With the oil and gas industry seeking ways to adapt to our current climate-driven world, some might argue that the oil and gas industry is leading the global energy transition. It is happening across the industry from the development of pore space lease agreements, to multi-company sequestration hubs, to offshore sequestration, to blue and green hydrogen projects, to offshore wind. Companies are recognizing that they need to invest in and find new ways to develop technology in the renewable space in order to remain relevant, profitable, and responsive to public perception. These new technologies are focused on decarbonizing output with the goal of being net-zero carbon by 2050. Green hydrogen and offshore carbon capture and sequestration will play a major role as the two go hand-in-hand as the keys to decarbonization in the future.
Opportunities for Emerging (Green) Hydrogen…