Search results for: dong-energy

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  • 21 September 2015
    Business & Finance

    Dong Energy is intending to pursue an initial public offering within 18 months, subject to market conditions. The Danish company announced last week it will initiate the preparations “to allow the IPO to take place as soon as possible.” Dong Energy will continue to strengthen its position with a diversified renewables portfolio based on leading […]

  • 8 November 2016
    Business & Finance

    After recently announcing it was no longer considering oil and gas as a long-term strategic commitment, Danish energy giant Dong Energy has confirmed it is exiting the oil and gas business to focus on renewables.  Namely, the company stated in late October that its strategic future lied with the development of a clean energy portfolio based […]

  • 2 October 2017

    The offshore wind giant DONG Energy has changed its name to Ørsted, following the sale of its upstream oil and gas business to INEOS on 29 September and the decision to shift to green energy. While the acronym DONG, which stands for Dansk Olie og Naturgas (Danish Oil and Natural Gas), went in line with the company’s business in the past, the name no longer fits the renewable energy player. 

  • 9 June 2016

    Danish energy company Dong Energy has completed its Initial Public Offering. Admission to trading in and official listing on Nasdaq Copenhagen of the shares of DONG Energy is expected to take place on June 9 2016. The company said that the final offer price was DKK 235 per offer share, valuing the company at DKK […]

  • 26 May 2016

    Danish energy giant Dong Energy has set a price range for its initial public offering set to be launched this month. The indicative price range has been set at DKK 200 to DKK 255 per share of DKK 10 nominal value. This range corresponds to an implied market capitalisation of DONG Energy of between DKK […]

  • 3 February 2017
    Business & Finance, Project & Tenders

    DONG Energy yesterday revealed its ambition to increase the installed offshore wind capacity to 11-12GW at the end of 2025.

  • 3 February 2017
    Business & Finance, Project & Tenders

    DONG Energy yesterday revealed its ambition to increase the installed offshore wind capacity to 11-12GW at the end of 2025.

  • 26 February 2015
    Business & Finance

    The Nomination Committee of Dong Energy A/S has nominated Lene Skole and Lynda Armstrong as new members to Dong Energy’s Board of Directors. Lene Skole is also nominated as the new Deputy Chair. The nomination of Lene Skole as new Deputy Chair is a natural consequence of the current Deputy Chair, Jørn P. Jensen, who will step down from […]

  • 26 February 2015
    Business & Finance

    The Nomination Committee of Dong Energy A/S has nominated Lene Skole and Lynda Armstrong as new members to Dong Energy’s Board of Directors. Lene Skole is also nominated as the new Deputy Chair. The nomination of Lene Skole as new Deputy Chair is a natural consequence of the current Deputy Chair, Jørn P. Jensen, who will step down from […]

  • 12 May 2016

    Danish energy giant Dong Energy is looking to launch an Initial Public Offering of its shares on Nasdaq Copenhagen. The company expects the IPO could be launched in the summer 2016. The Kingdom of Denmark, as majority shareholder, will sell part of its current shareholding in the IPO, while maintaining a 50.1% shareholding in DONG Energy […]

  • 2 October 2017
    Business & Finance

    Danish energy company DONG Energy (Dansk Olie og Naturgas / Danish Oil and Natural Gas) is changing its name following the sale of its upstream oil and gas business to INEOS on 29 September.

  • 9 March 2015

    Bloomberg on Friday reported that Danish energy company DONG Energy hired advisors to explore a potential spin-off or sale of its oil and gas exploration and production E&P business. Following the article, which Bloomberg wrote citing anonymous sources, DONG Energy issued the following statement: “It is DONG Energy’s policy not to comment on market speculation. However, […]

  • 20 February 2015
    Business & Finance

    Dong Energy has invested GBP 5.5 billion into the UK since 2004, with over GBP 4 billion committed to offshore wind. The company released these figures in today’s “Dong Energy in the UK“ report. Dong built its first UK offshore wind farm in 2004. By now, wind turbines installed by the company could supply power […]

  • 29 September 2014
    Business & Finance

    Following the award of the German supply contract from Dong Energy in 2012, ERSG has won another contract with the offshore wind energy developer to supply staff, this time to its UK offshore wind projects. Over the next 5 years, Dong Energy estimates the number of contractors required for UK projects alone to be in excess of 500. […]

  • 7 August 2014
    Business & Finance

    Danish energy company Dong Energy today announced that Thomas Thune Andersen was elected new Chairman of the Board of Directors of DONG Energy A/S at the company’s extraordinary general meeting. Benny D. Loft, acting Chairman of the Board of Directors since DONG Energy’s annual general meeting on 12 March, will continue as a member of DONG […]

  • 28 September 2017

    Danish energy company Dong Energy has received regulatory approvals for the divestment of its upstream oil and gas business to INEOS, and it expects to sever all ties to its oil and gas background on Friday, as part of its strategy to focus on renewables. Earlier this year, on May 24, DONG Energy said it would divest […]

  • 3 October 2013
    Business & Finance

    Carsten Krogsgaard Thomsen will step down as CFO after 11 years with DONG Energy. His successor will be Marianne Wiinholt, who comes from the position of Senior Vice President of DONG Energy’s Customers & Markets division. Marianne Wiinholt will thus replace Carsten Krogsgaard Thomsen on DONG Energy’s Executive Board. Henrik Poulsen, DONG Energy’s CEO, says: […]

  • 21 January 2014
    Business & Finance

    DONG Energy today signed an agreement to divest its sales activities in the Netherlands – DONG Energy Sales B.V. – to Eneco. DONG Energy has agreed with the buyer that the sales price will not be disclosed. The divestment is still subject to certain conditions, including merger control clearance in the Netherlands. The divestment will […]

  • 18 April 2012

    DONG Energy’s Board of Directors has decided to appoint Henrik Poulsen as the new Chief Executive Officer (CEO) of DONG Energy. Henrik Poulsen joins from TDC A/S, where he is currently CEO. He will take up his new role no later than 1 November 2012. Fritz Schur, Chairman of the Board of Directors, comments: ”The […]

  • 16 November 2016
    Business & Finance

    At an inauguration of its office today in Taipei, DONG Energy revealed its ambition to develop four offshore wind farms in the Changhua area in Taiwan. Taiwan has similar geographic conditions as Northern Europe, where the offshore wind developer currently has 3GW of offshore wind installed, and a solid regulatory framework in place which offers visibility for […]

  • 6 July 2015

    DONG Energy has awarded an eight year framework agreement to the Fife-based Briggs Group for the contingency and repair of export and array cables for offshore wind farms throughout the UK and Northern Europe. The agreement covers all DONG Energy’s sites in Europe, including nine offshore wind farms in the UK, five in Denmark and […]

  • 19 August 2015

    Dong Energy has reported a net profit of DKK 2.8 billion for the first half of 2015, an increase of DKK 1.3 billion compared to H1 2014. On back of the the strong earnings, the company has adjusted outlook for 2015 upwards with EBITDA lifted by Dkr1.5bn to between Dkr17bn and Dkr19bn for this year. […]