Maersk Oil would be able to fetch about USD 6-13 billion if the Maersk Group decides to sell the company, projects Sydbank's senior analyst in the wake of the announcement on Monday that the oil company was rejected as future partner on a vital oil field in Qatar.
Strengthening its ties to France in the midst of uncertain times in the Middle East may have impacted Qatar's choice of Total for the Al-Shaheen field, says an associate professor. He believes that security politics plays a bigger role than before in the oil sector.
Losing out on the tender for the Al Shaheen field in Qatar is a big blow to Maersk Oil, but the company would have lost a big part of the income from the field in Qatar regardless, several analysts note. Meanwhile, Maersk has the capital to go shopping for acquisitions if the group wants to.
Maersk Oil has lost out on the tender to operate the massive Al-Shaheen field in Qatar, a field in which the Danish company currently serves as operator. Al-Shaheen is one of the world largest oil fields and has for years been a de-facto moneymaker for Maersk.
Doha-based shipping group Milaha saw its overall revenue and profit slide slightly in the first quarter due to the pressured markets in container and offshore. Tanker carrier Milaha Gas and petrochem was the only unit to note growth.
The Maersk Group has signed a Memorandum of Understanding with Shell and Qatargas for a collaboration to promote LNG as fuel for the merchant fleet in the Middle East, reports Qatargas in a press release.