Total to pay $7.45bn for Maersk Oil

Total to pay $7.45bn for Maersk Oil

Total has agreed to buy $7.45bn of mature oil exploration and production assets from Danish conglomerate AP Moller-Maersk, boosting the French oil group’s presence in the North Sea and rebalancing its portfolio in geopolitically stable countries. The deal highlights the impetus to consolidation in the European oil and gas industry, with companies managing the effects…

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