North Sea oil pollution ‘grossly underestimated’, report finds
North Sea oil pollution has been "grossly underestimated" due to an opaque and misleading reporting system and ineffective regulations, a report has found.
Talisman
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.
Flotation Energy: ‘We’re a team of experienced innovators’
An interview with Allan MacAskill, Chief Technical Officer of Flotation Energy.
Is it time to change the identity of the energy industry?
How far ahead, or how far behind, are you when it comes to diversity, equality and inclusion (DE&I) initiatives?
OPEX Group appoints new senior vice president
An Aberdeen-based provider of predictive analysis services has appointed a leading figure in the oil and gas industry to its management team.
Round-up: Mergers and takeovers of the oil sector downturn
Transocean’s planned $3.4billion takeover of Songa Offshore will create one of the world’s biggest offshore vessel contractors.
New North Sea decommissioning firm to create hundreds of jobs
A group of North Sea stalwarts have set up a business which will take the sting out of subsea well decommissioning costs – and create hundreds of jobs.
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.
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.
CNR considers pulling Sky TV on North Sea assets
CNR International is said to be considering pulling Sky TV from its North Sea assets.
Talisman pulls U-turn on North Sea Sky TV ban
Sky television has been reinstalled on Talisman’s North Sea assets after it was pulled last year to save costs.
North Sea operators team up to reduce warehouse stock
A group of North Sea operators have come together to improve efficiency with the launch of a trial scheme to share 200,000 inventory items.
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.
North Sea platform down manned after power outage
A North Sea platform has been down manned after a power outage.
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.
Pacific Exploration and Production buys out Talisman share in Colombia
Pacific Exploration and Production has acquired a 50% remaining interest in the CPE-6 block from Talisman in Colombia. The company said the deal for the onshore block is worth $48million.
Timelapse: Incredible footage of Talisman topside destined for North Sea
This incredible footage shows Talisman Sinopec UK’s Montrose topside being constructed at Heerema’s fabrication yard in the Netherlands.
Repsol to sell $7.1billion of assets and cut spending
Repsol aims to sell more than €6bn ($7.1billion) of assets and reduce capital spending over next five years as part of the new strategy which will seek to protect its investment grade rating and dividend from the slump in prices in the past year.
Repsol to cut 1,500 positions over three years
Repsol plans to reduce its headcount by 1,500 position over the next three years in a bid to streamline costs. The move comes in the same week oil major Shell said it would be cutting 1,300 jobs over the next two years in Malaysia.
Repsol sells stake in CLH for 325million Euros
Spanish oil major Repsol has reached an agreement to sell the 10% stake it held in oil storage firm Compañía Logística de Hidrocarburos (CLH) to investment company Ardian for 325million Euros.
Repsol said to send Brazil chief exec to US for Talisman integration
Repsol SA, Spain’s largest oil company, will transfer the chief executive officer of its Brazilian operations to the US to help integrate Talisman Energy Inc. into its operations, according to two people familiar with the decision. Tomas Garcia Blanco, who took over the Brazilian operations less than a year ago, will help oversee integration of Calgary-based Talisman’s North American assets after the $13 billion acquisition is completed on May 8, one of the people said, asking not to be identified before a public announcement. Garcia Blanco, who will be based in Houston, was head of exploration and production at Repsol’s YPF SA unit until the Argentine government nationalized it in 2012.
Repsol takeover of Talisman moves forward after court order
Talisman Energy has been granted a court order which will allow its acquisition by Spanish company Repsol to go ahead. Last week, the firm's shareholders approved the arrangement, under which Repsol will purchase all of the outstanding shares of Talisman.
Talisman takes $1.37 billion charge on falling crude-oil price
Talisman Energy Inc., the Canadian producer being acquired by Spain’s Repsol SA, reported about $1.37 billion in one-time charges for the fourth quarter as it reduced the value of certain assets because of slumping crude-oil prices. “The company partially impaired its investment in the Eagle Ford by $614 million due entirely to price declines, and fully impaired its investment in Block K44 in the Kurdistan region of Iraq by $234 million after determining that future investment in a capital constrained environment was unlikely,” Calgary-based Talisman said in a statement on Marketwired Tuesday. It also wrote down North Sea assets and a joint venture with Colombia’s Ecopetrol SA.