Dong confirms end of stabilisation period, becomes biggest IPO
Dong Energy today confirmed the end of its stabilisation period.
Dong Energy today confirmed the end of its stabilisation period.
DONG Energy could be valued at up to $16billion, potentially making it Europe's biggest flotation this year.
Europe's biggest oil companies, reeling from losing billions in the two-year oil market rout, are intensifying their push into renewable energy as they hunt for new sources of future revenue.
Dong Energy said it intends to launch an Initial Public Offering (IPO) of its shares on the stock exchange in Copenhagen.
Denmark's DONG Energy has sold its gas distribution grid to state owned Energinet.dk for DK2.3billion as it moves towards flotation.
Wind power helped Denmark's Dong Energy to increase profits in the first quarter of 2016.
Dong Energy is said to have reduced its headcount by 175 positions.
Denmark's DONG Energy announced Tuesday that it has decided to terminate the EPC contract for the Hejre project after it claimed the supplier consortium failed to meet its contractual commitments.
Tekmar Energy has landed a deal with Dong Energy for its Race Bank offshore windfarm.
Dong Energy is expanding its liquefied natural gas trading business to profit from more global supply heading to Europe.
Danish state owned energy company Dong Energy is to reduce its oil and gas headcount by more than a third by the end of the March.
Offshore wind has propelled Danish energy company Dong to an a record breaking operating profit in 2015 of £1.8billion as the company signalled its intention to shift its focus from oil and gas to renewables.
Dong Energy said it has made a final investment decision to build the Hornsea Project One offshore windfarm in the UK.
Umbilicals specialist JDR has appointed two new non-executive directors to its board.
Workers had to be evacuated from a drifting installation vessel in the North Sea, according to reports.
Danish state-owned utility Dong Energy IPO-DONG.CO said on Tuesday it would keep its oil and gas unit as part of its anticipated initial public offering (IPO), but that it would write down about 16 billion Danish crowns ($2.32 billion) of the business. The world's biggest offshore power developer announced in September plans to pursue an IPO of its shares within 18 months.
Dong Energy has appointed Henrik Brünniche Lund as its new investor relations director.
Dong Energy is to construct the world's biggest wind farm, 12 miles off the UK's west coast and investing more than £10million in the project.
Subsea cable protection specialist Tekmar has been awarded a major contract for a wind farm on the north west cost of England.
Dong Energy is to divest 50% of the 330MW German offshore wind construction project, Gode Wind 1, to a private equity fund for €780million.
Denmark's Dong Energy has taken a step closer to delivering one of the world's biggest offshore development zones.
Danish energy company Dong has bucked the recent trend of gloomy half-year results by announcing a doubling of profits in the first half of 2015.
Dong Energy has made changes to its board of directors. Jorn Jensen will step down from his position as deputy chair at the annual general meeting next month. Lene Skole and Lynda Armstrong have been nominated as new members to Dong Energy’s board of directors.