Post Tagged with: "Maersk"

Source: Reuters

Brazilian prosecutors sue Maersk, seek to freeze $200 million


RIO DE JANEIRO -Federal prosecutors in Brazil filed a civil lawsuit against Danish shipping company Maersk and former executives representing the firm for alleged corruption involving shipping contracts with state-run oil firm Petrobras, they said on Friday.

The lawsuit …

Diamond Offshore's Ocean Endeavor

Maersk Completes Oil, Gas Spin Off as Drilling Unit Lists in Copenhagen

From Reuters

A.P. Moller-Maersk spun off its oil and gas drilling unit and listed it separately on the Copenhagen stock exchange on Thursday, where it was traded slightly below the book value it had in Maersk’s own accounts.

The demerger …

April 4, 2019 - 5:37 pm Closing Bell Story‎, Energy News
Johan Sverdrup

Source: Total

Totally Bought: Maersk Oil/Total Deal Closed – Makes Total 2nd Largest North Sea Operator

Total S.A. (ticker: TOT) closed the acquisition signed on August 21, 2017, adding around one billion BOE 2P reserves, mainly in OECD countries. The acquisition also increases Total’s production by 160 MBOEPD in 2018, and the company expects to ramp …

‘We Will Not Stand by and Wait for Global Regulation’ – Maersk

‘We Will Not Stand by and Wait for Global Regulation’ – Maersk

From MarineLink

Shipbreaking has become commercial due to the recycling of steel becoming a global commodity in demand.


This means that the dismantling and recycling of a ship are recognized as part of the value of the ship, which has …

October 21, 2016 - 2:31 pm Closing Bell Story‎, Energy News

Maersk Mulls Acquisitions with $12 Billion Cash Purse after Surprising Profit

From Marine Link

Fragmented sector chasing alliances to cut costs; Maersk has plenty of cash for deals – CEO.

A.P. Moller-Maersk returned to profit at its main container shipping business in the first quarter, putting the cash rich company in …