Regional
The Tyra field in the North Sea is set to cease gas production in 2042, but the Confederation of Danish Industry (DI) wants to extend it until 2050. Denmark should continue to extract its own gas in the North Sea at the Tyra II natural gas field until the very last moment in 2050, says Lars Sandahl Sørensen, chief executive of DI, at the official reopening of the gas field in Esbjerg. “We should reduce our dependence on oil and gas from countries outside Europe – especially from Russia. This makes Tyra II not just a Danish project, but a European opportunity,” he says. Today, Tyra II has permits to produce until 2042. This means that gas production will stop eight years before the Danish Parliament’s North Sea Agreement officially ends the Danish oil and gas adventure in 2050. The North Sea Agreement was concluded as a major climate policy achievement, with Denmark making its mark internationally by setting an end date for oil and gas production. If it were up to the Confederation of Danish Industry, climate policy should not be over-implemented by taking the field out of operation prematurely. “As part of the decision to reopen the Tyra field, we should reconsider the possibility of utilizing the existing licenses until 2050—and not just until 2042, when the current permits expire,” says Sandahl Sørensen. The Tyra field has been a fossil fuel source for Denmark with oil and gas production for decades since it was discovered in 1968. In 2019, however, gas extraction was put on hold because the drilling platform needed to be renovated. Production resumed in 2024, and on Monday the field was officially reopened with a ceremony at the Port of Esbjerg. For the Confederation of Danish Industry, it is a significant day. “The reopening of Tyra II marks a historic day for both Denmark’s and Europe’s energy security,” says Sandahl Sørensen.
Regional

DI wants to extend gas production in the North Sea

Tyra II currently has permits to produce until 2042, eight years before the Danish Parliament’s North Sea Agreement officially puts…
Nicola Connelly, CEO at SP Energy Networks, First Minster, John Swinney, Keith Anderson, CEO at ScottishPower with SP Energy Networks apprentices and graduates
Regional

ScottishPower opens new Edinburgh office in record £10bn investment in Scotland

ScottishPower is investing a record £10bn in Scotland as it embarks on a major electricity grid rewiring. Last week the…
Enquest
Regional

EnQuest: Government’s windfall tax has made North Sea oil ‘globally uncompetitive’

Labour must ‘act now’ to save Britain’s oil and gas sector and avert the ‘death of the UK’s energy transition…
north sea offshore
Regional

Increasing North Sea production found to not hinder UK emissions compliance

Wood Mackenzie finds the UK could increase North Sea production by 50% and still outperform the strictest international climate pathways…
Ithaca Energy's executive chairman Yaniv Friedman.Photo ITHACA ENERGY
Regional

Ithaca completes Cygnus acquisition

This is the second acquisition for Ithaca Energy this year London-listed independent Ithaca Energy has completed the acquisition of a…
offshore drilling
Regional

Shell begins production at Victory gas field in UK North Sea

The majority of the field’s recoverable gas is expected to be extracted by the end of this decade. Shell UK…
Ed Miliband, pictured with Rachel Reeves, is considering weakening his ban on North Sea drilling Credit- Ian Forsyth Getty Images Europe
Regional

Reeves signals North Sea climbdown in blow to Miliband

Rachel Reeves has suggested Labour will soften its crackdown on North Sea oil in a blow to Ed Miliband’s net…
Victory gas field
Regional

Shell starts production from Victory gas field in North Sea

Shell has started production from its Victory gas field in the North Sea, which at peak production can heat almost…
Port of Aberdeen
Regional

How Europe’s ‘oil capital’ glory days were ended by the global oil crash

The decline of North Sea industry in Scotland has triggered Aberdeen’s economic downturn In the early 1990s, one ATM on…
Harbour Energy to Expand Natural Gas Investments in Disouq, West Nile Delta
Regional

Harbour Energy to Expand Natural Gas Investments in Disouq, West Nile Delta

UK-based Harbour Energy plans to boost natural gas production from its projects in Egypt, including the Disouq field in the…

Podcast Banner

WellPro

Cegal banner

RCP

Westerton Access Banner

Quanta Banner

Advertise with OGV Energy

OGV - Advertise with us