Sweden’s Videberg Kraft, supported by utility giant Vattenfall, has selected Rolls-Royce to supply three small modular reactor (SMR) units, marking the country’s first new nuclear power project in over 40 years. This move underscores Sweden’s renewed focus on nuclear energy amid growing energy security concerns in Europe. The contract solidifies Rolls-Royce’s position as the only…
Canada has witnessed the start of commercial production at its first new oil sands project in over a decade. The Blackrod project, led by International Petroleum Corp. (IPC), commenced operations in late May 2026, marking a significant development for Alberta’s energy sector. The project aims to reach an average daily output of 80,000 barrels once…
Following the recent preliminary agreement between the United States and Iran, about 80 million barrels of crude oil are queued to transit the Strait of Hormuz. According to data from Vortexa cited by Bloomberg, this crude is loaded on 40 tankers preparing for departure from the strategic chokepoint, a critical artery for global oil supplies….
The escalating conflict in the Middle East has significantly disrupted global shipping, leading to increased marine fuel prices and forcing shipping companies to impose emergency surcharges. This upheaval is reshaping trade routes and increasing transportation costs on international trade corridors. Shipping lines, retailers, and manufacturers are increasingly adjusting to the uncertainty created by the situation…
Kazakhstan has announced a significant investment of up to $10 billion to develop a large-scale artificial intelligence (AI) data center complex, dubbed the ‘Data Center Valley’, with backing from US chip manufacturer Nvidia and Armenian-American cloud provider Firebird.ai. The project forms a central part of Kazakhstan’s ambitious Digital Qazaqstan strategy, which aims to transform the…
Karachi’s bus owners have launched a one-day strike protesting the e-challan system, hefty fines, and newly introduced insurance policies for public transport vehicles. This industrial action has significantly disrupted the city’s public transportation, leaving many commuters stranded or compelled to seek expensive alternatives. The strike, organized by the Karachi Bus Owners Association, led to a…
Qatar is preparing for a rapid resumption of its liquefied natural gas (LNG) production once the Strait of Hormuz reopens, Bloomberg reported on Tuesday, citing anonymous sources familiar with the plans. The state-owned QatarEnergy, which had cut back LNG output earlier this year following missile strikes on its facilities, aims to restore a significant portion…
Honor has officially announced the launch date for its upcoming smartphone, the X80 Pro Max, which is scheduled to debut in China on June 22. Ahead of the launch, the company has revealed several key design elements and technical specifications through an official Weibo post. The smartphone will be available for reservation through Honor’s official…
Royal GPX has introduced its 02 electric scooter in Pakistan, marking the brand’s entry into the country’s expanding electric two-wheeler market. The new scooter line is targeted at urban commuters and riders looking for an eco-friendly, fuel-free mode of transportation. The 02 electric scooter is available in two variants: the standard 02 and the 02…
Internet services in Azad Jammu and Kashmir (AJK) have remained suspended for the eighth consecutive day, significantly affecting students, freelancers, and residents who rely on online connectivity for education and work. The ongoing blackout has compelled many AJK residents to travel outside the region in search of internet access. Some have crossed the border into…