Analysts: Maersk Oil and Dong an obvious match

Dong's oil business represents an obvious acquisition subject for Maersk Oil following the declining oil price and the significant deficits at both businesses, several analysts tell Danish newspaper Børsen.

Photo: Lars Krabbe

The likelihood of a union between Maersk Oil and Dong Energy's oil business has not gotten any smaller in light of the steep decline in the oil price along with massive deficits at both companies.

"The timing would be perfect. Maersk Oil is on the lookout for acquisitions and is trying to focus its energy on North Sea investments. Dong Energy is interested in betting on wind energy rather than throwing more money at oil developments," senior analyst Stig Frederiksen, Nordea Markets, tells Børsen on Thursday.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs