EnergyWatch

Dong report confirms oil and gas is on the way out

There is no doubt that the future Dong Energy will not focus on oil and gas. The impending 2016 financial report will present the oil and gas division as a discontinuing operation.

Photo: /ritzau/Magnus Holm/

When Danish energy company Dong Energy emerges with its annual report for 2016, oil and gas will be dealt with rather differently than the other divisions.

Thursday afternoon, Dong announced that Oil & Gas will be presented as a discontinuing activity in the 2016 financial report, following Dong's prior announcement in the third quarterly report, where it revealed that the company had launched a process with the goal of ultimately divesting of Dong's oil and gas activities.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted aims to be number one on carbon capture

The utility hopes to win the Danish carbon capture and storage tender with a plan to capture 400,000 tonnes of CO2 by 2025 from the company’s biomass-fired combined heat and power stations.

Nordex downgrades forecast

The German turbine manufacturer has had a rougher start to 2022 so far than expected, prompting the company to downgrade guidance by EUR 200m at minimum.

Further reading

Related articles

Latest News

See all jobs