There are several benefits of hydrogen oil for the oil and gas industry and on a bigger environmental level. The following are some main benefits of hydrogen oil used for the energy transition:

• Hydrogen is one of the most abundant resources in the whole world. Even though it is hard to extract but still its abundance makes it readily available for the industry to utilize.
• The technology used for its extraction is quite efficient. Electrolysis produces hydrogen at approximately 75% efficiency and therefore doesn’t cause any risk in delaying the project. Hydrogen oil is one of the cleanest resources because there are no mixed toxins in it.
• It is the most convenient fuel for heavy transport and trains.
• Hydrogen oil enables the zero emission of greenhouse gases. It saves the environment from getting polluted, which means it never puts the climate at risk.
• Hydrogen is easy to store.
• Hydrogen fuel can be recharged in five minutes. This shows that it increases flexibility.
• Hydrogen oil is ideal for use in remote areas. It eliminates the transportation cost and people living in distant areas can easily get the resource. The local generation and storage enable the remote areas to get the non-polluted resource.
• The hydrogen resource has quite a versatile use. It includes hydrogen-powered vehicles, domestic products, large-scale heating systems, and other such usages.

While green hydrogen has many benefits as a clean and sustainable source of energy, there are also some disadvantages to consider:

• The production of green hydrogen is more expensive than other methods of hydrogen production, such as steam methane reforming. Nevertheless, as technology improves and economies of scale are accomplished, the cost of green hydrogen production is expected to decrease.
• Hydrogen has a very low energy density when it is stored in its gaseous form, which means it takes up a large volume for a given quantity of energy. This makes it difficult and costly to store and transport.
• The infrastructure for hydrogen production, storage, and distribution is currently limited. It requires a significant investment to develop the necessary infrastructure to produce and distribute hydrogen at scale.
• Power generation from solar and wind sources is dependent on weather situations, and the generation of electricity can be highly unpredictable.
• The construction and maintenance of large-scale renewable energy facilities such as wind and solar farms can have negative environmental impacts.
• Renewable energy sources are intermittency in nature, which means that the production of green hydrogen is not continuous, causing changes in hydrogen production.
• Hydrogen is a highly flammable gas and must be carried and stored with care to prevent leaks and fires.

While blue hydrogen has the potential to be a lower-carbon alternative to traditional hydrogen production methods, there are also some disadvantages to consider:

• Although blue hydrogen captures and stores the carbon dioxide (CO2) by-product, the process of producing hydrogen from natural gas still results in some carbon emissions.
• It relies on natural gas as a feedstock, which is a limited resource and a major source of greenhouse gas emissions. It also suggests a continued dependence on fossil fuels, rather than transitioning to fully renewable sources of energy.
• The process of capturing and storing CO2 is currently costly, which makes blue hydrogen more expensive to produce than gray hydrogen.
• The long-term storage of CO2 is uncertain and unproven, which causes questions about the environmental viability of blue hydrogen.
• Since hydrogen is a gas, it is difficult to store and transport efficiently in the large quantities required for widespread use. Additionally, the current infrastructure for natural gas is not well suited for hydrogen distribution, which can make it hard to scale up blue hydrogen production.
• There is a risk that the public may think that blue hydrogen to prolong the use of fossil fuels, which could negatively impact its acceptance as a lower-carbon replacement.
• CO2 storage is not 100% safe and can have leakage, if it happens the captured CO2 could return to the atmosphere, which represents a risk to the environment.