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Worley Limited ( (AU:WOR) ) has provided an update.
Worley has secured the Front End Engineering Design and Development Consent Order contract from UK gas network operator Cadent Gas for the H2East Pipeline: Humber to Nottinghamshire project, having already completed earlier feasibility and pre-FEED work. Under the new mandate, Worley will deliver project management, integration, engineering and design for a new hydrogen pipeline network intended to connect industrial hubs across the North East, Humber, Yorkshire and East Midlands, enabling up to 11 gigawatts of low-carbon hydrogen production capacity and supporting decarbonisation of heavy industries such as steel, chemicals and power generation. The contract underscores Worley’s growing role in large-scale sustainable energy and pipeline projects and reinforces its positioning as a key partner in the UK’s hydrogen ambitions, with the H2East network expected to deliver both emissions reductions and economic benefits when operations commence in the next decade.
The most recent analyst rating on (AU:WOR) stock is a Buy with a A$17.00 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.
More about Worley Limited
Worley Limited is a global professional services company headquartered in Australia and listed on the ASX, providing engineering, project management and technical services to the energy, chemicals and resources sectors. The company focuses on supporting customers across the full lifecycle of their assets while helping them transition toward more sustainable energy systems.
Average Trading Volume: 1,683,795
Technical Sentiment Signal: Sell
Current Market Cap: A$6.69B
See more insights into WOR stock on TipRanks’ Stock Analysis page.