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Photo: Foto: ritzau/AP/Eric Gay

Oil holds gain above USD 46 as demand seen helping drain stockpiles

Offshore:

The oil price remains above USD 46 per barrel on a surge of optimism that increasing demand could help shrink stockpiles to outweigh US drillings for crude oil.


BY HEESU LEE, BLOOMBERG
Published 17.07.17 at 07:52

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Maersk Oil sold to France's Total

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With the divestment of Maersk Oil, the group has taken a major step in spinning off Maersk's energy division. In an interview with ShippingWatch, CEO of Maersk Drilling, Jørn Madsen, explains that the company is in the midst of "extensive talks" about the future with various players.

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The share price for John Fredriksen's drilling company Seadrill is at its lowest level in five years, ahead of the publication of the company's interim report tomorrow Thursday. This year alone, the stock market value of the company has dropped more than 90 percent.

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Current front page

Maersk Supply is starting to see longer contracts

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Hard-pressed offshore carrier Maersk Supply Service recently signed an 18-month contract in Mexico and the carrier will soon be able to announce even longer contracts, CEO Steen S. Karstensen tells ShippingWatch. However, the tough market conditions will continue.

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Offshore:

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Carriers:

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Services:

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