DONG to sell oil, gas business by yearend

DONG Energy, Fredericia, Denmark, expects to sell its oil and gas exploration and production business by yearend.

The company reported 115,000 boe/d of oil and gas production in 2015—90% in Norway and 10% in Denmark.

In a financial report, the company said its full-year 2016 statements will treat its oil and gas segment as “discontinuing operations.”

DONG’s other activities are wind power and Danish utility businesses.