440 Dong employees will be working under new management in a deal which could be worth upwards of DKK 8.7 billion (EUR 1.17 billion) for the Danish energy giant. Wednesday morning, Dong announced that the company has entered a deal with Swiss chemical giant Ineos concerning the sale of its oil and gas activities.
More specifically, the sale will be divided into an unconditional USD 1,050 million (EUR 939 million) cash payment on a debt-free basis, a conditional USD 150 million payment which applies to the separation plant in Fredericia, Denmark, as well as a payment of USD 100 million which is conditional on the development of the Rosebank field.
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
Get full access for you and your coworkers.
Start a free company trial todayMore from EnergyWatch
Ørsted CEO says confidence not shaken by malfunction boom in Danish offshore wind
Recent years have seen crashing rotor blades, cracked foundations, and burning nacelles on a handful of turbines in the birthplace of offshore wind. Problems notwithstanding, the Danish utility’s CEO is convinced that such issues will not undermine confidence in technology.
Green steel production solely in EU would need renewable additions of 370TWh, report states
Making the steel industry sustainable faces several major challenges; firstly the need to add staggering volumes of renewable capacity, and secondly, legislative reform, says lobby Hydrogen Europe in a report.
HitecVision closes first green transition fund
Nordic pension funds are among the investors in the first private equity fund targeting the green transition launched by Norway's largest private equity firm, which has been focusing on the offshore energy industry for more than 30 years.
Siemens Gamesa lands 346MW deal in India
This order of 96 turbines brings the manufacturer’s total orders for its 3.X platform in India up to 1.4GW.
Nel doubles production capacity at Norwegian plant
The Norwegian electrolyzer manufacturer plans a two-fold extension of production capacity at the Herøya factory to accommodate booming demand.
Technically skilled Project Manager for a new function in eMobility Delivery in Norlys Energi 
Lead Commercial Analyst 
HV Specialist for newly created position 
Senior Transaction Manager, M&A and Project Financing 
GMP Compliance Consultant to Eltronic in Ballerup 
Director Projects & Technology 
Senior Reservoir Engineer 
Senior Project Manager for the offshore wind industry 
Heat pump Consultant and Coordinator 
Finance controller / project manager for Evida's operation and maintenance department 
The Climate Council is looking for a student assistant with an interest in the climate area, good understanding of numbers and analytical sense 
Consultant to work with the important role of power plants in the green energy system of the future 
A lawyer (chief consultant) is wanted for People & Culture 
Senior Project Manager