Year: 2021

China goes full throttle on green energy transition to achieve carbon neutrality

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China is the world’s largest producer and consumer of energy, with fossil fuels making up about 85 per cent of the energy structure. China has vowed to attain carbon dioxide emissions peak before 2030 and achieve carbon neutrality before 2060. The country is going full throttle to develop new energy resources and increase their proportion in primary energy consumption nationwide, which are expected to lighten the burden on the environment and ecosystems and provide practical solutions to mitigating soil, surface water and air pollutions, said Lei Yizhu, head of Guizhou’s…

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UAE, Saudi reach compromise: OPEC+ agrees oil supply boost

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The group, which includes OPEC countries and allies like Russia, crucially agreed new production allocations from May 2022 after Saudi Arabia and others agreed to a request from the United Arab Emirates (UAE) that had threatened the plan. “We are happy with the deal,” UAE’s Energy Minister Suhail bin Mohammed al-Mazroui told a news conference. Saudi energy minister Prince Abdulaziz bin Salman declined to answer questions on how the compromise was reached. OPEC+ last year cut production by a record 10 million barrels per day (bpd) amid a pandemic-induced slump…

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Despite price hike: Petrol and diesel still cheaper

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In dollar terms, petrol and diesel prices have come down over the last four to five months, although international prices have increased over the same period. On February 15, Pakistan’s petrol prices were at $0.729 per litre and diesel prices at $0.703 per litre and on July 12, prices came down to $0.707 per litre for petrol and $0.715 per litre for diesel. The current increase of Rs5.40 and Rs2.54 in petrol and diesel prices respectively has kept price dynamics the same. The lower income group is protesting as it…

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Engineer Farah Fahim awarded $2.5M to advance AI-on-chip for data processing

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To solve mysteries of the universe, scientists use powerful particle accelerators and detectors. These enormous machines generate millions of particle collisions and petabytes of data every second. The sheer amount of data outpaces the rate at which the detector can transfer it — a growing problem with even more advanced experiments on the horizon. The U.S. Department of Energy awarded Fermilab engineer Farah Fahim, Ph.D., an Early Career Research Award to work on a solution. She’ll apply the $2.5 million grant to her work, which uses neural networks and machine…

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Oil And Gas Is Booming In The Land Of Enchantment

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New Mexico, the Land of Enchantment, was concerned when Biden’s pause on oil and gas drilling leases took hold, but six months into the new administration the state’s oil industry continues to go from strength to strength. After uncertainty about political decisions concerning oil and gas, following a year of low demand that drove down both oil prices and production levels, New Mexico has surpassed North Dakota as the second-largest oil producer in the U.S. following a boost in oil production this spring, not seen since the pre-pandemic period. At…

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