Saturday, January 28, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use
Oil Market News
  • Home
  • Marketdaily
  • Price
  • crudenow
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEChot
  • brend
  • ships
Oil Market News
Home Gas

Hydrogen takes pole position in oil sector decarbonisation drive

9 months ago
in Gas
Hydrogen takes pole position in oil sector decarbonisation drive
Share on FacebookShare on Twitter


Hydrogen production has claimed pole position in the oil and gas sector’s decarbonisation drive, a survey shows.

A fifth of oil and gas professionals said their organisation is actively entering the hydrogen market, according to DNV GL’s poll, which had more than 1,000 respondents.

Forty-two percent intended to invest in hydrogen in the year leading up to the Covid-19-induced price crash, up from 20% previously.

The report indicates recent shifts are unlikely to affect the sector’s long-term efforts to cut carbon emissions.

More than half (53%) of those in Europe believe hydrogen will be a significant part of the energy mix within 10 years.

DNV GL did say that scaling up hydrogen would be “complex”.

While hydrogen gas produced from renewable energy (green hydrogen) is the industry’s ultimate destination, analysis shows that the sector can only realistically scale up to large volumes and infrastructure with hydrogen produced from fossil fuels combined with CCS technology (blue hydrogen).

Liv Hovem, chief executive of DNV GL – Oil & Gas, said: “Hydrogen is in the spotlight as the energy transition moves at pace – and rightly so.

“But to realize its potential, both governments and industry will need to make bold decisions.

“The challenge now is not in the ambition, but in changing the timeline: from hydrogen on the horizon, to hydrogen in our homes, businesses, and transport systems.”



www.energyvoice.com

Latest Oil News

Focus on Water & Wastewater Treatment, Oil & Gas, Chemicals & Petrochemicals,

Internet of Things-as-a-Service to Enable Improved Opportunities

January 27, 2023
Northern Oil and Gas jumps 7% on SmallCap 600 index inclusion … – Seeking Alpha

Northern Oil and Gas jumps 7% on SmallCap 600 index inclusion … – Seeking Alpha

January 26, 2023
Banks haven’t lost their appetite for fossil fuels just yet

Banks haven’t lost their appetite for fossil fuels just yet

January 25, 2023
The Single Oil Spill that Can Disrupt the Global Energy Supply – USC Viterbi

The Single Oil Spill that Can Disrupt the Global Energy Supply – USC Viterbi

January 24, 2023
Tags: decarbonisationdriveHydrogenoilpolepositionSectortakes
Previous Post

Cuda Oil and Gas : Announces an Operations Update at its Shannon Secondary Recovery

Next Post

Pump prices continue to see movement but are $.75 less than last year

Related Posts

Focus on Water & Wastewater Treatment, Oil & Gas, Chemicals & Petrochemicals,

Internet of Things-as-a-Service to Enable Improved Opportunities

by Oil Market News
January 27, 2023
0

DUBLIN, Jan. 27, 2023 /PRNewswire/ -- The "Global Process Gas Reciprocating and Centrifugal Compressor Services Market in the Oil and...

Northern Oil and Gas jumps 7% on SmallCap 600 index inclusion … – Seeking Alpha

Northern Oil and Gas jumps 7% on SmallCap 600 index inclusion … – Seeking Alpha

by Oil Market News
January 26, 2023
0

Northern Oil and Gas jumps 7% on SmallCap 600 index inclusion ... Seeking Alpha news.google.com

Banks haven’t lost their appetite for fossil fuels just yet

Banks haven’t lost their appetite for fossil fuels just yet

by Oil Market News
January 25, 2023
0

Oil Price Following the signing of the Paris Agreement by 193 states and the EU and after the COP27 climate...

The Single Oil Spill that Can Disrupt the Global Energy Supply – USC Viterbi

The Single Oil Spill that Can Disrupt the Global Energy Supply – USC Viterbi

by Oil Market News
January 24, 2023
0

LNG Oil tanker supplying liquefied gas to the Lng terminal Over the last year, the world’s energy market has been...

Carbon capture talks being blocked by tensions between Ottawa, Alberta: oil group

Carbon capture talks being blocked by tensions between Ottawa, Alberta: oil group

by Oil Market News
January 23, 2023
0

The chief executive of Cenovus Energy Inc on Monday said friction between the federal and Alberta governments was making it...

Beetaloo gas fracking could start soon, despite NT government delay in implementing

Beetaloo gas fracking could start soon, despite NT government delay in implementing

by Oil Market News
January 22, 2023
0

The gas industry's peak body says licences to begin fracking in the Northern Territory could be issued in a month,...

Next Post
Pump prices continue to see movement but are $.75 less than last year

Pump prices continue to see movement but are $.75 less than last year

Subscribe
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trend Oil News

US stocks edge higher as new data shows millions more jobs lost

US stocks edge higher as new data shows millions more jobs lost

8 months ago
Between development and deep blue sea: What does Great Nicobar plan mean for the

Between development and deep blue sea: What does Great Nicobar plan mean for the

7 days ago
Five key developments in the convoy protests in Ottawa on Saturday

Five key developments in the convoy protests in Ottawa on Saturday

9 months ago
Mosman Oil and Gas Limited moves onto bigger opportunities after Falcon success

Mosman Oil and Gas Limited moves onto bigger opportunities after Falcon success

9 months ago
Non-OPEC won’t return to pre-COVID levels of oil output – Trend News Agency

Non-OPEC won’t return to pre-COVID levels of oil output – Trend News Agency

9 months ago
ADVERTISEMENT
Bob Simpson’s TXO Energy goes public, soars 10% on first trading day

Bob Simpson’s TXO Energy goes public, soars 10% on first trading day

January 27, 2023

Internet of Things-as-a-Service to Enable Improved Opportunities

January 27, 2023

U.S. lawmakers ask Kerry to urge UAE to replace oil boss as COP28 president By

January 27, 2023

White House blasts Big Oil stock buybacks again as Chevron profits double

January 27, 2023

OPEC to Stay the Course on Oil Production Agreement; China’s Reopening Bullish for

January 27, 2023

Trinity To Spud Jacobin Well In Second Quarter Of 2023

January 27, 2023

Crude Oil

German Crude Oil Imports Rose 11% in 2022 As Crude Import Bill Doubles

German Crude Oil Imports Rose 11% in 2022 As Crude Import Bill Doubles

January 27, 2023
Europe Is Diversifying Its Diesel Sources Ahead Of Ban On Russian Fuel

Europe Is Diversifying Its Diesel Sources Ahead Of Ban On Russian Fuel

January 26, 2023
Opinion | Should the Strategic Petroleum Reserve Be Used Now?

Opinion | Should the Strategic Petroleum Reserve Be Used Now?

January 25, 2023
Rising Crude, Oil Products Inventories Weigh On Oil Prices

Rising Crude, Oil Products Inventories Weigh On Oil Prices

January 24, 2023

Investing

U.S. lawmakers ask Kerry to urge UAE to replace oil boss as COP28 president By

U.S. lawmakers ask Kerry to urge UAE to replace oil boss as COP28 president By

January 27, 2023
ESG Investing Fight Is Heating up in Kentucky and Could Cost Taxpayers

ESG Investing Fight Is Heating up in Kentucky and Could Cost Taxpayers

January 26, 2023
Chevron goes big with new $75 billion buyback, surpassing Exxon’s By Investing.com

Chevron goes big with new $75 billion buyback, surpassing Exxon’s By Investing.com

January 25, 2023
Oil falls $2/barrel on economic jitters, U.S. crude stock build By Reuters

Oil falls $2/barrel on economic jitters, U.S. crude stock build By Reuters

January 24, 2023

Market

Chevron profits slip as oil and gas prices fall

Chevron profits slip as oil and gas prices fall

January 27, 2023
Big Oil’s cash bonanza | Financial Times

Big Oil’s cash bonanza | Financial Times

January 26, 2023
NYC pension schemes test support for climate action at bank meetings

NYC pension schemes test support for climate action at bank meetings

January 25, 2023
Oilfield services groups cheer ‘structural upcycle’ after highly profitable year

Oilfield services groups cheer ‘structural upcycle’ after highly profitable year

January 24, 2023

OPEC

OPEC to Stay the Course on Oil Production Agreement; China’s Reopening Bullish for

OPEC to Stay the Course on Oil Production Agreement; China’s Reopening Bullish for

January 27, 2023
Biden vowed to punish Saudis over OPEC cut. That’s no longer the plan

Biden vowed to punish Saudis over OPEC cut. That’s no longer the plan

January 26, 2023
Oil Steadies as Traders Look to China, OPEC for Fresh Triggers

Oil Steadies as Traders Look to China, OPEC for Fresh Triggers

January 25, 2023
FG tasks 2023 OPEC’s President on attracting investments in oil

FG tasks 2023 OPEC’s President on attracting investments in oil

January 24, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use

© 2022 OilMarket.News

No Result
View All Result
  • Home
  • Market
  • Price
  • crude
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEC
  • brend
  • ships

© 2022 OilMarket.News

wpDiscuz
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.