Day: January 11, 2021

EV Maker Nio Partners With Nvidia To Create Self-Driving ‘Supercomputers’

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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 chipmaker NVIDIA this weekend to “develop a new generation of automated driving electric vehicles”. “NIO, a pioneer in China’s premium smart electric vehicle market, and NVIDIA announced today that the…

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Why Asian LNG Prices Are Going Through The Roof

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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 Asia have reached astronomic heights due to a combination of factors.  The most important LNG buyers-markets are in Asia and Europe. The latter, however, also enjoys a well-developed crossborder pipeline infrastructure…

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Five candidates in race for OGRA top slot

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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 familiar with the development said that the Cabinet Division would seek clearance of the shortlisted candidates from the intelligence agencies. Earlier, the special committee had also undergone a process of…

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Can Tech Save The Oil Industry?

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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. As thousands lost their jobs across the oil industry in 2020, it became clear that energy companies had to embrace change, to modernize oil strategies continuing into the new decade.…

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UAE and Britain powering ahead to green energy targets

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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 of the world’s most innovative solar, wind and waste-to-energy projects. Home to a growing population and rising energy demand, the UAE is leveraging its abundant renewable resources and global technology…

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