The announcement comes as the company revealed a surge in earnings from renewable energy. Dong Energy is quitting the oil and gas business to focus on renewable energy . The Danish company , which is the world 's biggest producer of offshore wind power , made the announcement as it revealed a decline in renewable energy earnings . CEO Henrik Poulsen said : " We want to get to the right place , that obviously adds value to shareholders and provides the oil and gas industry with the right long - term opportunities . " JPMorgan has been hired by Dong Energy to assist in selling its assets .
Dong Energy is quitting the oil and gas business to focus on renewable energy . The Danish company , which is the world 's biggest producer of offshore wind power , made the announcement as it revealed a decline in renewable energy earnings . CEO Henrik Poulsen said : " We want to get to the right place , that obviously adds value to shareholders and provides the oil and gas industry with the right long - term opportunities . " JPMorgan has been hired by Dong Energy to assist in selling its assets .