, in a rare televised appearance, said the city, known as “The Line”, would extend over 170 kilometres and…
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KARACHI: The National Transmission and Despatch Company (NTDC) on Sunday night claimed that it has “fully restored” its transmission system whose fault on Saturday night threw the entire country into darkness. “The NTDC grid stations of 220kV and 500 kV and transmission system have been fully restored across the country,” the NTDC spokesman said in a press statement. “Power has…
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