French oil and gas major Total has strengthened its position in its home market with the purchase of Direct Énergie, further expanding its business downstream
The sale of Maersk’s oil operations to French energy giant Total has been given the green light by the Danish Energy Agency, paving the way for the $7.45bn deal to close this quarter
Total has purchased stakes in renewable energy company Eren and energy efficiency company GreenFlex as falling costs make renewable energy alternatives more appealing
The French oil group will pay $4.95bn in shares and assume part of the Danish company’s debt
Total’s deal with Iran is the latter’s biggest foreign agreement since the easing of sanctions in 2016
