PetroTal to acquire exploration and production business in Peru from Cepsa.

PetroTal, a crude oil producer, agreed to acquire exploration and production business in Peru from Cepsa, a multinational oil and gas company. Financial terms were not disclosed. "This transaction supports our transformation as a company and our strategy to make Cepsa a benchmark in the energy transition by the end of this decade, when we expect more than half of our business to come from sustainable energies such as green hydrogen and biofuels," Maarten Wetselaar, Cepsa CEO.