Total holds British oil asset sale

The French oil and gas supermajor sells several UK fields to Neo Energy. These divestments are yet another step in the company's major cost-cutting plan implemented due to the Covid-19 pandemic.

Photo: Gonzalo Fuentes/Reuters/Ritzau Scanpix

Money saved is money earned.

As if following this aphorism, French oil and gas supermajor Total now divests a series of assets in its British portfolio to Neo Energy, headquartered in Aberdeen, Scotland.

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