Advertisement
UK markets open in 4 hours 25 minutes

  • NIKKEI 225

    38,345.37
    +793.21 (+2.11%)
     

  • HANG SENG

    17,061.92
    +232.99 (+1.38%)
     

  • CRUDE OIL

    83.35
    -0.01 (-0.01%)
     

  • GOLD FUTURES

    2,332.60
    -9.50 (-0.41%)
     

  • DOW

    38,503.69
    +263.71 (+0.69%)
     

  • Bitcoin GBP

    53,356.68
    -292.52 (-0.55%)
     

  • CMC Crypto 200

    1,435.26
    +20.50 (+1.45%)
     

  • NASDAQ Composite

    15,696.64
    +245.33 (+1.59%)
     

  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

TotalEnergies buys CEPSA’s upstream assets in Abu Dhabi

Reuters
·1-min read

PARIS (Reuters) - French oil company TotalEnergies said on Wednesday it had agreed to buy the upstream assets in the United Arab Emirates of Spanish energy company Cepsa.

Financial terms were not disclosed.

The deal covers the purchase of a 20% stake in the Satah Al Razboot (SARB), Umm Lulu, Bin Nasher and Al Bateel (SARB and Umm Lulu) offshore concession, which includes two major offshore fields, the statement said.

It also covers the purchase of a 12.88% indirect interest in the Mubarraz concession held by Abu Dhabi Oil Company Ltd (ADOC), which comprises four producing offshore fields.

Cepsa said that with this transaction, it achieved key objectives set out in its 2030 'Positive Motion' strategy regarding becoming a leader in sustainable mobility, biofuels and green hydrogen in Spain and Portugal.

As part of this goal, Cepsa has committed to invest 8 billion euros ($8.5 billion) this decade.

($1 = 0.9374 euros)

(Reporting by Sudip Kar-Gupta and Jesus Aguado, Editing by Louise Heavens)