By John Lee. Gulf Keystone Petroleum (GKP) has confirmed that it is in the process of appointing Jón Ferrier as CEO. Following a brief transition period, John Gerstenlauer will retire as CEO and, at the forthcoming Annual General Meeting, as a Director of the Company. A further announcement will be made in due course. Jón […]
Tag Archives | Maersk
Maersk Line Establishes Iraq Presence
Maersk Line has opened a new branch in the port of Umm Qasr, in the Basrah region of Iraq. Until very recently Iraq was seen as being too dangerous for Maersk Line to risk opening an office. Thankfully conditions are changing, and Maersk Line is determined to do its bit to both capture business for […]
Iraq Starts Exporting Oil from New Floating Facility
Reuters, citing two sources at the state-owned South Oil Company, reports that Iraq began loading oil from a long-awaited new floating Single Point Mooring (SPM) platform in the Gulf on Thursday. "We started the loading at 2:45 pm (1145 GMT). The loading process is normal. The situation of pipes and the SPM is stable, and […]
Maersk to Pay $32m for Overbilling
Maersk Line Limited, part of the Danish shipping and oil group A.P. Moller-Maersk, has agreed to pay $31.9 million to settle claims that it overcharged the U.S. military for transporting cargo to support American troops in Afghanistan and Iraq. The settlement resolves a whistleblower lawsuit filed by a former industry insider. The individual, Jerry Brown, […]
Tags: Corruption, Maersk
Maersk Oil Buys 20% of HKN Energy
Maersk Oil, a fully-owned subsidiary of the A.P. Moller – Maersk Group, has acquired a 20% shareholding in HKN Energy Ltd., a subsidiary of U.S.-based Hillwood International Energy, whose sole asset is a licence in Kurdistan Region. The acquisition is a step into the prolific but as yet underdeveloped area of Kurdistan in oil output […]