Klik venligst
danmarks-rederiforening.gif

The sale of DONG Energy E&P is approved

The sale of DONG Energy E&P is approved

29-09-2017 10:00:00


On May 24, 2017, DONG Energy announced that it had agreed to sell the entire share capital of DONG Energy's upstream oil and gas business, DONG Energy E&P A/S, to INEOS, and that the transaction was subject to a number of regulatory approvals.

"We are pleased to announce that the parties have received the Danish and Norwegian authorities' approval of the indirect transfer of oil and gas licenses in their respective countries," DONG Energy wrote in a stock exchange announcement.

As part of the transaction, INEOS assumes responsibility for settlement of all facilities. In accordance with Danish and Norwegian legislation, DONG Energy assumes a secondary responsibility for the settlement of existing Danish and Norwegian offshore facilities.

The total purchase price is 8,7 billion DKK. Of which INEOS pays 7 billion cash, while 1 billion is paid for in the Fredericia plant and up to 0,7 billion is subject to the development of the Rosebank field. The parties expect to complete the transaction today, Friday, September 29, 2017.

The deal does not affect DONG Energy's previously announced expectations for the financial year 2017 or the expected investment level announced by 2017.
Read more about the trade HERE

Source: DONG Energy / Maritime Denmark


Klik venligst

< Front page

Copyright © Maritime Denmark



Breaking News

- Watch out – here ships sail by themselves
- Fusion could reduce Hamburg Süd’s fleet
- Which flag should we use today…
- Former leader at Færgen hired by Molslinjen
- Maersk shall employ 200 for digital buildup
- Solstad Farstad gains orders in Australia
- Cosco beats Maersk Line in container volume
- Maersk closes the Hamburg Süd deal on Thursday
- Maersk Expands its Executive Board
- Rreform strengthens martime educations
- Express ferries approved for Bornholm
- Pirate attacks inhibits the growth of West Africa


Todays Top 5

- Ørsed closes the deal on Borkum Riffgrund 2


This weeks Top 10

- Maersk shall employ 200 for digital buildup
- Former port manager accused of embezzlement
- NK take over Færgen’s salary management
- Former leader at Færgen hired by Molslinjen
- Fusion could reduce Hamburg Süd’s fleet
- One dead after Maersk Interceptor accident
- Which flag should we use today…
- Watch out – here ships sail by themselves
- Esvagt keeps Nobelwind and Belwind running
- LORC launches new test facility on Lindø
Klik venligst
Klik venligst