Sale of Maersk Oil to Total Complete
A.P. Møller - Mærsk A/S [A.P. Moller - Maersk] has received all regulatory approvals and has today completed the sale of Mærsk Olie og Gas A/S [Maersk Oil] to Total S.A. [Total], which was announced on 21 August 2017. A.P. Moller - Maersk has transferred its shares in Maersk Oil to Total and as consideration received 97.5 million Total shares equalling USD 5.6bn as of 7 March 2018.
Maersk, Statoil and OECD to Discuss Future Ocean Development
Key figures from Maersk Group, Statoil and the Organization for Economic Co-operation and Development have signed up to discuss future ocean business opportunities, demands and strategies at Opening Oceans Conference 2018 (OOC). The event, Nor-Shipping’s first outside its Norwegian home, will see c-level executives gather in Copenhagen on…
Maersk Drilling's Fourth XLE Jack-up Rig Named
Maersk Drilling’s fourth XL Enhanced ultra harsh environment jack-up was named Friday morning at a ceremony held at the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in South Korea. Mrs. Bente Norheim, wife of Jan Norheim, Managing Director of BP Norge, honoured Maersk Drilling by naming the rig Maersk Invincible. Maersk Invincible…
Maersk Drilling Delivers $164m Profit
Maersk Drilling delivered a profit of USD 164m (USD 218m) in the second quarter of 2016. The result is positively impacted by a strong operational performance with an average uptime of 98% and savings on operating costs, however partly offset by more idle days. The underlying profit was USD 164m (USD 189m), generating a ROIC of 8.3% (10.6%).
Maersk Drilling Acquires Newbuild Jackup from Hercules
Maersk Drilling has entered into a definitive agreement to acquire the newbuild harsh environment jack-up rig, formerly named Hercules Highlander, from a subsidiary of Hercules Offshore (Nasdaq: HERO) and with immediate delivery from Jurong Shipyard Pte Ltd (Jurong) in Singapore. According to the agreement, Maersk Drilling assumes the right…
Maersk Drilling Profit Up
Maersk Drilling delivered a profit of USD 222m (USD 168m) in the first quarter of 2016. The result is positively impacted by a continued good performance with an average uptime of 97% and savings on operating costs partly offset by more idle days. Furthermore, the result is positively impactd by USD 60m due to the early termination of the Mærsk Deliverer contract.
Maersk Drilling Posts Record Profit
Maersk Drilling delivered the best result ever with a profit of USD 751m (USD 478m) in 2015 generating a ROIC of 9.3% (7.1%). The result was positively impacted by continued strong operational performance, fleet growth and general cost savings. However, increased idle time negatively affected the results. The underlying profit was USD 732m (USD 471m).
Maersk Venturer to Drill for Total
Maersk Drilling has been awarded a contract for the drillship Maersk Venturer with oil major Total. The contract covers one exploration well (estimated duration 120 days) in block 14 offshore Uruguay. The estimated contract value for the programme is USD 44m excluding mobilisation. The drilling programme is expected to commence in March 2016. “We have collaborated and partnered with Total many times over the years.
Maersk Resilient Contracted for Danish North Sea Sector
Maersk Drilling has been awarded a new contract for the jack-up rig Maersk Resilient with Danish oil company Maersk Oil. The firm contract is for three years with an estimated contract value of USD 110m. Commencement is expected in October 2015, and Maersk Resilient will do work at various fields in the Danish sector of the North Sea. “We are very pleased with this new contract for Maersk Resilient with Maersk Oil…
Maersk Drilling Navigates Low Market Visibility
Maersk Drilling delivered a profit of USD 218m (USD 117m) in the second quarter of 2015. The result was positively impacted by continued strong operational performance, fleet growth, general cost savings and a USD 29m payment related to the divestment of the Venezuelan activities in 2014. The result was negatively impacted by three rigs being idle.
DONG Hires Maersk Giant
Maersk Drilling has been awarded a new contract for the jack-up rig Mærsk Giant with Danish energy utility DONG Energy. The firm contract covers 150 days of work on the Nini and Siri field in the Danish part of the North Sea. The estimated contract value is USD 16m. The contract is in direct continuation of the current contract with Talisman keeping Maersk Giant employed until March 2016.
Maersk Innovator Contract Extended on Eldfisk
Maersk Drilling has been awarded a contract extension for the jack-up rig Mærsk Innovator with ConocoPhillips Norway for work on the Eldfisk field, part of the greater Ekofisk area, offshore Norway. The duration of the contract extension is 16 months. The extension is in direct continuation of the current contract expiring in February 2017, thus keeping the rig continuously contracted until June 2018.
5-Yrs Extension for Rig Heydar Aliyev
Maersk Drilling has been awarded a 5-year contract extension for the semi-submersible Heydar Aliyev rig with BP Exploration (Shah Deniz) Limited acting as Operator of the Shah Deniz field . The rig will continue working on the development of the Shah Deniz field in the Caspian Sea offshore Azerbaijan. The extension is in direct continuation of the current contract ending May 2016 and extends the contract until May 2021.
Maersk Drilling's Strong 1Q Performance
Maersk Drilling delivered a profit of USD 168m (USD 116m) in the first quarter of 2015. The result was positively impacted by fleet growth and continued good operational performance, but partly offset by two rigs being idle. The underlying profit for the quarter was USD 195m (USD 109m) generating a ROIC of 8.5% (8.1%). “Maersk Drilling continues its strong operational performance, and once again deliver a good result.
Durkin Appointed COO of Maersk Drilling
Angela Durkin from Baker Hughes will join Maersk Drilling as new Chief Operating Officer (COO). She will assume her new role 1 May 2015 taking over from Jørn Madsen and report directly to CEO Claus V. Hemmingsen. “We are very pleased that Angela Durkin will join Maersk Drilling. Angela brings vast experience with her from Baker Hughes, and…
Maersk Drilling Secures Contract for Newest Drillship
Maersk Drilling was awarded a contract from eni Ghana Exploration and Production Ltd. for employment of the newbuild drillship Maersk Voyager. The contract will see Maersk Voyager work on the Offshore Cape Three Points (OCTP) Project offshore Ghana with expected commencement in July 2015. The firm contract period is 3.5 years with an option to extend by one year…
Maersk Drilling Names Third XLE Jack-up Rig
Maersk Drilling’s third XL Enhanced ultra harsh environment jack-up was named Maersk Integrator by Statoil’s Executive Vice President Margareth Øvrum at a ceremony held at the Keppel FELS shipyard in Singapore Saturday morning. Maersk Integrator is the third in a series of four ultra harsh environment jack-up rigs to enter Maersk Drilling’s rig fleet. The four jack-up rigs represent a total investment of $2.6 billion.
Keppel FELS Delivers Largest Rig to Maersk
Keppel FELS Limited has delivered the ultra-harsh jackup rig, Maersk Integrator, to Maersk Drilling, a wholly owned subsidiary of A.P. Moller - Maersk A/S, thirty days ahead of schedule, on budget and with a perfect safety record. The rig was named at a ceremony today in Keppel FELS by Ms Margareth Øvrum, Executive Vice President, Technology, Projects and Drilling, Statoil.
Maersk Interceptor Named in Norway
In a ceremony held at GMC Marine Partners yard in Mekjarvik in Norway, Mrs. Anita Utseth, Senior Vice President in Det norske oljeselskab ASA (Det norske) had the honour of naming the ultra harsh environment jack-up rig Maersk Interceptor. Maersk Interceptor is the second in a series of four ultra harsh environment jack-up rigs to enter Maersk Drilling’s fleet.
New Maersk Drillship Secures Contract
Maersk Drilling’s third drillship, Maersk Venturer, which was delivered 25 September 2014 from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si in South-Korea, has secured a short term contract with oil major Total. Maersk Venturer will commence a one well program offshore Malaysia with an estimated duration of 45 days with potential extension up to 40 days.
