Oil & Gas News – Early August 2024
Estimated reading time 2 minutes
Profits have increased by more than 20% at engineering firm Rotork over the last six months. The North Somerset firm makes valves for oil and gas and water businesses across the world. Operating profits rose by 22.3% from £65.3m to £76.5m. https://www.thebusinessdesk.com/south-west/news/15415-profits-soar-to-76.5m-at-somerset-manufacturing-business?utm_source=newsletter&utm_medium=email&utm_campaign=SouthWest_6th_Aug_2024_Daily
Costain has won a multi-million-pound front-end engineering and design contract for a new BP hydrogen pipeline network in Teesside.
Costain’s multi-disciplinary in-house engineering team will deliver the front-end engineering and design (FEED) to enable the construction for a 31km onshore pipeline distribution network that will deliver purified and dehydrated hydrogen from BP’s new hydrogen production facility to industrial end users. Costain is expected to complete the FEED project in 2025.
Operated by BP as part of the East Coast Cluster, H2Teesside (H2T) is aiming to be one of the biggest blue hydrogen production facilities in the UK and is expected to produce approximately 160,000 tonnes of low carbon hydrogen a year.
The blue hydrogen that H2T creates is expected ultimately to displace natural gas consumption by industrial end users. https://www.theconstructionindex.co.uk/news/view/costain-lands-bp-hydrogen-pipeline-design
