Category: Recent Post

Mexico’s state oil firm Pemex is not planning a shift toward curbing carbon emissions or green energy, as Mexican President Andrés Manuel López Obrador continues to bet on oil exploration and a new domestic refinery to make the country energy independent and reverse the years-long decline in oil output, Reuters reported, citing government and company sources. López Obrador, a leftist populist, came to power with the promise to increase state support for Pemex and make the state-run major the pillar of a turnaround for the country’s declining oil production. Petróleos…

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Two tankers will be the first since January this year to load oil for export at the Libyan port of Brega, Bloomberg reports, citing unidentified source in the know. One of the cargos, of 600,000 barrels of crude, will be shipped to Austrian OMV. The other is of a similar size but its destination has not been disclosed. Libya’s oil ports have been frozen by a blockade since January, when groups affiliated with the Libyan National Army of General Khalifa Haftar took over, suspending all exports and, as a result,…

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Electricity generation of hydel power stations owned and operated by Pakistan Water and Power Development Authority (WAPDA) surpassed 8500 megawatt (MW) mark for the first time in Pakistan, as WAPDA provided 8757 MW of electricity to the National Grid during peak hours the other day. Previously, the record of hydel power generation was 8474 MW delivered to the system on September 11, last year. This record generation of hydel electricity by WAPDA is the result of higher reservoir level at Tarbela and Mangla dams, increased water outflows as per indent…

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The two mega water reservoirs of Mangla and Tarbela have been filled to their maximum capacity last night, resulting in the record availability of water in the two dams, which is being regarded a good omen for agriculture and hydel power generation in Pakistan in the days to come. The cumulative quantum of water available at present in Mangla and Tarbela reservoirs stands at 13.336 million acre feet (MAF) which is a record of water availability during the last 10 years. According to the statistics, water level in Mangla and…

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Siemens Gamesa Renewable Energy’s new financial strategy will look familiar to those following the pinched U.S. shale sector: the German-Spanish wind turbine manufacturer plans to focus less on breakneck growth, and more on profitability and cash generation.  “We cannot live from volume,” C.E.O. Andreas Nauen said on August 27th in a conference call as the company unveiled its new strategy. “We have to make a profit.”   With revenue of more than €10 billion in 2019, Siemens Gamesa has emerged as the world’s number two builder of the Statue of Liberty-sized wind turbines now…

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