Danish shipping giant A.P. Møller – Mærsk A/S released first quarter of 2019 with a 33% increase in EBITDA earnings to $1.2 billion but said still facing considerable uncertainties from weaker macro numbers and the risk from trade tensions and implementation of IMO 2020.
France’s Total buys Denmark’s Maersk Oil for $7.5 billion
French oil major Total $TOT is buying Maersk Oil & Gas A/S from Danish shipping giant A.P. Møller – Mærsk A/S in a share and debt transaction valued at US$7.45 billion. The deal adds reserves equivalent to around 1 billion barrels of oil for Total.