The Role of CO2-EOR for the Development of a CCTS Infrastructure in the North Sea Region: A Techno-Economic Model and Application

Scenarios of future energy systems attribute an important role to Carbon Capture, Transport, and Storage (CCTS) in achieving emission reductions. Using captured CO2 for enhanced oil recovery (CO2-EOR) can improve the economics of the technology. This paper examines the potential for CO2-EOR in the North Sea region. UK oil fields are found to account for 47% of the estimated additional recovery potential of 3739 Mbbl (1234 MtCO2 of storage potential). Danish and Norwegian fields add 28% and 25%, respectively. Based on a comprehensive dataset, the paper develops a unique techno-economic market equilibrium model of CO2 supply from emission sources and CO2 demand from CO2-EOR to assess implications for a future CCTS infrastructure. A detailed representation of decreasing demand for fresh CO2 for CO2-EOR operation is accomplished via an exponential storage cost function. In all scenarios of varying CO2 and crude oil price paths the assumed CO2-EOR potential is fully exploited. CO2-EOR does add value to CCTS operations but the potential is very limited and does not automatically induce long term CCTS activity. If CO2 prices stay low, little further use of CCTS can be expected after 2035

How can LNG-fuelled ships meet decarbonisation targets? An environmental and economic analysis

International shipping faces strong challenges with new legally binding air quality regulations and a 50% decarbonisation target by 2050. Liquefied natural gas (LNG) is a widely used alternative to liquid fossil fuels, but methane emissions reduce its overall climate benefit. This study utilises new emissions measurements and supply-chain data to conduct a comprehensive environmental life cycle and cost assessment of LNG as a shipping fuel, compared to heavy fuel oil (HFO), marine diesel oil (MDO), methanol and prospective renewable fuels (hydrogen, ammonia, biogas and biomethanol). LNG gives improved air quality impacts, reduced fuel costs and moderate climate benefits compared to liquid fossil fuels, but with large variation across different LNG engine types. Methane slip from some engines is unacceptably high, whereas the best performing LNG engine offers up to 28% reduction in global warming potential when combined with the best-case LNG supply chain. Total methane emissions must be reduced to 0.8–1.6% to ensure climate benefit is realised across all timescales compared to current liquid fuels. However, it is no longer acceptable to merely match incumbent fuels; progress must be made towards decarbonisation targets. With methane emissions reduced to 0.5% of throughput, energy efficiency must increase 35% to meet a 50% decarbonisation target