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April 28, 2015 3:25 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, Norway, Sweden, Germany, and the Netherlands. The company's Thermal Power segment generates and sells elec...

Kraftværksvej 53 - Skærbæk

Fredericia,  7000

Denmark

Founded in 1972

6,500 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: 47
Chief Financial Officer, Executive Vice President and Member of Executive Board
Age: 49
Group Executive Vice President and Chief Executive Officer of Exploration & Production
Age: 52
Vice President
Executive Vice President
Age: 48
Compensation as of Fiscal Year 2014.

DONG Energy AS Key Developments

DONG Energy AS, Q1 2015 Earnings Call, Apr 28, 2015

DONG Energy AS, Q1 2015 Earnings Call, Apr 28, 2015

DONG Energy Takes Over US Offshore Wind Development Project

DONG Energy has agreed to take over RES Americas Developments Inc.'s (RES) more than 1,000MW newly assigned development project rights off the coast of Massachusetts. At the offshore wind auction held by BOEM (Bureau of Ocean Energy Management) on 29 January 2015, RES secured the rights to develop one of the two leases that were awarded. The lease comprises an area that could potentially accommodate more than 1,000MW. Following approval from BOEM, the lease will be taken over by DONG Energy. RES Americas will continue to support development of the lease area as agreed with DONG Energy. Entering the US offshore wind market earmarks DONG Energy's entry into the first project outside Europe.

DONG Energy A/S Signs Agreement with Vestegnens Kraftvarmeselskab to Supply Green Heat from Avedore Station

DONG Energy A/S and Vestegnens Kraftvarmeselskab I/S, or VEKS, have signed a new agreement, which reportedly means that from 2016 until 2033, unit 1 at Avedore Power Station will be able to supply green heat to VEKS's customers. The last CHP unit at Avedore Power Station will be converted making it able from 2016 to use wood pellets as fuel instead of coal. This can provide green heat for an additional 65,000 households in the Greater Copenhagen area. From the autumn of 2016, the large power station in Denmark will be able to generate heat based entirely on wood pellets and straw instead of coal and gas. The conversion which is financed by DONG Energy and VEKS will be initiated in April this year and is expected to be completed during the autumn of 2016. With this conversion, the coal-fired unit 1 will also be able to use wood pellets and in future, wood pellets will be used as primary fuel for heat generation.

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April 7, 2015
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