COPENHAGEN, May 4 (Reuters) - DONG Energy said it has reached a settlement with Daewoo Shipbuilding & Marine Engineering and Technip over who bears responsibility for construction errors concerning an offshore platform for the idled Hejre field. The settlement clears a major hurdle for the Danish company's plans to divest its oil and gas unit to focus on its growing … [Read more...]
Denmark To Build Offshore Wind Turbine Higher Than Eiffel Tower
by Jess Shankleman (Bloomberg) Offshore wind turbines are about to become higher than the Eiffel Tower, allowing the industry to supply subsidy-free clean power to the grid on a massive scale for the first time. Manufacturers led by Siemens AG are working to almost double the capacity of the current range of turbines, which already have wing spans that surpass those of … [Read more...]
Oil Majors Plunge Into Industry That May Hurt Fossil Fuel
By Jessica Shankleman (Bloomberg) -- Big oil is starting to challenge the biggest utilities in the race to erect wind turbines at sea. Royal Dutch Shell Plc, Statoil ASA and Eni SpA are moving into multi-billion-dollar offshore wind farms in the North Sea and beyond. They’re starting to score victories against leading power suppliers including Dong Energy A/S and … [Read more...]
Solstad Construction Vessels Find Offshore Wind Work
Norwegian supply vessel company Solstad Offshore has entered into a contract with Dutch energy company Dong Energy Wind Power for charter of Soltad's multipurpose construction vessel (CSV) Rem Installer and a second CSV down the road. Solstad Offshore announced Friday that the contract for the Rem Installer covers a firm period of 23 months with a six-month options. A second … [Read more...]
Maersk and Dong Energy Discussing $10 Billion Oil Merger -Sources
By Sophie Sassard and Ron Bousso LONDON, Nov 28 (Reuters) - Denmark's A.P. Moller-Maersk and DONG Energy are in talks to merge their oil and gas operations in a deal that would create a business worth more than $10 billion including debt, sources familiar with the matter said. Maersk is working with Bank of America on the potential deal, while JP Morgan is assisting Dong … [Read more...]
Dong Energy May Jettison Oil and Gas to Focus on Wind
By Nikolaj Skydsgaard COPENHAGEN, Oct 26 (Reuters) - DONG Energy may shed its oil and gas business, sharpening its focus on wind power and potentially opening the door to a deal with Danish peer A.P. Moller-Maersk, which is also seeking a new home for its energy assets. DONG Energy has moved to the forefront of international offshore wind farm development, and that … [Read more...]
Dong Energy to Build North Sea Offshore Wind ‘Hub’ in England
Danish energy company Dong Energy said Thursday that it is planning to build the world's largest offshore wind hub in northeast England to service the growing number of vessels operating in the sector. Dong says the multi-million pound operations and maintenance hub will be built in Grimsby, England, on the River humber near where it meets the North Sea. It will be served by … [Read more...]