As hydrocarbons producers reap sustained revenue from high global prices, national oil companies NOCs in the Gulf are accelerating investment in carbon capture, utilisation and storage CCUS; hydrogen; and cleaner sources of energy to make their activities less carbon-intensive and support the energy transition.
announced a new energy partnership with UK oil and gas major BP to develop hydrogen facilities in both the UAE and the UK. is set to acquire a stake in BP’s H2Teesside hydrogen project, while the former will invest in ’s green hydrogen plant at Abu Dhabi’s Masdar. is also looking at developing a green hydrogen supply chain with Japan. By Oxford Business Group
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