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Maersk bounces back with a hard-earned profitable quarter
May 25, 2019
Source: Energy Voice

Maersk bounces back with a hard-earned profitable quarter

One of the largest conglomerates in the logistics and energy sectors, AP Moller-Maersk has reported a small pre-tax profit of £1.5 million for 1Q2019. The firm also saw a significant jump in revenue from £7,354m in 1Q2018 to £7,534m in 1Q2019. CEO, AP Moller – Maersk said, “In Q1, revenue grew by 2.5%, operating earnings improved by 33% and cash flow from operations doubled to USD 1.5bn.”

Eni discovers gas and condensate in CTP-Block 4, offshore Ghana
May 10, 2019
Source: Eni

Eni discovers gas and condensate in CTP-Block 4, offshore Ghana

Italian oil major, Eni has informed about discovering gas and condensate in CTP-Block 4, offshore Ghana. Eni used the Maersk Voyager drilling ship to drill the well on the Akoma exploration prospect, uncovering an estimated volume of 550-650 bcf of gas and 18-20 mmbbl of condensate. Eni operates the CTP-Block 4 where Vitol Upstream Tano, GNPC, Woodfields Upstream, and Explorco are partners.

Maersk Supply Service receives a long-term contract from Chevron
Jan. 10, 2019
Source: World Oil

Maersk Supply Service receives a long-term contract from Chevron

Maersk Supply Service has been given a contract by Chevron Australia. This contract is regarding the two newbuild anchor handling tug supply vessels of Maersk which will be used in Chevron’s Gorgon Stage Two drilling program. The services will start from the second-quarter of 2019. Towing, anchor handling, supply, and WROV services will be provided by Maersk Mariner and Maersk Master.

Maersk gears up for new IMO norms
Sept. 17, 2018

Maersk gears up for new IMO norms

The world's biggest container shipping group, A.P. Moller-Maersk is gearing up for the new global fuel regulations taking effect in 2020. The new norms set by IMO and the United Nations' shipping agency, caps the sulphur content in marine fuels at 0.5%. Maersk is installing new scrubber technology on a limited number of vessels in its fleet to reduce harmful exhaust emissions.

Maersk to comply with US sanctions on Iran
May 22, 2018
Source: ICIS

Maersk to comply with US sanctions on Iran

Maersk, Denmark's shipping giant, is all set to wind down its operations in Iran, in response to the US pulling out of the nuclear deal. The re-introduction of sanctions on Iran by US is probable, following a wind-down period for companies to get their affairs in the country in order. Maersk currently serves customers in the Iranian market via a feeder service, utilizing third-party vessels from Jebel Ali, Dubai.

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