TotalEnergies to acquire the United Arab Emirates E&P business of Cepsa.

TotalEnergies, a multi-energy company, agreed to acquire the United Arab Emirates E&P business of Cepsa, a crude oil industry commercial company. Financial terms were not disclosed. "This Transaction positions Cepsa to accelerate its strategic intent to migrate its businesses into new sustainable areas such as green hydrogen or biofuels, as well as the development of the first ultra-fast charging network for electric vehicles in Spain and Portugal. We truly value the close partnerships we have developed with the Government of Abu Dhabi and ADNOC over the years," Maarten Wetselaar, Cepsa CEO.