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Maersk Oil and DONG Energy hold merger discussions

Photo of Sam Chambers Sam ChambersNovember 29, 2016
2 Less than a minute

Danish firms Maersk Oil and DONG Energy are in discussions to merge their oil and gas operations to create a $10bn company, according to Reuters.

Maersk said in September it planned to merge or spin-off its energy assets as part of a major restructuring while DONG Energy said this month it was putting its oil and gas assets up for sale, as it wants to shift away from fossil fuels toward offshore wind.

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Photo of Sam Chambers Sam ChambersNovember 29, 2016
2 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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