In the deal, Total will give Maersk an estimated $4.95 billion in shares.
According to WoodMac, The acquisition also strengthens Total's North Sea exposure, through Maersk's core positions in the UK, Norway and Denmark.
Until Total's deal on Monday, numerous acquirers were private-equity firms and smaller players, eager to get a foothold major oil hubs like the North Sea. Total will also assume almost $3 billion in expected costs for decommissioning oil rigs in the North Sea.
For Total, the deal builds on its large existing presence in the North Sea and means it will become the second-largest exploration firm in the region, behind Norway's Statoil.
CEO Patrick Pouyanne says the company took account of about $3 billion decommissioning liabilities linked to Maersk Oil deal valuation. Maersk had been considering spinning off the oil and gas assets in an initial public offering, but "we offered them another option".
Total said an "exceptional overlap" of businesses would increase its competitiveness through growing assets and annual cost-savings.
Total's share price was up 0.5 per cent at the time of writing in a modestly falling market.
Among the assets Total is buying include a 49.99% stake in the Culzean gas field, around 145 miles to the east of Aberdeen, in which BP has a 32% stake. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
The deal is continent on necessary approvals and is expected finalized in the first quarter 2018. Closing is expected to take place during Q1 2018.
According to Soren Skou, the firm's chief executive, Maersk expects to make a gain of about $2.8bn from the deal, a portion of which will be returned to shareholders, subject to securing its investment-grade credit rating first.
As a effect of the transaction Maersk Oil will be classified as held-for-sale and discontinued operations in the Interim Report Q3 2017 for APMM.
Please join the teleconference on Monday, 21 August 2017 at 10:00am CET, following the announcement.
. The teleconference will be broadcasted live and will also be available on the IR website on demand afterwards.
Adityanath said that rescue operation has been taken up on a war footing with railways and the state government working together. At least 23 people have been killed and dozens injured after at least eight carriages of a train derailed in northern India.
Taney, author of the Dred Scott decision supporting slavery, was hoisted from its perch outside the State House in Annapolis. Work crews removed the statue, which has sat on the grounds of the state house for 145 years, at 2 a.m., the Sun reported .
Kumar condemned Yadav's supporters for "creating a nuisance" outside his 1, Anne Marg residence earlier in the day. Following Kumar's break up with the grand alliance, the party has witnessed opposition from many of its members.
The goal is to learn from history, all of our history, including events and times that many would like to forget. The almost 60-year-old plaque rejects that slavery was the "underlying cause" of the Civil War.
When you have the problems he had in the past with injuries in the last two years he has to be 100 per cent sure he is ready. Pep Guardiola insists that "nothing has changed" in Manchester City's pursuit of Jonny Evans .
He also recalled the moment he realised he needed help, after he called his wife at five in the morning "screaming in pain". But there are a lot of people who don't. 'I'm very sorry about the effect it has on partners.
Department of Commerce earlier this year granted AT&T the right to build the nation's first network dedicated to first responders. The company says it also offers full interoperability with Band 14 radio - spectrum set aside for use on FirstNet networks.
Umpire Marais Erasmus was initially unmoved, but three red lights on Ball Tracker prompted him to alter his decision. Kieran Powell (18*) and Kyle Hope (25*) will take up that challenge when play restarts at 13:30 BST on Saturday.
Department of Labor figures released today show the state's seasonally adjusted unemployment rate was 7 percent in July. Madera County's July unemployment rate was 8.4 percent, up from 8 percent in June but below 9.2 percent a year ago.
Up until Friday night, it had been 34 years since a Kissimmee Police Department officer was killed in the line of duty. Florida Highway Patrol is also on scene and is asking drivers to avoid the area of Orange Blossom Trail and US 192.
1 in AP poll; FSU at No. 3 and Auburn No. 12
And that includes on Twitter, where fans and experts alike shared their opinions on where the teams placed, or didn't place. The first AP Top 25 poll of the season has been released , and six SEC schools made the list, including No. 1 Alabama.
Ashleigh Barty turns giant killer in Cincinnati
Last month, Muguruza won her second Grand Slam after the 2016 French Open and her fourth career title on the All-England grass. Barty will face former world No. 1 Caroline Wozniacki , a 6-2, 6-4 victor against Russia's Elena Vesnina, in the last 16.
Muguruza dethrones Pliskova to reach Cincinnati final
After a quick turnaround, she needed only 67 minutes to beat a rested Caroline Wozniacki 6-2, 6-4 for a sweep into the semis. I'm just happy obviously with the win, but I'm just happy with the way I kept myself together throughout the whole match.
India's quiet move to outsmart China
Chinese state news agency Xinhua has released a video mocking India over disputed territory in the Himalayas. The move also becomes significant in the wake of Chinese assertiveness in the South China Sea.
'Bulldog' Gerrie Nel for Grace assault case
Grace and Robert Mugabe's two sons Robert Jnr and Chatunga live in Johannesburg , where they have a reputation for partying. A Mugabe will once again hijack the SADC story, although this time it's Zimbabwean first lady Grace Mugabe .