Dong Energy said it plans to sell its divested oil and gas operations by the end of the year.
Dong Energy has increased its group operating profit guidance to DKK 24-25billion from a previous range of DKK 20-23billion for 2016.
Dong Energy has entered into an agreement to sell 50% of Race Bank, a 573 megawatt (MW) UK offshore wind farm project, to Macquarie European Infrastructure Fund 5 and Macquarie Capital, the principal investment arm of Macquarie Group – with equal interests.
Talks aimed at merging the oil businesses of Maersk and Dong Energy have stalled, a news report said, citing industry and banking sources.
Aqualis Offshore has won a deal to provide engineering consultancy services for a wind farm project off the coast of Denmark.
Faroe Petroleum said today it had finalised the acquisition of interests in five oil and gas fields in the Norwegian sector of the North Sea.
Electricity has been generated for the first time at Burbo Bank Extension Offshore windfarm.
Taiwanese officials officially opened Danish firm Dong Energy’s office in Taipei yesterday.
Dong Energy said it plans to quit its oil and gas business to focus on offshore wind power.
Dong Energy said earnings increased by 7% in its third quarter results driven by a 19% increase in wind power.
Dong Energy has said it may shed its oil and gas business as it looks to sharpen its efforts on wind power.
ODE has landed a three-year framework agreement with Dong Energy.
Dong Energy scored a victory for the “green revolution” yesterday after completing a £160million conversion of one of its power stations, which will now use wood pellets instead of coal.
A Maersk jack-up rig has been given early termination by Dong Energy after finishing up its work scope on the Jejre field in the Danish sector of the North Sea.
Plans for the east coast of England to become a hub for the emerging offshore wind industry received a boost Thursday, after Dong Energy A/S said it would invest in a “multi-billion pound” facility at the mouth of the river Humber.
Denmark’s National Audit Office has been asked to investigate Dong Energy A/S after members of the country’s parliament voiced concerns that the utility was sold too cheaply.
Dong Energy today vowed to appeal a Danish court's 'surprising' verdict.
Dong Energy has installed the first of the world's largest wind turbines taller than the London Eye at its windfarm off the coast of Britain.
The jack-up vessel that will install wind turbines for the Burbo Bank extension project off Liverpool bay has arrived in Belfast to collect components.
Wood Group has landed a framework deal with Dong Energy.
First half profits went up at Dong Energy (CPH: DENERG) as the Danish group’s thriving offshore wind business offset a drop in revenues from oil and gas. Dong Energy’s income from oil and gas fell by £20million to £280million, a slump which would have been worse had production not started up from the Laggan-Tormore gas project west of Shetland in February. Group revenues fell 7% to £3.95billion, though pre-tax profits shot up to £990million from £570million.
Atlas Professionals has netted a new five-year agreement to supply offshore logistics personnel and harbour supply to Dong Energy.
Faroe Petroleum has struck a deal to snap up $70million (£52.5million) on North Sea oil and gas assets from Dong Energy.
Dong Energy has decided to build the German offshore wind farm Borkum Riffgrund 2, which is expected to be fully commissioned in the first half of 2019.
A new maintenance facility is to be built to serve offshore wind farms, creating scores of jobs.