Maersk weighs sale of Brazil oil and gas assets

A.P. Moller-Maersk (MAERSKb.CO) is considering selling its oil and gas business in Brazil as the shipping giant’s energy group narrows operations in a restructuring, its chief executive said.

While the group has given itself two years to decide on the exact strategy, Maersk Energy is clearly focusing on its two major developments that are planned to start production in 2019 — Culzean in the UK North Sea and the Statoil-operated Johan Sverdrup in the Norwegian North Sea.

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