Montrose joins list of Repsol assets to stop production
Repsol has confirmed it is carrying out maintenance at its Montrose platform as the asset joins the operator's list of projects to stop production.
Repsol
Repsol shuts down Bleo Holm FPSO for maintenance
Repsol has shut down the Bleo Holm floating production, storage and offloading (FPSO) vessel for maintenance.
Fire safety equipment test failures putting North Sea workers at risk
Delays in fixing damaged or corroded fire safety equipment in the North Sea is a huge cause for concern amongst workers and their families, along with those who remember what can happen when it goes disastrously wrong.
EVOL: Repsol ponders, Prax strikes and a biofuel pause
The rumour mill has kicked into overdrive amid discussion that Repsol is considering the acquisition of NEO Energy, even while politics has overshadowed the energy sector. While some companies are moving away from the North Sea, others are choosing to stick it out, Ryan explains, on the basis that it can’t get any worse.
NEO merger would fit Repsol ‘quite nicely,’ says analyst
A rumoured tie-up between Repsol and NEO Energy would be a good fit for the Spanish firm which has one of the biggest decommissioning liabilities in the North Sea, an analyst has said.
EVOL: Redundancies, champions and a touch of glamour
Now that Repsol has settled its spat with Sinopec, the company has admitted it is “reviewing” its structure, with nearly 100 jobs expected to go. It set out plans recently for more activity, striking a slightly unusual tone – and failing to blame the windfall tax, unlike many of its contemporaries.
Repsol told to clean up its act on Arbroath platform toilet
Repsol has been told to clean up its act over poor toilet facilities on its Arbroath platform which have been “in desperate need of replacing” since 2020.
Table: The 20 firms commanding the UK’s North Sea oil and gas hubs
New research has cast light on the top companies commanding the majority of the UK's North Sea production and spending.
Repsol plans to dish out more than €700m in contract this year
Repsol Resources UK has shared that it will offer up work valued at over €700 million (£599.43 m) over the course of 2024.
Repsol to get after new North Cayley project in UK
Repsol Resources UK has set out plans to sanction new North Sea production in the UK set for 2025.
Talisman House sells for millions below initial £19m asking price
The six-storey building was originally marketed in 2021 but has now sold for less than half the price.
Big Oil pay packets still push execs to boost fossil fuel production – report
A new report suggests Big Oil continues to link executive pay to increased fossil fuel production, even if this conflicts with energy transition targets and climate policies.
Repsol pledges €10 billion in attempt to win over investors
Repsol will increase its dividend by 29% and buy back more shares, following the trend set by most other major oil companies of rising shareholder returns despite lower profits.
Watch: Oil platform gets blown up in Norway
How to take apart an 18,000-tonne oil platform? Controlled explosives.
French fund rule puts $7.6 billion of oil, gas assets at risk
A French rule targeting ESG funds has the potential to force oil and gas divestments of €7 billion ($7.6 billion), according to an analysis by Morningstar Inc (NYSE: MORN).
‘We are not afraid to go first’: Repsol rises to decom challenge
Freshly transformed following the exit of former venture partner Sinopec, Repsol Resources UK is looking to the future of its operations in the North Sea.
Repsol Sinopec gets rebrand after $2.1bn dispute deal is closed
Aberdeen-headquartered Repsol Sinopec Resources UK has been renamed as Repsol Resources UK.
Repsol warns it may cut Spanish investments on tax concerns
Oil producer Repsol signaled that it could cut investments in Spain if the government goes ahead with new regulatory and tax changes.
Repsol renewables ad banned over ‘large-scale’ oil and gas interests omission
An ad for global energy firm Repsol's involvement in renewable hydrogen has been banned for omitting to make any mention that large-scale oil and gas forms the "vast majority" of its business.
Natural hydrogen: Fairy gold or commercial reality?
Natural hydrogen was previously considered non-existent, or at least inaccessible, but could it have a role in the future energy system?
Repsol Sinopec sees North Sea profits surge past $600m
As profits more than treble on higher oil and gas prices, Repsol Sinopec expects to spend $2.2bn on UK decommissioning within the next decade
Pertamina, Gazprom commit big bucks to Algerian investments
The PSC was signed under the 2019 hydrocarbons law. Sonatrach has signed three other such deals, S&P Global has said, with Eni, Sinopec and a consortium of Occidental, Eni and TotalEnergies.
CVC investment in clean energy start-ups reaches record-high
At over $8billion, big company corporate venture capital investment (CVC) in clean energy start-ups ran at a record high last year.
Oil industry’s longest-serving chairman gets four more years
Antonio Brufau, the oil industry’s longest serving chairman, will keep going despite an earlier pledge to step down from his position at Repsol.
Repsol and Sinopec end North Sea dispute with $2.1bn deal
Spain’s Repsol will become the 100% owner of North Sea subsidiary Repsol Sinopec Resources UK after striking a $2.1bn deal.