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

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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.

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    Corporate Dashboard - 29 May 2017.pdf

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

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