Oil & Gas News – Early March 2026
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Rotork, the Bath-headquartered specialist oil and gas valve manufacturer, today said it expects to make further progress this year despite the uncertainty in its markets caused by the war in the Middle East.
The group, which designs and makes high-quality flow control equipment for the global oil, gas, water and power industries, said it was “mindful of the recent geopolitical uncertainty” in comments from its CEO alongside its annual financial results.
Rotork’s share price came under pressure on the London Stock Exchange yesterday as markets reacted to the unfolding events in Iran and across the Middle East and fell a further 9% this morning as soon as the market opened.
Sourced from TheBusinessDesk
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Construction is expected to start this year on a £50m hydrogen production plant in Pembrokeshire.
The West Wales Hydrogen plant in Milford Haven is expected to create 60 jobs during the construction phase and up to 10 permanent posts once completed. It will be built on the site of a former oil refinery at the Impala terminal, previously Puma Energy, in the port. Sourced from BBC website
