EnergyWatch

Dong settlement paves way for oil division divestment

The Hejre settlement is a good exit from a troublesome business venture for Dong Energy, determines a Sydbank analyst, who assesses that this will further ease the ongoing sales process.

With Thursday's settlement, Dong Energy will not have to include the case against Technip and Daewoo in its considerations regarding the ongoing oil division sale. | Photo: Dong Energy

Dong Energy reached a settlement Thursday in the case against suppliers to the failed Hejre field, marking more than just the end of one troublesome venture.

The suppliers allegedly delivered a top part to the platform which was too heavy to be installed. Meanwhile, the settlement could also smooth the process of the announced divestment of the oil and gas division, set to take place by the end of this year.

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

WindEurope warns against negative auction bids

If more countries introduce negative bids, where firms pay to establish wind projects, it could lead to higher electricity bills or more pressure on the supply chain, says the industry association.

BW Offshore halved bottom line in Q1

The Norwegian firm reports decline in several items compared to the same quarter of 2021 but predicts fine advancement in the rest of 2022, for which both floating wind projects and high energy prices show promise.

Equinor exits Russia

Norwegian oil company Equinor has taken its final step out of the Russian market by transferring joint venture assets to Rosneft.

Further reading

Related articles

Latest News

See all jobs