Moller-Maersk will receive a consideration of US$ 4.95 billion in Total shares and Total will assume US$ 2.5 billion of Maersk Oil’s debt. With a dedicated team of over 80.000, operating in 130 countries; we go all the way to enable global trade for a growing world. The more people that attend, the more companies that decide to participate – this is how we change attitudes and move to a more equal society. A.P. Total is buying Maersk Oil from A.P. French oil giant Total SA has agreed to acquire Danish conglomerate A.P. Møller-Mærsk for US$7.45 billion, comprising US$4.95 billion in shares and the assumption of US$2.5 billion in debt. Total’s acquisition of the Danish exploration & production company Maersk Oil closed successfully on March 8th, 2018. Maersk Oil will become part of a leading global oil and gas operator with a long-term investment interest in the sector. French oil giant Total is set to acquire its Danish rival Maersk Oil and Gas for $7.45 billion dollars. Total will take over Maersk Oil’s entire organisation, portfolio, obligations and rights with minimal pre-conditions. Moller - Maersk is an integrated container logistics company. Danish Maritime giant Maersk A/S informed on Monday it had entered into an agreement to sell its subsidiary Mærsk Olie og Gas A/S to Total S.A. for $7.45bn in a combined share and debt transaction. Total SA has agreed to acquire Danish conglomerate A.P. Moeller-Maersk A/S's oil unit for $4.95 billion, signaling a renewed appetite for deals in the global oil-and-gas industry. Today, Maersk Oil is engaged in the exploration for and production of oil and gas in many parts of the world. Under the agreed terms, A.P.

The importance of celebrating Pride at Maersk is the fact that a large multinational company has decided that Pride is the right thing to do. Maersk's portfolio is dominated by conventional assets, and weighted to oil (liquids accounts for … Connecting and simplifying trade to help our customers grow and thrive. In an ever more complex environment, our two companies have combined their strengths to better meet the oil and gas industry’s technical and business challenges. Total S.A. will maintain Maersk Oil’s strong position in the North Sea with strong Copenhagen and Esbjerg bases" Maersk Group in a press release With the sale, the Maersk Group has now begun to divest of its energy companies, a process which began when the former conglomerate was split into a transport and energy division in September 2016. Moeller-Maersk A/S’s oil unit for $4.95 billion, signaling a renewed appetite for deals in the global oil-and-gas industry. The purchase of Maersk Oil hands Total a 49.99% operated stake in one of the UK’s biggest offshore gas developments, the Culzean field, which is expected to come online in 2019. [11] Total oil production is more than 600,000 barrels per day (95,000 m³/d) and gas production is up to some 1 billion cubic feet (28,000,000 m³) per day. The deal consists of a consideration of $4.95billion in Total shares, while the buyer will also take on $2.5billion of Maersk Oil’s debt.