TOTAL SELLS GAS PIPELINE: $907 MLN
Aug 27 French oil major Total has agreed to sell some of its gas pipeline assets in the UK's North Sea to North Sea Midstream Partners, an affiliate of U.S.-based private equity firm ArcLight Capital, for 585 million pounds ($907 million).
The sale includes the Frigg UK (FUKA) and SIRGE gas pipelines and the St. Fergus gas terminal, Total said in a statement on Thursday.
Europe's second-largest oil company, Total unveiled a plan earlier this year to cut investments and jobs, and accelerate…
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