Maersk Oil & Gas Company News

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Shell Names Former Maersk Oil CEO Watkins As Next US Boss
Tuesday, March 27, 2018Shell's US boss, Bruce Culpepper, will step down at the end of the year.

Maersk Energy Sees Uptick In Offshore Oil Drilling, Profit Still Squeezed
Tuesday, February 20, 2018Prospects for the offshore oil drilling market are improving but profits for drillers are still under pressure and rates will not rise.

Maersk Oil CEO To Step Down After Total Takeover
Wednesday, September 27, 2017The chief executive of Maersk Oil will leave the company when Total's acquisition of the company has been completed.

Maersk Stands to Get Another $7.5 Billion for Energy Divestments
Monday, August 21, 2017Now 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.

Fars News Agency: Maersk Sees Up To 140,000 Bpd Potential For Iran Field
Tuesday, August 01, 2017Maersk 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.

Maersk Says Global IT Breakdown Caused By Cyber Attack
Tuesday, June 27, 2017AP 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.

Maersk Says No Longer Able To Ship Qatar Bound Cargo
Tuesday, June 06, 2017Maersk 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.

Semco Maritime Inks Deal with Maersk Oil and Gas; Will Add Offshore Jobs
Friday, March 17, 2017Semco Maritime enters into its largest contract in company history with Maersk Oil and Gas to add jobs in the North Sea.

Maersk Oil Confirms Plan To Shut Tyra Field In 2018
Friday, December 30, 2016Maersk Oil confirmed in a statement that it plans to stop production at its Tyra gas field.

Maersk to Limit Investment in Energy Businesses until Separation
Tuesday, December 13, 2016Maersk 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.

Maersk Oil CEO Optimistic On Tax Deal For Tyra Gas Field
Thursday, November 03, 2016Maersk 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.

Maersk Oil Begins Culzean Drilling Campaign
Thursday, September 29, 2016Maersk Oil has begun drilling the first production well at the Culzean field, located in the UK North Sea.

Maersk Oil To Focus On North Sea, Kenya After Qatar Contract Loss
Tuesday, June 28, 2016Maersk 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.

Loss of Qatari Oil Contract Piles Pressure on Maersk Profits
Tuesday, June 28, 2016Denmark'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.

Rosenberg Secures Fabrication Contract for Johan Sverdrup
Friday, June 03, 2016Rosenberg WorleyParsons AS secures a contract for the fabrication of three bridges and two flare towers for the Johan Sverdrup project.

Lundin Petroleum Q1 Beats Forecast, Raises Sverdrup Capacity Estimate
Wednesday, May 11, 2016Lundin Petroleum raises output estimates for the first phase of the giant Johan Sverdrup field as it beats 1Q core earnings expectations.

Maersk Oil to Axe 40 Jobs as Low Oil Price Continues to Hurt
Monday, May 09, 2016Denmark's Maersk Oil says it will cut 40 jobs in Copenhagen, Aberdeen and Stavanger due to the low oil price.

DOF Rederi Secures North Sea Services Contracts with Nexen, Maersk
Tuesday, April 12, 2016Oil 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.

First Steel Cut for Maersk Oil's Culzean Gas Project
Thursday, April 07, 2016The fabrication of the topsides for the $4.5 billion Maersk Oil-operated UK North Sea Culzean project has begun.

Denmark Issues 16 Oil, Gas Licenses
Wednesday, April 06, 2016Denmark 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.

Maersk Oil Threatens to Shut Down Tyra Field in 2018
Monday, April 04, 2016Maersk 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.

Royal Boskalis Awarded Johan Sverdrup Services Contract
Friday, April 01, 2016Royal Boskalis Westminster N.V. secures a contract by Samsung Heavy Industries for the transportation of topside modules for the Johan Sverdrup project, offshore Norway.

Harkand Secures Subsea Support Services Contract with Maersk Oil
Tuesday, March 15, 2016Harkand 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.

Africa Oil Completes Ethiopia Farm-out Deal with Maersk Oil
Tuesday, February 23, 2016Africa 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.

European Energy Firms Post Billion Dollar Losses in 2015
Wednesday, February 10, 2016Tullow Oil and Maersk Oil register billion dollar losses in 2015, amid an ever-declining low oil price.

Aker to Deliver Johan Sverdrup Concept Study
Wednesday, February 10, 2016Aker Solutions will work on a concept study for a new processing platform for future phases of the Statoil-operated Johan Sverdrup North Sea field.

Africa Oil Receives Government Approval for Maersk Farm-Out
Monday, January 11, 2016Africa 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.

Sembcorp Marine Bags MODEC's FSO Construction Contract for Culzean Field
Thursday, November 19, 2015Sembcorp 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.

Maersk Oil Says It Has Several Billions Of Dollars For Acquisition Drive
Tuesday, November 17, 2015Maersk 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.

Maersk Oil to Acquire 50% of Africa Oil's Interests in Kenya, Ethiopia
Monday, November 09, 2015Maersk 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.

Maersk Oil Cuts Exploration Spend in 2015
Friday, November 06, 2015Maersk Oil expects its exploration costs in 2015 to be almost $300 million lower than last year, due to the reduction of exploration activity.

Aibel Secures Johan Sverdrup Power Supply Contract
Thursday, October 15, 2015Aibel 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.

FMC Kongsberg Secures Johan Sverdrup EPC Contract
Friday, September 18, 2015FMC Kongsberg Subsea AS secures an EPC contract, worth an estimated $160 million, for subsea equipment for the Johan Sverdrup project.

MODEC Bags FSO Supply Contract from Maersk Oil for Culzean Field
Wednesday, September 16, 2015MODEC bags contract to supply a floating storage and offloading vessel to Maersk Oil for the Culzean field in the North Sea.

Heerema Secures Services Contract for Culzean
Thursday, September 03, 2015Heerema Fabrication Group secures an engineering, procurement and construction contract, with Maersk Oil North Sea UK Limited, for the Culzean development in the North Sea.

SMOE Bags $1B EPC Contract from Maersk Oil for Culzean Project in North Sea
Tuesday, September 01, 2015Sembcorp 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.

Subsea 7 Awarded $150M SURF Contract for Culzean
Tuesday, September 01, 2015Subsea 7 is awarded a subsea, umbilical, riser and flowline (SURF) contract by Maersk Oil for the Culzean development, located in the UK North Sea.

Go-Ahead Given for Biggest UK Field Found in a Decade
Monday, August 31, 2015Maersk 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.

Maersk Seeks to Shut Oil Installation in UK North Sea
Wednesday, August 26, 2015Maersk Oil seeks regulatory permission to shut its Janice installation, which produces around 7,000 barrels per day from three UK North Sea oilfields.

First Phase of Johan Sverdrup Development Approved
Friday, August 21, 2015The Norwegian Ministry of Petroleum and Energy approves the first phase of development for the Johan Sverdrup field.

Det Norske to Appeal Sverdrup Oilfield Ownership, 2Q Earnings Lag
Wednesday, July 15, 2015Norway's Det norske oljeselskap plans to appeal a government decisions giving it a smaller stake in the giant Johan Sverdrup oilfield.

Norway Decides on Johan Sverdrup Ownership Interests
Thursday, July 02, 2015The Norwegian government decides on how the Johan Sverdrup field will be split among its five owners.

Harkand Begins Decom Work in the Leadon Field with Maersk Oil
Thursday, June 18, 2015Oilfield engineering services firm Harkand begins decommissioning work on the UK Continental Shelf, supporting Maersk Oil UK's work in the Leadon field.

Odfjell Drilling Wins North Sea Contracts Worth up to $1.04 Billion
Monday, June 15, 2015Statoil awards rig firm Odfjell Drilling contracts worth up to $1.04 billion for work on the giant Johan Sverdrup field in the North Sea.

Maersk Beats Forecasts, Loses Shipping Market Share
Wednesday, May 13, 2015Maersk 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.

Maersk Oil Makes New Discovery in Danish North Sea
Tuesday, May 12, 2015Maersk Oil discovers hydrocarbons in Danish North Sea

Maersk Oil Commences Production from New Platform in Danish North Sea
Tuesday, March 31, 2015Maersk Oil commences production from a new unmanned platform Tyra Southeast-B in the Danish North Sea.

Analysts: Maersk May Reward Shareholders As Oil Unit Suffers
Monday, February 23, 2015Moller-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.

Maersk Opens Aberdeen Offshore Drilling Simulation, Well Control Facility
Wednesday, February 18, 2015Maersk Training opens a new advanced training facility in Kingswells, Aberdeen purposed to create a more competent workforce.

Xana Well Spuds Offshore Denmark
Tuesday, December 09, 2014Noreco Energy reports that drilling is underway on the Xana exploration well offshore Denmark.