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Maersk Energy considering sale of Brazilian activities

Maersk Energy is considering a sale of its Brazilian oil and gas activities, CEO Claus Hemmingsen tells Reuters. He also projects that the split of the energy unit will result in individual "stand-alone" companies, as it is difficult to locate any synergies.

Photo: Maersk Drilling

Maersk Energy is weighing a sale of its oil and gas activities in Brazil, according to news agency Reuters, as part of the efforts to focus its business on fewer areas.

"We have said that we will focus on fewer geographies and certainly in the North Sea. Norway and the U.K. will be an area of focus for Maersk Oil," said Maersk Energy CEO Claus Hemmingsen in relation to the annual GE Oil and Gas meeting in Florence, Italy.

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