• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Energy

Hydrogen Wars: The UAE and Saudi Arabia are battling for dominance

4 years ago
in Energy, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
117
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Abu Dhabi National Oil Company (ADNOC) is in discussions with energy firms about stakes in projects, investments, and long-term contracts in the hydrogen industry, Bloomberg reports, citing sources familiar with the talks.

This is shaping up as another rivalry between the UAE and Saudi Arabia on top of the ongoing OPEC+ discord about oil production quotas.

ADNOC, the state-held giant pumping nearly all the oil in the United Arab Emirates, has already stated its ambition to explore the hydrogen market, especially that of blue hydrogen, produced by converting natural gas into hydrogen and carbon dioxide, with the CO2 then captured and permanently stored.  

Other Middle Eastern oil producers, including Saudi Arabia, are vying for a piece of the hydrogen pie as a growing number of governments pledge net-zero emission economies within three decades, while energy investors are increasingly looking at the green credentials of new projects.

ADNOC is now in search of investors to help it fund hydrogen export facilities, according to Bloomberg’s sources.

In April this year, ADNOC Group CEO and UAE Minister of Industry and Advanced Technology, Sultan Ahmed Al Jaber, said the state oil firm is keen to explore the hydrogen market with India’s public and private sectors to support India’s growing demand for energy and need for cleaner fuels.

“Granted Hydrogen is still in its infancy, it could be a game-changer and a real opportunity to accelerate the broader energy transition. An opportunity that ADNOC and the UAE are well placed to capitalize on,” Al Jaber said in April.

RelatedPosts

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

A month earlier, ADNOC and Korea’s GS Energy had signed an agreement to collaborate on the potential development of new value chains for blue hydrogen and carrier fuels, such as blue ammonia, in Abu Dhabi.

The UAE will be competing with other oil producers in the Arab Gulf in the hydrogen market, which experts see growing significantly over the coming decades. The UAE’s top rival would be none other than the world’s top oil exporter Saudi Arabia, which aims to become a leader in the hydrogen market, too.

Source: oilprice
Via: norvanreports
Tags: Abu Dhabi National Oil Company (ADNOC)battling for dominanceHydrogen WarsOPEC+UAE and Saudi Arabia
No Result
View All Result

Highlights

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

Trending

Features

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

August 2, 2025

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes Parliament has adjourned...

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.