BY KELD LOUIE PEDERSEN, FINANS
Approximately 75 million barrels of oil are transported annually via the Baltic Sea, but this is the closest the region has come to oil ventures.
This is despite the fact that data from the U.S. Geological Survey (USGS) shows that deep under the Baltic Sea there are considerable deposits of natural gas – up to 282 million barrels of conventional oil and 1,300 million barrels of shale oil. Plus approximately 17 billion cubic metres of natural gas and 130 billion cubic metres of shale gas.
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
Get full access for you and your coworkers.
Start a free company trial todayMore from EnergyWatch
Danish Prime Minister spurns Chinese giants for green energy push in the North Sea
Although Chinese wind turbine manufacturers have gained a dominant position in the global market, they should not be involved in the tenfold increase of green energy capacity in the North Sea, according to several players.
NKT has several cards to play in case of expansion
The Danish cable maker is currently considering options for expanding production and how to finance such a push. It could come about through a divestment of its Photonics division.
European Energy: Danish government runs risk of doing major harm to PtX
In the first quarter, European Energy has signed a deal concerning construction of a new PtX facility in the city of Aalborg as the most recent move in the third prong of activities, which primarily consist of solar and wind energy. But the company’s CEO warns of political short-sightedness.
Media: Power cable companies slapped with lawsuit in UK
British electricity consumers have launched a class-action lawsuit against three European cable producers, including NKT. The consumer allege that the companies have been inflating prices for a number of years.
Ørsted CEO warns of further price pressure in the North Sea
Mads Nipper lauds new deal and recommends keeping an eye on the price when coming auctions are drawn up.
Project Manager, Offshore Wind 
Analytically strong coordinator for management support 
Team Manager 
Head of Purchasing and Logistics - with commercial mind-set 
Director of technological development and projects in gas transmission 
Industry specialist and architect - Energy & Utility 
Data analyst / data scientist to develop the Danish electricity distribution network and support green transformation of Denmark 
Strategic Business Development Consultant 
Senior Expertise Director, Green fuels and PtX 
Senior Logistics Site Manager 
We are looking for project managers who will help shape the green transition and develop the business area "Sustainable Energy"