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Maersk Oil

Coronavirus

Virtual virus health checks more critical than ever

The oil and gas industry has been battered by a perfect hurricane of the three Cs: coronavirus, climate concern and a collapse in crude prices. But a fourth big C, a perennial threat to the health of the sector, lurks in the background and could cause even greater damage than usual in today’s fraught operating environment.

North Sea

Maersk’s oil exit comes with $1.2bn ball and chain

AP Moller-Maersk is about to exit the Danish offshore oil industry that it created half a century ago. But for the next few decades, it will be stuck with a liability stemming from that business that’s as big as $1.2 billion.