Big Liquid Hydrogen Project In Teesside, UK – BP Are Still Pushing The Envelope.

  • Date: 17-Dec-2021
  • Source: Forbes
  • Sector:Real Estate
  • Country:Gulf
  • Who else needs to know?

Big Liquid Hydrogen Project In Teesside, UK – BP Are Still Pushing The Envelope.

A view over the industrial area of Teesside in the UK. Bp have lived on the innovation edge for many years, as is clear by listing a few ventures and misadventures from the past. I have bent the list to include a bit of Amoco history before they merged with bp in 1998 (I joined Amoco in 1986). The first unconventional resource was tight sand, when Nolte and Smith at Amoco introduced massive hydraulic factures that enabled gas and oil to flow from low permeability sandstone. The second unconventional resource was coalbed methane, when Amoco led the charge in the prolific San Juan basin where gas flowed at high rates from openhole cavity wells (that were not fracked) and where coal permeability strangely increased with depletion. In 1998 bp merged with Amoco, in a deal valued at $48 billion, the largest in the oil business to that point. Only two years later, bp acquired Arco for $26 billion to form a company leviathan. In the 2000 decade, bp made great strides in producing oil from deepwater plays in the Gulf of Mexico, based around four hubs called Atlantis, Mad Dog, Na Kika, and Thunder Horse. An exhilarating recent wave of