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August 30, 2015 8:43 PM ET

Oil, Gas and Consumable Fuels

Company Overview of DONG Energy AS

Company Overview

DONG Energy A/S, together with its subsidiaries, engages in procuring, producing, distributing, and trading in energy and related products in Northern Europe. The company's Exploration and Production segment is involved in the exploration and production of oil and gas in Denmark, Norway, the United Kingdom, the Faroe Islands, and Greenland; and has an ownership interest in the Gassled gas pipeline network connecting the Norwegian fields with the European continent and the United Kingdom. Its Wind Power segment develops, constructs, and operates wind farms in Denmark, the United Kingdom, Germany, and the Netherlands. The company's Thermal Power segment generates and sells electricity and heat...

Kraftværksvej 53 - Skærbæk

Fredericia,  7000

Denmark

Founded in 1972

6,563 Employees

Phone:

45 99 55 11 11

Fax:

45 99 55 00 11

Key Executives for DONG Energy AS

Chief Executive Officer, President and Member of Executive Board
Age: 48
Chief Financial Officer, Executive Vice President and Member of Executive Board
Age: 50
Group Executive Vice President and Chief Executive Officer of Exploration & Production
Age: 53
Executive Vice President
Age: 49
Executive Vice President of Wind Power
Age: 45
Compensation as of Fiscal Year 2015.

DONG Energy AS Key Developments

Dong Energy Signs Turbine Supply Contract with MHI Vestas Offshore for German Wind Farm

Dong Energy has signed a conditional contract with MHI Vestas Offshore Wind for the delivery of V164-8.0 MW turbines for the 450MW Borkum Riffgrund 2 project in Germany. Located in the North Sea around 57km away from the north-west coast, the completed project is expected to meet the power requirements of nearly 460,000 German households. The project is expected to start generating power by the end of the year 2015. It is located next to the 312MW Borkum Riffgrund 1 offshore wind farm, which will be commissioned later in the year.

DONG, ScottishPower Renewables JV Announces Sale Of Transmission Assets

DONG Energy AS and ScottishPower Renewables (UK) Limited are planning to sell transmission assets worth £269 million at the Duddon Sands offshore wind farm in the UK.

DONG Energy AS Reports Earnings Results for the First Half Ended June 2015; Revises Earnings Guidance for the Year 2015

DONG Energy AS reported earnings results for the first half ended June 2015. For the period, the company reported EBITDA of DKK 10.4 billion compared with DKK 9.8 billion a year ago. This increase was due to a positive development in the underlying business as well as compensations, partly offset by divestment gains in 2014. Net profit was DKK 2.8 billion, up DKK 1.3 billion on first half of 2014. Cash flows from operating activities were DKK 6.5 billion, on a par with first half of 2014. Interest-bearing net debt increased by DKK 3.8 billion from the end of 2014 to DKK 7.8 billion at the end of June 2015. The outlook for business performance EBITDA for 2015 is adjusted upwards with DKK 1.5 billion to DKK 17.0 billion-19.0 billion relative to the announcement in the 2014 annual report on DKK 15.5 billion -17.5 billion. The upward adjustment reflects the strong earnings, including compensations, in first half 2015.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 21, 2015
Hornsea Zone in UK and the Project Rights to 3 GW Offshore Wind
Merger/Acquisition
April 7, 2015
RES America Developments Inc., U.S. Offshore Wind Development Off the Coast of Massachusetts
Merger/Acquisition
February 4, 2015
Round Three Hornsea Project One
 

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