Chevron wins oil tender from Nordsøfonden

US oil behemoth Chevron will take over responsibility for oil sales from the stake of DUC owned by Danish state-owned oil and gas company Nordsøfonden.

Photo: Claus Bonnerup/ritzau

US oil giant Chevron has won the rights to sell the oil, which Danish state-owned oil and gas company Nordsøfonden will get from its 20 percent stake in the Danish Underground Consortium (DUC), writes the company in a press release, where it states that the deal takes effect on Jan. 1 2017.

The job consists of Chevron selling on the oil for Nordsøfonden when this oil arrives at the Danish port in Fredericia via pipelines, as well as making sure that there are tankers to receive the oil, etc.

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