Total buys Maersk's North Sea oil assets for £5.8bn

Industry has been consolidating as a response to low oil price since 2014

Total logo
Logo of French energy giant Total
(Image credit: Denis Charlet, AFP)

The French oil giant Total has bought a large portfolio of mature oil and gas exploration assets in the North Sea from the Danish conglomerate Maersk for $7.45bn (£5.8bn).

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