French oil company Total SA has agreed to acquire Danish conglomerate A.P. Moeller-Maersk A/S’s oil unit for $4.95 billion, the latest sign activity is returning to the sector following a three-year slump in oil prices . In statements released Monday, the companies said Total will also assume $2.5 billion of Maersk Oil’s debt. The deal is the latest sign of consolidation in the oil-and-gas industry, which is only now coming to grips with a prolonged and painful downturn . In 2016, Royal Dutch Shell PLC acquired smaller rival BG Group in a roughly $50 billion deal. But speculation that the industry could face another wave of megamergers fell flat. Total said its acquisition of Maersk Oil will bolster its production by 160,000 barrels a day in 2018 and […]