Maersk Oil CEO to Step Down after Total Takeover
The chief executive of Maersk Oil, Gretchen Watkins, will leave the company when Total's acquisition of the company has been completed, Maersk said Wednesday. Watkins joined Maersk Oil as Chief Operating Officer in January 2014 and took the role of CEO in October last year. Prior to joining Maersk Oil, she had worked at Marathon Oil and BP. Total agreed last month to buy the oil and gas business of A.P. Moller-Maersk for $7.45 billion, strengthening the French major's operations in the North Sea. The current COO at Maersk Oil, Martin Rune Pedersen, will become vice president
Maersk Seeks to Shut Janice in UK North Sea
businesses and now more could go in the UK as a consequence of the review. "All options will be explored through the UK-led consultation process to minimise impact on job positions, but it is possible that an estimated 200 roles may be affected," Maersk Oil Chief Operating Officer Gretchen Watkins said. Maersk Oil, a unit of shipping and oil group A.P. Moller-Maersk, also said it is considering a move to "three weeks on, three weeks off" offshore rotation to be implemented in the second quarter of 2016 in the UK. The Maersk Group said earlier this month a variety