Total SA’s $8.8 billion deal to buy the African assets of Anadarko Petroleum brings the French oil giant closer to its goal of being a cleaner company with more natural gas than crude oil in its portfolio
Total SA’s deal to buy Anadarko Petroleum Corp.’s assets in Africa cements the French oil major’s position as the world’s second-largest provider of liquefied natural gas while pushing its business deeper into dangerous parts of the world.
Total said earlier this week that it agreed to buy Anadarko’s African assets for $8.8 billion in a transaction that would help Occidental Petroleum Corp. finance its takeover of the Texas-based oil producer. The deal was a key part of Occidental’s victory over Chevron Corp. as the companies...
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