Vestas, a Danish wind energy firm, announced in September that it would be establishing an onshore wind turbine tower with a hub height measuring 199 meters. The giant structure is Continue Reading
Danish energy group Orsted said on Tuesday it would be able to source natural gas from the European gas market after Russian state gas firm Gazprom (GAZP.MM) announced it would Continue Reading
Denmark has joined the list of countries refusing to pay for Russian gas using a ruble conversion scheme, prompting the country’s state-run gas company on Monday to warn that Gazprom Continue Reading
Denmark wants to temporarily increase its output of natural gas to help Europe wean itself off Russian energy. The Nordic country, which has pledged to stop the production of fossil Continue Reading
Danish energy firm Orsted (ORSTED.CO) has stopped sourcing Russian coal and biomass for its power plants but will continue to buy up to 2 billion cubic metres (bcm) of natural Continue Reading
A Danish project to store captured CO2 in North Sea reservoirs that were once filled with oil and gas moved a step closer to becoming operational, after winning approval from Continue Reading
Danish renewables company Ørsted, the biggest developer of offshore wind farms in the world, plans to invest the equivalent of over US$57 billion by 2027 as part of a new Continue Reading
Denmark has agreed to build an island in the North Sea that would gather and distribute electricity from wind energy farms. The 210-billion kroner ($34 billion) artificial island will be Continue Reading
Ørsted has taken final investment decision on the Danish demonstration project H2RES, which will use offshore wind energy to produce renewable hydrogen. ( Earlier post .) The project is expected Continue Reading
Denmark’s announcement that it would stop offering exploration licenses came down on the European oil and gas sector like a bolt from the blue. Not that it would be a Continue Reading
Denmark’s government agreed late Dec. 3 to end oil and gas exploration and production in the North Sea by 2050, as well as canceling its latest licensing round. Receive daily Continue Reading
A majority in the Danish parliament has signed an ambitious climate agreement seeking to reduce greenhouse gas emission by 70% by 2030 on a 1990 baseline, the Ministry of Climate Continue Reading
Denmark is moving forward with plans to build an artificial island tying in power from offshore wind farms of up to 10 gigawatts (GW) of capacity, more than enough to Continue Reading
Switzerland-based Allseas — which has been integral to laying the controversial Nord Stream 2 gas pipeline from Russia to Germany — has started laying the Danish section of the link Continue Reading
Denmark has granted Russia’s state-controlled energy company Gazprom permission to build a controversial gas export pipeline through Danish waters. The October 30 approval removes the last major regulatory hurdle for Continue Reading
New gas link to bring Norwegian gas to Poland Pipeline to pass through 242 km of Danish waters Construction set for start of 2020 London — Denmark on Friday approved Continue Reading
Russia’s Nord Stream 2 gas link project company has withdrawn its 2017 request for a route through Danish territorial waters in an attempt to speed up the permitting process. The Continue Reading
Orsted, the largest energy company in Denmark, which aims to become a global leader in offshore wind energy, has closed two transactions within the past four months as part of Continue Reading
The U.S. would be key to Ørsted’s efforts to grow its global footprint. The company has installed about 25% of the installed offshore-wind capacity in the world, according to Marcus Continue Reading
Denmark, one of the last countries yet to sanction Russia’s Nord Stream pipeline, is reviewing new route plans, the country’s energy agency stated Friday. Ture Falbe-Hansen, a spokesman for the Continue Reading
Denmark is under pressure to rule on whether a new Russian pipeline supplying gas to Germany can be built near its Baltic coast, a decision that puts it in the Continue Reading
A $30 billion divestment program will be completed this year even after an agreement to sell a Danish subsidiary dissolved, Royal Dutch Shell said Tuesday. Shell said an agreement signed Continue Reading
The Danish market for electric vehicles set a milestone with more than 1 million charges and 36 million miles since 2014, a utility provider said Thursday. German utility company E.ON Continue Reading
Danish energy company Maersk Oil said Friday it was moving ahead with a $3.3 billion effort to redevelop the offshore Tyra gas field, Denmark’s largest. “Tyra has been a key Continue Reading
Denmark passed a law on Thursday that could allow it to ban Russia’s Nord Stream 2 gas pipeline from going through its waters. The measure allows the government to ban Continue Reading
A company whose name stands for Danish Oil and Natural Gas is getting out of both businesses. Dong Energy AS DENERG -0.91% , Denmark’s majority state-owned energy company, is selling Continue Reading
The start of production from an oil field in the Danish waters of the North Sea could serve as a testing ground for future development, a German company said. The Continue Reading
COPENHAGEN, Denmark, Dec. 30 (UPI) — The lack of a viable economic solution for the largest natural gas field in the Danish North Sea means production will end in late Continue Reading
Shipment of light, sweet crude arrived in Louisiana last week First transport from Denmark in 12 years, EIA data show The U.S. imported crude from Denmark last week for the Continue Reading
Danish energy company Maersk Oil announced it was trimming its payroll in an effort to cut costs in response to the pressure from lower oil prices. Crude oil prices in Continue Reading
Danish oil company Maersk said it would manage its U.S. assets in the Gulf of Mexico from Copenhagen as it moves to shut down its offices in Houston. Directly employing Continue Reading
Maersk Oil confirms presence of hydrocarbons at exploration well in the Danish waters of the North Sea. File Photo by UPI/Shutterstock/James Jones Jr. COPENHAGEN, Denmark, May 12 (UPI) — About a month after starting production in the region, Maersk Oil said Tuesday, it found a new source of reserves in the Danish waters of the North Sea. Drilled in December, the company said it was able to confirm the presence of hydrocarbons in the Xana-1X exploration well in the northern part of the Danish sector of the North Sea. "At present the partners are in the process of assessing the technical and commercial implications of the discovery and looking at potential follow-up," Martin Rune Pedersen, managing director of the company’s Danish business unit, said in a statement. Analysis this year from Wood Mackenzie found the region brought in $19 billion in capital spending last year. With oil prices falling […]
Maersk Oil starts new production operations in Danish waters of the North Sea. Photo courtesy: Maersk Oil COPENHAGEN, Denmark, April 1 (UPI) — Danish energy company Maersk Oil said it started production from a North Sea platform that should provide Denmark with new reserves for the next 30 years. Maersk said it started production from the unmanned Tyra Southeast-B platform in the Danish waters of the North Sea. The facility is expected to add around 50 million barrels of oil equivalent to the Danish market for the next 30 years. Peak production is expected by 2017 through investments of more than $650 million. The investment represents the largest ever made by a Danish energy consortium, for which Maersk serves as the operator, since 2007. "This is an important step in Maersk Oil’s growth journey and it demonstrates that Denmark continues to be a core area for us," Maersk Oil […]
Danish oilfield services company Maersk cuts top staff to adjust to low oil price climate. Photo by Kyle Waters/Shutterstock COPENHAGEN, Denmark, Feb. 5 (UPI) — It would be "irresponsible" not to react to the low oil price climate and keep staffing levels in place, Danish oilfield services company Maersk Drilling said. Lead energy companies, from BP to Royal Dutch Shell, have announced plans to cut capital spending in 2015 as oil prices continue trading in a bear market. Though rising in recent days, the price of crude oil is about 50 percent less than June highs of about $100 per barrel. Maersk Drilling said market conditions meant there was a lower demand for offshore rigs, which meant it was forced to cut 90 positions from its head office. Chief Executive Officer Claus Hemmingsen said staff reductions were part of the effort to cut costs and improve corporate efficiency. "It […]
Denmark is the European Union’s (EU) only net exporter of oil. The Nordic state’s oil exports totalled approximately 13.7 million barrels of oil equivalent in 2013. This is in stark contrast to the EU’s only other significant oil producer, the UK, which became a net importer in 2004 and has experienced a steep decline in output since, as its historically productive North Sea fields reach extreme maturity. Denmark has maintained its status as a net exporter despite peak oil production in 2004. A strong shift towards wind power has seen a decrease in oil used for electricity generation while district heating systems traditionally fuelled by oil are now switching to natural gas and renewable sources. Denmark’s ability to hold on to its status as the EU’s last net exporter is likely to diminish in the long-term. Its North Sea fields continue to stutter and decline in output, seeing production […]
WASHINGTON, Dec. 4 (UPI) — The U.S. Geological Survey said the Alum shale reserve area in Denmark holds an estimated 6.9 trillion cubic feet of technically recoverable natural gas. The USGS study of Denmark is its first-ever assessment of the shale natural gas potential there. The results of the study were delivered Tuesday to the Geological Survey of Denmark and Greenland, which provided data to the USGS. The Alum shale area consists of an offshore and onshore section, with the latter accounting for the bulk of the estimated reserves. USGS said it doesn’t believe the area contains significant quantities of oil. Shale oil and natural gas extraction in North America has redefined the dynamics of the international energy market in part because the U.S. and Canadian economies are relying less on foreign energy reserves. USGS Acting Director Suzette Kimball said the Alum shale may be a potential reserve basin […]
