Author: Admin

Lei Zhang, Founder and Chief Executive Officer of Envision Energy, has been named the recipient of the Energy Institute’s 2026 President’s Award — the organisation’s highest honour — in recognition of his transformative contributions to the global energy transition. In announcing the award, the Energy Institute (EI) highlighted Envision’s role in reshaping the global energy landscape by aligning decarbonisation with economic growth and long-term prosperity. Zhang was recognised for framing the energy transition not as a constraint, but as a systems-level challenge and economic opportunity — one that demands innovation,…

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ISLAMABAD: A reported $60 billion investment by India in water storage infrastructure along the western rivers — the Jhelum River and the Chenab River — has sparked serious concerns in Pakistan over potential water security risks, including the possibility of engineered floods and droughts. At a recent federal-provincial dialogue on water storage projects, Chairman of the Water and Power Development Authority (Wapda), retired Lt Gen Muhammad Saeed, reportedly informed participants that India’s planned investments could expand its storage capacity on the two rivers from roughly 15 days at present to…

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JERUSALEM: The conflict between Iran and the US-Israel alliance escalated dramatically on Sunday after Iran confirmed the assassination of Supreme Leader Ali Khamenei in a joint US-Israeli airstrike — a development that has plunged the region into one of its most dangerous crises in decades. Iran declared 40 days of national mourning and announced seven public holidays following the death of the leader who had held ultimate authority since 1989. Iranian state media reported that Khamenei was killed while working in his office during Saturday’s coordinated strikes. In retaliation, Iranian…

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Global oil prices spiked sharply after US and Israeli military strikes on Iran escalated tensions in the Middle East, raising fears of supply disruptions and a potential closure of the Strait of Hormuz — a critical artery for global energy trade. Brent crude jumped 10 percent in over-the-counter trading on Sunday to around $80 per barrel, traders said. The benchmark had already climbed to $73 on Friday — its highest level since July — amid growing speculation of military escalation. Futures markets remain closed over the weekend. Energy analysts warned…

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