The addition of Maersk Oils world class assets, including the operated United Kingdom gas field Culzean (49.99% Working Interest), close to the Elgin-Franklin hub operated by Total, and its stake in the giant Johan Sverdrup oil development (8.44% Working Interest) in Norway will bolster Totals production profile in these countries.
Freshfields Bruckhaus Deringer and Davis Polk & Wardwell are among the law firms advising on Total's $7.45bn (£5.79bn) acquisition of Maersk Oil.
Shares in Total initially fell, but by afternoon were up 0.3 percent at 42.76 euros per share while Paris's CAC 40 index was down 0.3 percent. Total will pay Møller $4.95 billion in Total shares - about 98 million shares, or 4 percent of Total - and assume $2.5 billion of Maersk Oil's debt. It will make the French oil company northwest Europe's second-largest offshore operator.
The sale in Moller-Maersk has been the first move in the company splitting up, with the sale of the oil and gas division likely to be the biggest transaction.
Total will maintain Maersk Oil's strong position in the North Sea with Copenhagen and Esbjerg bases and with Denmark being the operating hub for Total's combined operations in Denmark, Norway and the Netherlands.
Total said the deal gives it around 1bn barrels of oil equivalent 2P/2C reserves to Total, 85% of which are in OECD countries (80% in the North Sea).
Total chief executive Patrick Pouyanné said "I welcome Maersk Oil to the Total family".
This acquisition will boost the oil giant's position among its competitors.
In the USA, where small shale-oil producers have proved remarkably resilient to low oil prices, the sector has experienced a flurry of deals.
Total said it would acquire assets that could generate free cash flow even if crude oil prices drop below $30 per barrel. It will also take over all decommissioning obligations, worth around $2.9 billion.
Total will issue to Maersk 97.5 million shares, representing 3.75 percent of its enlarged share capital.
According to Maersk, the deal is subject to regulatory approval from relevant authorities and is expected to take place during the first quarter of 2018. Total will update its company-wide cost-savings plan in mid-September, said Pouyanne.
Chamberlain has just one year left in his Arsenal contract and has been unable to reach an agreement with the club on a new deal. Alex Oxlade-Chamberlain has the ability to step up another level this season, according to Arsenal manager Arsene Wenger .
Retail sales increased 0.6% from June, the largest gain since December 2016 and better than a consensus estimate from Wall Street. The May 2017 to June 2017 percent change was revised from down 0.2% to up 0.3%.
Both the cities have the EU's only land borders with Africa and so are easy entry points for migrants wanting to get to Europe. A new clip from The Guardian , shows beachgoers in Southern Spain watching as a boat carrying African migrants reaches shore.
Martinez gave the Cardinals their first lead in the fourth, rifling a solo homer to center, his ninth home run of the year. Louis Cardinals baseball team, an adorable kitten stopped play on Wednesday night (9 August) after running onto the field.
On Friday, he explicitly told Germany's Turkish community not to vote for any of the major parties on September 24. Doğan Akhanlı, a Turkish-born German author was detained by Spanish police at Turkey's request on Saturday.
(Can it just be August 18th already??) But, we're still finding out more about what we can expect from the new show. Finn: "The first four episodes, we're coming together". "But if you've been to NY , you immediately can tell".
Meanwhile, Ohio State - which is ranked second - is making its 29th consecutive appearance in the preseason poll. Alabama was an overwhelming choice for No. 1 and led a list of six Southeastern Conference teams in the poll.
If you're keen to catch the show, find a nice dark spot, preferably out of town to avoid light pollution. The Perseid meteor shower as seen over the National Radio Astronomy Observatory in Green Bank in 2015.
Ramos sees red to equal inglorious La Liga record
Real Madrid captain, Sergio Ramos , set an unwanted La Liga record during their 3-0 win over Deportivo La Coruna on Sunday. Real killed off the game as Toni Kroos' shot went past Ruben, with the help of a deflection.
Target Announces Bid To Buy Grand Junction
Expanding delivery and making it faster have been key areas retailers have focused on to attract convenience-seeking shoppers. The 13 employees at Grand Junction will become employees at Target following the closing of the deal, said a Target official.
Security chiefs: War with N Korea is not imminent
Trump of a certain course of action typically requires advisers to make the argument repeatedly, officials have said". Zakharova said that the United States was not considering the full repercussions of an armed conflict in the region.
Aguero on target as Man City down promoted Brighton
Pep Guardiola's side, for all their riches, took time to get into their groove in a 2-0 win at the Amex Stadium. We controlled the game. "So we have to disregard most of it, because it's something that we can't affect".
Singer Taylor Swift faces her alleged groper in court
Next up was Mueller's longtime friend and radio co-host, Ryan Kliesch, who testified he never saw him treat a woman poorly. There were no recording devices permitted into the courtroom, so a sketch artist created a rendering of the occasion.
Perseid meteor shower 2017
A good number of Perseid meteors will be bright, so you should be able to see Perseids, despite the moonlit glare. Dale recommended tonight as the best chance to catch the meteor shower because of the clear skies.