Should the UK power its CCUS ambitions with EOR?
Enhanced oil recovery could recycle carbon to sustain North Sea oil production while renewables are scaling up
The UK government’s Powering Up Britain report showcased its commitment to bolstering its support and spending on CCUS as the country strives to reach net zero by 2050, slash electricity prices and become a green leader in the global energy transition. According to the latest projections by the IEA, to deliver deep emissions reductions and limit global temperature increases to 2°C by 2060, 14pc of cumulative emission reductions must be derived from CCUS technologies. Svein Sollund, CEO of AGR Though £20bn ($24.9bn) was announced at the UK’s 2023 spring budget and two new CCUS clusters are under negotiation in the north of England, the P

Also in this section
14 May 2025
Deal with Calpine shows oil and gas major ExxonMobil has no intention of curbing its CCS ambitions, despite US policy risks and broader scepticism over the energy transition
13 May 2025
Volatile tariffs add new risks for a sector already struggling to achieve economies of scale
30 April 2025
State administrations are using a flawed metric to justify green energy projects
29 April 2025
Spain’s unprecedented blackout highlighted the risk for green hydrogen producers with exposure to Europe’s creaking power grids