INDUSTRY NEWS
 

Expedite Energy Transformation by Adopting Proven Practices

5 Precepts That Promote Effective Power System Planning and Operations.

Extraordinary increase’ in global energy demand

Energy demand worldwide grew by 2.3 per cent last year – its fastest pace this decade. And nearly 70 per cent of that demand growth came from, China, the US and India.

AI is the new electricity

As with all emerging technological trends, some elements of artificial intelligence are hyped out of proportion, some elements are ahead of their time, and some even incite fear. However, there remains some truth beneath the hype, cycles and buzzwords. Advancements in AI stand to benefit the energy sector but come with own limitations and practical concerns.

Why the energy sector must plan today for tomorrow’s digital age

Don’t work harder; work smarter. This old adage is taking on new significance as digitalisation transforms our economies. Today, we stand at the precipice of a global productivity revolution and the watchword of this will be: “work smarter.”

Power efficiency programme aims at 7 percent cut in consumption

Prime Minister Nguyen Xuan Phuc has approved a national programme on efficient and economical use of power in 2019-2030, aiming to save 5-7 percent of power consumption nationwide from 2019-2025.

EVN sees sharp drop in power loss

Power loss in Vietnam Electricity (EVN)’s systems has reduced sharply over the years thanks to the firm’s efforts to better manage the power network, especially in transmission and distribution.

How Much Oil Is Displaced by Electric Vehicles? Not Much, So Far

Electric vehicles are taking ever-bigger bites out of global oil demand, but they haven’t yet caught up with the growing size of the pie.

High cost casts a shadow on solar power

Luc Van Tan, a HCM City resident, is considering installing solar power panels on his 35sq.m rooftop to save on electricity bills.

PV Oil’s foreign ownership cap temporary: executive

PV Oil’s locking of the foreign ownership ratio at 6.6 per cent is a temporary measure before the Government endorses its new capital divestment plan, according to the company’s general director Cao Hoai Duong.

ExxonMobil proceeds with offshore gas project in Vietnam

A joint venture of US-based ExxonMobil and Vietnam Oil and Gas Group (PetroVietnam) has advanced plans for a multi-billion dollar gas exploitation project off Vietnam’s central shore, Rigzone reported.

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