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
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
