Maersk intensifies M&A search as oil unit loses biggest field

Copenhagen

AP Moeller-Maersk A/S is intensifying its search for acquisitions to build up its oil unit as the Danish shipping and petroleum conglomerate loses Qatar, the biggest field in its portfolio.

"We're getting some resources freed up now," Maersk Oil chief executive officer Jakob Thomasen said in an interview. "We appreciate the clarity that we now have after Qatar and can focus on other areas."