0 5   b ill ion . ▁ ▁After ▁s elling ▁its ▁oil ▁and ▁gas ▁business ▁the ▁company ▁announced ▁its ▁intention ▁to ▁transition ▁to ▁renew able ▁energy ▁and ▁change ▁its ▁name ▁to ▁ Ø r sted ▁after ▁the ▁Dan ish ▁scient ist ▁Hans ▁Christian ▁ Ø r sted , ▁cit ing ▁that ▁D ONG ▁was ▁in app ropri ate ▁considering ▁they ▁had ▁no ▁oil ▁and ▁natural ▁gas ▁assets ▁under ▁ownership ▁any ▁more . ▁ ▁In ▁ 2 0 1 8 ▁ Ø r sted ▁acquired ▁Deep water ▁Wind ▁to ▁expand ▁off sh ore ▁wind ▁in ▁the ▁US . ▁ ▁Oper ations ▁ Ø r sted ▁cons iders ▁Den mark , ▁Sweden , ▁United ▁Kingdom , ▁Germany ▁and ▁the ▁Netherlands ▁as ▁core ▁mark ets ▁of ▁corpor ation . ▁However , ▁in ▁ 2 0 1 5 ▁they ▁also ▁received ▁a ▁le ase ▁from ▁the ▁Department ▁of ▁the ▁Inter ior ▁and ▁Bureau ▁of ▁Ocean ▁Energy ▁Management , ▁which , ▁in ▁the ▁le ase , ▁handed ▁over ▁some ▁sea ▁area ▁in ▁the ▁United ▁States ▁for ▁wind ▁park ▁development , ▁specifically ▁in ▁New ▁Jersey . ▁ ▁O il ▁and ▁gas ▁expl oration ▁and ▁production ▁Before ▁div est ment ▁of ▁its ▁oil ▁and ▁gas ▁up stream ▁assets ▁to ▁I ne os ▁in ▁ 2 0 1 7 , ▁D ONG ▁Energy ' s ▁core ▁areas ▁of ▁oil ▁and ▁gas ▁expl oration ▁and ▁production ▁laid ▁in ▁southern ▁part ▁of ▁the ▁Norwegian ▁North ▁Sea ▁and ▁the ▁Dan ish ▁part ▁of ▁the ▁North ▁Sea , ▁Bar ents ▁Sea , ▁west ▁of