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AP Moeller - Maersk A/S

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  • Dearth of oil finds threatens long-term supplies, price Wednesday, 27 Aug 2014 | 8:48 AM ET

    STAVANGER, Norway, Aug 27- The rate of oil discoveries continues to disappoint after a record low last year and firms could even cut their exploration budgets to save on costs, a risk to long-term supplies and prices, industry executives said.

  • LONDON/ HELSINKI/ COPENHAGEN, Aug 19- Team Niinivirta, a Finnish family-run transportation firm, turned 60 this year, but its third-generation managers now don't know if the business will see Christmas, because of Russia's new ban on European food imports.

  • LONDON/ MELBOURNE- The world's biggest mining company, BHP Billiton, announces plans to spin off businesses worth an estimated $16 billion, most of them acquired in a 2001 merger, to focus on its most profitable activities.

  • COPENHAGEN, Aug 19- Denmark's A.P. Moller-Maersk announced the first share buy-back in its 110- year history on Tuesday as an overhaul of the sprawling shipping and oil empire leaves it with more cash than it can usefully invest.

  • COPENHAGEN, July 10- The world's top two container shippers, Maersk Line and MSC Mediterranean Shipping Co, have struck a fresh vessel-sharing agreement after a previous three-way pooling deal known as P3 was undone by China's failure to approve it.

  • *BP, Anadarko, IBV are partners in areas hit by writedown. Maersk bought the assets from South Korea's SK Energy Co Ltd for $2.4 billion in 2011. On Tuesday, Brazil's HRT Participacoes em Petroleo SA said it bought Maersk's 40 percent Polvo stake for an undisclosed sum.

  • *BP, Anadarko, IBV are partners in areas hit by writedown. Maersk bought the assets from South Korea's SK Energy Co Ltd for $2.4 billion in 2011. On Tuesday, Brazil's HRT Participacoes em Petroleo SA said it bought Maersk's 40 percent Polvo stake for an undisclosed sum.

  • *Taking impairment to book value of Brazil oil assets. COPENHAGEN, July 8- Danish oil and shipping group A.P. Moller-Maersk is taking a $1.7 billion writedown on some oil assets it bought in Brazil, saying the results of appraisal drilling had been at the low end of its expectations.

  • SHANGHAI, June 18- China's scuppering of a planned alliance of the world's top three container shipping lines signals its protectionist stance on key industries and is a reminder to foreign firms to not take Beijing's nod for granted on deals, analysts and lawyers said.

  • *Marathon fails to sell smaller UK business. OSLO, June 2- Marathon Oil Corp is to sell its Norwegian business for $2.1 billion to oil exploration group Det norske, part of plans to shed assets in Norway and Britain to free up cash for the U.S. firm's shale activities in the United States.

  • *Q1 net operating income $890 mln vs forecast $523 mln. It expects rates for new-generation vessels to fall to $425,000- $475,000 per day, well below their peak around $650,000 per day last year.

  • OSLO, May 22- The global offshore drilling market's dip could be longer than previously expected and charter rates could take until 2017 or 2018 to recover to last year's levels, the head of Maersk Drilling said on Thursday.

  • Maersk Drilling chief says rigs dip could extend to 2018 Thursday, 22 May 2014 | 10:22 AM ET

    OSLO, May 22- The global offshore drilling market's dip could be longer than previously expected and charter rates could take until 2017 or 2018 to recover to last year's levels, the head of Maersk Drilling said on Thursday.

  • Europe closes slightly up; central banks in focus Wednesday, 21 May 2014 | 11:34 AM ET

    European shares closed slightly up on Wednesday, after wavering throughout the day, as investors looked towards central bank policy.

  • European shares advance towards highs; Maersk up Wednesday, 21 May 2014 | 11:15 AM ET

    *A.P. Moller-Maersk rises after results. *BNP Paribas falls on U.S. probe concerns. LONDON, May 21- European shares advanced on Wednesday, as Danish shipping and oil group A.P. Moller-Maersk gained after its profit beat forecasts and German utilities rose on the back of broker upgrades.

  • European shares edge higher, Maersk up after results Wednesday, 21 May 2014 | 8:41 AM ET

    *A.P. Moller-Maersk shares rise after results. *BNP Paribas falls on U.S. probe concerns. LONDON, May 21- European shares edged ahead on Wednesday, with Danish shipping and oil group A.P. Moller-Maersk a major gainer after it reported first-quarter net profit above forecasts and raised its outlook for the underlying result in 2014..

  • *Demand on Europe/ Asia route surprising- CEO. COPENHAGEN, May 21- Profit at A.P. Moller-Maersk's container shipping business, a bellwether for global trade, more than doubled in the first quarter as demand on the world's busiest route between Asia and Europe picked up and it cut costs.

  • *A.P. Moller-Maersk raises 2014 outlook after Q1. COPENHAGEN, May 21- Danish shipping and oil group A.P. Moller-Maersk reported first-quarter net profit above forecasts due to a doubling of profit at container shipping business Maersk Line and raised its outlook for the underlying result in 2014..

  • Maersk expects P3 to start operations later than expected Wednesday, 21 May 2014 | 2:45 AM ET

    COPENHAGEN, May 21- Danish shipping and oil group A.P. Moller-Maersk said on Wednesday it expected the so-called P3 container shipping alliance to start operations in autumn and not in the second quarter as previously expected.

  • Moller-Maersk posts forecast-beating profit Wednesday, 21 May 2014 | 2:40 AM ET
    Shipping container trucks at the port in Long Beach, Calif.

    Danish shipping and oil group Moller-Maersk reported a first-quarter net profit above forecast thanks to doubling of profit in container shipping business Maersk Line.