Search results for: dong

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  • 11 May 2015
    Business & Finance, Equipment, Operations & Maintenance

    Sweden-based MMT has recently completed a pipeline inspection for Dong E&P in the North Sea, Danish sector. MMT was earlier awarded a long term service agreement with Dong Energy Exploration and Production and has been performing the annual inspection on the Dong pipelines in the North Sea since 2008. This was the eight year in a […]

  • 6 April 2017
    Business & Finance

    DONG Energy’s UK Country Chairman Brent Cheshire will retire in June after 13 years with the company. Matthew Wright, who comes from a position as CEO of Southern Water, has been appointed to succeed Brent Cheshire and will become the new Managing Director of DONG Energy UK effective of 1 June 2017. Brent Cheshire was […]

  • 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.

  • 17 January 2017
    Business & Finance

    China’s Winning Shipping has purchased two Capesize bulk carriers from South Korea’s shipping company Dong-A Tanker (DAT), according to data provided by VesselsValue.  The vessels in question are the 179,600 dwt Dong-A Leto and the 179,200 dwt Dong-A Ether and they were bought for USD 21.85 million and USD 24.65 million, respectively. Market value of Dong-A Leto currently […]

  • 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. 

  • 24 May 2017
    Business & Finance

    DONG Energy today agreed to divest the entire share capital of DONG E&P A/S to INEOS.

  • 7 August 2014
    Business & Finance

    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 Energy’s Board of Directors and as the […]

  • 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 […]

  • 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 […]

  • 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, […]

  • 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 […]

  • 2 October 2017

    DONG Energy has completed the divestment of its upstream oil and gas business to Ineos.

  • 4 February 2016
    Business & Finance

    DONG Energy recorded an operating profit (EBITDA) of DKK 18.5 billion (EUR 2.48 bn) in Fiscal Year 2015, a 13% increase compared to DKK 16.4 bn EBITDA in FY 2014, driven mainly by higher generation from offshore wind and higher levels of offshore wind farm construction activities for co-investors, the company said in its annual report today. […]

  • 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: […]

  • 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. […]

  • 23 October 2014

    Dong Energy’s buoy washed ashore at Biggar Bank earlier this week, attracting attention of spectators, writes North-West Evening Mail. Namely, one of Dong’s floating wind measurement buoys (FLiDARs), deployed at the north west corner of the West of Duddon Sands wind farm, got loose and ended up on Walney Island. “The coastguard and local harbour […]

  • 4 February 2016
    Business & Finance

    DONG Energy recorded an operating profit (EBITDA) of DKK 18.5 billion (EUR 2.48 bn) in Fiscal Year 2015, a 13% increase compared to DKK 16.4 bn EBITDA in FY 2014, driven mainly by higher generation from offshore wind and higher levels of offshore wind farm construction activities for co-investors, the company said in its annual report today. […]

  • 6 December 2016

    Oil and gas company Faroe Petroleum has completed the previously announced acquisition of interests in five Norwegian North Sea producing oil and gas fields from Dong Energy for a value lower than originally announced.  Back in July, Dong Energy decided to divest ownership of five producing Norwegian oil and gas fields to Faroe through its Norwegian subsidiary […]

  • 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. […]

  • 4 May 2017

    Danish energy firm DONG Energy has settled a dispute with Technip and Daewoo over a cancelled offshore platform order. To remind, in March 2016, DONG Energy and Bayerngas terminated the contract for the engineering, procurement and construction (EPC) of the Hejre platform with the Technip-Daewoo consortium. Technip (now TechnipFMC) and Daewoo have disputed the cancellation. In […]

  • 13 July 2016

    DONG Energy has chosen ERSG to provide contract professionals to support its Danish offshore wind farm projects over the next 5 years. Nigel Wilson, Head of Offshore Wind at ERSG said: “We are delighted to have been selected once again by DONG Energy to staff their Danish projects and my account management team and I […]