Repsol Company News

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Exxon Mobil Bets on Brazil, Buys 10 Oil Blocks in Auction
Thursday, September 28, 2017 Exxon Mobil Corp vastly expanded its presence in Brazil on Wednesday.

Repsol Says Drilling Suspended On Vietnam Oil Block Disputed By China
Wednesday, August 02, 2017 Repsol says it had suspended oil drilling in a block off Vietnam, where the prospecting in South China Sea waters claimed by China had infuriated Beijing and brought Chinese pressure on Vietnam to stop.

China Urges Halt To Oil Drilling In Disputed South China Sea
Tuesday, July 25, 2017 China's Foreign Ministry has urged a halt to oil drilling in a disputed part of the South China Sea.

SBM Offshore, Repsol to Get $247 Million in Yme Insurance Settlement
Monday, July 17, 2017 SBM Offshore and Repsol will share an insurance payment of $247 million, less legal costs, related to a troubled Norwegian offshore project.

Repsol Sinopec Flows First Oil from North Sea Shaw Field
Tuesday, May 09, 2017 Repsol Sinopec Resources UK announces that first oil has begun to flow from the Shaw field, which is part of a major redevelopment of the Montrose Area in the Central North Sea.

Spain's Repsol Aims To Cut Debt By A Further 16% In 2017
Thursday, February 23, 2017 Repsol says it would keep its dividend and investment spending stable in 2017 and pursue cost cuts to reduce debt by a further 16% this year.

Poll: US, Foreign Oil Companies to Prosper in Trump's USA
Thursday, November 10, 2016 Both US and foreign oil companies will thrive in Trump's USA, according to a Rigzone poll on social media platform Twitter.

European Industry Says Trump Must Define Energy Policy
Wednesday, November 09, 2016 Europe's oil and gas industry is likely to benefit from Trump in the White House, but calls for a clear energy policy framework from the President Elect.

Repsol Raises Cost-Savings Target, Cuts Investments
Thursday, November 03, 2016 Repsol reports a higher-than-expected 3Q profit and raises its 2016 cost-savings target by 300 million euros to 1.4 billion euros ($1.56 billion).

Bolivia, Repsol to Sign Deal to Develop Two Natural Gas Fields
Wednesday, October 26, 2016 The Bolivian government and a consortium led by Spain's Repsol are to sign a potential $1-billion deal to develop two natural gas fields.

Jefferies: OPEC Output Cut Unlikely
Tuesday, October 11, 2016 It's unlikely that OPEC will be able to maintain its planned output cut, according to oil and gas analysts at investment bank Jefferies.

Spain's Repsol Provides $1.2B Credit Line For Venezuela Oil JV
Friday, October 07, 2016 Repsol is providing a credit line of up to $1.2 billion to boost oil output at a joint venture it runs with PDVSA.

Trade Group Oil & Gas UK Makes 4 Board Appointments
Tuesday, October 04, 2016 Trade association Oil & Gas UK appoints executives from Apache, Premier Oil, Repsol Sinopec and Rowan Companies to its board.

How Actual Nuts and Bolts Are Bringing Down Oil Prices
Wednesday, September 28, 2016 Standardized pipes and casings could hold the key to a pervasive mystery about today’s energy market: Why is everyone still drilling when prices are in the basement?

Spain's Repsol and Criteria Sell Combined 20% of Gas Natural
Monday, September 12, 2016 Spain's Repsol and Criteria Caixa will sell for $4.27 billion ($3.8 billion euro) a combined 20 percent stake in Gas Natural to U.S. fund Global Insfrastructure Partners.

Chevron Best Positioned IOC Following Oil Price Collapse
Wednesday, September 07, 2016 Chevron is the best strategically positioned integrated oil company following the collapse in oil prices in 2014, according to a report from investment bank Jefferies.

SKTLO Bags $65.3M Contracts for Work Offshore Malaysia, Vietnam
Thursday, September 01, 2016 SapuraKencana TL Offshore bags several contracts, worth around $65.3 million, for work offshore Malaysia and Vietnam.

Repsol's Faulty Yme Platform Removed From Norway Oil Field
Tuesday, August 23, 2016 The topside of Repsol's faulty Yme oil platform was removed from the field offshore Norway on Monday.

Strong Upstream Performance from European Majors
Thursday, July 28, 2016 French and Spanish oil majors Total and Repsol deliver second-quarter results that display a strong performance from their upstream operations.

Moodys: Shell, Repsol and Petrobras M&A on the Horizon
Friday, July 15, 2016 Analysts at Moodys' Investors Service expect that once commodity prices stabilize, the second quarter increase in 2016 activity will become an industry trend with major players trading assets.

Repsol Plugs & Abandons Strickland 2 Prospect in PRL 269 in PNG
Thursday, July 07, 2016 Oil Search plugs and abandons the Strickland 2 prospect in Petroleum Retention Lease (PRL) 269 in the Highlands of Papua New Guinea.

Oil Explorers Embrace the Sharing Economy to Drill Cheaper Wells
Wednesday, June 22, 2016 The biggest oil-industry downturn in a generation has companies collaborating in ways they never thought possible.

Sinopec Serves $5.5B Arbitration Notice To Repsol
Friday, June 17, 2016 Chinese energy conglomerate Sinopec serves an arbitration notice to Spain's Repsol demanding around $5.5 billion in compensation over a 2012 joint venture.

Repsol Continues Drilling at Strickland 2 Prospect in PNG's Highlands
Friday, June 03, 2016 Repsol continues drilling activities at Strickland 2 exploration well in Petroleum Retention License 269 in Papua New Guinea's Highlands.

OceanMight Bags EPC Contract from Talisman Malaysia for Bunga Pakwa Project
Monday, May 30, 2016 KKB Engineering's associate firm OceanMight clinches an engineering, procurement and construction contract from Talisman Malaysia for the Bunga Pakwa wellhead riser platform offshore Malaysia.

Statoil And Partners Strike Oil Off Brazil
Monday, April 18, 2016 Statoil and partners Repsol and Petrobras strike oil off the coast of Brazil, in a deepwater offshore Campos Basin.

European Oil, Gas Companies in Organizational Restructures
Friday, March 18, 2016 Repsol S.A and Gazprom EP International B.V announce a range of organizational restructures, including a number of appointments and departures.

Argentina's YPF Appeals Court Order To Show Chevron Pact Details
Thursday, March 17, 2016 Argentina's state energy company YPF says it appealed a local court ruling ordering it to disclose details of its contract with Chevron Corp, amid allegations of secret clauses in the agreement.

Repsol Takes Steps to Reduce Upstream Costs
Thursday, February 25, 2016 Repsol confirms that it is taking steps to take billions of dollars of costs out of its upstream business as the firm reports a strong performance from its downstream segment.

Wood Mac: 2016 Promises Upstream Opportunities despite Tough Times
Thursday, January 28, 2016 A new report from oil and gas consultancy Wood Group shows that 2016 promises many opportunities around the world for the upstream sector in spite of challenging times.

Repsol, Statoil in US-Norway Asset Swap Deal
Friday, December 11, 2015 Spain's Repsol agrees to swap assets with Statoil in a bid to reduce its capital spending.

Eastern Europe Focused Energy Firms Increase CAPEX
Tuesday, November 24, 2015 Nostrum Oil & Gas and PJSOC Bashneft increase capital expenditure in 9M 2015, bucking the trend of CAPEX reduction among energy firms amid the current lower oil price.

The Upstream Investment Outlook of European Oil, Gas Firms
Tuesday, November 24, 2015 Rigzone looks at the current state of upstream investment among European oil and gas firms.

Repsol Posts Upstream Earnings Loss, Reaffirms Plans to cut Spend
Thursday, November 12, 2015 Following a $678 million loss in the 9 month period from Jan to Sept this year for Repsol's upstream division, the group reaffirmed its plans to significantly scale back upstream investment over the next 5 years.

Statoil Delays Production Start-up at the Mariner Oilfield to 2018
Wednesday, October 28, 2015 Statoil delays production start-up for its $7-billion mariner oilfield until the second half of 2018.

OGCI Pledges to Further Reduce Greenhouse Gas Emissions
Friday, October 16, 2015 The OGCI pledges to further reduce greenhouse gas emissions in an attempt to limit global average temperature rise to two degrees centigrade.

Repsol Significantly Scales Back Upstream Investment
Thursday, October 15, 2015 Repsol will significantly scale back its upstream investment over the next 5 years, according to its latest strategic plan.

Repsol Drilling Delay Adds to Oil Patch Chill in Alaska
Wednesday, October 14, 2015 A restructuring of Repsol's Alaska drilling project is adding to the state's woes in the midst of the biggest oil slump since 2009.

Repsol Drills Dry Well in Norwegian Sea
Tuesday, October 13, 2015 Wildcat well 6306/5-2, located in the Repsol Norge AS operated production license 642, has come up dry.

Document: Spain's Repsol to Cut Workforce by 6% in Next 3 Years
Thursday, October 01, 2015 Spain's Repsol plans to cuts its global workforce by six percent over the next three years, according to an internal document seen by Reuters.

BG Acquires Repsol's Newfoundland Interests
Monday, September 28, 2015 BG Group acquires 3 non-operated positions offshore Newfoundland, Canada, from Repsol.

Repsol Streamlines Non-Strategic Asset Base, Sells CLH Stake
Friday, September 25, 2015 Repsol reaches an agreement to sell its 10% stake in Compania Logistica de Hidrocarburos to Ardian, for $362 million, as part of a program that is designed to streamline its non-strategic asset portfolio.

Repsol Said to Consider Options for Its Gas Natural Stake
Thursday, September 24, 2015 Repsol is exploring options including a sale of part or all of its stake in Gas Natural SDG SA to shore up its balance sheet amid low oil prices, according to people familiar with the matter.

Spain's Repsol Says to Maintain Capex Thanks to Talisman
Thursday, July 30, 2015 Spain's Repsol will maintain exploration capex at around $4.5 billion this year and next thanks to its takeover of Talisman.

Repsol Starts Production at Giant Perla Field Offshore Venezuela
Monday, July 06, 2015 Repsol begins production from the first producing well on its giant Perla gas field in the Gulf of Venezuela.

Norway Rig Workers Agree Wage Deal, Avoid Strike
Thursday, June 25, 2015 Norwegian offshore oil rig workers sign a new wage deal, avoiding a strike that could have cut energy production.

Repsol Confirms Production Rates at Q-8, Q-301 Wells in Alaska
Tuesday, June 02, 2015 Repsol confirms crude production rates at two wells in Alaska's North Slope region, following the completion of tests.

Repsol's Profit Jumps but Underlying Trends Disappoint
Thursday, May 07, 2015 Spain's Repsol sees a 74-percent in its first quarter net profit but its operating performance falls below analysts' expectations.

Spain's Repsol Expects to Close Talisman Acquisition on May 8
Thursday, April 30, 2015 Spanish oil firm Repsol expects to close the acquisition of Canada's Talisman Energy on May 8.

GDF Suez Says Natural Gas Discovery Made in Southeast Algeria
Monday, April 20, 2015 France's GDF Suez says partner Repsol has found gas in southeast Algeria.