COPENHAGEN, March 29 (Reuters) - A.P. Moller-Maersk said on Friday it had abandoned plans to sell its offshore services business, blaming tough market conditions for the blow to the Danish conglomerate's attempts to focus entirely on its transport and logistics business. "This disturbs the tale they started to tell in 2016. Supply service does not fit their business at all," … [Read more...]
China Leads Countries Plumbing the Ocean Depths for Metallic Rocks
By Barbara Lewis LONDON, Nov 14 (Reuters) - China, the leading holder of international deep sea exploration licences, has increased its lead in the race for alternative sources of battery minerals by taking samples from cobalt-bearing mountains deep in the Pacific. The cobalt-rich crusts could one day curb the world's dependence on cobalt from Democratic Republic of Congo, … [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...]
Maersk Supply Service AHTS Embarks on Deep Sea Mining Study in Pacific
A Maersk Supply Service AHTS has departed San Diego on its first deep sea mineral study in the ultra-deep waters of the Pacific Ocean. The departure marks Maersk Supply Service's first mineral mining voyage on behalf of the deep sea metal company, DeepGreen. The two companies began working together in 2017 to develop a method for harvesting small metallic rocks, known as … [Read more...]
Maersk Units Form New Offshore Decommissioning Company
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 solutions for up to 80% of the process required in decommissioning an oil field, the two companies said in a press release. In addition to project management, the bundled … [Read more...]