Report: Dong Energy selling E&P business?

Bloomberg on Friday reported that Danish energy company DONG Energy hired advisors to explore a potential spin-off or sale of its oil and gas exploration and production E&P business.

Following the article, which Bloomberg wrote citing anonymous sources, DONG Energy issued the following statement:

“It is DONG Energy’s policy not to comment on market speculation. However, as previously made public, DONG Energy confirms that, in connection with the capital injection in DONG Energy in February 2014, it was agreed to prepare a plan for DONG Energy’s continued development ahead of a potential IPO. DONG Energy further confirms that the said process has been initiated and that J.P. Morgan has been engaged to advise on it.”

“The process is still at an exploratory stage and is not expected to be completed before the second half of 2015. At this point, different scenarios are being
investigated, but no decisions have been made. DONG Energy will make market announcements as and when final decisions may have been taken.”

 

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply