Huge Potential for Asian Offshore Wind
Offshore wind industry is set to gain a foothold in new markets in the next five years, with the Asian markets playing a significant role.China has significant ambition for the build-out of offshore…
Maersk Develops Ship Fuel from Alcohol
Danish shipping conglomerate A.P. Moller - Maersk has joined forces with Wallenius Wilhelmsen, BMW Group, H&M Group, Levi Strauss and Marks & Spencer to explore LEO, a blend of lignin and ethanol…
CMP, DFDS to Set Up Shore Power in Copenhagen
Copenhagen Malmö Port (CMP) and Danish shipping and logistics company DFDS have reached an agreement to establish a shore power facility in Copenhagen, which means that the Crown Seaways and Pearl…
OGCI Invests in Wind Power for Ships
OGCI Climate Investments has led an EUR 8 million investment round in Norsepower, along with current investors, to accelerate Norsepower’s growth on global markets.The investment enables Norsepower…
Maersk Firm to Buy Wind Turbine Supplier
A.P. Moller Holding, which controls Danish shipping giant A.P. Moller-Maersk will acquire Danish wind turbine supplier KK Group, it said on Wednesday, in a first step into the renewable energy…
Norden Gets Sembcorp Contract
Danish shipping company Dampskibsselskabet Norden has signed a ten-year Panamax contract of affreightment (COA) with Indian utility firm Sembcorp Energy India.Commencing April 1, Norden will carry…
MHI Vestas Orders Esvagt SOV
Danish shipping company Esvagt is to provide MHI Vestas with a new service operation vessel for work on Moray East offshore wind farm off the coast of Scotland."Another Esvagt Service Operation…
Maersk to Spin off Drilling, Hand Total Shares to Investors
A.P. Moller-Maersk said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest move by the Danish shipping company to focus entirely on transport and logistics.Maersk…
Seadrill Suggests Consolidation for Drilling Market Recovery
On Tuesday, Seadrill CEO, Anton Dibowitz said consolidation of smaller offshore oil rig companies would help boost drilling market recovery in the drilling market. The statement comes a day the…
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).
DONG Energy Settles Platform Dispute
DONG Energy said it has reached a settlement with Daewoo Shipbuilding & Marine Engineering and Technip over who bears responsibility for construction errors concerning an offshore platform for the idled Hejre field.
Danish Finance Minister to Report on North Sea Oil Negotiations with Maersk
Denmark's finance minister Kristian Jensen will hold a news conference about the government's ongoing negotiations with the Danish Underground Consortium (DUC) about a new tax agreement for North…
Maersk Oil Confirms Plan to Shut Tyra Field in 2018
Maersk Oil, a subsidiary of Danish shipping and oil company A.P. Moller-Maersk, confirmed in a statement on Friday that it planned to stop production at its Tyra gas field in October 2018 as it would no longer be economically viable.
Qatar Oil Contract Loss Raises Questions over Maersk Oil's Future
Maersk Oil's loss of a major oil production contract in Qatar this week raises questions about the future of the company's oil business at a time when parent A.P. Moller-Maersk has said it is considering a break-up.
Maersk Chairman: Company Could Be Split Up
A. P. Moller-Maersk's chairman says that the Danish shipping and oil conglomerate could be split up in several companies, after it on Thursday appointed the head of its container business as new chief executive.
Maersk May Reward Shareholders as Oil Unit Suffers
Danish conglomerate A.P. Moller-Maersk may announce a second share buyback scheme in its 110-year history as early as Wednesday, analysts said, allowing it to reward shareholders as its oil unit takes a battering from a slump in prices.
OW Bunker to Meet Liquidator; Ship Arrests Continue
OW Bunker owes financers more than $750 million-creditor data; six more vessels arrested; 7 in total. The Singapore arm of bankrupt Danish shipping fuel trader OW Bunker will meet with its liquidator…
Maersk CEO: Firm Ready to Invest in Oil Fields
Danish shipping and oil group A.P. Moller-Maersk on Tuesday reported a third-quarter net profit above forecasts and kept its full-year profit guidance. "We are very pleased with the results. "In general…
Maersk Considers Exiting Angolan Oil Field
Danish shipping and oil group A.P. Moller-Maersk says its investment in Angola's Chissonga oil field is under consideration as a result of falling oil prices. "We will only continue the project…
Maersk Sells Ven Drilling Barges
Danish shipping conglomerate A.P. Moller-Maersk said on Tuesday its offshore oil and gas drilling unit has sold its Venezuelan barge activities. Maersk Drilling said on its website its Venezuelan…
