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.

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.

More in General Interest