Danish shipping giant AP Moller-Maersk A/S plans to roll out the first of eight large container vessels fueled by carbon-neutral methanol in 2024, four years after the company rebuffed liquefied natural gas (LNG) as a low-carbon transition fuel. The vessels are to be built by Hyundai Heavy Industries (HHI) with nominal capacity of about 16,000…
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Total Builds Global E&P War Chest with $7.45B Deal for Maersk Oil
In what could be the beginning of a wave of Big Oil tie-ups, Total SA agreed Monday to pay an estimated $7.45 billion, including debt, to buy the exploration arm of shipping giant A.P. Moller-Maersk.
August 21, 2017