Maersk Oil is set to make further job losses in Denmark, Norway and Scotland as it looks to reduce its costs.
Key work for Maersk Oil’s £3billion gas project in the UK North Sea has contributed to soaring first quarter profits at Japanese firm Modec.
Maersk Oil reported a net operating loss after tax of $29 million in the first quarter, compared with a profit by the same measure of $208 million a year earlier.
Maersk Oil has awarded information management firm Datum360 a four-year contract to deliver Software as a Service (SaaS) solutions for its Culzean development in the North Sea.
DOF has secured new North Sea contracts with operators for two of its vessels
Maersk Oil's chief executive said it could snap up North Sea assets up for sale by Shell if it could "create value" for the company.
Emerson has netted a contract for Maersk Oil's Culzean gas field development in the North Sea.
International energy logistics firm Peterson has secured a long-term contract with oil and gas operator Maersk Oil.
Here's a birds eye view of what it's like to take off from a North Sea platform.
Maersk Oil confirmed in August that it would invest $4.5billion in its high pressure, high temperature Culzean field in the UK Central North Sea. Technically challenging, Culzean will be a flagship development for the North Sea in years to come.
A.P. Moeller-Maersk A/S, Denmark’s biggest company, said profit at its oil unit dropped 86 percent in the third-quarter as energy prices fell. Maersk Oil’s net operating income after tax for the three months through September was $32 million, down from $222 million in the same period a year earlier, the Copenhagen-based company said in a statement on Friday.
TWMA has been awarded two contract with Maersk Oil in the UK including on the Culzean development. The waste management and environmental services firm also involve continuation of provision of innovative technology across Maersk’s North Sea operations. The new work will also help create up to 20 new jobs.
Maersk Drilling will welcome back Lene Reitzel as its new head of Human Resources after two years working with Maersk Tankers.
Maersk Oil has made a minor gas discovery in the Norwegian North Sea but has decided it is profitable at this stage.
Maersk Drilling has been awarded a new contract for the jack-up rig Maersk Resilient with Maersk Oil.
Tata Steel has been awarded a multi-million pound contract for the giant $4.5billion Maersk Oil Culzean project located in the UK central North Sea.
Modec has won a contract from Maersk Oil to supply the floating storage and offloading vessel (FSO) for the Culzean development project in the North Sea. Last month, Maersk Oil confirmed it would invest $4.5billion in its high pressure, high temperature Culzean field in the UK Central North Sea. The cash commitment secures Culzean’s future though 2032, supports 6,000 jobs and creates more than 400 direct jobs.
Heerema Fabrication Group has been awarded the engineering, procurement and construction contract by Maersk Oil for the Culzean jackets.
Energy Voice editor Rita Brown sat down with Maersk Oil chief executive Jakob Thomasen to discuss how the HPHT Cluster Area Allowance helped the firm invest $4.5billion in its North Sea Culzean field, if the government has learned from its 2011 ‘tax grab’ and if any of the 200 jobs at risk with Janice could be saved with the new development.
The head of industry trade body Oil & Gas UK has welcomed Maersk's confirmation that its $4.5billion high pressure, high temperature Culzean field in the UK Central North Sea is to go ahead.
Maersk Oil today confirmed it would invest $4.5billion in its high pressure, high temperature Culzean field in the UK Central North Sea.
Up to 200 staff at Maersk Oil in the UK face the risk of redundancy after the company revealed plans to shut down one of its North Sea assets.
Viking SeaTech has won a long-term contract with the UK business of Maersk Oil. The deal is the first time the specialist marine services provider has struck an agreement with the company. Viking SeaTech will supply rig move equipment and storage services for a fixed period of three years with the option for multiple extensions.
Global engineering consultancy WS Atkins has appointed oil industry stalwart Gretchen Watkins as a non-executive director.