CEPSA Company News

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Abu Dhabi Set to Cash in Cepsa Investment With $11.6 Billion IPO
Wednesday, September 12, 2018 Abu Dhabi is set to cash in significant gains as its Mubadala Investment Co. pushes ahead with an initial public offering for Cepsa.

Total, Shell, Eni Eligible to Bid for New Iran Oil, Gas Projects
Tuesday, January 03, 2017 The National Iranian Oil Company (NIOC) revealed that several European oil and gas companies will be eligible to bid for the country's new oil and gas projects.

Algeria Oil And Gas Output On The Rise
Sunday, June 26, 2016 Algeria's oil and gas output is moving back to growth after years of stagnation.

CEPSA Commences Drilling at Tarach-1 in Kenya Block 11A
Friday, April 15, 2016 CEPSA commences drilling at the Tarach-1 well in Kenya Block 11A, according to its operating partner in the country, ERHC Energy Kenya Ltd.

Cepsa Resumes Iranian Oil Supplies to Spain
Wednesday, February 03, 2016 Spanish refiner Cepsa to ship a 1-million barrel cargo of Iranian oil to its refineries, according to vessel agents' data and market players.

Spain's Cepsa Wins Family-Friendly Award
Wednesday, May 13, 2015 Oil firm Cepsa is awarded "family-friendly" status by the Spanish Association for Standardization and Certification thanks to a range of employee-focused policies.

CEPSA Says no Longer Interested in Buying Salamander Energy
Monday, November 17, 2014 A consortium led by Spain's Compania Espanola de Petroleos said it was withdrawing from the bidding to acquire oil firm Salamander Energy, reducing the competition for rival suitor Ophir.

Swala Energy Refers Dispute with CEPSA Over Block 12B to Arbitration
Monday, September 29, 2014 Swala Energy refers to arbitration a dispute with CEPSA Kenya Ltd. in connection with the latter's withdrawal from Block 12B in Kenya.

CEPSA Achieves 'Encouraging Results' from 1st Peruvian Well
Friday, January 24, 2014 CEPSA's first well in Peru, the Los Angeles 1XST well, yields 'encouraging results'.

Report: Japan's Cosmo Oil to Work with Spain's Cepsa
Tuesday, January 21, 2014 Japanese oil refiner Cosmo Oil Co and Spanish oil firm Cepsa have agreed to work together on crude and natural gas development, Japan's Nikkei business daily says.

Coastal Energy Completes Merger With Cepsa's Unit
Monday, January 20, 2014 Coastal Energy discloses that the company's merger with Cepsa's unit Condor Acquisition has been successfully completed.

CEPSA Sells Stake in Colombia Pipeline
Wednesday, December 11, 2013 Spain's CEPSA agrees to sell its share in the OCENSA oil pipeline in Colombia.

Cepsa to Acquire Coastal Energy for $2.2B
Tuesday, November 19, 2013 Cepsa enters into an agreement to acquire Southeast Asian-focused Coastal Energy for $2.2 billion.

Cepsa Looks to Buy Coastal Energy for up to $3B - Reports
Friday, September 20, 2013 Spain's Cepsa is looking to spend up to $3 billion on buying Houston-based Coastal Energy, according to newspaper reports.

CEPSA to Candidates: Grow with Us
Wednesday, May 02, 2012 CEPSA is expanding its worldwide operations, and is looking for people to grow with it.

CEPSA Reports Llanos Basin Discovery
Friday, March 12, 2010 CEPSA and Petrobras, through a consortium in which CEPSA holds a 30% working interest, have discovered oil in the Balay-1 exploration well, located in Colombia's Llanos Basin.

Total-Led Consortium Snaps Up Interest in Algerian Ahnet License
Tuesday, December 22, 2009 Total announced that the consortium it has formed with Partex has been awarded a 49% interest in the Ahnet license, as part of the second bid round held by the Algerian National Oil and Gas Development Agency.

Algeria Gives Green Light for Timimoun Natural Gas Project
Wednesday, October 07, 2009 Total, Sonatrach and Cepsa will jointly operate the Timimoun natural gas project in Algeria, which is now approved for development.

Pan Andean Makes Headway at Peruvian Ucayali Blocks
Thursday, June 18, 2009 Pan Andean Resources has provided an operational update for its Ucayali Blocks in Peru.

CEPSA Awarded 4 New Colombian Blocks
Wednesday, December 24, 2008 CEPSA has been awarded four new Hydrocarbons Exploration & Production contracts located in the Llanos Basin in the central region of Colombia.

Pan Andean Farms-Out Ucayali Basin Blocks to CEPSA
Wednesday, September 24, 2008 Pan Andean announced that CEPSA of Spain and Perupetrol have finalized the legal agreement whereby CEPSA becomes the Operator of Blocks 114 and 131 in the Ucayali area of Peru.

CEPSA Renews Algerian Operating Contract
Wednesday, July 02, 2008 CEPSA has signed a five-year extension of the existing contract with Sonatrach for the RKF field operation in Algeria. The renewal fits into the framework of the PSA for crude oil between CEPSA and Sonatrach for the Berkin Basin in Algeria.

CEPSA Scores E&P Rights for Colombia's Caracara Block
Monday, June 23, 2008 CEPSA has finalized the process to acquire exploration & production rights on the Caracara Block in Colombia. The firm holds a 70% interest in the block, the remaining 30% is held by Colombia's state-owned ECOPETROL.

It's a Duster for Solana at Garibay
Wednesday, June 11, 2008 Solana Resources announced that the Topocho-1 well, testing a structure identified on 3-D seismic and located on the Garibay block in the Llanos Basin, Colombia, has been plugged and abandoned.

CEPSA Acquires Block in Colombia, 40 Million bbls of Oil Reserves
Monday, March 24, 2008 This deal fits into the key targets set out in CEPSA's 2008-2012 Strategic Plan as regards its upstream activities, which earmarks roughly $1,800 million in order to slightly raise the current level of crude oil reserves and production.

CEPSA Signs Farm-In with Pan Andean Resources
Monday, February 25, 2008 CEPSA will eventually assume operatorship of the Blocks and acquire a 60% working interest in Block 114 and a 70% working interest in Block 131, once it has obtained the required regulatory approvals from Perupetro.

Solana Resources to Participate in Garibay Block in Colombia
Monday, December 03, 2007 Solana has entered into a commercial agreement to farmout a 50% interest in the Garibay block, located in Colombia's Llanos basin, to CEPSA Colombia SA.

CEPSA Farms into Loon's Maranon Basin, Block 127 in Peru
Monday, October 29, 2007 CEPSA Peru has agreed to acquire an 80% working interest in Block 127, in the Maranon Basin area of northeast Peru through a farm-in agreement with Loon Peru.

Cepsa Wins Egyptian Exploration License
Tuesday, May 16, 2006 CEPSA has been awarded a new exploration permit after taking part in a licensing round organized by Egypt's state-owned oil company, EGPC (Egyptian General Petroleum Corporation).

Total Announces Gas Discovery in Algeria
Wednesday, May 03, 2006 Total reports that it has made a discovery in the Timimoun gas perimeter in southwestern Algeria. The French major operates the permit with a 63.75% interest alongside state oil and gas company Sonatrach (25%) and Cepsa (11.25%).

Dana Acquires Stake in South Feiran Concession Offshore Egypt
Tuesday, December 20, 2005 Dana Petroleum has signed an agreement with Compania Espanola de Petroleos S.A. ('CEPSA') to acquire a stake in the South Feiran Concession, located in the Gulf of Suez, offshore Egypt.

Cepsa Expands Exploration Activities to Egypt
Monday, February 21, 2005 CEPSA, in association with IEOC, has been awarded an exploration license after taking part in a bid-round organized by the state-owned oil company, Egyptian General Petroleum Corporation (EGPC), in May 2004.

CEPSA Acquires Stake in Colombian Exploration Blocks
Thursday, July 01, 2004 CEPSA, through its affiliate CEPSA COLOMBIA, has signed an agreement with the oil and gas company HOCOL to acquire a 33.33% interest in three exploration blocks located in the Upper Magdalena River Valley, Colombia.

Algerian Output Unaffected by Earthquake
Thursday, May 22, 2003 Algeria's oil exports and key production centers were not affected by Wednesday's earthquake, which measured 6.7 on the Richter scale.

Algeria's Ourhoud Field Achieves Full Production
Wednesday, May 07, 2003 The Minister of Energy & Mines of Algeria, Dr. Chakib Khelil, officially inaugurated the Ourhoud Field. To date, the field’s aggregate output comes to 20 million barrels. Plateau production of 230,000 BOPD was achieved in April.