The deal will help the French energy giant bolster its position among the world's largest oil companies, potentially boosting its earnings and cash flow and shoring up its ability to pay dividends.

For Maersk, among the world's largest shipping companies, the deal streamlines its business as it grapples with historic downturns in both the shipping and oil industries.

It is the first sale for Maersk after it announced plans to break up the company last September. It is also looking to sell or list by the end of next year other units, such as Maersk Drilling, which operates oil and gas rigs mainly in the North Sea, and Maersk Tankers, which moves oil and oil products on a fleet of 158 vessels, and Maersk Supply, a fleet of 44 supportHow Tiger Woods could have turned a misstep into a giant step forward

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Tiger did the right thing. After the rules imbroglio at the 2013 Masters in which the Augusta National rules committee spared him disqualification and levied only a two-stroke penalty for a bad drop, Tiger consulted his advisors and decided for the good of Tiger Inc., if not the game, he would withdraw from the Masters before the start of the third round. He packed his bags, met with the press and said:

"I put the integrity of the game above everything else, certainly above myself and even above the Masters. There's no question in my mind this is what Bob Jones would have done in these circumstances. I didn't knowingly break the rules, but I broke