Author: omc_admin
(World Oil)– Rhino Resources Namibia Ltd. has confirmed a significant gas condensate discovery at the Volans-1X exploration well in Block 2914A, offshore Namibia’s Orange basin. The find represents the company’s third consecutive hydrocarbon discovery on Petroleum Exploration License 85 (PEL 85), where Rhino holds a 42.5% operating interest. The Volans-1X well, spudded on July 31, 2025, with the Northern Ocean’s Deepsea Mira semi-submersible, reached a total depth of 4,497.5 meters on August 30. Logging operations identified 26 meters of net pay in high-quality Upper Cretaceous reservoirs, with no observed water contact. Hydrocarbon samples indicated a condensate-to-gas ratio exceeding 140…
Remember the Apple Vision Pro?Remember? It was a big, ambitious swing from Tim Cook and Co. — a $3,500 headset that lets you experience “augmented reality” — or, if you follow Apple’s demands for branding — “spatial computing.”Apple first showed off the Vision Pro in the spring of 2023, and then started selling the device in February 2024, and since then … you really haven’t heard much about it.Unless you’ve seen periodic articles about how the device hasn’t taken off, so developers aren’t building for it, which makes it harder to sell, which makes developers even less likely to build…
Fuel oil imports into the U.S. Gulf Coast surged in September to the highest level in a quarter century, reflecting the impact of sanctions constraining Venezuelan and Russian crude exports and forcing refiners to improvise with alternative feedstocks.Ship-tracking data from Kpler cited by Reuters show the Gulf Coast imported about 541,000 barrels per day of fuel oil last month, the strongest inflow since 2000. Refiners configured for heavy sour crudes are increasingly relying on residual fuel oil to keep coking units supplied.At the same time, crude imports into the Gulf fell to roughly 880,000 barrels per day, the lowest since…
ST PETERSBURG, RUSSIA – 2022/04/10: Lukoil logo seen outside a petrol station in St. Petersburg, Russia. (Photo by Maksim Konstantinov/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesRussia’s fuel crisis is worsening, and officials are no longer able to conceal the scale of the problem. The Federal Antimonopoly Service has begun issuing warnings to gas station operators across the country over what it calls unjustified price hikes, according to the Russian outlet Izvestia. Fuel prices have risen 40–50% since the start of the year, adding fresh inflationary pressure on the public.With gas prices surging, many Russian gas station owners risk…
Plug Power, a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced the delivery of its first 10-megawatt (MW) GenEco™ electrolyzer array to Galp, Portugal’s leading integrated energy company. The array was delivered to Galp’s Sines Refinery, home of the largest proton exchange membrane (PEM) hydrogen electrolyzer project underway in Europe. The module is the first of 10 similar arrays with Hydrogen Processing Units (HPUs) to be delivered on site by early 2026 to deploy a total electrolyzer capacity of 100MW upon completion, in the first half of next year. This project, Plug’s largest worldwide, will produce…
Mercedes-Benz Trucks introduced a whole new generation of electric trucks with eActros 600. Now they’re following up the 400, a spin-off with more payload for heavy duty distribution transport and a greater variety of models. We were there for the premiere in Molsheim, France. When Mercedes-Benz Trucks unveiled the eActros 600 in 2024, the company had put a tremendous amount of development work behind it. The electric truck featured completely new technology and was initially only available as a tractor unit with a focus on long-haul transport. That is now changing. The variants now available were announced back in May…
Neoen has begun building its first six-hour battery and delivered Australia’s largest storage system, boosting its Western Australia portfolio to 2.2 GWh. Renewable energy and storage developer Neoen has started construction of the 164 MW/905 MWh Muchea battery energy storage system and has also delivered the 341 MW/1,363 MWh second stage of the Collie Battery project, both in Western Australia. The Muchea battery is being built near the town of the same name, about 43 kilometres northeast of state capital Perth. The system will include 252 Tesla Megapack 2XL units and will connect into Western Power’s existing Muchea substation in…
KULR Technology Group, Inc., a Bitcoin+ Treasury company that builds a portfolio of frontier technology businesses ranging from high-performance energy systems to AI Robotics, today announced the launch of its next generation KULR-developed Battery Management System (kBMS) — an advanced solution engineered to set a new industry benchmark for reliability, safety, and energy efficiency. The kBMS is offered in two variants: one tailored for defense and terrestrial mission-critical applications, and another optimized for spacecraft power systems. The space-focused version can be configured in two ways — as a cost-effective system built with commercial chipsets protected from radiation within customer housings,…
LeydenJar and Highpower Technology, a Chinese battery manufacturer with over 20 years of expertise in designing and mass-producing advanced lithium-ion cells, today announced a strategic collaboration. By combining LeydenJar’s breakthrough silicon anodes with Highpower’s proven cell design and manufacturing capabilities, the two companies will produce a new generation of batteries with ultra-high energy density. These high capacity batteries will power new small fitness trackers and smart devices with AI-functionalities. LeydenJar develops the critical silicon anode while Highpower integrates it into advanced cell designs and prepares them for large-scale production. The collaboration not only bridges cutting-edge innovation with industrial-scale manufacturing, but…
IBU-tec is stepping up its commitment to recycling energy storage devices and has opened a new plant for processing battery raw materials at its Weimar site in collaboration with Hosokawa Alpine. This move sees the company gearing up for a new market alongside battery materials. IBU-tec is stepping up its activities in the field of battery recycling, focusing on a promising growth market. At its Weimar site, IBU-tec and machine manufacturer Hosokawa Alpine have set up a new plant specifically designed for processing coated cathode foils from old batteries. IBU-tec is contributing its extensive expertise in the development and processing…