8083 results found for 'Maersk Oil'

8083 results found for 'Maersk Oil'
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  • 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 […]

  • BP entrusts KBR-SOCAR JV with terminal electrification and giant gas field’s next phase

    15 July 2025
    Business & Finance, Business Developments & Projects, Project & Tenders

    KBR, a U.S.-headquartered science, technology, and engineering player, has won new assignments in Azerbaijan with the UK-headquartered BP, thanks to its joint venture with SOCAR, known as SOCAR-KBR, which will undertake detailed engineering design solutions and procurement services for two projects designed to contribute to the country’s energy security.

  • 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.

  • Maersk deal for accommodation jack-up Haven

    6 July 2015
    Business & Finance, Exploration & Production

    Master Marine’s subsidiary, Jacktel AS, has won a contract from Mærsk Oil and Gas for the use of the accommodation jack-up “Haven” offshore Denmark. The contract has a duration of 6 months and starts on or around October 1, 2015. According to Master Marine, the client is responsible for towage of the unit to and […]

  • 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 […]

  • Denmark: Investments Show Way Forward for Maersk Group

    29 August 2011
    Business & Finance

      The Group’s strong cash flow and healthy balance sheet make it possible to invest in long term profitable growth of our core businesses in spite of short term market volatility and risks. In the first half-year of 2011 alone, the Group has executed and committed to new investments of more than USD 12 billion. […]

  • 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 […]

  • 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. […]

  • 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 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.

  • Woodmac: Total-Maersk deal is mostly about North Sea

    22 August 2017
    Business & Finance

    Following yesterday’s big news of France’s Total taking over Denmark’s Maersk Oil in a $7.45 million transaction, Wood Mackenzie has offered its view on the deal. According to Dr Valentina Kretzschmar, a director in Wood Mackenzie’s corporate services unit, the proposed deal is mostly about Maersk Oil’s North Sea assets, where the company is developing […]

  • 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 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 […]

  • 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 […]

  • 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. […]

  • 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 […]

  • 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 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 […]

  • 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 […]

  • Heerema scoops first two contracts for giant crane vessel Sleipnir

    27 April 2017
    Business & Finance

    Dutch marine contractor Heerema Marine Contractors has been awarded the first two contracts for the Sleipnir, the world’s largest semi-submersible crane vessel.  The first contract is from Noble Energy Mediterranean, Ltd. for transportation and installation services associated with the Leviathan production platform in the Mediterranean Sea. The second transport and installation contract has been awarded […]

  • Culzean wellhead platform jacket on its way to North Sea

    13 April 2016
    Equipment, Project & Tenders

    Heerema Fabrication Group (HFG) has completed the project for the Culzean Wellhead jacket and Access Deck for Maersk Oil. Culzean Wellhead jacket left Heerema Vlissingen (the Netherlands) on Wednesday, and two days ago the Wellhead Access Deck left Heerema Hartlepool (the United Kingdom) and set sail to their final destination: the Ultra High Pressure High Temperature Culzean development field in the […]

  • 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 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 […]

  • PHOTO: Jack-up Maersk Highlander heads for Culzean field

    30 June 2016
    Exploration & Production, Project & Tenders

    Maersk Drilling’s jack-up drilling rig, the Maersk Highlander, has set off on its voyage to the Culzean gas field in the UK sector of the North Sea. The newbuild harsh environment jack-up rig will work for Maersk Oil on its operated Culzean gas field. Maersk Drilling informed through social media channels on Wednesday that the […]