HOME / Maersk to spin off drilling rig unit

Maersk to spin off drilling rig unit

UPDATE 3-Denmark''s Maersk to spin off drilling, hand Total

COPENHAGEN, Aug 17 (Reuters) – A.P. Moller-Maersk said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest move by the Danish

Maersk Plans to Spin Off Drilling Unit to Focus on Transport

A.P. Moller-Maersk A/S is planning to spin off its drilling unit instead of pursuing a sale as the Danish conglomerate shifts focus to its transport activities, according to people

Maersk to Spin Off Drilling Unit as Breakup Plan Moves Forward

Maersk Drilling—which operates a fleet of 23 jackup rigs, drillships and semi-submersibles—was put on the block two years ago when Maersk set out to transform itself

Maersk to spin off drilling business sell down total stake

An outright sale of the unit has been made difficult by an oversupplied drilling rig market, which has not yet recovered despite a recent gain in oil prices. However, Maersk said

Maersk Drilling set to become standalone unit | Upstream

Danish shipping giant AP Moller-Maersk has decided to spin off Maersk Drilling through a stock exchange listing in Copenhagen next year.

Maersk to Spin Off Drilling Unit as Breakup Plan Moves Forward

Maersk said it will seek a separate listing of its drilling unit next year, aiming to generate cash proceeds of around $1.2 billion by floating the entire unit.

Maersk Drilling strong enough to stand on its own after listing: CEO

A.P. Moller-Maersk said on Aug. 17 it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest move by the Danish shipping company to focus

Maersk''s new generation drill rigs boost North Sea hopes

Maersk''s new generation drill rigs boost North Sea hopes Maersk''s massive XLE4 rig is on course for deployment before the end of this year and

Maersk to spin off drilling, hand Total shares to investors

Danish shipping company A.P. Moller-Maersk said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year as it focuses entirely on transport

Maersk Drilling sets listing target date. Rig-owning unit

AP Moller-Maersk said in August that it had decided to spin off the drilling unit into a separate entity and list it on the Nasdaq Copenhagen

Maersk Completes Oil And Gas Spinoff As Drilling Unit Lists –

A.P. Moller-Maersk AS spun off its oil and gas drilling unit and listed it separately on the Copenhagen stock exchange on April 4, where it was traded slightly below the book value

Maersk to spin off drilling, hand Total shares to investors

Maersk said that having evaluated different options for the drilling unit it had "concluded that Maersk Drilling as a stand-alone company presents the most optimal and long-term prospects

A.P. Moeller-Maersk (Oil Drilling Business)

A.P. Moeller-Maersk is planning to spin off its drilling unit instead of pursuing a sale as the Danish conglomerate shifts focus to its transport activities, according to people familiar with the matter.

Denmark''s Maersk to spin off drilling business, sell down

Danish shipping company A.P. Moller-Maersk MAERSKb said on Friday it would spin off its offshore drilling operation and list the unit in Copenhagen next year. The

AP Moller-Maersk to spin off oil drilling rig arm

Maersk has secured debt financing of $1.5bn for its drilling unit and is aiming to spin it off to existing shareholders in 2019 when it should become a separate listed company in...

Maersk completes oil, gas spin off as drilling unit lists in

A.P. Moller-Maersk spun off its oil and gas drilling unit and listed it separately on the Copenhagen stock exchange on Thursday, where it was traded slightly below the book value it

A.P. Moller Maersk to Spin Off Drilling Unit | Energy Intelligence

A.P. Moller-Maersk revealed on Friday plans to spin off its drilling unit and list it as a separate company in Copenhagen next year, as the shipping giant focuses on its core transport and

Maersk Drilling set to become standalone unit | Upstream

Danish shipping giant AP Moller-Maersk has decided to spin off Maersk Drilling through a stock exchange listing in Copenhagen next year. After evaluating options that also

Maersk Drilling

Maersk Drilling, also known as The Drilling Company of 1972 A/S, was the drilling-rig operator of Maersk. It was based in Lyngby, Denmark. Established in 1972, the company was a Nasdaq

A.P. Moeller-Maersk (Oil Drilling Business)

A.P. Moeller-Maersk is planning to spin off its drilling unit instead of pursuing a sale as the Danish conglomerate shifts focus to its transport activities,

Maersk to Spin Off Drilling Unit, Hand Total Shares to Investors

Maersk to Spin Off Drilling Unit, Hand Total Shares to Investors By Jacob Gronholt-Pedersen as well as Stine Jacobsen COPENHAGEN, Aug 17 (Reuters)– A.P. Moller

Maersk to Spin off Drilling, Hand Total Shares to

A.P. Moller-Maersk said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest move by the

Denmark''s Maersk to spin off drilling, hand Total shares to

A.P. Moller-Maersk said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest move by the Danish shipping company to focus

Maersk Lists New Drilling Spin-Off | Energy Intelligence

A.P. Moller-Maersk has completed the spin-off of its oil and gas arm after listing its drilling unit separately on the Copenhagen Stock Exchange on Thursday (IOD Aug.20''18).

Maersk to spin off drilling business sell down total stake

Danish shipping company A.P. Moller-Maersk said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year as it focuses entirely on transport

Denmark''s Maersk to spin off drilling, hand Total shares to investors

A.P. Moller-Maersk <MAERSKb > said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest move by the Danish shipping

Maersk Said to Plan Drilling Spinoff to Focus on Transport

Update: Maersk Confirms Drilling Unit Spin-Off By Manuel Baigorri, Ruth David and Matthew Miller (Bloomberg) — A.P. Moller-Maersk A/S is planning to spin off its drilling unit instead of

Maersk to Spin off Drilling, Hand Total Shares to Investors

A.P. Moller-Maersk said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest move by the Danish shipping company to focus

AP Moller – Maersk to spin off Maersk Drilling operation

AP Moller - Maersk has announced plans to spin off its offshore drilling operation Maersk Drilling and list it on Nasdaq Copenhagen next year, following the

Maersk to Spin Off Unit It Couldn''t Sell -

Maersk Drilling -- which operates a fleet of 23 jackup rigs, drillships and semi-submersibles -- was put on the block two years ago when Maersk set out to transform itself

Denmark''s Maersk to spin off drilling, hand Total shares to investors

A.P. Moller-Maersk said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest move by the Danish shipping company to focus

Denmark''s Maersk to spin off drilling, hand Total shares to

A.P. Moller-Maersk (MAERSKb ) said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest move by the Danish shipping

Maersk to spin off drilling rig unit [PDF]

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