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
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.
Repsol awaits Indonesia regulation to carry out CCS project
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.
Westwood: Harbour Energy one of just two IOCs to finish 2022 with lower share price
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.
League table: Which oil and gas firms produce most emissions?
Which integrated gas companies produce the most emissions?
Harbour Energy and Mubadala plan more exciting deepwater exploration in Indonesia
UK-based Harbour Energy (LON:HBR) and UAE-based Mubadala Energy are both planning separate exciting deepwater drilling campaigns in frontier waters offshore Indonesia’s Aceh province next year.
Repsol and Petronas’ Andaman deepwater probe disappoints in Indonesia
Repsol’s (BME:REP) much-anticipated Rencong-1X wildcat exploration well in the frontier deep-waters of Indonesia’s North Sumatra basin has failed to find commercial oil and gas reserves.
Aberdeen-based Respol Sinopec UK appoints new chief operating officer
Aberdeen-based Repsol Sinopec UK has appointed a new chief operating officer, Peter Medlam will take on the role at the start of next month.
Harbour Energy-led Andaman project in Indonesia to pump first gas in 2028
Harbour Energy is expected to start gas production from its Andaman II Block offshore Indonesia in 2028, according to a senior Indonesian government official.
Malaysia’s Petronas eyes more acreage offshore Indonesia’s Aceh in exploration hotspot
Malaysia’s national oil company Petronas is considering acquiring further upstream acreage offshore Indonesia’s Aceh province as it seeks to develop more gas projects in the Southeast Asian nation. Significantly, more incentives are expected to be offered to encourage exploration investment.
EIG buys into Repsol Upstream for $5bn
Investment group EIG is buying a 25% stake in Repsol’s upstream unit for $4.8 billion, with an eye on a potential US IPO in 2026.
Repsol Sinopec appoints new chief executive
Repsol Sinopec Resources UK has appointed Nicolas Foucart as its new chief executive, replacing Jose Luis Muñoz as of today.
Indonesia confirms disappointing downgrade at Repsol gas discovery
Indonesian upstream regulator SKK Migas has confirmed that Repsol’s (BME:REP) Kali Berau Dalam (KBD) gas discovery, initially thought to be the country’s biggest find in 18 years, is significantly smaller than expected, putting the mega project in doubt.
Repsol and Petronas spud exciting Andaman deepwater exploration well in Indonesia
Spain’s Repsol has started drilling the much-anticipated Rencong-1X wildcat in the frontier deepwaters of Indonesia’s North Sumatra basin in the Andaman III Block.
Eni offers gas block offshore Indonesia for sale to Harbour as Andaman development eyed
Italy’s Eni (BIT:ENI) is offering to sell its Krueng Mane Block offshore Aceh in Indonesia to London-listed Harbour Energy (LON:HBR), reported Indonesian upstream regulator SKK Migas. Significantly, the potential acquisition seems logical given that Harbour’s recent exploration success could trigger a new development area in the region.
Initial success for Harbour Energy at play-opening deepwater exploration well in Indonesia
UK-listed Harbour Energy (LON:HBR) has announced initial success at its play-opening deepwater Timpan-1 exploration well offshore Indonesia in the North Sumatra basin. Significantly, the initial result bodes well for the frontier area and could open up more petroleum plays, which are thought to be gas prone.
Repsol pre-empts Edison sale in Algeria
Repsol has exercised its pre-emption rights to buy some of departing Edison’s stake in the Reggane Nord project, in Algeria.
Repsol sells stakes in renewables unit to EIP, Credit Agricole
Repsol has approved a move to sell 25% of its renewable energy business to a Swiss-French consortium, in a deal worth over €900 million (£760m).
Carbon storage sites in Asia among cheapest globally
Carbon storage sites in Asia are expected to be among the cheapest globally and this could give the region a big advantage in the expanding market as the world races to decarbonise.
Ørsted finds partners for ‘multi-GW’ Spanish onshore plans
Ørsted has entered inked a series of partnerships to support its plans to build a raft of solar and onshore wind projects across Spain.
Repsol weighs sale of upstream stakes to EIG
Repsol is reportedly considering the sale of up to 25% of its oil and gas exploration and production (E&P) business to energy investor EIG.
Repsol nears exploration drilling in Libya
Repsol plans to launch exploration in Libya in the third quarter, according to comments made during a recent meeting with National Oil Corp. (NOC).
Repsol, Ørsted join forces on Spanish floating wind
Ørsted and Repsol have announced plans to explore joint development of floating offshore wind projects in Spain.
Repsol finishes 3D seismic sweep in Indonesia
Repsol finished its 3D seismic shoot in Indonesia’s South East Jambi block onshore Southern Sumatra in December 2021 and is currently evaluating the data.
Indonesia’s deep-waters attract explorers, including BP and Harbour
Harbour Energy (LON:HBR) is on track to start high impact exploration drilling in its Andaman II PSC offshore Indonesia in the second quarter this year. The news adds to the excitement in Indonesia as other companies, including BP (LON:BP), look set to probe the archipelago’s deep waters, following recent fiscal and regulatory enhancements.