Dong Energy to change name

Danish energy group Dong Energy is to change its name, it announced on Monday.

Dong said it will change its name – which stands for Danish Oil and Natural Gas – to reflect its “profound strategic transformation from black to green energy”.

In May Dong sold its entire upstream oil and gas business to Ineos, completing its shift to focus completely on renewable energy.

Dong chief executive Henrik Poulsen will announce the new name in a meeting with staff later this morning.

Photo: Bloomberg