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Europe upstream week in brief: Major coup for Total in US$7.45 billion Maersk Oil deal

21 August 2017

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21 August 2017

Europe upstream week in brief: Major coup for Total in US$7.45 billion Maersk Oil deal

Report summary

This is our latest week in brief where we give you quick, responsive opinion and analysis on all that's going on in European oil and gas. This week includes: Total acquires A.P. Møller-Mærsk's upstream oil & gas business. The deal heralds Maersk's exit from the North Sea whilst Total gains interests in Johan Sverdrup, Culzean and Maersk's core assets in Denmark. In the UK, Ithaca deals with lower than expected production at its Stella field and Caudrilla spuds its horizontally fractured well.

Total surprise: Maersk snapped up by French major
In other news:
- Ithaca Energy's UK field Stella struggling to meet expectations
- UK edges towards shale gas production as Cuadrilla spuds pilot well
- Drilling round-up
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This report includes 7 images and tables including:

Top producers in the North Sea
Maersk Assets
Maersk Assets

Offshore proposed wells 2017 by operator
Offshore wells drilling by operator
Spuds to date by basin
Fact of the week

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