Two oil firms pull out of North Sea

Oct 25, 2013

Anger over the government’s decision to change taxation rules has led Bayerngas, a German oil drilling company, to abandon a 337 million kroner investment in the North Sea.

EWE, another German company, has also announced it was giving up its licence to explore for oil together with Bayerngas and Wintershall, a third German firm, in an area expected to contain 100 million barrels of oil.

EWE said its decision was part of a general plan to reduce its oil drilling activities.

The tax minister, Holger Nielsen, said he fully expected two other oil firms to take over the vacancies.

Erhverv & Økonomi

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Two oil firms pull out of North Sea

New US Arctic security strategy co-opts Denmark as Russia deterrent

Anti-whaling activist and Greenpeace co-founder Paul Watson arrested in Greenland

Migratory birds bring dangerous ticks to Denmark

Planes grounded in CPH as worldwide IT outage hits airlines, media and banks

CrowdStrike director: IT outage issue “has been identifed”

Foreign labour contributes DKK 76 billion to Danish economy in three months

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How internationals can benefit from joining trade unions

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