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. "The question is whether we should be a large group…
Maersk Could Lose Qatar field, its Largest Oil Asset
Denmark's A.P. Moller-Maersk said for the first time on Wednesday there was a risk it could lose its largest oil producer, a 300,000 barrel per day Qatari field, and may not replace the production by buying other assets.
Qatar, Maersk and Shell in LNG Marine Fuel MoU
Qatar and Royal Dutch Shell have agreed to develop liquefied natural gas (LNG) as a marine fuel for use by the world's largest container shipping company, A.P. Moller-Maersk, Qatargas said in a statement on Monday.
Maersk Writes Down Oil Assets
Writedown pushes company into red in fourth quarter; 2016 profit to fall short of previous year. Denmark's A.P. Moller-Maersk tumbled to a loss of $2.5 billion in the last three months of 2015 after the shipping and…
Maersk: Oil Prices could Lead to Closures
A. P. Moller-Maersk's Maersk Oil unit would have to close some sites and cut operating costs if the oil price remains at its current level, the group's CEO said in an interview in Danish daily Politiken on Tuesday.
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, in times…
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 if we feel comfortable…
Maersk Taking $1.7b Charge on Brazil Assets
Full-year underlying profit guidance unchanged; writedown raises questions over company's oil strategy. Danish oil and shipping group A.P. Moller-Maersk moved to shrink its Brazilian petroleum operations on Tuesday…
