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AP Moeller - Maersk A/S (MAERSKa.CO)

MAERSKa.CO on Copenhagen Stock Exchange

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9 Dec 2016
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Latest Key Developments (Source: Significant Developments)

AP Moeller Maersk says Maersk Drilling gets 5-year contract for jack-up rig
Monday, 7 Dec 2015 03:20am EST 

AP Moeller Maersk A/S:Says gets 5-year contract for jack-up rig Maersk Guardian for accommodation on various fields in the Danish part of the North Sea.Maersk Drilling says estimated contract value for the firm contract period is $142 million.The contract includes two 1-year options.The Maersk Guardian is currently stacked in Frederikshavn where it will be located throughout the refurbishment period until contract commencement.  Full Article

Petrorio says takes over Maersk 40 pct in Polvo field-Reuters
Friday, 4 Dec 2015 06:40am EST 

Petrorio:Says the national oil regulator ANP approved the exit of Maersk from Polvo field-Reuters.Petrorio to take over Maersk's 40 percent stake and hold 100 percent of asset.  Full Article

Maersk initiates second phase of share buy-back program
Tuesday, 1 Dec 2015 02:55am EST 

AP Moeller Maersk A/S:Initiates second phase of share buy-back program.Says second phase of program will run from Dec. 1, 2015 to March 31, 2016.Says A and B shares will be acquired in a 20/80 split reflecting current trading volumes of two share classes.Says shares to be acquired will be limited to a total market value of 4.40 billion Danish crowns.Says has appointed Handelsbanken as lead manager for second phase of share buy-back.  Full Article

AP Moeller Maersk A/S gets contract worth $44 mln from Total
Monday, 30 Nov 2015 07:00pm EST 

AP Moeller Maersk A/S:Maersk Drilling, a unit in A.P. Moller-Maersk, has been awarded a contract for the drillship Maersk Venturer with oil company Total.The estimated contract value for the programme is $44 million excluding mobilisation.The contract covers one exploration well (estimated duration 120 days) in block 14 offshore Uruguay.  Full Article

AP Moeller Maersk A/S and rest investors delay acquisition of Piraeus Port - Reuters
Thursday, 19 Nov 2015 09:13am EST 

AP Moeller Maersk A/S:Greece pushes back the date for the submission of binding bids for the sale of its biggest port Piraeus by two weeks to Dec. 15 upon investor request, says the head of its privatization agency -Reuters.China's Cosco Group, Danish container terminal operator APM Terminals and Philippines-based International Container Terminal Services were to submit bids on Dec. 3 for a 51 percent stake in OLP.Investors have asked for a two-week extension... to have enough time to check (the company's) financial data, the head the privatization agency, Stergios Pitsiorlas says.  Full Article

Maersk Oil gets approval for development plan in Kurdistan
Tuesday, 17 Nov 2015 05:11am EST 

AP Moeller Maersk A/S:Maersk Oil, a unit in A.P. Moller-Maersk MAERSKb.CO says the Kurdistan regional government of Iraq has approved the field development plan for the Swara Tika discovery in the Sarsang production sharing contract.The Swara Tika discovery is producing at a rate of some 3,000 barrels per day from one well.The field development plan comprises development activities that are expected to increase the oil production capacity initially to some 15-20,000 barrels per day during 2016 with an early production system.Maersk Oil holds an 18 percent participating interest in the Sarsang PSC. The other Sarsang contractors include HKN Energy Ltd (42 percent, Operator) and Marathon Oil KDV B.V (20 percent).The remaining 20 percent interest is held by the KRG.  Full Article

Africa Oil says entered into deal with Maersk Oil
Tuesday, 17 Nov 2015 01:00am EST 

Africa Oil Corp:Entered into deal with Maersk oil & gas a/s, owned by the Maersk group.Under deal Maersk to acquire 50% of co's interests in blocks 10bb,13t , 10ba in Kenya,Rift Basin and South omo blocks in Ethiopia.Says Maersk will pay Africa Oil $350 million as reimbursement of past costs incurred by Africa Oil.Maersk will also carry up to $75 million of company's share of development expenditures upon confirmation of resources.Says transaction is subject to host government and applicable regulatory approvals.Maersk will also carry up to $405 million of co's working interest share of development expenditures for lokichar development project.Discussions with Kenyan government on draft field development plan for discoveries in South Lokichar basin continue positively.  Full Article

Maersk Oil to buy shares in 3 onshore exploration licenses-Reuters
Monday, 9 Nov 2015 01:12am EST 

AP Moeller Maersk A/S' Maersk Oil:Says has agreed to acquire half of Africa Oil corporation's shares in three onshore exploration licenses in Kenya and a further two in Ethiopia-Reuters.Says the licenses cover an area of about 100,000 square kilometres and include eight recent oil discoveries.The value of the deal is split between an upfront farm-in payment of $365 million, including exploration costs.Future contingent payments of up to $480 million will be made by Maersk Oil for the Lokichar Project, determined by the size of the resource after final appraisal and the agreed timetable for first oil.  Full Article

AP Moeller Maersk lowers FY 2015 profit outlook
Friday, 23 Oct 2015 02:00am EDT 

AP Moeller Maersk A/S:Downgrades its profit outlook for FY 2015 by $0.6 billion to an underlying result of around $3.4 billion.  Full Article

AP Moeller Maersk A/S: APM Terminals prepares Costa Rica port expansion
Monday, 19 Oct 2015 03:40am EDT 

AP Moeller Maersk A/S:APM Terminals Moin recently concluded contract for delivery of six, electric powered STS cranes and 29 electric-powered Rubber Tire Gantry Cranes (eRTGs) which will make 1.3 million TEU, deep water container terminal one of most advanced in Latin America upon completion of Phase One in 2018.Says larger container ships with increased refrigerated container capacity will be able to call Costa Rica directly.  Full Article

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Maersk, Hyundai Merchant Marine alliance talks in doubt

COPENHAGEN/SEOUL Doubts about the future of Hyundai Merchant Marine Co Ltd surfaced on Friday after Denmark's Maersk Line said the South Korean shipping firm was no longer being considered for the 2M vessel-sharing alliance.