Aramco operates some of the largest oil fields in the world
Adnoc and Aramco lead Gulf NOCs’ blue hydrogen drive
The Gulf heavyweights are investing heavily in expanding their hydrogen capabilities as they complete the carbon economy circle
Excitement surrounding the nascent hydrogen market has not been lost on the world’s largest oil companies. As the majors make strides to embrace hydrogen in their new green and transition-aligned strategies, state-owned players have also started to make their own moves. With access to some of the world’s largest oil and gas reserves, Saudi Aramco and the UAE’s Adnoc are perhaps not the archetypal leaders of the cleantech revolution. However, the growing role of hydrogen presents a significant opportunity for these firms to both diversify revenues and decarbonise operations. Meanwhile, with estimates suggesting that the world’s largest oil economies will lose out on up to $13tn over the next
Also in this section
24 January 2025
Clean hydrogen sector has enough traction globally to ride out a period of policy uncertainty under the Trump administration
23 January 2025
Russia, Poland and Romania are the biggest players when it comes to hydrogen projects in the region
23 January 2025
The UK leads Western Europe in terms of active hydrogen project market share, but developments are planned across Italy, Spain, Portugal, the Netherlands and the Nordic countries
23 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
