Maersk Oil presses on with upstream projects with backing from AP Moeller-Maersk

Singapore

IN times of adversity, it helps if you have a well-endowed parent that can fund your uncertain journey without any strings attached.

Maersk Oil's chief executive Jakob Thomasen acknowledged to The Business Times that the financial strength of its Danish parent group gives the oil and gas independent room to make counter-cyclical decisions during these times of lower for longer oil prices.