Maersk Signs on to Help Clean up Ocean Plastic
not pollute the oceans with plastic, we are also very pleased to take part in the world’s first major collection of plastics from the ocean. As a responsible maritime operator, we are committed to ensuring that the oceans can remain a healthy environment for generations to come,” said Claus V. Hemmingsen, Vice CEO of A.P. Moller – Maersk and CEO of the Energy division.The Ocean Cleanup’s long-term ambition is to install a fleet of at least 60 floating screens in order to remove 50 percent of the 80,000 tonnes of plastic in the Great Pacific Garbage Patch every five years
Maersk Drilling Delivers $164m Profit
. “A high operational performance averaging 98% and further savings on operating costs are both contributing factors to the satisfactory result we deliver in the second quarter. However, Maersk Drilling continues to be affected by the lack of activity and lower dayrates in the market,” says Claus V. Hemmingsen, CEO in Maersk Drilling and member of the Executive Board in the Maersk Group. At the end of Q2 2016, Maersk Drilling’s forward contract coverage was 73% for the rest of 2016 and 56% for 2017 and 45% for 2018. The total revenue backlog by end Q2 2016 amounted to USD 4.7bn (USD
Maersk Drilling Acquires Newbuild Jackup from Hercules
an opportunity for Maersk Drilling to acquire a newbuild harsh environment jack-up backed by a firm long-term contract. We look forward to working with Maersk Oil and its partners on the Culzean gas field,” says CEO in Maersk Drilling and member of the Executive Board in the Maersk Group, Claus V. Hemmingsen. The rig design is Friede & Goldman JU2000E, categorised as a 400ft rig, with 30,000ft drilling depth and HPHT (High Pressure High Temperature) capabilities. The rig has accommodation capacity for up to 150 personnel. The rig will enter the Maersk Drilling fleet under
Maersk Drilling Profit Up
which again pays off in this quarter, where we deliver a fine result. However, the adverse market conditions are very dominant, and despite our good operational performance, Maersk Drilling is also affected by the lack of activity and lower dayrates in the market and will be all through 2016,” says Claus V. Hemmingsen, CEO in Maersk Drilling and member of the Executive Board in the Maersk Group. Maersk Drilling saw two contract terminations in the first quarter of 2016. The contract for the harsh environment jack-up Mærsk Gallant was cancelled, but concurrently Maersk Drilling signed a new
Maersk Venturer to Drill for Total
is expected to commence in March 2016. “We have collaborated and partnered with Total many times over the years. Total is a highly valued customer of Maersk Drilling, and we are very pleased with being selected by Total to drill their first exploration well offshore Uruguay,” says Claus V. Hemmingsen, CEO in Maersk Drilling and member of the Executive Board in the Maersk Group and continues: “With this contract, we continue to build our contract backlog and secure work for our rigs and people, which is very encouraging in this challenging market.” Maersk Venturer
Maersk Resilient Contracted for Danish North Sea Sector
contract value of USD 110m. Commencement is expected in October 2015, and Maersk Resilient will do work at various fields in the Danish sector of the North Sea. “We are very pleased with this new contract for Maersk Resilient with Maersk Oil, a key customer in the North Sea,” says Claus V. Hemmingsen, CEO in Maersk Drilling and member of the Executive Board in the Maersk Group. Maersk Resilient has since May 2015 been stacked at Invergordon in Scotland, where the rig has undergone various maintenance work. “Maersk Drilling has to continue its excellent performance and
Maersk Drilling Navigates Low Market Visibility
(7.2%). “We are very pleased with the result given the adverse market conditions. Our focus on operational performance and cost savings continue to pay off and it enhanced our strong foundation for our future competitiveness. Meanwhile, we continue to improve our safety performance,” says Claus V. Hemmingsen, CEO in Maersk Drilling and member of the Executive Board in the Maersk Group. The running 12 months lost time incidents frequency (LTIf) was 0.26 (1.02) per million working hours. At the end of Q2 2015, Maersk Drilling’s forward contract coverage was 83% for the rest of
DONG Hires Maersk Giant
. The estimated contract value is USD 16m. The contract is in direct continuation of the current contract with Talisman keeping Maersk Giant employed until March 2016. “We are very pleased to continue our good corporation with DONG Energy, one of our key customers in the North Sea,” says Claus V. Hemmingsen, CEO in Maersk Drilling and member of the Executive Board in the Maersk Group and continues: “In order to navigate the low visibility in the current market, it is essential that we reduce our exposure by securing a solid contract backlog. Therefore, it is also rewarding to
Maersk Innovator Contract Extended on Eldfisk
direct continuation of the current contract expiring in February 2017, thus keeping the rig continuously contracted until June 2018. The estimated value of the contract extension is USD 142m. “We are very pleased to see the Mærsk Innovator continue to work for ConocoPhillips,” says Claus V. Hemmingsen, CEO in Maersk Drilling and member of the Executive Board in the Maersk Group. Mærsk Innovator has been working for ConocoPhillips since 2010.
February 2024
