A.P. Møller - Mærsk A/S (CPSE:MAERSK B) is looking for acquisition opportunities. Nils Smedegaard Andersen, Chief Executive Officer of A.P. Møller - Mærsk said on August 13, 2015, "Company was actively looking for acquisitions in the North Sea as the current drop in energy prices made takeovers a better option than exploration. We absolutely have appetite for acquisitions.

We think it's better to reduce spending on exploration and then focus more on acquisitions as a method to grow reserve," he added.