Think-tank delivers climate change warning to oil majors
Major North Sea oil firms will have to cap their global spending by as much as 70% if international climate change targets are to be met, a financial think tank has warned.
Repsol
Eni the big winner in Mexican offshore round
Eni was the biggest winner in Mexico’s latest auction of shallow-water oil prospects.
Repsol gets lift from cost cutting, higher commodity prices and increased production
Spanish oil company Repsol more than doubled its net income in the first quarter of 2017 with upstream and downstream improvements as well as a new mega-find in the US.
Repsol to buy 60% stake in Greek blocks from Energean
Energean Oil and Gas will farm out a 60% interest in two of its assets onshore Greece to Repsol.
Mystery over sheen at Montrose area redevelopment, Repsol resumes production
Mystery remains over the origin of an oil sheen that led to a North Sea production shutdown.
Repsol Norge undergoes audit of emergency preparedness and helideck at Gyda
Respol has been ordered to respond to Norway's safety watchdog after a number of areas for improvement were noted in a recent audit.
Repsol cleared to drill Stordal exploration well
Norway’s offshore safety body has cleared Spain’s Repsol to drill an exploration well on the Stordal prospect. The Transocean Spitsbergen semi-submersible rig will drill the well on Stordal in the Norwegian Sea, about 395kilometres west of Bodo. Drilling is slated to start in early March and last 33 days.
Perenco heralds arrival in Trinidad with Repsol stake purchase
Perenco has bought a 70% stake in three fields off the south-east coast of Trinidad for an undisclosed fee.
BP scoops stake in Indonesia LNG plant for $300m
BP has bought a 3.06% stake in an Indonesian liquefied natural gas (LNG) project from Repsol for more than $300million, the Spanish firm has said.
Energy editor honoured at Oil and Gas UK awards
The Press and Journal’s long standing energy editor was handed a special award at a glittering ceremony hosted by the oil and gas industry’s leading trade body.
Repsol income up 35% despite low oil prices
Net income at Spanish energy firm Repsol rose 35% to 1.12billion euros in the first nine months of 2016.
Shell and other oil majors to reveal green energy fund this week, report says
A group of seven oil and gas companies, including Shell, will reveal plans for a renewable energy investment fund on Friday, a news report said, citing unidentified sources.
WGPSN to shift 750 employees as Repsol Sinopec unveils £250m North Sea framework
Repsol Sinopec Resources UK has unveiled a dramatic new contract strategy which will see up to 750 North Sea workers transferred to new employers.
Talisman Sinopec Energy UK in name rebrand
Talisman Sinopec Energy UK has had a further rebrand changing its name to Repsol Sinopec Resources UK Limited.
Repsol dismisses “baseless” $5.5billion claim over North Sea joint venture
Spanish energy giant Repsol has dismissed a £3.8billion legal claim made by its Chinese business partner Sinopec over their shared North Sea assets.
Sinopec serves $5.5billion compensation claim on Repsol
Chinese energy conglomerate Sinopec has served an arbitration notice to Spain's Repsol demanding around $5.5 billion in compensation over a 2012 joint venture.
Repsol gets go ahead to remove FPSO from Varg field
Repsol has received consent from Norway's Petroleum Safety Authority for the removal of Petrojarl Varg and subsea structures on the Varg field.
Repsol beats analyst estimates thanks to chemicals and refining
Repsol, the worst-performing major European oil stock over the past year, beat analysts’ estimates as the performance at the refining and chemicals division compensated for low oil prices.
Repsol to LPG assets in Peru and Ecuador worth $335m
Repsol had struck a deal with Abastible to sell its Liquefied Petroleum Gas (LPG) businesses in Peru and Ecuador in a $335million deal.
Repsol to reduce Calgary headcount by up to 15%
Repsol said it plans to reduce its headcount from its Calgary workforce by up to 15% as its looks to streamline costs.
Repsol cuts dividend a crude slump casts doubt on Talisman deal
Repsol cut its dividend for the first time since 2009 as its acquisition of Talisman Energy turned sour amid the crude-market rout.
Dwindling production forces Repsol to shutdown Varg
Repsol credited dwindling production rates for its decision to shut down its Varg asset, saying it was no longer financially viable.
Repsol sells stake in piped gas business for €136million
Repsol has sold its piped gas business in the north of Spain to EDP Group and Gas Extremadura for €136million.
Talisman and Repsol announce Canadian business name changes
The legal name of Canadian oil and gas producer Talisman Energy has been changed to Repsol Oil & Gas Canada Inc.
OKEA buys stake in Yme field
Norwegian company OKEA said it had entered into a sale and purchase agreement with Repsol for a 60% stake in the Yme field. The company said the move will be subject to approval by the Norwegian authorities once an update plan for development and operation has been submitted.