EnergyWatch

New Danish North Sea deal settled

The Danish government and companies operating in the North Sea have reached a new deal for oil extraction in the region. Maersk Oil says the agreement will allow for the full redevelopment of the Tyra gas field, which was otherwise facing closure.

Denmark's minister of finance Kristian Jensen (Danish Liberal Party, V) wrote on Twitter Wednesday evening CET that the government has settled a deal for the North Sea with the companies producing the oil in the region. The Ministry of Business wrote a similar statement.

Following the significant slide in the oil price, the companies behind the oil extraction have been looking to settle a new agreement that would make oil and gas extraction in the North Sea more profitable.

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

WindEurope warns against negative auction bids

If more countries introduce negative bids, where firms pay to establish wind projects, it could lead to higher electricity bills or more pressure on the supply chain, says the industry association.

BW Offshore halved bottom line in Q1

The Norwegian firm reports decline in several items compared to the same quarter of 2021 but predicts fine advancement in the rest of 2022, for which both floating wind projects and high energy prices show promise.

Equinor exits Russia

Norwegian oil company Equinor has taken its final step out of the Russian market by transferring joint venture assets to Rosneft.

Further reading

Related articles

Latest News

See all jobs