Author: omc_admin

A recent report from battery intelligence firm Accure reveals that while most battery energy storage systems (BESS) operate reliably, nearly 19% of projects experience reduced returns due to technical issues and unplanned downtime. BESS are fast becoming central to the global energy transition, but the sector still faces significant operational and financial risks that are reshaping how assets are deployed and managed at scale. As a result, real-world performance insights are becoming critical for investors, developers, and operators alike. The 2025 ACCURE Energy Storage System Health & Performance Report, released last month, offers what is described as the first large-scale…

Backed by the UK’s National Wealth Fund and existing partner TechMet, Cornish Lithium will use the fresh equity funding to move its core projects towards commercial viability. If successful, it could help anchor the UK in the global battery materials supply chain. Some background here: the Cornish economy was once heavily reliant on mining, particularly tin and copper, but also other precious metals. From the 1980s and 1990s, though, mining declined in Cornwall following a number of mine closures – most famously, the South Crofty tin mine in West Cornwall. Now, with the advent of EVs, advances in battery technology,…

Mercedes’ electric car sales have fallen year-on-year for six consecutive quarters. The Stuttgart-based company has now reported growth again for the third quarter of 2025, thanks in part to the new CLA. Things are also looking up for vans. Since the first quarter of 2024, Mercedes-Benz has only seen declining electric car sales. That has now changed: between the beginning of July and the end of September, the manufacturer sold 51,200 BEVs across the group: nine per cent more than in Q3 2024 and as much as 22 per cent more than in the second quarter. In the current year,…

Partnership focuses on methane reduction, wastewater reuse, and low-carbon desalination. Veolia targets 80% methane capture from landfills by 2032 using TotalEnergies’ AUSEA drone system. TotalEnergies aims to cut freshwater withdrawals by 20% at water-stressed sites by 2030. Paris Pact Broadens Scope for Circular and Low-Carbon Industry TotalEnergies and Veolia have expanded their long-standing partnership through a new memorandum of understanding that deepens collaboration on methane mitigation, water efficiency, and resource recovery—advancing shared goals for industrial decarbonization and circular resource use. The agreement aligns with both companies’ net-zero strategies, leveraging their respective strengths to reduce emissions and environmental impact across energy,…

Alberta Premier Danielle Smith is negotiating with the federal government and Prime Minister Mark Carney on the newly proposed oil pipeline from the oil-producing province to the West Coast.Smith and Carney met in Ottawa on Monday as the Alberta Premier was arriving in the capital for meetings while the federal PM was departing for talks with U.S. President Donald Trump in Washington D.C.Smith and Carney discussed energy opportunities and Carney said that Alberta and the federal government have a lot to talk about how they could cooperate to make Canada an energy superpower, which is one of the prime minister’s…

Sub-$70 oil is squeezing margins, forcing Exxon, Chevron, and BP to rethink $100 billion in annual returns.Dividends to Dry Up as Sub-$70 Crude Squeezes Supermajors- Amidst fears of oversupply and tariff-impacted demand slowdown, global oil majors are widely expected to start cutting their shareholder payouts as sub-70 oil prices loom large over the horizon.- Most majors need oil prices above $80 per barrel to sustain current levels of dividends and share buybacks, with France’s TotalEnergies already flagging that it will reduce buybacks from Q4 2025 onwards.- Most US oil firms have been primarily focused on job cuts lately, with ExxonMobil,…

Reconnaissance Energy Africa Ltd. (ReconAfrica) reports that drilling operations are progressing on schedule at the Kavango West 1X exploration well in Namibia’s Damara Fold Belt. The company has set its final casing string at a depth of approximately 2,300 m, just above the targeted Otavi carbonate reservoir, and is now drilling ahead into the primary objective. President and CEO Brian Reinsborough said the well is testing a large structural closure measuring roughly 20 km by 3 km within the Otavi section. “Drilling of the Kavango West 1X well is proceeding on schedule, and I wish to thank our…

In an oil and gas report sent to Rigzone late Monday by the Macquarie team, Macquarie strategists, including Walt Chancellor, revealed that they are forecasting that U.S. crude inventories will be up by 4.3 million barrels for the week ending October 3. “This follows a 1.8 million barrel build in the prior week, with the crude balance again realizing looser than our expectations,” the strategists said in the report. “For this week’s balance, from refineries, we model another moderate reduction in crude runs (-0.4 million barrels per day) as turnaround season mounts,” the strategists added. “Among net imports, we model…

A year after John Paulson (left) raised $50 million for Donald Trump at a fundraiser at his Palm Beach home, he gained $60 million himself thanks to the government’s investment in Trilogy Metals.Getty Images The federal government’s $35.6 million investment for a 10% stake in a small Vancouver-based mining business produced a windfall for its investors, one of whom Donald Trump is already very familiar with. Billionaire John Paulson owned an 8.7% stake in Trilogy Metals as of the end of June. The stock tripled in after-hours trading Monday night after the deal was announced and opened 245% higher Tuesday,…

Villagers walk on the street of Sabon-Gida, near Lafia, Nassarawa State, Nigeria on October 17, 2023. Mini-grids — small power stations usually supplying rural communities — are not new. But the drop in solar technology costs over a decade has prompted a growth in clean energy minigrids with rural Africa poised to benefit the most. Nearly 600 million Africans live without electricity access, and in Nigeria alone that figure is 90 million or around 40 percent of the continent’s most populous nation. And while Africa may have the most potential to generate solar power, according to the International Energy Agency…