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Oil demand to return to pre-pandemic levels by 2022, Goldman says, but unlikely to peak this decade

Indian oil petrol pump staff wearing and gloves as as a preventive measure against the spread of coronavirus (Covid-19) near Jor Bagh on March 18, 2020 in New Delhi, India.Amal KS | Hindustan Times via Getty ImagesAnalysts at Goldman Sachs expect global oil demand to return to pre-pandemic levels by 2022, citing a pick-up in commuting, a shift to private transportation and higher infrastructure spending.In a research note published Thursday, analysts at the U.S. investment bank estimated global oil demand would decline by 8%…

Energy major announces plans to produce hydrogen from ‘largest plant of its kind’

The Saltend Chemicals Park is a major facility located in the north of England.Robert Brook | The Image Bank | Getty ImagesNorwegian energy major Equinor has released details of a major U.K.-based project that will combine hydrogen generation with carbon capture and storage.The Hydrogen to Humber Saltend, or H2H Saltend, project will be based at the Saltend Chemicals Park close to Hull, a city in the north of England. Equinor said the development would be "the largest plant of its kind in the world."Hydrogen at the facility…

Stocks making the biggest moves midday: Tesla, Avis Budget, Lemonade, Spotify & more

A worker in a face mask walks past gates at the Tesla Gigafactory in Shanghai, China, on Feb. 17, 2020.Qilai Shen | Bloomberg | Getty ImagesHere are the companies making headlines in midday trading.Tesla – Shares of the electric vehicle maker jumped more than 6%, hitting a new all-time high, after the company said it delivered about 90,650 vehicles in the second quarter. Analysts surveyed by FactSet had expected 72,000 deliveries. Shares of Tesla have gained 185% this year.Lemonade — Shares of the insurance tech company saw…

Powerhouse Energy CEO updates on commercial development and plans for future rollout

Powerhouse Energy Group PLC's (LON:PHE) CEO Dave Ryan tells Proactive London's Andrew Scott its DMG technology is continuing to attract substantial interest internationally. The Protos Energy Park in Cheshire is being developed by Powerhouse’s partner, Peel Environmental, and there is a 10-site pipeline of developments that will follow the Protos template. Published at Wed, 01 Jul 2020 11:54:00 +0000-Powerhouse Energy CEO updates on commercial development and plans for future rollout

Anatomy of a winner: picking a coronavirus success stock

While the wider market has been plunged into almost historical volatility as a result of the coronavirus pandemic, the subsequent lockdown measures around the world and the added bonus of an oil price crash, some companies have seen the recent turmoil as a boon to their share prices. If investors had decided to ring in the new year by parking their cash in any of the company’s below, they are likely to have made a tidy profit off of the coronavirus crisis, netting them something of a pandemic payday. Biotechnology While…

Greencoat UK Wind on the rise as institutions clamour for renewables

What it does Since it listed in 2013, UK Wind's generating capacity within the portfolio has risen to 980Mw from 127Mw with a value of £2.4bn spread across 35 operating wind farms. In the past year or so the FTSE 250-listed company has completed several deals, with an agreement to purchase South Kyle in April, following the completed deal for Slieve Divena II in March, and acquisitions including Windy Rig, Twentyshilling, Tom nan Clach, Stronelairg and Dunmaglass last year. Greencoat has…

Aramco chief adds to bullish calls for an oil demand rebound in late 2020

Amin H. Nasser, president and CEO of Saudi Aramco, speaks during a news conference at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019.Hamad Mohammed | ReutersSaudi Aramco Chief Executive Amin Nasser is confident oil demand will continue to rebound in the second half of the year, as coronavirus-related lockdowns slowly ease. "The worst is behind us," Nasser told IHS Markit Vice Chairman Dan Yergin at a CERAWeek Conversations event held online on Tuesday."I'm very optimistic about the second half of…

Oil prices just had their best quarter in 30 years — what’s next?

A Surgutneftegas worker near pumpjacks in Surgut Region of the Khanty-Mansi Autonomous Area - Yugra, in the West Siberian petroleum basin.Alexei Andronov | TASS via Getty ImagesOil prices registered their best quarterly performance in 30 years during the three months through to the end of June, staging a dramatic comeback after falling to record lows in April.Brent crude futures skyrocketed more than 80% in the second quarter. It was the international benchmark's best quarterly performance since the third quarter of…

Alcoholic drinks firms look to mitigate environmental impact with buildings that run on renewables

Andrew Milligan | PA Images | Getty ImagesFrom beer and wine to whiskey and vodka, alcohol is big business. And while many of us enjoy the odd tipple now and again, the sector requires a great deal of energy and water to produce the beverages people drink. As concerns about sustainability grow, some firms are developing buildings that harness both technology and renewable energy.Earlier this week, Diageo announced that a whiskey distillery being built in Kentucky was "expected to be carbon neutral."In a statement issued…

Tower Resources updates on progress for Thali production-sharing contract farm-out in Cameroon

Tower Resources PLC (LON:TRP) has provided an update regarding progress on the farm-out process in respect of its Thali production-sharing contract (PSC) in Cameroon being conducted through its wholly-owned subsidiary Tower Resources Cameroon SA. The AIM-listed, Africa-focused oil and gas company said the binding Heads of Terms (HoT) with OilLR Pty Ltd, which was signed on February 28, 2020, and amended on March 29, 2020, is progressing towards completion, with the first payment into escrow now expected in late July or…