Saturday, November 16, 2019

Danish Energy Agency News

Denmark Swings to Net Oil Importer as North Sea Production Dips

file Image: CREDIT Maersk

A 25-year period for Denmark as a net oil exporter is set to end this year following output declines in the North Sea, the country's energy agency said on Thursday after slashing its long-term oil production forecast.The Danish Energy Agency expects this year's oil production to reach 128,000 barrels per day (bpd), down from 138,000 bpd last year and 10 percent…

Nord Stream 2 Seeks Alternative Route to Avoid Danish Waters

© Nord Stream 2 / Axel Schmidt

The Russia-led Nord Stream 2 consortium said on Friday it has applied to Denmark for an alternative gas pipeline route through the Baltic Sea that would avoid the Nordic state's territorial waters.Denmark is facing a dilemma on whether the project can be built near its Baltic coast and its parliament may pass legislation allowing it to veto the Nord Stream 2…

Sale of Maersk Oil to Total Complete

Total & Maersk Oil Photo courtesy Total

A.P. Møller - Mærsk A/S [A.P. Moller - Maersk] has received all regulatory approvals and has today completed the sale of Mærsk Olie og Gas A/S [Maersk Oil] to Total S.A. [Total], which was announced on 21 August 2017. A.P. Moller - Maersk has transferred its shares in Maersk Oil to Total and as consideration received 97.5 million Total shares equalling USD 5.6bn as of 7 March 2018.

Denmark Receives Nord Stream 2 Pipeline Application

The Danish Energy Agency has received an application from Nord Stream 2, a consortium consisting of Russia's Gazprom and international partners, seeking permission to construct part of a disputed pipeline through Danish waters. "The Danish Energy Agency will now look into the matter," it said in a statement. Last week, the European Union said it was seeking a…

DEA becomes Operator in Denmark

German upstream company DEA, based in Hamburg, applied for two concessions as part of the 7th licensing round Image DEA

The Danish Energy Agency has awarded DEA Deutsche Erdoel AG two licences in Denmark. The concession area of about 530 square kilometres is located in the southern Central Graben in the western part of the Danish North Sea. The German upstream company DEA, based in Hamburg, applied for two concessions as part of the 7th licensing round in October 2014. Together…

DONG Postpones Major Oil Project Offshore Denmark

DONG Energy <IPO-DONG.CO> has terminated a contract to build an oil and gas platform for its Hejre field, postponing indefinitely the major development offshore Denmark, the Danish majority state-owned utility said on Tuesday. DONG said the supplier consortium, Technip France and Daewoo Shipbuilding & Marine Engineering, had not been able to meet its commitments under the contract.

New Study Eyes Offshore Wind Farm Noise

Photo: Lloyd's Register

Energinet.dk – Denmark’s transmission system operator – will be working with experts from the Consulting business of Lloyd’s Register to measure underwater sound propagation for the Horns Rev 3 wind farm substation development. It is a collaboration that provides a critical approach on how to control noise transmission at sea, and will help to safeguard marine life as well as ensure a sustainable project delivery.

Denmark Predicts Steady Oil & Gas Production

Denmark expects to maintain its current production of oil and gas for the next two and a half years according to new estimates from the Danish Energy Agency on Friday. This year the production of crude oil is seen at 9.6 million cubic metres, equivalent to 60.4 million barrels, a marginal increase from estimates made a year ago. Next year the new forecast is 9.5 million cubic metres and for 2017 the agency expects 9.6 million…

Noreco Ink Deal with Denmark Partners

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Norwegian Energy Company ASA announces that it has reached an agreement with its joint venture partners in Denmark with respect to its forfeited licences and related abandonment liabilities. Noreco has terminated its joint venture and its participation in the Nini and Cecile oilfields (the “Licences”). According to provisions in the respective joint operating agreements…

Total in Talks to Give up Shale Licence in Denmark

Total is in talks with Danish regulators on giving up one of the two shale gas licences it has in the country, the Danish Energy Agency said on Thursday, in another setback for the French oil major's shale plans in Europe. Danish news website Finans, citing an unnamed well-placed source, earlier reported that Total had decided the play did not contain enough hydrocarbons to continue with exploration.

Total Ordered to Cease Shale Drilling a Day After Starting

Denmark's energy regulator said it had told Total to suspend exploration drilling at the country's first shale prospect a day after it began because the French energy giant had used a chemical not approved under an environmental plan. Total ceased drilling on the northern tip of Jutland on Wednesday after using a defoamer called Nullfoam, which had not been listed in an environmental impact assessment plan approved by local authorities…

Sweden Dwarfs Norway in New Wind Power, but Not for Long

Norway has lagged neighbour Sweden in attracting wind power projects but planned changes to tax rules are expected to lure investors back. Norway and Sweden launched a common renewable support scheme in 2012, the first of such kind in the world, to boost output from green energy sources, such as wind, solar and biomass, by 26.4 terawatt-hours (TWh) by 2020. While…

Record Interest in Danish Oil and Gas Licensing Round

Denmark has received a record number of applications for oil and gas permits in its latest licensing round, including from A.P. Moller-Maersk's oil unit, Royal Dutch Shell and Hess . The Danish Energy Agency said it had received 25 applications from 15 companies by Monday's midday deadline. The licensing round was restricted to the south-western end of Danish waters, but there were no specific areas or blocs involved.

Denmark to Join Shale Gas Quest in Europe

A town in northern Denmark has given the green light to French energy major Total to drill the first test wells for shale gas in the Nordic country where conventional gas output is dropping, a spokeswoman said on Thursday. Last year, Denmark consumed more energy than it produced for the first time since 1997. Though the country remains a net oil and gas exporter…