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 executive said on Tuesday. A.P. Moller-Maersk said on Aug. 17 it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest move by the … [Read more...]
Maersk’s Offloading of Drilling Unit is Latest Move to Exit Energy
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 the world’s biggest shipping operations and is working on turning itself into a pure transport company, said on Friday that the decision will take … [Read more...]
Maersk to Spin Off Drilling Unit, Hand Total Shares to Investors
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, the latest move by the Danish shipping company to focus entirely on transport and logistics. Maersk, which cut its full-year profit outlook this month, sold Maersk Oil to … [Read more...]
Maersk Said to Plan Drilling Spinoff to Focus on Transport
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 sale as the Danish conglomerate shifts focus to its transport activities, according to people familiar with the matter. The world’s biggest shipping company may announce the … [Read more...]
Maersk Unveils Maersk Decom, Its New Oil Rig Decommissioning Unit
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, named Maersk Decom, was established in April 2018 as a 50-50 joint venture between Maersk units Maersk Drilling and Maersk Supply Service. The joint venture will initially offer bundled … [Read more...]