Maersk Drilling says it is taking steps to reduce its offshore crew pool as it stacks North Sea rigs in light of the COVID-19 pandemic and crash in oil prices. ...

COPENHAGEN, April 4 (Reuters) – A.P. Moller-Maersk spun off its oil and gas drilling unit and listed it separately on the Copenhagen stock exchange on Thursday, where it was traded...

By Nerijus Adomaitis (Reuters) – Drilling rig contractor Maersk Drilling will provide strong competition for its peers when it is spun off from the A.P. Moller-Maersk conglomerate next year, its chief...

By Christian Wienberg (Bloomberg) — A.P. Moller-Maersk A/S has decided to list its drilling unit separately, marking its latest step toward a complete exit from the energy industry. Copenhagen-based Maersk, which owns...

By Jacob Gronholt-Pedersen and Stine Jacobsen COPENHAGEN, Aug 17 (Reuters) – A.P. Moller-Maersk said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year,...

Update: Maersk Confirms Drilling Unit Spin-Off By Manuel Baigorri, Ruth David and Matthew Miller (Bloomberg) — A.P. Moller-Maersk A/S is planning to spin off its drilling unit instead of pursuing...

A.P. Moller – Maersk’s new oil rig decommissioning unit had its name unveiled last week along with confirmation that its senior management team is now in place. The new company,...

By Clara Denina , Jonathan Saul, Dasha Afanasieva and Jacob Gronholt-Pedersen LONDON/COPENHAGEN, May 9 (Reuters) – Shipping group A.P. Moller-Maersk is likely to shelve plans to list its struggling offshore drilling...

Maersk Drilling and Maersk Supply Service have announced a joint venture that will provide decommissioning services to offshore oil and gas operators. The 50-50 joint venture will initially offer bundled...

Finnish technology company Wärtsilä on Tuesday said it has reached an agreement with offshore drilling contractor Maersk Drilling create a long-term strategy aimed at reducing costs and downtime associated with...

By Stine Jacobsen COPENHAGEN, Feb 20 (Reuters) – Prospects for the offshore oil drilling market are improving but profits for drillers are still under pressure and rates will not rise...

Maersk Drilling is reportedly laying off 84 Houston-based offshore workers due to lack of work, the Houston Business Journal reported based on a letter it obtained from the Texas Workforce...

By Lefteris Karagiannopoulos OSLO, June 8 (Reuters) – An offshore drilling rig hired by Norwegian oil and gas producer Aker BP is getting all its power from electricity produced onshore,...

Maersk Drilling says it has been awarded a 150-day contract extension by ExxonMobil for the ultra-deepwater drillship Maersk Viking at a significantly lower day rate compared to the original long-term...

Maersk Drilling has taken delivery of its fourth XLE jack-up rig, the Maersk Invincible, from Daewoo Shipbuilding and Marine Engineering (DSME) in South Korea. The rig is the fourth and...

Maersk Drilling has announced that it is reducing its headcount at its main office in Copenhagen by about 70 positions. “This is a response to the continued market decline and...

Maersk Drilling on Friday named one of the world’s largest jack-up rig, Maersk Invincible, at the DSME shipyard in Okpo, South Korea. The rig is the last of Maersk Drilling’s...

COPENHAGEN, Aug 15 (Reuters) – Maersk Drilling expects the weak market to continue in the short and medium term but still hopes to avoid laying up or cold stacking rigs...

COPENHAGEN, Aug 2 (Reuters) – Maersk Drilling will cut 122 jobs in the United States due to the early termination of a contract for deepwater rig Maersk Valiant, a spokeswoman...

By Teis Jensen and Jonathan Saul COPENHAGEN/LONDON, June 28 (Reuters) – Denmark’s A.P. Moller-Maersk has lost a major oil production contract in Qatar this week, just days after the shipping...