Total is buying Maersk’s oil and gas business in a $7.45-billion deal which the French energy major said would strengthen its operations in the North Sea and boost earnings and cash flow. For Danish company AP Moller Maersk, the sale of Maersk Oil, with reserves equivalent to around 1 billion barrels of oil, fits with a strategy of focusing on its shipping business and other activities announced last year. The world’s top oil companies have been back on the takeover trail over the last year, helped by signs of a recovery in the oil market. Total ...
By continuing to use this site you consent to the use of cookies on your device as described in our Cookie Policy unless you have disabled them. You can change your Cookie Settings at any time but parts of our site will not function correctly without them.
This article is no longer available in our repository.
There could be multiple reasons for this.
You could try searching for this headline on the source website (reuters.com).