Ørsted increases profit after divestment of oil and gas business
Ørsted, formerly known as Dong Energy, has divested 50 percent of the offshore wind farm Walney Extension, and is now banking on a better 2017 than it had originally forecast. Earnings from the sale of the oil and gas business have increased profits by 11 percent.
BY MATHIAS ØRSBORG JOHANSEN, ENERGYWATCH
The sale of the oil and gas division to Swiss Ineos earlier this year has significantly boosted the bottom line at the company formerly known as Dong Energy, but which has now changed its name to Ørsted, according to the report.
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