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.
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.
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.
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 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.
New research has cast light on the top companies commanding the majority of the UK's North Sea production and spending.
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 Resources UK has set out plans to sanction new North Sea production in the UK set for 2025.
The six-storey building was originally marketed in 2021 but has now sold for less than half the price.
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 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.
How to take apart an 18,000-tonne oil platform? Controlled explosives.
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).
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.
Aberdeen-headquartered Repsol Sinopec Resources UK has been renamed as Repsol Resources UK.
Oil producer Repsol signaled that it could cut investments in Spain if the government goes ahead with new regulatory and tax changes.
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 was previously considered non-existent, or at least inaccessible, but could it have a role in the future energy system?
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
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.
At over $8billion, big company corporate venture capital investment (CVC) in clean energy start-ups ran at a record high last year.
Antonio Brufau, the oil industry’s longest serving chairman, will keep going despite an earlier pledge to step down from his position at Repsol.
Spain’s Repsol will become the 100% owner of North Sea subsidiary Repsol Sinopec Resources UK after striking a $2.1bn deal.
Spanish oil and gas company Repsol (BME:REP) is waiting for the issuance of an Indonesian presidential regulation and the derivative regulations to progress its proposed carbon capture and storage (CCS) project in Sakakemang block, onshore South Sumatra, in Indonesia.
A new report from Westwood Global Energy Group has laid bare the impact of the UK Government's fiscal tinkering on Harbour Energy's (LON: HBR) share price in 2022.