Denmark will become a regional hub for all Total's operations in Denmark, Norway and the Netherlands, based on Maersk Oil's capabilities and strong position in the North Sea region. That will make the Danish company the second-largest investor in the French giant, according to data compiled by Bloomberg.
CEO Patrick Pouyanne says the company took account of about $3 billion decommissioning liabilities linked to Maersk Oil deal valuation. Shareholders could expect an extraordinary dividend, share buyback, or distribution of the Total shares Maersk will receive in the deal.
Total is a global integrated energy producer and provider, a leading worldwide oil and gas company, and a major player in solar energy with SunPower and Total Solar.
Pouyanne said that Total had proposed a deal to Maersk as an alternative to floating the business. Shares in AP Moller-Maersk closed up 2.9 percent at 13,170 Danish kroner on the Copenhagen Stock Exchange, while Total's share price in Paris ended 0.3 percent higher at 42.78 euros.
Total will take over Maersk Oil's entire organization, portfolio, obligations and rights with minimal pre-conditions.
APMM will receive an enterprise value per 30 June 2017 of United States dollars 7.45bn paid by 97.5m shares in Total S.A. with a value of USD 4.95bn equal to approx. That will represent 3.75 percent of the enlarged share capital of Total.
Zacks Investment Research lowered shares of A.P. Moller - Maersk A/S (NASDAQ:AMKBY) from a hold rating to a sell rating in a research note released on Friday morning.
"Total is acquiring a deep specialist in unlocking complex reservoirs and boosting recovery factors through enhanced oil recovery techniques", Dr Kretzschmar said.
It is also OU's highest preseason ranking under a first-year coach since beginning at No. 2 under Gomer Jones in the 1964 season. Auburn will open the 2017 season ranked in the top 15 of the Associated Press poll for the third time in four years.
She may have no choice in the matter as the lieutenant governor of Missouri is taking steps to have her removed from office. She also referred to herself as a Patriot in an interview with KSDK , and refused to apologize for the statement.
Especially when you're trying to convince three other highly independent superheroes that it's a good idea to team up. The final trailer of Netflix's hero team-up show " The Defenders " shows that the war for NY is about to begin.
Whether or not this will help Target's business remains to be seen, but at least now the company would be more competitive. Target recently launched next-day delivery of household items, called Target Restock, in its home market of Minneapolis.
Rainfall remains in the forecast for the coming days, slowing recovery efforts and bringing the threat of further mudslides. Over 400 people have been confirmed dead after a mudslide in Regent, near Freetown, Sierra Leone .
Microsoft disputed the study, saying the company's return and support rates differ significantly from the Consumer Reports study. Microsoft said in a statement that it doesn't "believe these findings accurately reflect Surface owners' true experiences".
Tomososki's condition is called a solar retinopathy , or damage to the retina that happens when you look directly at the sun. As a result, Tomososki now states that he had been living with a blind spot at the center of his eye for the last 55 years.
The 3,488 km long India-China border from Jammu and Kashmir to Arunachal Pradesh, a 220-km section falls in the Sikkim sector. Beijing also decided not to participate in the traditional ceremonial border meeting on the auspicious occasion.
The airstrikes came after Israel claimed a rocket fired from Gaza has landed in the Israeli town of Asqalan. "Some time ago a shell hit an open area in the district (city ed.) Ashkelon".
Deulofeu stars for Barca in shadow of terror attack
Football will take a back seat at the Nou Camp on Sunday as Barcelona pay tribute to the victims of the terror attack in the city. Barcelona ended a hard week by beating Real Betis 2-0 at the Nou Camp in their La Liga opener on Sunday.
Deportivo La Coruna 0-3 Real Madrid
Real were without Cristiano Ronaldo , and will be for the next three games after his suspension in the Spanish Super Cup. Bale's spot was in jeopardy after great displays from youngster Marco Asensio at the right wing position.
Look Where Aaron Judge's Mammoth Home Run Landed
This record has been around since 1971 when former pitcher Bill Stoneman struck out 35 games in a row with the Montreal Expos. Aaron Judge and the rest of the Yankees take the field against the Toronto Blue Jays in May 2017.
Over 33 lakh people affected by floods in State
Heavy rains have wreaked havoc in the eastern state, with almost 100 people dead and millions left displaced. Chief Minister Nitish Kumar made his second aerial survey of flood-hit areas on Tuesday.
Powerball jackpot climbs over half-billion dollar mark
The Powerball jackpot will continue to climb, because no winners were announced after Wednesday night's drawing. The next drawing is Saturday so excuse me while I leave my desk and ransack the nearest lotto store for tickets.
United States retail sales surge in July on strong autos
Sales of motor vehicles and building materials both increased by 1.2% month-on-month to reach $100.1bn and $31.44bn, respectively. Excluding sales of autos and parts, sales rose by 0.5% on the month to hit $378.8bn (consensus: 0.4%).
Sharapova gets Wildcard for US Open
Sharapova hasn't played in a major since she lost to Serena Williams in the Australian Open quarterfinals on January 25, 2016. Maria Sharapova described her wildcard for the US Open as "so, so special", adding that it gave her goosebumps.