EUROPE

Maersk's shell games

DANISH oiler Maersk Oil has emerged as the reported frontrunner to buy a portfolio of North Sea assets from Shell as its diversified parent company considers spinning out its energy arm in a deal worth an expected $US4.7 billion.

AP Moller-Maersk wants to focus on its core transport and logistics businesses, so it is considering divesting Maersk Oil, which is a major player in the North Sea, and which has interests in the US, Middle...

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