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.
An emotional minute's silence was held before the game as the music of Catalan cellist Pau Casals played in the background. The name " Barcelona " will be exhibited at the back of the jerseys instead of the names of the players.
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.
Both listings encourage buyers to pre-order the console before it's gone forever, indicating that the edition should be limited. Listings for a Xbox One X Project Scorpio Edition were accidentally put on two German websites, and were quickly taken down.
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.
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 .
Cartwell continues saying blacks are filling up our prisons because they generally have lower IQ and higher testosterone. However, it was Cantwell who caught the attention of most viewers for his strong, unapologetic stance on racism.
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 .
Dhawan insists he needs to keep his form and fitness levels up as the younger players in the national side keep him on his toes. According to Kohli, the ball was coming onto the bat like a "dream" after India bowled out Sri Lanka for 216 in 43.2 overs.
The 36-year-old mum to North, four, and Saint, one, was asked whether there was a possibility of her and West having a third child.
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.
Bihar CM Nitish Kumar-led JD-U formally joins NDA
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.
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.
Aspen, Basalt events for viewing Monday's solar eclipse
How long will it last? You can create a DIY eclipse "pinhole" viewer at home, with supplies you probably already have. Some airlines are offering special eclipse flights, which will give passengers a true bird's-eye view of the event.