Klik venligst
danmarks-rederiforening.gif

EU approves Totals purchase of Maersk Oil

EU approves Totals purchase of Maersk Oil

30-11-2017 15:00:00


The European Commission has approved the French oilcompany Total’s purchase of Maersk Oil, the EC writes in its newsletter. The deal was announced by Maersk Oil in August and a final date for the EC decision, was set for Friday this week.

Total S.A has been given green light to purchase Maersk Oil for the price of 7,45 billion dollars. The deal is expected to be finalized in the first quarter of next year.

It has been agreed that A.P. Møller - Mærsk receives a 3.5 percent stake in total as part of the payment plan. Meanwhile Total takes over dept responsibility of 2.5 billion dollars and closure costs valued at 2.9 billion.

In September it was announced that Gretchen Watkins, CEO of Maersk Oil, has decided to step down from her position, when Total takes over the company, while Morten Rune Pedersen, who holds the title of COO in Maersk Oil, will continue as Vice President of Total’s operations in Denmark, Norway and Holland.

Troels Albrechtsen, who is currently CTO of the company, will be appointed to Vice President of the technical center, Total is going to establish in Copenhagen. This will become part of Total’s global technical organization.


Redaktionen / Maritime Denmark


Klik venligst

< Front page

Copyright © Maritime Denmark



Breaking News

- Ørsted makes hosptal deals in Taiwan
- Maersk into decommissioning services
- Danish CIP hires Bladt for Taiwan-project
- Ørsted signs deal with Greater Changhua
- Total's purchase of Maersk oil approved
- Edda Passat is ready to set sail
- Biggest Kriegers Flak substation is done
- MHI Vestas’ buildings are in progress
- Nissum Bredning produces its first power
- Vestas spend billions buying back shares
- Ørsted sits brilliantly at the top in Europe
- Disaster struck Maersk-rig gets new project


Todays Top 5

- DMD will focus on safety and climate
- Ørsted makes hosptal deals in Taiwan
- ACCOUNT MANAGER


This weeks Top 10

- Maersk supports Russian-sanctions
- EPA tightens control of bunker companies
- Pricewar could hit Asien-Europa route
- Ørsted signs contract for new SOV
- Naval Academy moves to new residency
- Maersk Drilling appoints new CCIO
- More cars chose HH Ferries in first quarter
- Worlds largest ports gives green advantages
- DMD will focus on safety and climate
- Ørsted makes hosptal deals in Taiwan
Klik venligst
Klik venligst
Klik venligst
Klik venligst
Klik venligst