Day: February 4, 2025

Simple Code Changes Could Cut Data Centre Energy Use by 30%, Study Finds

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New-Project42

Feb 4 (TechRepublic) – Researchers at the University of Waterloo, Canada, have discovered that data centres could slash energy consumption by up to 30% with a minor tweak—rewriting just 30 lines of code in the Linux kernel’s network stack. The study highlights inefficiencies in how servers handle incoming network traffic, paving the way for major energy savings. Optimizing CPU Efficiency with Interrupt Request SuspensionThe breakthrough hinges on interrupt request (IRQ) suspension, a technique that enhances CPU efficiency by reducing unnecessary disruptions during peak network traffic. Normally, when a data packet…

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Oil Prices Slip as U.S. Pauses Tariffs on Mexico, Canada; OPEC+ Supply Outlook Weighs

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Oil prices

Feb 4 (Reuters) – Oil prices fell on Tuesday after U.S. President Donald Trump delayed a decision on steep tariffs for Mexico and Canada, the country’s largest foreign oil suppliers. Meanwhile, concerns over increased OPEC+ production from April added further pressure to prices. Market Movement: Brent crude declined 50 cents (0.7%) to $75.46 per barrel by 0432 GMT.U.S. West Texas Intermediate (WTI) crude dropped 89 cents (1.2%) to $72.27 per barrel.The tariff pause comes after Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum agreed to tighten border enforcement…

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Pakistan Secures $1.2 Billion Saudi Oil Facility as Inflation Hits Nine-Year Low at 2.4%

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Saudi-Oil

Islamabad: In a significant development aimed at stabilizing Pakistan’s economy and ensuring a steady supply of petroleum products, the Kingdom of Saudi Arabia (KSA) has signed a Memorandum of Understanding (MoU) with Pakistan for a $1.2 billion Saudi Oil Facility (SOF) for one year. Under the agreement, Saudi Arabia will provide Pakistan with deferred oil payments at a 6% markup, with the facility expected to become operational in March 2025. This arrangement will help Islamabad meet its external financing obligations under the International Monetary Fund’s (IMF) $7 billion Extended Fund…

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Tariq Electric Hosts Grand Event Showcasing ABB’s Latest Innovations

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New-Project41

Lahore: Tariq Electric (Pvt) Ltd, a licensed panel builder and official channel partner of ABB, hosted a prestigious event in Lahore, unveiling ABB’s latest product line and cutting-edge electrical solutions. The gathering brought together senior industry professionals, renowned consultants, and key stakeholders from the energy and electrical sectors. A keynote address by Mr. Sean Barnicle from ABB Italy was the highlight of the event, offering in-depth insights into ABB’s state-of-the-art innovations. His presentation focused on groundbreaking technologies such as VD4 Digital (VCB), SENPLUS (Type Tested LV Switchgear), and SF6 /…

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Nepra Holds Public Hearing on 220MW Hybrid Project Today SITE Neutral Project Receives Record-Low Tariff Bid of 3.09 Cents/kWh

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circular-debt-K-electric-ceo

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) is set to hold a public hearing today on the approval of the 220-megawatt SITE Neutral Hybrid Project, a pioneering initiative in Pakistan’s renewable energy sector. K-Electric (KE) will present its stance on the project, which has secured the lowest tariff bid of 3.09 cents per kilowatt-hour (kWh) from Canadian firm JCM Power. KE received the bid in August 2024, followed by the submission of a bid evaluation report to Nepra in September. With bid bond validity nearing expiration, swift regulatory approval…

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