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
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
