Denmark

As European governments continue to investigate the damage to the Nord Stream systems and the possible end to Russian natural gas imports, the Baltics celebrated a new pipeline and pathway for Norwegian supply. Equinor ASA has signed a long-term sales agreement to deliver additional natural gas supplies to Poland via the Baltic Pipe system, which…

Russia’s state-controlled Gazprom PJSC has threatened a cut-off of natural gas supplies to Denmark and the Netherlands, and a partial reduction for Germany, as it continues to demand contract payments in rubles. On Monday, Denmark’s Ørsted AS and GasTerra BV in the Netherlands both reported they were notified by state-controlled Gazprom that it would halt…

European Union (EU) nations are likely to reconsider hydraulic fracturing (fracking) for its potential to promote energy independence and spur economic growth, according to consultant Frost & Sullivan (F&S).

Denmark-based Maersk Oil has purchased Devon Energy Corp.’s 25% stake in the deepwater Gulf of Mexico Jack prospect in the Lower Tertiary Trend. Maersk in December had agreed to pay $1.3 billion to purchase Devon’s interests in three Lower Tertiary projects: the Jack, St. Malo and Cascade (see Daily GPI, Dec. 23, 2009). However, working interest partners in St. Malo (Chevron Corp.) and Cascade (Petroleo Brasilerio) exercised preferential rights to purchase Devon’s interests (see Daily GPI, Jan. 26). Devon said the aggregate purchase price of its interests in the three prospects remains $1.3 billion; closings are expected by the end of March.

Denmark-based Maersk Oil has purchased Devon Energy Corp.’s 25% stake in the deepwater Gulf of Mexico Jack prospect in the Lower Tertiary Trend. Maersk in December had agreed to pay $1.3 billion to purchase Devon’s interests in three Lower Tertiary projects: the Jack, St. Malo and Cascade (see Daily GPI, Dec. 23, 2009). However, working interest partners in St. Malo (Chevron Corp.) and Cascade (Petroleo Brasilerio) exercised preferential rights to purchase Devon’s interests (see Daily GPI, Jan. 26). Devon said the aggregate purchase price of its interests in the three prospects remains $1.3 billion; closings are expected by the end of March.

Negotiations at the United Nations (UN) Framework Convention on Climate Change, which ended in Copenhagen, Denmark, on Saturday, produced a nonbinding agreement that could cost the United States and other developed countries $100 billion in coming years but, according to some critics, will do little to affect global climate change.

Houston-based Energy Solutions Inc. (ESI), the developer of gasand risk management software GASMAN, has been acquired byLICENERGY of Denmark. The deal is intended to create a company witha larger market presence in the transaction management andconsulting arena. Energy Solutions will be renamed Energy SolutionsInternational.