Gulf NOCs green their operations

Pressure growing to abate emissions through deployment of solar and CCUS as oil production capacity continues to rise

Global pressure to decarbonise is driving Gulf oil companies to consider moves into blue hydrogen and other clean energy ventures while their government owners pursue long-pledged economic diversification with renewed vigour. But without the option—open to the international majors—to change the basic composition of their asset bases, both parties will remain heavily dependent on pumping crude for the foreseeable future. Meeting corporate and national emissions-reduction targets will therefore depend chiefly on abating emissions from current operations. Adnoc and Saudi Aramco continue to be motivated also by an increasing national shortage of natural gas and by the potential to harness