Global Scans · Proximity Tech · Weekly Summary

• [New] Given decline rates from existing fields, a substantial amount of new oil will be required even in a world of peak demand. SpringerLink
• [New] Recent years have seen growing attention to the concept of 'peak oil demand', that in the relatively near term, global oil demand will begin to decline, because of the expansion of electric vehicles, improvements in efficiency, environmental pressure on plastics and greenhouse gas emissions limits. SpringerLink
• [New] For investors looking at India, we think there are three main risks to consider over the near term: inflation, potential political surprises, and a possible downturn in the US economy. The Armchair Trader
• [New] The major fields predicted to increasingly use big data by 2025 include astronomy, social media (Twitter, YouTube, etc.) and medicine-Genomics, which will be measured in zetta-bytes / year (zetta = 10^21). PubMed Central (PMC)
• [New] Upgrading telecommunication facilities, network, and equipment to 5G, the next generation wireless network technology, alone is estimated to require some $14 billion in investments per year until 2025. SEADS
• [New] The global models anticipate another build-up of high pressure (near the UK / over Scandinavia or an area of high pressure extending from the UK to Scandinavia) and a trough / low pressure over southern / SW Europe. The Mirror
• [New] Gasoline prices rose again in March as OPEC + producers extended supply cuts, the Middle East conflict threatened to broaden, Ukraine attacked Russian refineries, and U.S. crude production leveled off near a record high. Comerica
• [New] Short-range drones will be tested in fiscal year 2025 and produced in fiscal year 2026, and longer-range drones will be tested in fiscal year 2026 and fielded in fiscal year 2027. Defense One
• [New] In 2025, Sonatrach will deliver two million tonnes of LNG to TotalEnergies at the port of Fos-Cavaou, near Marseille, which will contribute to the security of energy supply in France and Europe. MarketScreener
• [New] With a projected growth in GDP and a thriving AI ecosystem, India is poised to make substantial contributions to the field of AI in the coming years. elblog.pl
• [New] Mexico's state energy company, Pemex, expects its Tupilco Profundo field to have a production capacity of 116.9 mbbl of oil over its lifespan. Offshore Technology
• [New] Qatar needs more LNG carriers as it's raising its annual production capacity from the North Field to 142 million tons by 2030 from 77 million tons currently. Counter Extremism Project
• [New] In the near term (through 2024), offshore wind development in Europe is expected to stay at approximately 3.7 GW installed per year. Global Energy Monitor
• [New] In Israel there are not enough breakthrough technologies in the field of climate and criticizes the regulators who are afraid to introduce innovations and take risks. ctech
• [New] Middle East is receiving huge trade and investment opportunities under BRI while China also showed its willingness to share expertise in fields like telecommunications, AI and other high-tech areas. Modern Diplomacy
• [New] The total Telecom service revenue in Ghana will increase at a CAGR of less than 1%, driven by revenue growth in mobile broadband and fixed broadband segments. Market Research Reports & Consulting | GlobalData UK Lt
• [New] For the near term, though, it is increasingly obvious - even to AI developers who have made their own net-zero by 2050 pledges - that we are going to need more, not less, coal and natural gas generating capacity to meet demand when renewables can not. The Telegraph
• Total telecom and pay-TV service revenue in Japan will increase at a CAGR of 2.1%, primarily supported by the contributions from the mobile data and fixed broadband segments. Research and Markets
• Iran's direct involvement could mark a new milestone in the Middle East conflict and could back a rapid rise in oil prices in the near term. investing.com
• Samsung Electronics is expected to post a near nine-fold increase in first-quarter profit from a year earlier as rebounding semiconductor prices lift earnings from a low base caused by a severe chip downturn. Economic Times
• Total telecom and pay-TV service revenue in Portugal, when valued in terms of local currency will grow at a CAGR of 0.4%, supported by steady growth in mobile data service revenue, pay-TV and in fixed broadband service revenue. Yahoo Finance
• Samsung plans to launch its new Samsung Rewards program in the near future, which will allow users to get stamps each day if they save a certain amount of energy using AI Energy mode. MarketScreener
• LENZING conducted field trials in Austria of its geotextiles to slow glacier melting; using a groundcover made of cellulose means it will not release microplastics into the environment and contaminate what it's trying to protect. Specialty Fabrics Review

Last updated: 15 April 2024