Offshore

Dong impairs oil business by USD 2.3 billion

Dong Energy will make impairments totaling around USD 2.3 billion on the energy group's oil business, and the company shelves plans to spin off the unit ahead of the projected IPO later this year.
Photo: /ritzau/Joachim Adrian/Arkiv
Photo: /ritzau/Joachim Adrian/Arkiv
BY MAZ PLECHINGER, ENERGIWATCH

There will be oil included in Dong Energy's planned IPO later this year. But it will be at a value far below what the market was projecting just a few months ago.

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