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

MAERSKb.CO on Copenhagen Stock Exchange

12,480.00DKK
26 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Statoil cuts cost of Sverdrup development by another $640 mln
Monday, 4 Sep 2017 01:07am EDT 

Sept 4 (Reuters) - Statoil Asa :Further improvements on Johan Sverdrup oilfield.Further reduce investment costs for first phase of development by NOK 5 billion ($642.29 million) to NOK 92 billion.Sverdrup development passed halfway mark over summer, and is now nearly 60% complete, ahead of plan and below budget.Phase 1 is expected to start up in late 2019 with production capacity estimated at 440,000 barrels of oil per day.Phase 2 is expected to start up in 2022, with full field production estimated at 660,000 barrels of oil per day.  Full Article

Maersk Drilling CEO sees uptake in offshore market towards 2019
Thursday, 17 Aug 2017 05:06am EDT 

Aug 17 (Reuters) - MAERSK DRILLING MAERSKB.CO CEO JORN MADSEN SAID IN AN INTERVIEW::"WE THINK THAT TOWARDS 2018 WE WILL SEE AN UPTAKE IN THE (OFFSHORE DRILLING) MARKET.".SAYS ACTIVITY IN JACK-UP SEGMENT HAS BEEN RISING SINCE THE END OF LAST YEAR AND FIRST HALF OF 2017. ."I HAVE BECOME SLIGHTLY MORE OPTIMISTIC ON THE JACK-UP SIDE."."THE (DRILLING) SECTOR IS GENERALLY MORE FRAGMENTED THAN OTHER SECTORS, SO I DON'T SEE A CONSOLIDATION AS SOMETHING NEGATIVE."."(M&A) ACTIVITY IS ALWAYS GOOD IN RELATION TO A SPIN-OFF. IT IS POSITIVE THAT WE AGAIN SEE INVESTOR BELIEF THAT THE DRILLING MARKET HAS BECOME INTERESTING.".  Full Article

Maersk Drilling says secures important contracts for three rigs
Thursday, 17 Aug 2017 04:05am EDT 

Aug 17 (Reuters) - MAERSK DRILLING, A UNIT OF DANISH CONGLOMERATE A. P. MOLLER-MAERSK , SAYS ON ITS WEBSITE:SECURES IMPORTANT CONTRACTS FOR THREE RIGS.HAS BEEN AWARDED A CONTRACT BY SHELL <<>> FOR THE DEEPWATER SEMI-SUBMERSIBLE RIG MÆRSK DEVELOPER.ALSO BEEN AWARDED A CONTRACT EXTENSION FOR THE HIGH EFFICIENCY JACK-UP MAERSK RESOLVE BY WINTERSHALL NOORDZEE B.V..HAS ENTERED INTO AN EXTENSION OF THE CONTRACT WITH PETROGAS E&P NETHERLANDS FOR THE HIGH EFFICIENCY JACK-UP MAERSK RESOLUTE.  Full Article

Maersk Drilling extends drillship contract with ExxonMobil
Wednesday, 24 May 2017 04:57am EDT 

May 24 (Reuters) - A.P. MOLLER-MAERSK :SAYS MAERSK DRILLING AWARDED EXTENSION FOR DRILLSHIP MAERSK VIKING BY OIL MAJOR EXXONMOBIL <<>>.THE ESTIMATED VALUE OF THE CONTRACT EXTENSION IS $22.5 MLN, WITH A DURATION OF 150 DAYS.MAERSK VIKING WILL NOW BE IN OPERATION FOR UNTIL DECEMBER 2017."IT IS EVIDENT THAT WE ARE NOW LOOKING AT A DAY RATE MUCH LOWER THAN THE ORIGINAL CONTRACT, REFLECTING THE CURRENT MARKET SITUATION," SAYS VICE PRESIDENT AND HEAD OF GLOBAL SALES IN MAERSK DRILLING, MICHAEL REIMER MORTENSEN."HOWEVER, MAERSK DRILLING HAS SIGNIFICANTLY LOWERED COST LEVELS ACROSS THE FLEET IN THE PAST YEARS, ENABLING US TO OPERATE JUST AS EFFICIENTLY IN THIS NEW ENVIRONMENT".  Full Article

Genesee & Wyoming- Subsidiary enters into agreement to acquire Pentalver Transport from APM Terminals
Monday, 12 Dec 2016 04:01pm EST 

Genesee & Wyoming Inc : Genesee & Wyoming Inc - transaction is expected to close in q1 of 2017. . Genesee & Wyoming Inc - deal for approximately £87 million .Genesee & Wyoming Inc. subsidiary enters into agreement to acquire Pentalver Transport Limited from APM Terminals; expands service capabilities in U.K. Intermodal logistics.  Full Article

BRIEF-A.P. Moller-Maersk Q3 net profit down 44 pct to $438 mln
Wednesday, 2 Nov 2016 03:35am EDT 

Corrects last bullet point to read $1.3 bln.A.P. Moller-Maersk reports Q3 earnings: Q3 net profit $438 million versus $490 million seen in Reuters poll . Q3 EBIT $805 million versus $870 million seen in Reuters poll . Q3 revenue $9.177 billion versus $9.382 billion seen in Reuters poll . Says group's guidance for 2016 is subject to considerable uncertainty due to developments in global economy, freight rates and oil price . Q3 underlying profit $426 mln . Says still expects a result significantly below last year ($1.3 bln) Further company coverage: [MAERSKb.CO] (Reporting by Jacob Gronholt-Pedersen; editing by Jason Neely) ((jacob.pedersen@thomsonreuters.com;)).  Full Article

A.P. Moller-Maersk Q3 net profit down 44 pct to $438 mln
Wednesday, 2 Nov 2016 03:18am EDT 

A.P. Moller-Maersk reports Q3 earnings: Q3 net profit $438 million versus $490 million seen in Reuters poll . Q3 EBIT $805 million versus $870 million seen in Reuters poll . Q3 revenue $9.177 billion versus $9.382 billion seen in Reuters poll . Says group's guidance for 2016 is subject to considerable uncertainty due to developments in global economy, freight rates and oil price . Q3 underlying profit $426 mln . Says still expects a result significantly below last year ($3.1 bln) Further company coverage: [MAERSKb.CO] (Reporting by Jacob Gronholt-Pedersen; editing by Jason Neely) ((jacob.pedersen@thomsonreuters.com;)).  Full Article

Statoil says Stausholm resigns from board
Monday, 3 Oct 2016 01:59am EDT 

Statoil Asa : Says Jakob Stausholm leaves the board of directors .Stausholm has informed that he will resign from his position as member of the board of directors in Statoil ASA with immediate effect in order to avoid potential conflicts of interests following his new appointment as CFO of the Maersk group.  Full Article

A.P. Moller-Maersk appoints new Damco CEO, effective from Oct 1
Wednesday, 28 Sep 2016 01:51am EDT 

A.P. Moller-Maersk : Says Klaus Rud sejling, current head of East West Trades in Maersk Line, has been appointed CEO of its logistics company, Damco, with effect from Oct. 1 . Says current Damco CEO, Hanne B. Sorensen, has decided to leave Maersk Group Further company coverage: [MAERSKb.CO] (Reporting by Annabella Pultz Nielsen) ((Annabella.PultzNielsen@thomsonreuters.com;)).  Full Article

A.P. Moller-Maersk says to split into two companies
Wednesday, 21 Sep 2016 11:58pm EDT 

A.P. Moller-Maersk : Reorganising A.P. Moller-Maersk into two separate divisions; Transport & Logistics and Energy . Says Oil and oil related businesses, either individually or in combination, to be separated from A.P. Moller-Maersk . Progress update on strategic review and change of management . Says Transport & Logistics will consist of Maersk Line, APM Terminals, Damco, Svitzer and Maersk Container Industry based on a one company structure with multiple brands . Says Energy will consist of Maersk Oil, Maersk Drilling, Mersk Supply Service and Maersk Tankers . Soren Skou will continue as group CEO of A.P. Moller-Maersk . Says main growth focus of A.P. Moller-Maersk going forward will be delivering best in class transportation and logistics services as an integrated Transport & Logistics company . Says Maersk Line will grow market share organically and through acquisitions . Maersk Oil will mature existing key development projects, while keeping exploration activities and expenses at a low level . Says Jakob Stausholm will be appointed group CFO of A.P. Moller-Maersk as of 1 December . Says Kim Fejfer will step down as member of registered management effective on 1 October and as CEO of APM Terminals effective on 1 November.  Full Article

BRIEF-Rowan is said in talks to acquire Maersk's drilling business which may be valued at about $4 billion - Bloomberg

* Rowan is said in talks to acquire Maersk's drilling business which may be valued at about $4 billion - Bloomberg, citing sources Source text: [https://bloom.bg/2fk4108] Further company coverage: