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.

North Sea

Norway clears Aker BP to drill Nordfjellet-Delta prospect


Norway has given Aker BP a permit to drill the Nordfjellet-Delta prospect. The Maersk Interceptor jack-up rig will drill the well. It will be the seventh well drilled on the licence. AkerBP operates and holds a 90.26% stake in the licence.