Maersk Oil & Gas Company News

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Shell Names Former Maersk Oil CEO Watkins As Next US Boss
Shell's US boss, Bruce Culpepper, will step down at the end of the year.
8:00 PM EST | March 26, 2018
Maersk Energy Sees Uptick In Offshore Oil Drilling, Profit Still Squeezed
Prospects for the offshore oil drilling market are improving but profits for drillers are still under pressure and rates will not rise.
7:00 PM EST | February 19, 2018
Maersk Oil CEO To Step Down After Total Takeover
The chief executive of Maersk Oil will leave the company when Total's acquisition of the company has been completed.
8:00 PM EST | September 26, 2017
Maersk Stands to Get Another $7.5 Billion for Energy Divestments
Now that its oil and gas unit has been sold, Moller-Maersk A/S is planning separate divestments for the three remaining bits of what used to be a combined energy division.
8:00 PM EST | August 20, 2017
Fars News Agency: Maersk Sees Up To 140,000 Bpd Potential For Iran Field
Maersk Oil has estimated potential output for the second phase of Iran's South Pars oil deposit at 120,000-140,000 barrels of oil per day, Fars News Agency reports.
8:00 PM EST | July 31, 2017
Maersk Says Global IT Breakdown Caused By Cyber Attack
AP Moller-Maersk, which handles one out of seven containers shipped globally, said a cyber attack had caused outages at its computer systems across the world.
8:00 PM EST | June 26, 2017
Maersk Says No Longer Able To Ship Qatar Bound Cargo
Maersk can no longer transport goods in or out of Qatar after Arab countries imposed restrictions on trade with the tiny Gulf state, the company says.
8:00 PM EST | June 05, 2017
Semco Maritime Inks Deal with Maersk Oil and Gas; Will Add Offshore Jobs
Semco Maritime enters into its largest contract in company history with Maersk Oil and Gas to add jobs in the North Sea.
8:00 PM EST | March 16, 2017
Maersk Oil Confirms Plan To Shut Tyra Field In 2018
Maersk Oil confirmed in a statement that it plans to stop production at its Tyra gas field.
7:00 PM EST | December 29, 2016
Maersk to Limit Investment in Energy Businesses until Separation
Maersk will limit investment in its energy businesses until they are separated, the group's CEO Soren Skou said in a webinar from the company's Capital Markets Day event.
7:00 PM EST | December 12, 2016
Maersk Oil CEO Optimistic On Tax Deal For Tyra Gas Field
Maersk Oil remains optimistic it will secure a tax deal by the end of the year allowing it to continue production at the Tyra gas field in the Danish part of the North Sea.
8:00 PM EST | November 02, 2016
Maersk Oil Begins Culzean Drilling Campaign
Maersk Oil has begun drilling the first production well at the Culzean field, located in the UK North Sea.
8:00 PM EST | September 28, 2016
Maersk Oil To Focus On North Sea, Kenya After Qatar Contract Loss
Maersk Oil will focus on building on its operations in the North Sea and in Kenya, after it lost the contract to operate Qatar's largest offshore oilfield.
8:00 PM EST | June 27, 2016
Loss of Qatari Oil Contract Piles Pressure on Maersk Profits
Denmark's A.P. Moller-Maersk loses a major oil production contract in Qatar this week, just days after the shipping and oil group said it was considering a break-up due to worsening market conditions, shipping and banking sources say.
8:00 PM EST | June 27, 2016
Rosenberg Secures Fabrication Contract for Johan Sverdrup
Rosenberg WorleyParsons AS secures a contract for the fabrication of three bridges and two flare towers for the Johan Sverdrup project.
8:00 PM EST | June 02, 2016
Lundin Petroleum Q1 Beats Forecast, Raises Sverdrup Capacity Estimate
Lundin Petroleum raises output estimates for the first phase of the giant Johan Sverdrup field as it beats 1Q core earnings expectations.
8:00 PM EST | May 10, 2016
Maersk Oil to Axe 40 Jobs as Low Oil Price Continues to Hurt
Denmark's Maersk Oil says it will cut 40 jobs in Copenhagen, Aberdeen and Stavanger due to the low oil price.
8:00 PM EST | May 08, 2016
DOF Rederi Secures North Sea Services Contracts with Nexen, Maersk
Oil and gas services company DOF Rederi AS signs an agreement with Nexen Petroleum UK and Maersk Oil North Sea UK Ltd for the use of 2 of its vessels in the North Sea.
8:00 PM EST | April 11, 2016
First Steel Cut for Maersk Oil's Culzean Gas Project
The fabrication of the topsides for the $4.5 billion Maersk Oil-operated UK North Sea Culzean project has begun.
8:00 PM EST | April 06, 2016
Denmark Issues 16 Oil, Gas Licenses
Denmark issues 16 oil and gas exploration licenses in the North Sea, just days after A.P. Moller-Maersk threatens to shut down the country's main gas field.
8:00 PM EST | April 05, 2016
Maersk Oil Threatens to Shut Down Tyra Field in 2018
Maersk Oil announces that production from Tyra East and Tyra West in the Danish North Sea will cease on October 1, 2018, if an "economically viable solution" for continued operations is not identified during 2016.
8:00 PM EST | April 03, 2016
Royal Boskalis Awarded Johan Sverdrup Services Contract
Royal Boskalis Westminster N.V. secures a contract by Samsung Heavy Industries for the transportation of topside modules for the Johan Sverdrup project, offshore Norway.
8:00 PM EST | March 31, 2016
Harkand Secures Subsea Support Services Contract with Maersk Oil
Harkand secures a multi-million dollar contract with Maersk Oil North Sea UK Ltd to deliver subsea support services, including a commissioning support campaign for the Flyndre development in the North Sea.
8:00 PM EST | March 14, 2016
Africa Oil Completes Ethiopia Farm-out Deal with Maersk Oil
Africa Oil Corp. completes a farm-out deal with Maersk Olie og Gas A/S in relation to the South Omo and Rift Basin Blocks in Ethiopia.
7:00 PM EST | February 22, 2016
European Energy Firms Post Billion Dollar Losses in 2015
Tullow Oil and Maersk Oil register billion dollar losses in 2015, amid an ever-declining low oil price.
7:00 PM EST | February 09, 2016
Aker to Deliver Johan Sverdrup Concept Study
Aker Solutions will work on a concept study for a new processing platform for future phases of the Statoil-operated Johan Sverdrup North Sea field.
7:00 PM EST | February 09, 2016
Africa Oil Receives Government Approval for Maersk Farm-Out
Africa Oil Corp. receives approval from the government of Kenya for a farm-out deal with Maersk Olie og Gas A/S concerning Kenya's blocks 10BB, 13T and 10BA.
7:00 PM EST | January 10, 2016
Sembcorp Marine Bags MODEC's FSO Construction Contract for Culzean Field
Sembcorp Marine bags a contract to design and build a new floating storage and offloading vessel for MODEC to be deployed to Maersk's Culzean field in the North Sea.
7:00 PM EST | November 18, 2015
Maersk Oil Says It Has Several Billions Of Dollars For Acquisition Drive
Maersk Oil has several billion dollars to buy new licences, oil-producing fields or even launch a corporate takeover, the company's Chief Operating Officer told Reuters.
7:00 PM EST | November 16, 2015
Maersk Oil to Acquire 50% of Africa Oil's Interests in Kenya, Ethiopia
Maersk Oil & Gas will acquire 50% of Africa Oil's interests in blocks 10BB, 13T and 10BA in Kenya and the Rift Basin and South Omo blocks in Ethiopia.
7:00 PM EST | November 08, 2015
Maersk Oil Cuts Exploration Spend in 2015
Maersk Oil expects its exploration costs in 2015 to be almost $300 million lower than last year, due to the reduction of exploration activity.
7:00 PM EST | November 05, 2015
Aibel Secures Johan Sverdrup Power Supply Contract
Aibel secures a contract for the construction of a converter station at Haugsneset and required construction site work for land-based power supply to the Johan Sverdrup field.
8:00 PM EST | October 14, 2015
FMC Kongsberg Secures Johan Sverdrup EPC Contract
FMC Kongsberg Subsea AS secures an EPC contract, worth an estimated $160 million, for subsea equipment for the Johan Sverdrup project.
8:00 PM EST | September 17, 2015
MODEC Bags FSO Supply Contract from Maersk Oil for Culzean Field
MODEC bags contract to supply a floating storage and offloading vessel to Maersk Oil for the Culzean field in the North Sea.
8:00 PM EST | September 15, 2015
Heerema Secures Services Contract for Culzean
Heerema Fabrication Group secures an engineering, procurement and construction contract, with Maersk Oil North Sea UK Limited, for the Culzean development in the North Sea.
8:00 PM EST | September 02, 2015
SMOE Bags $1B EPC Contract from Maersk Oil for Culzean Project in North Sea
Sembcorp Marine's subsidiary SMOE bags a $1 billion engineering, procurement and construction contract for the Culzean field project in the North Sea from Maersk Oil.
8:00 PM EST | August 31, 2015
Subsea 7 Awarded $150M SURF Contract for Culzean
Subsea 7 is awarded a subsea, umbilical, riser and flowline (SURF) contract by Maersk Oil for the Culzean development, located in the UK North Sea.
8:00 PM EST | August 31, 2015
Go-Ahead Given for Biggest UK Field Found in a Decade
Maersk Oil says that the UK's biggest hydrocarbon discovery for a decade has been approved for development, and will support an estimated 6,000 UK jobs.
8:00 PM EST | August 30, 2015
Maersk Seeks to Shut Oil Installation in UK North Sea
Maersk Oil seeks regulatory permission to shut its Janice installation, which produces around 7,000 barrels per day from three UK North Sea oilfields.
8:00 PM EST | August 25, 2015
First Phase of Johan Sverdrup Development Approved
The Norwegian Ministry of Petroleum and Energy approves the first phase of development for the Johan Sverdrup field.
8:00 PM EST | August 20, 2015
Det Norske to Appeal Sverdrup Oilfield Ownership, 2Q Earnings Lag
Norway's Det norske oljeselskap plans to appeal a government decisions giving it a smaller stake in the giant Johan Sverdrup oilfield.
8:00 PM EST | July 14, 2015
Norway Decides on Johan Sverdrup Ownership Interests
The Norwegian government decides on how the Johan Sverdrup field will be split among its five owners.
8:00 PM EST | July 01, 2015
Harkand Begins Decom Work in the Leadon Field with Maersk Oil
Oilfield engineering services firm Harkand begins decommissioning work on the UK Continental Shelf, supporting Maersk Oil UK's work in the Leadon field.
8:00 PM EST | June 17, 2015
Odfjell Drilling Wins North Sea Contracts Worth up to $1.04 Billion
Statoil awards rig firm Odfjell Drilling contracts worth up to $1.04 billion for work on the giant Johan Sverdrup field in the North Sea.
8:00 PM EST | June 14, 2015
Maersk Beats Forecasts, Loses Shipping Market Share
Maersk Line lost market share in container shipping in the first quarter, disappointing analysts who said AP Moller-Maersk's forecast-beating results had been helped by one-offs.
8:00 PM EST | May 12, 2015
Maersk Oil Makes New Discovery in Danish North Sea
Maersk Oil discovers hydrocarbons in Danish North Sea
8:00 PM EST | May 11, 2015
Maersk Oil Commences Production from New Platform in Danish North Sea
Maersk Oil commences production from a new unmanned platform Tyra Southeast-B in the Danish North Sea.
8:00 PM EST | March 30, 2015
Analysts: Maersk May Reward Shareholders As Oil Unit Suffers
Moller-Maersk may announce a second share buyback scheme in its 110-year history, analysts say, allowing it to reward shareholders as its oil unit takes a battering from a slump in prices.
7:00 PM EST | February 22, 2015
Maersk Opens Aberdeen Offshore Drilling Simulation, Well Control Facility
Maersk Training opens a new advanced training facility in Kingswells, Aberdeen purposed to create a more competent workforce.
7:00 PM EST | February 17, 2015
Xana Well Spuds Offshore Denmark
Noreco Energy reports that drilling is underway on the Xana exploration well offshore Denmark.
7:00 PM EST | December 08, 2014