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Ineos to develop oil and gas project in Denmark

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Ineos to develop oil and gas project in Denmark - Financial Times

Quick Summary:

At the COP26 climate summit last year, the country, together with Costa Rica, formed a multinational group to end oil and gas production.

Denmark started extracting oil and then gas in the North Sea in 1972, with tax revenue a cornerstone in building and maintaining the country’s welfare state, but output has declined for years.

The country’s biggest gasfield, Tyra, has been under redevelopment since late 2019, with production not expected to resume until 2023.

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Article Details

Author / Journalist: Shotaro Tani

Category: MarketsFinanceInvesting

Topics: Denmark Production Country’s Energy First Financial Metres Ineos Cubic Danish Field

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 11:09:00

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 3 minutes read

Article Length: 517 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 492907

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About Financial Times

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Update Frequency: 19 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8h ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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Publisher ID: #3

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