EnergyWatch

Maersk senior VP: Divestment is a relatively quick transaction

For Denmark as well as for Maersk Group, the divestment of Maersk Oil to Total was the right solution, says the CEO of the Energy division Claus Hemmingsen to ShippingWatch. There were many inherent uncertainties in a listing, he says.

Photo: Maersk Drilling

It was the right solution for Maersk Group and for Denmark to sell Maersk Oil instead of listing the division, which had been one of the other options for the oil company, says Claus Hemmingsen.

Hemmingsen is senior vice president of Maersk and CEO of Maersk Energy, and he spoke with ShippingWatch on the day of the group's announcement that Maersk Oil had been sold to French Total.

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

The 'new' Seadrill estimated to be worth USD 1.2bn

SEB evaluates that the recently restructured Seadrill will have a fair equity value of about USD 1.2bn. Since the news of the restructuring broke over the weekend, the Seadrill stock price has only plummeted.

Higher revenue didn't save Subsea 7 from bottom-line loss

Subsea 7 increased its revenue with 59 percent compared to 2020, however, it was not enough to keep the balance sheet in the black on the bottom line. The offshore company states that delays and Covid-19 impacted business in the second quarter.

Equinor continues advance in Q2

After a year of seeing deficits in several quarters, Equinor now maintains the fine form the company came into during the first quarter 2021.

Further reading

Related articles

Trial banner

Latest News

See all jobs