DONG to sell oil, gas business by yearend

DONG Energy, Fredericia, Denmark, expects to sell its oil and gas exploration and production business by yearend.

The company reported 115,000 boe/d of oil and gas production in 2015—90% in Norway and 10% in Denmark.

In a financial report, the company said its full-year 2016 statements will treat its oil and gas segment as “discontinuing operations.”

DONG’s other activities are wind power and Danish utility businesses.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...