Dong Energy will present its oil and gas exploration and production activities as “discontinuing operations” in its financial statements for 2016.
Therefore, profit and loss from the oil and gas segment will be presented separately from the company’s continuing operations.
The Danish company previously revealed plans to divest its oil and gas businesses and expects a sale before the end of the year. Consolidated revenue, EBITDA, profit before tax and profit after tax reported in the 2016 annual report will only comprise continuing operations, Dong said.
“The profit after tax of the discontinuing operations will be presented on a single line after the profit after tax from our continuing operations,” Dong said. It will also restate previous results and cash flows to reflect the changed presentation.
Source: renews.biz








Plant for the waste water treatment in the Carlsberg beer factory in Čelarevo opened in 2010 in the presence of the top state officials. This brewery is among the first in Serbia which presented this kind of facility. They wanted to emphasize that they care about the broader community and the environment.
The output cuts announced by OPEC and eleven non-OPEC producers have entered their probation period and it is far too soon to see what level of compliance has been achieved. The coming weeks will provide more clarity and in the meantime developments elsewhere in the oil supply/demand balance are very intriguing. Once again we have revised upwards our estimate for global oil demand growth in 2016: we now see growth at 1.5 mb/d, with most of the revision contributed by stronger European demand, mainly in LPG and diesel. Europe has seen two years of year-on-year growth following nine straight years of flat or declining demand.


The World Meteorological Organization (WMO) yesterday announced that the year 2016 has been the hottest year on record, surpassing the exceptionally high temperatures of 2015, according to a consolidated analysis.
The OPEC Monthly Oil Market Report covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance. Please find the Report 





The International Energy Agency (IEA) praised France for setting in motion significant reforms towards more secure, affordable and sustainable energy supplies and the green growth of its economy.






