Maersk’s Tyra field redevelopment secures Danish gas supply
The country’s main gas-producing field is to get a costly makeover, extending the life of North Sea developments
Approval of the $3.33bn redevelopment of the ageing Tyra field, operated by Maersk Oil offshore Denmark, is one more indication that the countries bordering the North Sea aren't going to give up on flagship assets that have served them well in the past without a fight, and a belief that European gas demand will support them over the coming decades. Tyra provides around 90% of Denmark's domestic gas supply so the extensive redevelopment required to keep it in working order is deemed worth the effort to ensure Denmark's energy security at a time when European gas demand is starting to pick up. The redevelopment has attracted a raft of financial incentives, recently approved by the Danish parli
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
