8118 results found for 'Maersk Oil'

8118 results found for 'Maersk Oil'
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  • Reuters: No Maersk Drilling sale in 2018. Diamond Offshore, Borr drilling might bid

    10 May 2018
    Exploration & Production

    Danish shipping giant AP Maersk Moller might not sell its drilling division Maersk Drilling in 2018, a previously planned.

  • Ministry decides on Johan Sverdrup ownership shares (Norway)

    2 July 2015

    To avoid delays of one of the largest oil and gas developments in Norway in recent times – the Johan Sverdrup field in the North Sea – the country’s ministry of petroleum has decided to allocate ownership shares to the partners involved. As the companies themselves couldn’t reach the agreement, the ministry of petroleum has […]

  • Petrofac to support Maersk FPSOs

    12 November 2010

    Maersk Oil has selected Petrofac to provided extended operations and maintenance support for its floating production assets in the UK sector of the North Sea. Under a new £40 million three-year deal – which includes options for another three years – Petrofac is to provide conceptual, FEED and detailed design work on Maersk’s three UK […]

  • Another five years awarded to Al-Shaheen FSO tandem

    17 May 2017
    Business & Finance

    A joint venture between Euronav NV and International Seaways has signed a five-year deal for the service of the FSO Africa and FSO Asia on the Al-Shaheen field, off Qatar, with the North Oil Company (NOC).  NOC, the future operator of the Al-Shaheen oil field, is a JV company, which is 70% owned by Qatar […]

  • Maersk Sells Its Entire Share in Total

    20 March 2019
    Business & Finance

    Maersk Group subsidiary sold entire share in French oil and gas company Total S.A.

  • Denmark: Maersk in Pursuit of Alternative Fuels

    21 March 2013
    Business & Finance

    Shipping has so far not benefited from the research and development that has turned biomass into one of the world’s most important sources of renewable energy. Two projects involving Maersk aim to change that. With an annual fuel bill of USD 7 billion for vessel operations, the Maersk Group must continually consider ways to reduce […]

  • McDermott cuts first steel for Total’s Tyra project

    16 October 2018

    McDermott has cut first steel marking the start of fabrication for Total’s Tyra Redevelopment project in the Danish Sector of the North Sea.

  • Maersk completes divestment of all of its energy-related businesses

    16 May 2023
    Business & Finance, Green Marine

    Industry major A.P. Moller – Maersk (Maersk) has completed the divestment of Maersk Supply Service (MSS) announced two months ago. At closing, A.P. Moller Holding, the parent company of the A.P. Moller Group, will assume full ownership of MSS. Maersk Supply Service will continue trading under its current name and will be using the Maersk […]

  • Maersk to stop Rig Controls Alerts

    20 December 2010

    Maersk Oil will stop warning rig employees of impending environmental control surveillance flights, broadcaster DR reported on its website, citing Chief Executive Officer Jakob Thomasen. The decision follows criticism by the environmental protection agency that such warnings are counterproductive, Thomasen told the Copenhagen-based broadcaster. He added that such information did not make a difference as […]

  • Maersk to Consider Splitting Its Operations?

    24 June 2016
    Business & Finance

    Danish shipping and energy conglomerate Maersk Group is considering a number of strategic and structural options, one of which might be splitting up the group’s operations, according to Bloomberg. The company’s business units are self-running, therefore the group is looking where to go next, Chairman of the Board of Directors, Michael Pram Rasmussen, told Bloomberg. […]

  • Low Freight Rates Affect Maersk Group’s Profit

    2 November 2016
    Business & Finance

    Danish shipping and energy conglomerate Maersk Group delivered a profit of USD 438 million in the third quarter of 2016, down from USD 778 million seen in the same period a year earlier, negatively impacted by lower container freight rates. Maersk’s underlying profit for the quarter was at USD 426 million, compared to USD 662 million […]

  • Bloomberg: Rowan eyeing Maersk Drilling acquisition

    26 September 2017
    Exploration & Production

    After having arranged the sales of Maersk Oil and Maersk Tankers, Danish conglomerate Maersk is now looking to offload its offshore drilling division, Maersk Drilling. According to a Bloomberg report on Monday, Rowan Companies, a U.S. based offshore driller and the owner of 29 offshore drilling units, has come up as a potential suitor for […]

  • Maersk Tankers ready to enter market for CO2 transportation

    13 March 2009

    Maersk Tankers, owned by the Danish conglomerate A.P. Moller – Maersk Group, is prepared to enter into the CO2 transportation market to help promote Carbon Capture and Storage (CCS), one of the technologies identified as key to mitigate the effects of climate change. “With this initiative we want to show industrial leadership by demonstrating we […]

  • Maersk’s Focus Switch Challenges Prompt Moody’s Rating Review

    12 December 2017
    Business & Finance

    Maersk’s separation of energy companies from its core business might drive its rating downgrade, according to Moody’s.

  • Most popular articles of the week, July 7 – 13, 2014

    13 July 2014
    Business & Finance, Equipment

    Petrobras facing $15B loss in case of SBM Offshore contracts termination Petrobras, Brazil’s state-controlled oil company, has said that it may have a reduction of $15 billion in net income between 2014 and 2018 in case of termination of current contracts with SBM Offshore.   Offshore helicopter safety report reveals ‘macho bullying culture’ On 23 […]

  • Maersk Drilling welcomes new Head of HR

    20 October 2015
    Business & Finance

    Maersk Drilling has announced new Head of Human Resources to take over from Jesper B. Madsen, as of November 1, 2015. Namely, Lene Reitzel will return to Maersk Drilling after two years in Maersk Tankers, to replace Madsen, the company said on Tuesday. Madsen will take over the leadership of Maersk Oil’s HR department. Claus V. […]

  • Maersk Drilling buys jack-up rig from rival company

    27 May 2016
    Business & Finance, Exploration & Production

    Danish driller Maersk Drilling has acquired a newbuild harsh environment jack-up rig from its distressed rival Hercules Offshore. What is more, the rig comes with a five-year drilling contract in the North Sea. The company has signed a definitive agreement to acquire the newbuild harsh environment jack-up rig, formerly named Hercules Highlander, from a subsidiary of […]

  • Total expands presence on Danish Shelf through Chevron Denmark takeover

    25 September 2018

    Total has agreed to purchase from Chevron all the share capital of Chevron Denmark Inc.

  • 2012 UK Oil and Gas Industry Safety Awards Winners

    19 April 2012
    Business & Finance

    The winners of the 2012 UK Oil and Gas Industry Safety Awards, sponsored by Maersk Oil, were announced at a special lunchtime awards ceremony in Aberdeen yesterday (18 April 2012). The showcase event, held at Aberdeen Exhibition and Conference Centre, saw over 400 attendees at the event ranging from workforce representatives, safety professionals and leading […]

  • Creditors terminate Harkand’s DSV charters

    26 April 2016

    Nordic Trustee, acting as a bond trustee for a bond issued by Harkand Finance, has exercised its right to terminate charters for two Harkand’s vessels. In a filing on Oslo Bors on Tuesday, Nordic Trustee said that the Bond Trustee has exercised its right to terminate the internal bareboat charters for the vessels Harkand Da […]

  • Brazil: OGX Increases Stake in Campos Basin Blocks

    23 March 2012
    Business & Finance

    OGX has acquired an additional 20% stake in blocks BM-C-37 and BM-C-38, in the shallow waters of the Campos Basin, from its partner Maersk Oil, becoming operator of these blocks. OGX now holds a 70% interest in these blocks, with Maersk Oil holding the remaining 30%. “This transaction reflects not only our interest in continuing […]

  • Maersk Tankers Teams Up with CargoMetrics on Big Data

    23 August 2017
    Business & Finance

    Maersk Tankers, part of the energy division of Danish A.P. Moller – Maersk, has entered an equity agreement with CargoMetrics Technologies LLC (CargoMetrics), a Boston-based hedge fund specialising in quantitative trading models derived from shipping data. In line with the terms of the deal, Maersk Tankers will be provided with access and exclusive rights to […]

  • Maersk sells tanker business

    20 September 2017

    Following a recent deal to sell its oil business, Danish shipping giant Maersk has now reached an agreement to sell its Maersk Tankers unit. The company said on Wednesday it would sell the shares in Maersk Tankers to APMH Invest A/S (APMHI) for USD 1,171 mill. on a debt and cash-free basis. APMHI is a […]

  • Maersk cuts Culzean development costs by $500 million

    13 December 2016
    Project & Tenders

    Maersk Oil has cut costs on its Culzean development in the UK North Sea by half a billion dollars. The Danish oil firm said on Tuesday that the $500 million cost reduction was a result of higher drilling efficiency and “robust” upfront design and project planning. The company now estimates investment costs for the Culzean […]

  • RockRose closing in on multiple North Sea assets buy

    22 March 2017

    Oil and gas production company RockRose Energy has made progress with its plan to buy a pair of North Sea assets from Maersk Oil. In addition, the oil company is buying two Southern North Sea gas fields.  The companny announced on December 22, 2016, that it had signed sale and purchase agreements with Maersk Oil […]