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

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

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

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?

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

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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Time to tap KP’s 30,000MW hydropower potential for growth

 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 of Rs63 billion) has been generated so far and approximately 10,000mw is in different stages of implementation with potential to generate about Rs100 billion revenue annually whereas 14,000mw still remain…

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Sino-Pak biomass energy’s cooperation imperative: Zhang

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 clean energy to fill the energy gap.According to Zhang Dayong, biomass energy, generated by utilizing effluent and waste, has become one of the most commonly used renewable sources of energy…

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NTDC to install anti-fog insulators to prevent tripping

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 pain from tripping of the main 500kv and 220kv transmission lines, which resulted in prolonged power outages in Punjab and the federal capital. MINISTER DIRECTS NTDC TO RECTIFY FAULT SWIFTLY…

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Saudi crown prince launches zero-carbon city in Neom business zone

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 be able to house a million residents in “carbon-positive urban developments powered by 100 per cent clean energy”. “Why should we sacrifice nature for the sake of development?” Prince Mohammed…

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Country back to normalcy after blackout

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 been restored in Peshawar, Islamabad, Jhelum, Gujarat, Sargodha, Sialkot, Faisalabad, Gujranwala, Lahore, Sheikhupura, Okara, Sahiwal, Multan, Rahim Yar Khan, Bahawalpur, Dharki, Guddu, Rohri, Shikarpur, Dera Murad Jamali, Sibi and Quetta…

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