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.
Energean Oil and Gas will farm out a 60% interest in two of its assets onshore Greece to Repsol.
Mystery remains over the origin of an oil sheen that led to a North Sea production shutdown.
Respol has been ordered to respond to Norway's safety watchdog after a number of areas for improvement were noted in a recent audit.
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 has bought a 70% stake in three fields off the south-east coast of Trinidad for an undisclosed fee.
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.
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.
Net income at Spanish energy firm Repsol rose 35% to 1.12billion euros in the first nine months of 2016.
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.
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 has had a further rebrand changing its name to Repsol Sinopec Resources UK Limited.
Spanish energy giant Repsol has dismissed a £3.8billion legal claim made by its Chinese business partner Sinopec over their shared North Sea assets.
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 has received consent from Norway's Petroleum Safety Authority for the removal of Petrojarl Varg and subsea structures on the Varg field.
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 had struck a deal with Abastible to sell its Liquefied Petroleum Gas (LPG) businesses in Peru and Ecuador in a $335million deal.
Repsol said it plans to reduce its headcount from its Calgary workforce by up to 15% as its looks to streamline costs.
Repsol cut its dividend for the first time since 2009 as its acquisition of Talisman Energy turned sour amid the crude-market rout.
Repsol credited dwindling production rates for its decision to shut down its Varg asset, saying it was no longer financially viable.
Repsol has sold its piped gas business in the north of Spain to EDP Group and Gas Extremadura for €136million.
The legal name of Canadian oil and gas producer Talisman Energy has been changed to Repsol Oil & Gas Canada Inc.
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.
Repsol SA is considering selling its stake in Tangguh LNG, one of Indonesia’s largest liquefied natural gas projects, as Spain’s biggest oil company seeks to reduce debt, according to people familiar with the matter. Repsol’s 3.1 percent stake in the gas fields, operated by BP Plc, may fetch as much as $300 million in a sale, the people said, asking not to be identified as the deliberations are private.
Repsol SA, Spain’s largest oil company, reported a 62 percent decline in third-quarter earnings as lower crude prices countered improved refining performance.