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A transformative journey: oil & gas, CCUS and hydrogen in Europe
What are the challenges and opportunities for these sectors and how can they work together?
1 minute read
Neivan Boroujerdi
Director, Corporate Research
![](https://www.woodmac.com/siteassets/photography---our-people/neivan-boroujerdi_web.jpg?w=600&h=360&mode=crop¢er=0.5,0.5)
Neivan Boroujerdi
Director, Corporate Research
Neivan leads Wood Mackenzie's global corporate NOC coverage.
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ADNOC acquires 10.1% stake in CCUS player Storegga
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The challenges and opportunities in Europe’s oil & gas, CCUS and hydrogen sectors
Gail Anderson
Research Director, North Sea Upstream
![](https://www.woodmac.com/siteassets/photography---our-people/gail_anderson_web.jpg?w=600&h=360&mode=crop¢er=0.5,0.5)
Gail Anderson
Research Director, North Sea Upstream
Gail focuses on the Nigerian upstream industry and its gas and power sector.
Latest articles by Gail
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The challenges and opportunities in Europe’s oil & gas, CCUS and hydrogen sectors
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A transformative journey: oil & gas, CCUS and hydrogen in Europe
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The UK’s journey to net zero: an uncertain path ahead
Murray Douglas
Vice President, Hydrogen and Ammonia Research
![](https://www.woodmac.com/siteassets/photography---our-people/murray_douglas_web.jpg?w=600&h=360&mode=crop¢er=0.5,0.5)
Murray Douglas
Vice President, Hydrogen and Ammonia Research
Murray is responsible for Wood Mackenzie’s Global coverage across the hydrogen value chain.
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Featured
Hydrogen 2024 outlook
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The challenges and opportunities in Europe’s oil & gas, CCUS and hydrogen sectors
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Opinion
A transformative journey: oil & gas, CCUS and hydrogen in Europe
Mhairidh Evans
Head of CCUS Research
![](https://www.woodmac.com/siteassets/photography---our-people/mhairidh-evans-2_web.jpg?w=600&h=360&mode=crop¢er=0.5,0.5)
Mhairidh Evans
Head of CCUS Research
Mhairidh leads our global research on carbon capture, utilisation and storage (CCUS).
Latest articles by Mhairidh
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Carbon management frequently asked questions part 3: CCUS
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The challenges and opportunities in Europe’s oil & gas, CCUS and hydrogen sectors
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Our top five takeaway messages from the CCUS conference 2023
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A transformative journey: oil & gas, CCUS and hydrogen in Europe
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Opinion
The UK’s journey to net zero: an uncertain path ahead
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Opinion
Green LNG: can Australia prioritise decarbonisation in a high-priced world?
As well as huge offshore wind potential, the North Sea offers the opportunity to leverage existing gas infrastructure to establish hydrogen and CCUS industries, making the North Sea an important test bed for new technologies.
At the same time, linking domestically produced hydrogen with long duration energy storage could create a clean slate for European countries to design their energy security, removing dependency on imports.
The UK is traditionally seen as a safe place to do business, which counts in its favour for attracting these projects that will be so key to the energy transition. However, to ensure investment into low-carbon solutions like clean hydrogen and CCUS continues, a stable and reliable fiscal regime in relation to energy will be paramount.