EnergyWatch

Maersk Drilling's share price doubled in 2021: "We've surpassed our competitors"

Maersk Drilling's share price has, so far, nearly doubled in 2021 after it almost bottomed out in 2020, a year that pressured the already strained drilling industry. Low debt positions the company better than its competitors, said chairman Claus Hemmingsen during the company's general assembly Thursday.

Photo: Casper Holmenlund Christensen

The hard-pressed drilling sector did not have an easy 2020, during which both the coronavirus crisis and oil price collapse of affected the market.

Despite all this, Maersk Drilling's share price is up 44 percent since the beginning of 2021, although it still has quite some way to go before it reaches the listing price of DKK 570 (USD 91) from the 2019 IPO.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Europe's wind industry urges ban on landfilling spent blades

With the outlook to roughly 25,000 tonnes of decommissioned wind turbine blades existing in 2025 – and twice as much five years later – the wind sector wants the EU to ban landfilling the composite components and to support development of new solutions.

Vestas wins order for 372 MW

The wind turbine manufacturer seals its largest order to date from Eastern Europe with an additional 62 Enventus units headed to a project in Ukraine.

Further reading

Related articles

Latest News

See all jobs