8082 results found for 'Maersk Oil'

8082 results found for 'Maersk Oil'
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  • Maersk Oil Profit Hit by Lower Prices and Output

    16 August 2013

    Denmark’s Maersk Oil today reported net profit of $249 million, a drop from the $468 million achieved in the same period last year. The result was negatively influenced by lower average oil price of USD 102 per barrel compared to last year’s USD 108 per barrel and lower entitlement production of 226,000  boepd (287,000 boepd), […]

  • READ wins North Sea gig with Maersk Oil

    12 November 2015
    Business & Finance, Equipment

    Aberdeen-based production and integrity evaluation company, READ Cased Hole (READ), has been awarded a multi-million pound contract by Danish energy giant, Maersk Oil. The dual-award, five-year contract with an optional three-year extension appoints READ as the primary service provider for cased hole logging services, including production evaluation and well integrity domains, which would be delivered […]

  • Maersk Oil receives approvals for Flyndre and Cawdor fields

    28 May 2014

    Maersk Oil UK Limited has received approval from the UK and Norwegian authorities to develop the Flyndre and Cawdor fields. The fields lie approximately 293 km South East of Aberdeen in blocks 30/13 and 30/14 of the UK North Sea (Flyndre and Cawdor) and block 1/5 of the Norwegian North Sea (Flyndre only). The Flyndre […]

  • OSBV, Maersk Oil Sign North Sea Contract

    24 September 2013
    Business & Finance, Equipment, Project & Tenders

      Offshore Solutions BV (OSBV), the joint venture between AMEC and Cofely Nederland NV, has signed a North Sea contract with Maersk Oil UK to provide marine access support to the floating production, storage and offloading (FPSO) unit Global Producer III. Located 185 miles north east of Aberdeen, Scotland, OSBV’s Offshore Access System (OAS) will […]

  • Harkand starts Leadon decommissioning for Maersk Oil (UK)

    18 June 2015
    Business & Finance

    Harkand, a global inspection, repair and maintenance (IRM) company, has started decommissioning work in the United Kingdom Continental Shelf supporting Maersk Oil UK’s work in the Leadon field located in the North Sea.  Earlier this year, the IRM firm secured a multi-million pound 12-month frame agreement with Maersk Oil in the region for the provision of […]

  • Maersk Oil: Autumn Statement good news for Culzean

    4 December 2014

    Denmark’s oil company Maersk Oil and its partners in the Culzean field have welcomed the uHPHT (ultra High Pressure, High Temperature) cluster area allowance announced yesterday, as a boost for the future of the UK North Sea. The UK Chancellor of the Exchequer, George Osborne MP, outlined the change during the Government’s Autumn Statement. The allowance […]

  • Maersk Oil hires Subsea 7 for Culzean field

    1 September 2015
    Project & Tenders

    Following Monday’s final nod for the Maersk Oil-operated Culzean field in the North Sea, the Danish firm has started awarding contracts for the development. After awarding Singapore’s Sembmarine a $1 billion contract to build offshore facilities for this high-pressure, high-temperature gas field, the Danish company doesn’t stop at that. Namely, Subsea 7 has on Tuesday […]

  • Total Acquires Maersk Oil for USD 7.45 Billion

    21 August 2017
    Operations & Maintenance, Project & Tenders

    Total is set to acquire Maersk Oil & Gas, a wholly owned subsidiary of A.P. Møller – Mærsk, for $7.45 billion in a  share and debt transaction.   Under the agreed terms, A.P. Møller – Maersk will receive a consideration of $4.95 billion in Total shares and Total will assume $2.5 billion of Maersk Oil’s debt. […]

  • VIDEO: Maersk Oil Gryphon FPSO – The Recovery Story

    3 June 2013

    In February 2011, Maersk Oil’s Gryphon FPSO suffered significant damage in heavy storms in the turbulent North Sea. After nearly 20 years of uninterrupted service, the FPSO had to leave the Gryphon field for the first time for repairs and upgrade. Last Wednesday, May 29, Maersk Oil announced that the FPSO was back in production following […]

  • Boskalis Subsea extends Maersk Oil’s platform lifetime

    9 November 2015
    Equipment, Exploration & Production

    Boskalis has completed reinforcing Maersk Oil’s Dan Bravo platform in the North Sea, offshore Denmark. Dan is the oldest producing field in Denmark. The oil production started on July 4, 1972, and according to Maersk Oil, close to 28 % of total Danish oil production has been extracted from the Dan Field. The work of reinforcing […]

  • Maersk Oil UK: Gryphon FPSO Back in Production

    29 May 2013
    Business & Finance, Operations & Maintenance

    The Gryphon FPSO is back in production following a major overhaul of the vessel. Once all the associated fields are fully operational over the coming months, production will ramp up in excess of 20,000 barrels of oil equivalent a day (boepd). Production from Gryphon is expected to continue for the next decade. The Gryphon FPSO, […]

  • Maersk Oil: Production rises in 1Q. Profit at $346M

    21 May 2014

    Danish oil company Maersk Oil made a profit of $346m million in the first quarter of 2014, in line with $346 million earned in 1Q 2013. The result is positively affected by average entitlement production of 256,000 boepd ( 1Q 2013: 239,000 boepd) offset by lower average oil prices of $108 per barrel (1Q 2013: $112 per […]

  • Maersk Oil starts drilling Xana well (Denmark)

    9 December 2014
    Exploration & Production, Project & Tenders

    Norwegian Energy Company (Noreco) has informed that drilling of the Xana exploration well in licence 9/95 on the Danish continental shelf has started. Noreco is partner in the licence with an ownership of 20.1 per cent. The licence is located close to the gas discovery Svane, in the Danish sector of the North Sea. The well […]

  • VIDEO: Maersk Oil ‘Dan Bravo’ Deep Dive

    13 October 2014
    Business & Finance, Equipment, Operations & Maintenance

    Substantial volumes of oil and gas remain in the subsurface of the Danish North Sea, but recovering them is technically complex and requires work above and below water. Dan Bravo Rationalisation, a challenging three-year project that has reached its midway point, is an example of the complex subsurface and diving work regularly carried out by Maersk […]

  • Expro Inks North Sea Contract with Maersk Oil

    2 August 2017
    Business & Finance, Operations & Maintenance, Project & Tenders

    Oilfield services company, Expro, has been awarded a contract from Maersk Oil for the provision of subsea and well test services on two offshore units in the North Sea. The contract will extend the long-standing partnership between the two companies until 2020, for well abandonment services on two rigs, for a 26 well campaign across […]

  • Oil&Gas UK: Good news from Maersk Oil

    23 May 2014

    Oil & Gas UK has welcomed the news that Maersk Oil has awarded a FEED contract for Culzean field platform.

  • Altus Grabs Maersk Oil Well Intervention Gig

    15 November 2016
    Business & Finance, Operations & Maintenance, Project & Tenders

    Altus Intervention has won a fixed term, five-year contract to provide well intervention services for Maersk Oil. The company was awarded the contract for the provision of slickline services, coiled tubing services, well surveillance, ballistic and wireline tractor services to support Maersk Oil’s Central North Sea operations and planned abandonment campaigns. Altus Intervention’s UK President, […]

  • Plexus’ first order from Maersk Oil Denmark

    12 February 2014
    Business & Finance, Equipment

    Plexus Holdings PLC has been awarded a first time contract with Maersk Oil’s Danish business unit to supply surface wellhead and mudline equipment services for an exploration well in the Danish North Sea. The initial value of the contract is estimated at approximately £1.1 million ($1.8 M) with revenues expected to commence in June 2014. […]

  • Maersk Oil sinks to red over low oil price

    4 May 2016

    Danish oil and gas company Maersk Oil posted a net loss for the first quarter of 2016 mainly due to low oil price.  The company on Wednesday reported a loss of $29 million in the first quarter of 2016, compared to a profit of $208 million in the same period last year. The oil company’s […]

  • Plexus to supply Pos-Grip wellhead to Maersk Oil

    3 June 2014
    Equipment

    Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, known for its safety, time and cost saving capabilities, announces that further to the Company’s first time contract win with Maersk Oil Danish Business Unit totalling £1.1million announced on 12 February 2014, […]

  • Video: Maersk Oil launches ‘Quest for Oil’ game tutorial

    1 April 2014
    Equipment

    Maersk has launched a tutorial for its computer game called ‘Quest for Oil’.  As the company has said, Maersk is taking the lead in an innovative way by using a video game to open up the oil business to everyone. Quest for Oil is the first game of its kind and with the convergence of […]

  • Bourbon Liberty 151 to Work for Maersk Oil (Qatar)

    29 March 2013
    Business & Finance

    A year after taking delivery of its last Bourbon Liberty 200 vessel and 1st Bourbon Liberty 300 vessel, BOURBON has extended its range of services with the Bourbon Liberty 151, the very first vessel in a series of 15 next generation PSVs. BOURBON has been investing in an extensive range of next generation built-in-series vessels […]

  • Maersk Oil Qatar: Arbitration against UK supplier

    23 February 2009

    Maersk Oil Qatar has initiated arbitration against UK based supplier SLP Engineering Ltd., Lowestoft. SLP Engineering was in 2006 awarded a turnkey contract for delivery of offshore accommodation platforms for the Al Shaheen field development in Qatar. After a long series of commercial, financial and scheduling problems with SLP the contract was terminated for default […]

  • Maersk Oil profit hurt by low oil prices and output

    27 February 2014

    Danish oil company Maersk Oil reported a 58 per cent drop in its full year net profit for 2013.   Last year, the company earned $1 billion, compared to $2.4 billion earned in 2012. The company said that the profit was negatively affected by lower average entitlement production of 235,000 boepd (257,000 boepd in 2012) and lower […]

  • Maersk Oil drills duster in Danish North Sea

    28 November 2014
    Exploration & Production, Project & Tenders

    As operator for Dansk Undergrunds Consortium (DUC), Maersk Oil has drilled the exploration well Siah NE-1X (5505/7-17) in the western part of the Danish North Sea. The well is dry. Siah NE-1X was drilled as a vertical well. The primary target was deep water deposits in the Upper Jurassic. No producible sandstone reservoir was found. […]