In The Spotlight
Around US$200bn worth of deals were signed between the Iraq’s Ministry of Oil and American companies during the visit of Iraqi Prime Minister Ali AlZaidi to the USA, as Iraq seeks to grow oil production and address the shortfall of domestic gas production required to power the grid
Speaking during an interview on Al-Iraqiya News, the Minister confirmed that the agreements concluded during the Prime Minister’s visit will significantly boost crude reserves, increase production and provide employment and technical training opportunities across the country.
Pursuing alternative export routes
They include agreements for the revival of a pipeline running from Kirkuk in northern Iraq through Syria to the port of Baniyas, thereby enabling Iraqi oil to be exported without transiting the Strait of Hormuz.
Chevron is reported to be forming a consortium with US-based TI Capital and a group owned by the Syrian-Qatari Al-Khayyat brothers to establish the pipeline network, following the signing of a co-operation agreement between Iraq and Syria to reconstruct the defunct Iraq-Syria crude oil pipeline.
Oil-dependent Iraq is actively pursuing alternative export routes, having seen production drop by more than half with the closure of the Strait of Hormuz, throwing it into severe economic difficulties. Around 90% of its output passed through the Strait before the conflict. The Basra–Haditha–Kirkuk–Ceyhan route is also being considered, which would connect southern Iraq to Turkey’s Mediterranean port of Ceyhan. Earlier this month, the cabinet authorised Basra Oil Company to sign a consultancy services contract with US engineering firm KBR for the proposed Basra–Haditha oil pipeline project, supporting the technical development of the planned export route. Iraq is also looking to export crude oil and naphtha by trucks, through ports in Syria.
Iraq, OPEC’s second largest producer, has a sustainable capacity of 4.9mn bpd and is reported to have ambitions to raise production to 7mn bpd. With the oil and gas sector still accounting for 53% of GDP, 88% of revenues and 91% of exports according to the World Bank, Iraq is reported to be lobbying for an increase in its OPEC quota, currently standing at 4.3mn bpd. Major development and rehabilitation of oilfields is underway with the participation of international oil companies.
Progressing development of Kirkuk oilfields
Also signed during the Iraqi Prime Minister’s visit was an agreement between ConocoPhillips and bp for ConocoPhillips to acquire a 42% interest in BP Energy Company of Kirkuk Limited (BP ECKL), supporting the ongoing redevelopment of four large-scale, currently producing oil fields in the Kirkuk area of northern Iraq. BP ECKL holds the Development and Production Contract (DPC) which covers an initial phase of oil and gas production of more than three billion barrels of oil equivalent from the prolific Baba and Avanah domes of the Kirkuk oil field and the adjacent Bai Hassan, Jambur and Khabbaz fields in Federal Iraq, all currently operated by the Northern Oil Company (NOC). The contract area also includes additional exploration potential.
Ryan Lance, chairman and chief executive officer said, “Consistent with our focus on capital discipline, we see an opportunity to create value through a capital-efficient redevelopment program that leverages a large existing production base, while also offering meaningful exploration upside. We look forward to working with bp and the Government of Iraq to support the continued redevelopment of these historically significant fields in an important energy-producing region.”
bp agreed terms with Iraq for the development of the Kirkuk oilfields in early 2025. Chief executive officer Meg O’Neill said, “Kirkuk is a world-class resource base that can support Iraq’s long-term energy ambitions while creating value for both the country and bp.”
During the Iraqi Prime Minister's visit, Chevron also signed agreements to further develop the West Qurna 2 and Nasiriyah oilfields in Iraq.
While Halliburton has been awarded a contract by Basra Oil Company (BOC) to provide Integrated Field Management Services (IFMS) and Engineering, Procurement, and Construction Management (EPCM) for the development of the Bin Umar and Sindbad oil and gas fields in southern Iraq.The contract scope includes field development planning, production optimisation, digital solutions, and EPCM services for the two fields.
The Bin Umar and Sindbad development program is designed to increase oil production and expand the capture and use of associated gas for domestic supply. BOC estimates oil production could reach approximately 150,000 barrels per day and 300 million standard cubic feet of associated gas from Bin Umar field during the first five-year development phase. The project supports Iraq’s efforts to strengthen energy security and reduce reliance on gas imports, with current domestic gas production insufficient to power the grid.
The project will unlock more than 600 million standard cubic feet per day (scfd) of natural gas and associated gas liquids. (Image source: Adobe Stock)
ADNOC is accelerating its integrated global gas growth strategy with a US$6.2bn (AED22.6bn) final investment decision (FID) to develop the Umm Shaif Gas Cap in the Umm Shaif and Nasr offshore concession, Abu Dhabi, alongside its international partners TotalEnergies, Eni and China National Petroleum Corporation (CNPC)
The UAE holds the seventh-largest gas reserves in the world. As global demand for reliable, lower-carbon energy continues to grow, ADNOC is unlocking more of the nation’s gas resources and expanding its LNG portfolio to meet the needs of its domestic and international customers and power industrial and AI infrastructure growth. ADNOC’s Ruwais LNG project, under development in AI Ruwais Industrial city, is scheduled to start commercial operations in 2028. Comprising two 4.8 mtpa liquefaction trains with a combined capacity of 9.6 mtpa, it will more than double ADNOC Gas’ existing operated LNG production capacity to around 15 mtpa. ADNOC will therefore be well placed to capitalise on the growing global LNG demand, expected to increase to nearly 700 million tonnes a year by 2050, up around 65% from 2025 levels, according to Shell’s 2026 LNG Outlook.
The FID for Umm Shaif Gas Cap is the latest development in the company’s gas growth strategy and will unlock more than 600 million standard cubic feet per day (scfd) of natural gas and associated gas liquids, equivalent to almost 10% of the UAE’s current daily gas consumption by 2030. (A gas cap is the natural accumulation of gas that sits above the oil column in a reservoir).
The investment will reinforce the UAE’s energy security and its role as a reliable global energy supplier, ADNOC says. It will integrate artificial intelligence, advanced technologies and robotics solutions to enhance efficiency, reduce emissions, and accelerate value creation, leveraging synergies with existing offshore facilities and clean power from the UAE grid.
The FID for Umm Shaif Gas Cap follows the Supreme Council for Financial and Economic Affairs’ (SCFEA) award of the concession agreement for the Bab Gas Cap, which has the potential to unlock an additional 1.5 billion (scfd) of natural gas and associated gas liquids. It also builds on ADNOC’s launch of a global LNG marketing and trading platform in Abu Dhabi Global Market (ADGM), which is targeting 47 million tonnes per annum of combined marketable LNG capacity by 2035.
The FID includes three engineering, procurement and construction (EPC) packages totalling US$5.1 bn (AED18.8bn) for large-scale offshore infrastructure awarded by ADNOC to consortiums including major UAE and international contractors. The development also includes a US$365mn (AED1.3 bn) 14-well drilling and integrated drilling services programme to be delivered by ADNOC Drilling over 18 months using three existing rigs.
His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC managing director and Group CEO, said, “ADNOC is accelerating its integrated gas strategy to further harness the UAE's vast gas resources and expand our global LNG platform, as global demand for natural gas continues to rise. The Umm Shaif Gas Cap FID is another important milestone in delivering this strategy and reinforcing ADNOC's position as a reliable gas supplier. Together with our international partners, we are building on decades of responsible stewardship of Abu Dhabi’s longest-operating offshore field to unlock lasting value for the UAE and our customers."
"We are delighted to reach this important milestone together with ADNOC and our partners. Following the recent award of the Bab Gas Cap concession, this FID marks another important step in developing Abu Dhabi's significant gas resources. This development will contribute to TotalEnergies' Upstream production beyond 2030 with low-cost and low-emissions resources,” said Patrick Pouyanné, chairman and chief executive officer of TotalEnergies.
Under the contact, Halliburton will deploy intelligent automation solutions for fracturing to optimise performance in real time and support disciplined implementation across multi-well campaigns.
In line with its ambitions to grow gas production by more than 60% by 2030 compared to 2021 levels, Aramco has awarded Halliburton a multi-year contract to deliver integrated stimulation and completion services for unconventional gas development in the Kingdom of Saudi Arabia
This award is part of a broader multi-billion contract, supporting one of the largest unconventional gas development programs globally, at the heart of which is the Jafurah unconventional gas development. The Jafurah field contains 229 trillion scf of gas-in-place and 75 BSTB of condensate-in-place. Production started in December 2025, with an ambition to ramp-up and deliver two billion scfd of sales gas by 2030, along with 420 million scfd of ethane, and around 630,000 barrels per day of gas liquids and condensates.
This award builds on Halliburton’s established portfolio supporting Aramco’s unconventional program. The company delivers a comprehensive suite of drilling and completion solutions across many of the Kingdom’s unconventional plays. This collaboration supports broader regional efforts toward integrated unconventional development programmes.
Operators in unconventional reservoirs and high-pressure environments require precision and speed to lower costs per well and improve production consistency. Halliburton’s hydraulic fracturing services combine reliable surface operations with scalable subsurface solutions that help reduce nonproductive time and support predictable execution.
Under the contact, Halliburton will deploy intelligent automation solutions for fracturing to optimise performance in real time and support disciplined implementation across multi-well campaigns supporting digital integration across operations while advancing efficiency and operational reliability.
OCTIV services are at the core of Halliburton’s intelligent fracturing ecosystem. OCTIV digital fracturing services enable frac automation, digital operations, and remote connectivity across all aspects of Halliburton’s hydraulic fracturing business. The services enable intelligent automation to maximise the performance and efficiency of equipment and operations. OCTIV automates digital workflows, information, and equipment across all aspects of fracture operations, for enhanced safety and efficiency.
While the Sensori fracture monitoring service is an easy to deploy, cost-effective fracture monitoring solution for continuous measurement and visualisation of the subsurface. It combines non-intrusive technologies, advanced data acquisition and processing, and real-time answers into a single, cost-effective solution that empowers operators with unparalleled visibility and control over fracture performance.
"This award highlights our long-standing collaboration with Aramco and builds on more than 80 years in the Kingdom, while advancing unconventional gas development in the Kingdom. Beginning in the third quarter of 2026, Halliburton will deploy the Kingdom’s first fully integrated intelligent fracturing platform through OCTIV Auto Frac and Sensori fracturing monitoring services to contribute to asset value for one of the world’s largest unconventional fields,” said Rami Yassine, president, Eastern Hemisphere, Halliburton.
To support development activities in the Jafurah Basin, Halliburton plans to increase its investment in local manufacturing, improve its supply chain, and expand workforce development programs within the Kingdom, in line with Vision 2030 objectives, aiming to scale operations and sustain high performance as unconventional activity accelerates.
TotalEnergies has signed agreement to secure partnership in the ADNOC Onshore-operated Bab Gas Cap Concession in Abu Dhabi, with a 10% interest, alongside ADNOC (60%), bp (10%), CNPC (8%), JODCO/INPEX (5%), ZhenHua (4%) and GS Energy (3%)
The new concession will enable the partners to develop the large gas cap resources of the Bab onshore field, with a target production rate of 1.5 billion cubic feet per day. It builds on the 2015 renewal for 40 years of the Onshore oil concession (formerly ADCO).
Since then, TotalEnergies, alongside ADNOC and its partners, has worked to advance the development of the Bab Gas Cap, which represents a significant growth opportunity. The project also aligns with Abu Dhabi’s strategy to expand both its liquids production from condensates and its gas output while reinforcing its LNG value chain, notably the Ruwais LNG project, in which TotalEnergies also holds 10% interest.
“I would like to thank the Supreme Council for Financial and Economic Affairs of Abu Dhabi for its continued trust. In the current context, this entry in a new concession underlines TotalEnergies’ commitment to stand alongside ADNOC, our historic partner in Abu Dhabi, and to keep contributing to the development of the United Arab Emirates’ significant hydrocarbon resources. The Bab Gas Cap project is well in line with TotalEnergies’ Upstream strategy by adding low-cost, low-emissions resources with significant potential for production growth,” said Patrick Pouyanné, chairman and CEO of TotalEnergies.
TWMA, the global leader in drilling waste management, has secured a three-year contract extension with a major operator in Egypt, reflecting the increased levels of drilling activity in the market and the heightened focus on environment protection
The Egyptian government is encouraging investment and incentivising exploration and production to reverse years of decline and reduce energy imports. These efforts seem to be paying off, with exploration drilling campaigns resulting in a number of promising discoveries being made recently.
More effective drilling waste disposal sought
As drilling activity scales, operators are seeking more cost-effective and efficient ways to dispose of drilling waste, while fulfilling their environmental compliance obligations. TWMA’s RotoMill technology, in contract to traditional methods, allows drill cuttings, slops and sludges to be processed directly at the wellsite.
TWMA’s Egypt operation processes an average of 10,000 metric tonnes of drilling waste per year using its specialist RotoMill technology. In addition to its onshore processing capability, the business provides both onshore and offshore pit and tank cleaning, along with comprehensive general waste management services. These services ensure that a broad range of hazardous and non-hazardous waste is managed safely, efficiently, and in full compliance with industry standards. TWMA Egypt employs a fully nationalised workforce across facilities in Cairo and Alexandria and its onshore facility in Alexandria.
The contract follows an initial three-year term, as the company celebrates its 20th year of local operations and approaches 16 years’ lost time incident (LTI) free.
Abdelrahman Amin, general manager – TWMA Egypt, commented, "Securing this contract extension as we celebrate 20 years in Egypt is a significant milestone for TWMA and reflects our long-standing partnership with local operators. Over the past two decades, we have continually invested in developing local talent and expanding our in-country capabilities as operators see the environmental and efficiency benefits of our solutions. This extension reflects the trust our customers place in our people and our industry-leading solutions, reinforcing our long-term commitment to Egypt’s offshore energy sector.”
Halle Aslaksen, CEO of TWMA, added, “Egypt has been a key anchor of TWMA’s international success and remains central to our ambitions across the Middle East and North Africa. As offshore activity in the Eastern Mediterranean continues to grow, we are strengthening and expanding our regional presence across both onshore and offshore services. This significant contract extension provides a strong platform to further advance these efforts.”
The contract extension is part of TWMA’s wider Middle East & North Africa growth strategy, including the opening of a new onshore processing facility in the UAE and an ambition to grow its presence across the region, as the optimisation of drilling processes and sustainability concerns come to the fore for operators.
See also: https://oilreviewmiddleeast.com/industry/twma-expands-in-the-middle-east
TA’ZIZ, a joint venture between ADNOC and ADQ, has signed long-term agreements spanning offtake, feedstock and sales across its chemicals portfolio, valued at US$28.5bn (AED104.6bn)
Signed at the Make it in the Emirates Forum, the agreements, valued at US$28.5bn, secure both global offtake and reliable local feedstocks, allowing for large-scale chemical production within the UAE and reinforcing TA’ZIZ’s role in building a fully integrated domestic chemicals ecosystem. The deals include sale agreements with ADNOC and Proman for methanol; Emirates Global Aluminium (EGA) for caustic soda; Mitsubishi Corporation for ethylene dichloride (EDC), vinyl chloride monomer (VCM) and caustic soda; Mitsui & Co. for EDC and caustic soda; Sanmar Group for EDC and VCM; Tricon for PVC, EDC and caustic soda; and Vinmar for EDC and polyvinyl chloride (PVC).
ADNOC Gas secured a 25-year feedstock agreement to supply natural gas to the TA'ZIZ methanol project valued at over $5 billion (AED18.4 billion). TA’ZIZ also agreed a 20 year salt supply agreement with Abu Dhabi based Sama Salt to support production at its PVC complex.
Mashal Saoud Al-Kindi, CEO of TA’ZIZ, said, “These long term agreements represent a defining milestone for TA’ZIZ and for the UAE’s industrial growth ambitions. By securing both global demand and reliable local feedstock, we are translating vision into delivery, anchoring world scale chemicals production, strengthening domestic value chains and creating enduring economic value, jobs and supply chain resilience for the UAE.”
Together, these agreements leverage local resources to secure a reliable and sustainable supply of critical raw materials, further strengthening domestic value chains and advancing the UAE’s industrial self sufficiency.
TA’ZIZ is a manufacturing, industrial services, logistics and utilities ecosystem that enables the production of transition fuels and new products across the chemicals value chain, supporting ADNOC’s ambition to become a top three global chemicals player as well as the UAE’s industrial development and economic diversification ambitions.
The TA’ZIZ Industrial Chemicals Zone is set to produce 4.7 million tonnes per annum (mtpa) of chemicals once construction is completed in 2028. This includes a 1 mtpa ammonia plant, a 1.8 mtpa methanol plant and 1.9 mtpa of marketable products from its integrated polyvinyl chloride (PVC) complex. The PVC complex, which produces PVC, ethylene dichloride (EDC), vinyl chloride monomer (VCM), and caustic soda, will be one of the world’s top three largest single site PVC complexes.
Also at the Make it at the Emirates Forum, TA’ZIZ and Alpha Dhabi Holding announced a strategic collaboration agreement for around US$10 bn (AED36.7bn) in capital investment in new industrial chemicals in the TA’ZIZ industrial chemicals ecosystem in Al Ruwais Industrial City, Al Dhafra region of Abu Dhabi.
The partnership could produce up to 14 new chemicals, delivering around 2.2mn tonnes per annum (mtpa) of additional chemical capacity in the TA’ZIZ industrial chemicals ecosystem in Al Ruwais Industrial City. The new chemicals, which include styrene and polystyrenes, acrylic acid and derivates, polyols, MDI, epoxy resins and linear alpha-olefins, are based on domestic demand and could substitute key products currently imported into the UAE, while strengthening local supply chain resilience. The partnership supports the UAE’s national industrial priorities, including the Make it in the Emirates (MIITE) initiative and the country’s industrial strategy, by strengthening domestic manufacturing capability and advancing self-sufficiency in strategically important chemical products.
Under the contact, Halliburton will deploy intelligent automation solutions for fracturing to optimise performance in real time and support disciplined implementation across multi-well campaigns.
In line with its ambitions to grow gas production by more than 60% by 2030 compared to 2021 levels, Aramco has awarded Halliburton a multi-year contract to deliver integrated stimulation and completion services for unconventional gas development in the Kingdom of Saudi Arabia
This award is part of a broader multi-billion contract, supporting one of the largest unconventional gas development programs globally, at the heart of which is the Jafurah unconventional gas development. The Jafurah field contains 229 trillion scf of gas-in-place and 75 BSTB of condensate-in-place. Production started in December 2025, with an ambition to ramp-up and deliver two billion scfd of sales gas by 2030, along with 420 million scfd of ethane, and around 630,000 barrels per day of gas liquids and condensates.
This award builds on Halliburton’s established portfolio supporting Aramco’s unconventional program. The company delivers a comprehensive suite of drilling and completion solutions across many of the Kingdom’s unconventional plays. This collaboration supports broader regional efforts toward integrated unconventional development programmes.
Operators in unconventional reservoirs and high-pressure environments require precision and speed to lower costs per well and improve production consistency. Halliburton’s hydraulic fracturing services combine reliable surface operations with scalable subsurface solutions that help reduce nonproductive time and support predictable execution.
Under the contact, Halliburton will deploy intelligent automation solutions for fracturing to optimise performance in real time and support disciplined implementation across multi-well campaigns supporting digital integration across operations while advancing efficiency and operational reliability.
OCTIV services are at the core of Halliburton’s intelligent fracturing ecosystem. OCTIV digital fracturing services enable frac automation, digital operations, and remote connectivity across all aspects of Halliburton’s hydraulic fracturing business. The services enable intelligent automation to maximise the performance and efficiency of equipment and operations. OCTIV automates digital workflows, information, and equipment across all aspects of fracture operations, for enhanced safety and efficiency.
While the Sensori fracture monitoring service is an easy to deploy, cost-effective fracture monitoring solution for continuous measurement and visualisation of the subsurface. It combines non-intrusive technologies, advanced data acquisition and processing, and real-time answers into a single, cost-effective solution that empowers operators with unparalleled visibility and control over fracture performance.
"This award highlights our long-standing collaboration with Aramco and builds on more than 80 years in the Kingdom, while advancing unconventional gas development in the Kingdom. Beginning in the third quarter of 2026, Halliburton will deploy the Kingdom’s first fully integrated intelligent fracturing platform through OCTIV Auto Frac and Sensori fracturing monitoring services to contribute to asset value for one of the world’s largest unconventional fields,” said Rami Yassine, president, Eastern Hemisphere, Halliburton.
To support development activities in the Jafurah Basin, Halliburton plans to increase its investment in local manufacturing, improve its supply chain, and expand workforce development programs within the Kingdom, in line with Vision 2030 objectives, aiming to scale operations and sustain high performance as unconventional activity accelerates.
How do complacency and human factors contribute to workplace injuries, and how can you prevent complacency-related injuries and incidents?
That is the subject of a webinar hosted by HSE Review in association with SafeStart, to take place on Wednesday 1st April 2026 at 2pm GST, which will shine a light on the neuroscience behind competence, complacency and human factors.
Safety professionals have known for years that “complacency is a silent killer.” They have also suspected that complacency was a contributing factor in almost every unintentional injury or incident. Unfortunately, from a neuroscience perspective, it is impossible to stop people from becoming complacent once they are competent. And for high-risks tasks in particular, competence is a must.
Even more unfortunately, many (most) companies do not know what to do to help their employees deal with complacency, which leads to mind not on task/risk.
In this session, participants will:
• Understand the neuroscience behind complacency and why it cannot be eliminated once competence is achieved
• Recognise the two stages of the complacency continuum and how human factors impact critical decision-making
• Learn practical skills to prevent complacency-related injuries, including attentive habits, looking for risk patterns in others, analysing close calls and small errors to prevent agonising over large ones, and using self-triggering skills, to deal with rushing, frustration and fatigue which, when combined with complacency, can cause fatalities
• Explore how concepts such as fail-safe can help compensate for complacency leading to mind not on task.
Register for the webinar here
Our speaker is Larry Wilson, a pioneer in the area of Human Factors in safety. He has been a safety consultant for over 25 years and has worked on-site with hundreds of companies worldwide. Larry is the author of SafeStart, an advanced safety and performance awareness programme, successfully implemented in more than 4,500 companies in 75 countries, with more than five million people trained. He is the moderator of the SafeConnection expert panels series and has authored and co-authored a number of books, the latest being “25 Years of Original Thought-Innovations in Safety, Human Error and Performance”. Larry is also an active keynote speaker at health and safety conferences around the globe (32 countries so far).
Participants are guaranteed an hour of engaging and thought-provoking interactive discussion and debate and will take away the understanding, skills and strategies to help prevent complacency-related injuries and incidents.
So don’t delay, register for the webinar here
SafeStart Trainer Certification – Global Training Series
Following strong demand last year and impact across global markets, we’re also launching the SafeStart Trainer Certification – Global Training Series, starting with Dubai on 7–8 April 2026.
This is a practical, human factors–based certification designed to help organisations reduce incidents, strengthen decision-making, and improve overall safety performance, on and off the job.
Find out more information and register here:
The global hydrogen economy is evolving and is entering a new inflection point in 2026 amid shifting market realities, policy uncertainties and execution challenges
That’s according to Hydrogen in Oil and Gas, a new report from leading intelligence platform GlobalData, which reveals that as of February 2026, active low-carbon hydrogen capacity stood at around 2.2 million tonnes per annum (mtpa), with over 460 projects in operation, compared to 104 in 2020. However, demand uncertainty and limited investment are barriers constraining the development of new low-carbon hydrogen projects, particularly in North America, where policy change has negatively impacted certain high-profile projects.
GlobalData projects that global hydrogen production capacity could reach 82.3 mtpa by 2030, taking into account the active under development projects, but around 57% of projects due to start by then are still at the feasibility stage, and are unlikely to be commissioned on schedule.
Ravindra Puranik, Oil and Gas Analyst at GlobalData, commented, “Despite an impressive increase in count of active low-carbon hydrogen projects, capacity additions remain far below the levels needed to meet the near-term targets set by the IEA Net Zero Emissions (NZE) scenario.”
GlobalData notes the scarcity of large-scale projects, with only 10 of the 2,335 upcoming projects worldwide having capacities exceeding 1 mtpa and a few others touching the 0.5 mtpa mark. Among the 10 high-capacity projects, nine are for green hydrogen, and one is for blue hydrogen.
Puranik continues: “Despite accounting for the bulk of the project numbers, the cumulative capacity of green hydrogen initiatives remains relatively modest. Thus, their output is not large enough to displace established energy sources, such as natural gas or utility-scale renewables. Developers face significant challenges in scaling up, including overcoming infrastructure constraints, securing long-term offtake agreements, and ensuring financial viability. Until more large-scale progress through the development pipeline, hydrogen’s share in the global energy mix will likely remain constrained.”
“Looking ahead to 2030, global low-carbon hydrogen capacity is expected to expand once demand picks up, backed by increased private investment and supportive policy frameworks, as it is a critical energy source to achieve corporate net-zero commitments. Nevertheless, achieving these ambitions will require overcoming persistent financial, regulatory, and infrastructure barriers in the near term to ensure that project announcements translate into operational capacity by the end of the decade.”
Among oil and gas majors, BP leads in green hydrogen, with nearly 3 mtpa of active and upcoming capacity with projects in Mauritania, Australia, and across Europe. TotalEnergies has also increased its focus on green hydrogen projects, alongside industrial gas leaders like Air Liquide and Air Products. Meanwhile, Shell and Equinor are expected to lead in blue hydrogen capacity by 2030.
Middle East developments
As for the Middle East, DNV forecasts that region is on track to become the biggest hydrogen exporter by 2060 — not only sustaining its share of global hydrocarbon supply but potentially expanding it. By 2060, the Gulf Cooperation Council (GCC) is projected to produce 19 million tonnes of hydrogen annually, alongside significant growth in ammonia exports, DNV’s Oil & Gas Decarbonisation in the Gulf Region report says. Integrating hydrogen production with CCUS, renewables and existing industrial clusters will enable “cost-competitive pathways” that support decarbonisation across domestic and international value chains, DNV adds.
Currently, hydrogen demand in the GCC is driven almost entirely by its role as an industrial feedstock, but it is now evolving to a strategic energy carrier. Despite this transformation, hydrogen and its derivatives are projected to contribute just 3.1% of the region’s total final energy consumption by 2060 – well below the global average of 6%, according to DNV, reflecting both the region’s slower initial update of hydrogen and its abundant low-cost fossil fuel resources.
See more on DNV’s Oil & Gas Decarbonisation in the Gulf Region report in the latest issue of Oil Review Middle East here

