| dc.description.abstract | In the broader context of the necessity of a sustainable transition, particularly in the field of energy production, this work focuses on the role of European Oil & Gas companies in the development of a newly growing hydrogen market.
In doing so, two main theoretical frameworks have been used. From one side, a Global Production Network derived perspective will focus on the role of big hydrocarbon companies in this newly established market, mainly by identifying them as lead firms. As a consequence, the relational bargaining of these companies vis-à-vis external actors, including the public sector, will be studied. Furthermore, strategies of risk management, as well as the geographical embeddedness of physical infrastructures and natural resources controlled by such companies, will be taken into consideration. In addition, a Multi-Level Perspective has been utilised, to better understand the ambivalent relationship between Oil & Gas incumbents, technological niche configurations, challenging the mainstream market of energy, with the implementation of new hydrogen technologies (such as blue and green).
This work relies on the utilization of qualitative data. More specifically, the main sources are secondary data derived from corporate reports, sustainability reports, media press releases, and other forms of information. In addition, primary data derived from semi-structured interviews will complement the data set.
Overall, this study concluded that the development of hydrogen is far from reaching viable economic solutions. Consequently, Oil & Gas firms are strategically boosting research and collaboration with niches and academy. This translates in a strategical diversification, useful to lower the economic risks derived from the sustainable transition in act. In addition, these companies have an active (and seldomly conflictual) relationship with the European legislation, particularly concerning the main typology of hydrogen to use to boost the market. | |
