Ineos: Of course our finances are strained

Ineos E&P Denmark continually focuses on reviewing costs as the oil crisis develops, says CEO Sebastian Koks Andreassen. He remains confident in the plan for the long-awaited Hejre discovery.

Ineos is currently reviewing its options within the heavily problematic market conditions, says Sebastian Koks Andreassen, CEO of Ineos E&P Denmark. | Photo: Foto: Bjørn Bertheussen, BB Photography

The chief executive of the Danish oil business of chemical giant Ineos is plenty busy these days. The coronavirus' ravaging hasn't made Sebastian Koks Andreassen dial things down. On the contrary.

As if the all-encompassing pandemic wasn't enough, oil companies right now struggle with the lowest oil price seen since 2002. This is due to the virus, but also to the fact that the biggest oil nations haven't been able to agree on handling the decreasing demand.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted aims to be number one on carbon capture

The utility hopes to win the Danish carbon capture and storage tender with a plan to capture 400,000 tonnes of CO2 by 2025 from the company’s biomass-fired combined heat and power stations.

Nordex downgrades forecast

The German turbine manufacturer has had a rougher start to 2022 so far than expected, prompting the company to downgrade guidance by EUR 200m at minimum.

Further reading

Related articles

Latest News

See all jobs