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Corporate week in brief: DONG exits upstream to focus on green energy

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29 May 2017

Corporate week in brief: DONG exits upstream to focus on green energy

Report summary

Our lead story from last week is DONG’s upstream exit through a US$1.1 billion North Sea sale to INEOS. The move continues DONG’s retrenchment to green energy, leveraging its leadership in offshore wind. It was also a crucial week for oil prices; we look at what OPEC’s nine month extension of production cuts mean for oil prices. Oil and gas shares were sold off during the week but Woodside bucked this trend, buoyed by a well-received 2017 Investor Briefing that highlighted longer-term LNG-led production growth. Oil Search also moved to beef up its gas-prone exploration portfolio in Papua New Guinea in a farm-in deal with ExxonMobil. Finally, EOG struck an innovative private equity deal to bring capital into its Anadarko Basin portfolio.

Table of contents

  • Macro: Oil prices, latest oil hedging activity, oil and gas shares
  • Lead stories: DONG Energy, INEOS
  • Companies: Woodside; EOG
  • Exploration: ExxonMobil, Oil Search

Tables and charts

This report includes 3 images and tables including:

  • Volume of new oil hedges (000 b/d)
  • Price of new oil hedges (US$ /bbl Brent)
  • Corporate dashboard

What's included

This report contains:

  • Document

    Corporate Dashboard - 29 May 2017.pdf

    PDF 862.71 KB

  • Document

    Corporate week in brief: DONG exits upstream to focus on green energy

    PDF 617.71 KB

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    Corporate week in brief: DONG exits upstream to focus on green energy

    ZIP 1.27 MB