ShippingWatch

Total exec on acquisition of Maersk Oil: fantastic deal

The acquisition of Maersk Oil will lift French oil major Total to new heights in the North Sea, according to Total executive Michael Borrell. He is more reticent about exactly how good the deal was financially.

Photo: A.P. Møller Mærsk

At French oil major Total, executive management is not hiding its enthusiasm about the acquisition of Maersk's oil activities.

Total is using the acquisition of Maersk's oil activities to establish a new, regional headquarters in Denmark as well as build the group's third technological hub. Furthermore, the team in charge of exploring new oil fields will be moved from the UK to Denmark.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Poseidon Principles set to raise ambitions in coming weeks

The banks in Poseidon Principles are working on the basis of halving CO2 emissions in shipping by 2050. At the same time, some of the same banks are working towards a target of CO2 neutrality by 2050 as part of the Net-Zero Banking Alliance. Before long, Poseidon will reassess its ambition.

Further reading

Related articles

Trial banner

Latest news

See all jobs