Hydrogen in Oil and Gas Industry Witnesses Emergence of Dominant Players Including Air Liquide, Baker Hughes, and Ballard Power Systems – GlobalData Plc

This press release was orginally distributed by SBWire

London, UK — (SBWIRE) — 10/24/2022 — The latest market publication titled Hydrogen in Oil and Gas – Thematic Research study has identified the role of oil and gas players in realizing a hydrogen economy. Several companies are investing in the hydrogen theme for creating alternative revenue streams in the energy sector. The oil and gas industry are the largest consumer of hydrogen, deploying it in refining and petrochemical processes. The industry can leverage this edge into becoming the prominent supplier of hydrogen fuel as envisaged in the hydrogen economy.

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The oil and gas industry is also investing in the development of hydrogen distribution networks and hydrogen fuel cells to capitalize on the prospective application of hydrogen fuel in the transportation sector. Sinopec and Shell lead the oil and gas sector in this field. There is also a growing network of hydrogen pipelines to expand the reach of hydrogen to prospective end users. Blending hydrogen in natural gas pipelines is also being pursued. Air Liquide is the leader in hydrogen pipeline development.

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Hydrogen in Oil and Gas Industry trends

Industry trends
– Decarbonizing hydrogen production
– Application in energy storage
– Potential in the transportation sector
– Cost is a barrier for green hydrogen

Technology trends
– Technological advancements in electrolyzers
– Hydrogen storage
– Hydrogen transportation
– Hydrogen fuel cells
– Growing CCS deployment
– Waste to hydrogen tech
– Renewable technology improvements

Regulatory trends
– Hydrogen adoption strategies

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Hydrogen in Oil & Gas Industry Value Chain Analysis

GlobalData's hydrogen value chains can be divided into four segments: energy source, production, transportation, storage & distribution, and end user.

Energy source
– Coal
– Biomass
– Renewables
– Nuclear

Production
– Natural gas reform
– Partial oxidation
– Gasification
– Electrolysis

Transportation, storage & distribution
– Pipelines
– Road & rail
– Tankers
– Liquefaction
– Solid State Storage
– Fuel Cells
– Hydrogen refuelling stations

End user
– Commercial and industrial heating
– Oil refining
– Chemical manufacturing
– Iron & Steel
– Power generation
– Transportation
– Residential heating

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Key Hydrogen Companies in Oil and Gas Sector

GlobalData highlights the oil and gas companies that are making their mark within the hydrogen theme.

Oil and gas companies
– BP
– Chevron Corp
– China Petroleum & Chemical Corp
– Eni
– Equinor
– ExxonMobil
– Gazprom Neft
– Reliance Industries
– Repsol
– Rosneft
– Royal Dutch Shell
– Saudi Arabian Oil Co
– TotalEnergies

Hydrogen technology companies
– Air Liquide
– Baker Hughes
– Ballard Power Systems
– Bloom Energy
– GE
– ITM Power
– Linde
– Mitsubishi Power
– Nel ASA
– Siemens Energy
– Ways2H

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About GlobalData
GlobalData is a leading data, analytics, and insights provider in the world's largest industries. As a leading information services company, thousands of clients rely on GlobalData for trusted, timely, and actionable intelligence. Our mission is to help our clientele ranging from professionals within corporations, financial institutions, professional services, and government agencies to decode the future and profit from faster, more informed decisions. Continuously enriching 50+ terabytes of unique data and leveraging the collective expertise of over 2,000 in-house industry analysts, data scientists, and journalists, as well as a global community of industry professionals, we aim to provide decision-makers with timely, actionable insights.

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