Category: Highlights

For the year as a whole, NEA had already declared in June that it was expecting at least 108 gigawatts of photovoltaic capacity to be added. This could almost double the record from 2021 with just under 55 gigawatts. Given the current nine-month additions, the restrictions imposed by the Zero Covid policy seem to jeopardize the achievement of the goal. In view of the complex market situation, AECEA continues to assume that between 80 and 90 gigawatts will be added in China in 2022. This would also be an increase of between 45 and…

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Schlumberger (NYSE: SLB) is known as of Monday under its new name—SLB—to reflect its transformation from an oilfield services provider to a global technology company helping the energy transition, the world’s largest oilfield services provider said in a statement today. By rebranding to SLB, the company is dropping the family name of its founders, brothers Conrad and Marcel Schlumberger, who founded the firm in France in the 1920s. “Beginning today, the legacy Schlumberger brand and nearly all of its affiliated brands will become one under the new SLB brand, which introduces a refreshed visual…

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Pakistan on Monday proposed the inclusion of “Water Resources Management & Climate Change” as new area of cooperation under the framework of China Pakistan Economic Corridor (CPEC) for efficient water resources management, development of climate resilient infrastructure. The proposal was made in the third meeting of Joint Working Group (JWG) between the government of Pakistan and People’s Republic of China was held here on Monday to review the long-term plan of China Pakistan Economic Corridor (CPEC). The meeting was co-chaired by Secretary Ministry of Planning Development & Special Initiatives Syed…

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South Africa’s energy sector is still the most carbon-intensive among G20 countries, a recent report has found. The Climate Transparency Report 2022, released on Thursday, provides a country-specific analysis of the emissions and efforts to address climate change. The research draws on the expertise and assessments from 16 partner organisations across the G20 countries. It is based on data up until 2021. The report shows that South Africa’s per capita emissions (that is, the average emissions for a person) are 1.2 times greater than the G20 average of 7.5. This…

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Saudi Arabia, United Arab Emirates (UAE) and Pakistan are likely to set up a new refinery in the port city Gwadar, Balochistan with a heavy investment and the newly appointed Secretary Petroleum has called an important meeting in this regard on Monday. According to sources, newly-posted Secretary Petroleum Capt (r) Muhammad Mahmood has been striving hard to finalize the establishment of a new refinery in the country with the huge investment of Saudi Arabia and UAE. They said that the incumbent Secretary Petroleum has been consulting the concerned local stakeholders…

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