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