Search results for: Maersk Oil

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  • 13 August 2015
    Business & Finance

    Maersk Oil, a Danish oil company, part of the Maersk Group, reported a profitable second quarter of 2015 and a 30% hike in production. In the quarter, the oil company’s profit was $137 million, compared to a net loss of $1.4 billion in the corresponding quarter of 2014. Worth noting, last year’s second quarter was […]

  • 10 February 2016

    Danish oil company Maersk Oil made a loss of $2.1bn in 2015, compared to a loss  of $861 million in the full year 2014. According to the oil firm, the result was negatively affected by impairments after tax of $2.6 billion due to the low oil price expectations. The underlying profit was down to $435 milion, from […]

  • 8 February 2017

    Danish oil company Maersk Oil, set to separate from the Maersk Group, will narrow its focus on the North Sea and continue cutting costs and exploration activities in 2017. In the financial report posted on Wednesday, Maersk Oil reported a $230 million profit for the fourth quarter of 2016, an improvement from a net loss […]

  • 29 September 2016
    Equipment, Project & Tenders

    Maersk Oil, a Danish oil company, has started drilling of the first production well on its Culzean field in the UK North Sea.  The well, spudded at 18:00 on September 28,  is the first of six production wells to be drilled on the high pressure/high temperature (HPHT) field, with continuous drilling activity planned over the […]

  • 2 February 2016

    Production from Maersk Oil’s platforms at the Tyra gas field in the Danish sector of the North Sea has been closed. In a message to Offshore Energy Today on Tuesday, the Danish company’s spokesperson said Maersk Oil initiated shutdown procedure at the company’s two offshore platforms due to bad weather. The spokesperson said: “Due to […]

  • 18 April 2011
    Business & Finance

      Maersk Oil announces that it has been awarded a 30% non-operated share in Licence PL597 on the Halten Terrace offshore Norway in the 21st Licencing Round. The operator of the licence is VNG Norge A/S (40%) with Dana Petroleum Plc as partner (30%). Together with Maersk Oil, the partners are committed to carrying out […]

  • 16 January 2013

    On 15 January 2013 Maersk Oil Norway was offered two licenses in the APA 2012 licensing round; PL660, with a 25% share, and PL671, with a 60% share and operatorship, both in the North Sea. PL660 covers the Norwegian part of the Edinburgh prospect which extends into the British sector. Maersk Oil’s British subsidiary, Maersk […]

  • 9 January 2017

    Danish oil company Maersk Oil has made plans to reduce its workforce in Denmark by up to 160 positions.  Following the organizational review of Maersk Oil headquarters carried out in late 2016, Maersk Oil Danish Business Unit (DBU) on Monday announced that it will simplify its organization to improve efficiency and ensure delivery of the […]

  • 18 January 2012

    Danish oil giant, Maersk Oil has been awarded seven licences offshore Norway in the APA Licencing Round, strengthening its position around the large Avaldsnes discovery and other Maersk-oil operated licence areas. “The award of new licences significantly adds to our exploration portfolio and represents another step towards building material business in Norway, a country that […]

  • 6 March 2018

    French oil major Total is set to complete its acquisition of Denmark’s Maersk Oil later this week.

  • 24 May 2011
    Business & Finance

      Maersk Oil is participating in a new deepwater well in the U.S. Gulf of Mexico after operator Chevron received a drilling permit from the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE). The permit marks the restart of the drilling campaigns Maersk Oil has been a part of in the U.S. Gulf of […]

  • 21 January 2014

    Maersk Oil Norway was granted five new licences; two in the North Sea and three in the Barents Sea; in today’s APA (Awards in Predefined Areas) licence round.   “The new licences are a welcome addition to Maersk Oil Norway’s portfolio. Maersk Oil has a global target of sustaining an entitlement production of 400,000 bpd […]

  • 31 January 2011
    Business & Finance

    Maersk Oil, a fully owned subsidiary of A.P. Møller – Mærsk A/S, has agreed to acquire a 15% interest in Block 16 in Angola from Devon Energy for an initial payment of USD 70 million and future contingent considerations. The agreement is subject to closing conditions including government approval. Maersk Oil already operates Block 16, […]

  • 4 April 2011
    Business & Finance

    Maersk Oil has acquired shares in three production licences in Norway from Marathon Petroleum Norge A/S, a wholly-owned subsidiary of Marathon Oil Corporation , in exchange for Maersk Oil’s financial contribution to the Earb South exploration well. Marathon Petroleum Norge A/S is currently drilling the well on the Earb South Prospect in the South Viking […]

  • 27 September 2017

    Gretchen Watkins, Maersk Oil CEO, will not be joining Total after the French oil company recently announced the acquisition of the Danish firm. In a statement on Wednesday, Maersk Oil said that Watkins would leave to pursue other career opportunities once Total’s acquisition of Maersk Oil successfully closes. The transaction is expected to close during […]

  • 31 May 2012

    Maersk Oil, a fully-owned subsidiary of the A.P. Moller – Maersk Group, has signed a definitive agreement with Noble Energy Inc for the purchase of their 30% interest in the Maersk Oil operated Dumbarton and Lochranza fields, as well as the Global Producer III FPSO (Floating Production Storage and Offloading) installation in the UK Central […]

  • 21 February 2011
    Business & Finance

      Today, Maersk Oil Brasil and partner OGX reported finding oil in the ongoing Carambola B exploration well. The well is located in the BM-C-37 license in the Campos Basin in 130 metres water depth, some 80 kilometers off the coast of the state of Rio de Janeiro. Maersk Oil is the operator and has […]

  • 12 February 2009

    Maersk Oil is further enhancing its focus on operational, technical and business development excellence by reassigning responsibilities and adding two new departments to its organisation – Corporate Technology & Projects and Global Production Operations. “The challenge in a large and growing global oil and gas company is to leverage size and skill to the maximum […]

  • 6 November 2014

    Maersk Oil UK has been awarded five licences in the initial tranche of offers from the UK’s 28th Licensing Round, three of which will be operated by the Company. “The award of these new licences supports the long term growth strategy for the UK business, enhancing our exploration programme around our core producing assets and […]

  • 26 October 2015
    Business & Finance

    Maersk Oil, a Danish oil and gas company owned by the A. P. Moller-Maersk Group, revealed today its intention to implement workforce reductions of 10-12% across its business as the company pushes to cut costs by 20% by the end of 2016. The decision will result in 1,250 layoffs across the organisation during 2015, the company said. “The move follows […]

  • 25 April 2016

    Interocean Marine Services has won a 5-year contract with international oil and gas company, Maersk Oil North Sea UK Limited. The contract is for the provision of rig move and marine technical support services. It will be managed by Interocean’s Head Office in Aberdeen, and will provide marine and engineering support for Maersk Oil’s offshore operations and […]

  • 2 August 2017

    Expro, a UK offshore oilfield services firm has secured a contract with Maersk Oil for the provision of subsea and well test services on two offshore units in the North Sea. The company did not reveal the financial details of the award, but said the contract was “substantial.” According to Expro, this contract extends the “long-standing […]