Repsol – Oil & Gas 360

Washington tells Repsol its license in Venezuela to be revoked

March 31, 2025

(BOE Report) – U.S. authorities have notified Spanish oil company Repsol that its license to export oil from Venezuela is to be revoked, a company spokesperson said on Monday, while Spain’s foreign minister promised to defend Repsol’s interests. President Donald Trump’s administration told Repsol it had until May 27 to wind down its operations in the Southern American country, the spokesperson added.

Ecopetrol acquires Repsol’s onshore Colombia asset to increase production by 7,000 bopd

December 31, 2024

(World Oil) – Ecopetrol S.A. announces that they have successfully concluded negotiations with Repsol to acquire the remaining 45% of its stake in block CPO-09, located in the Meta department. With this transaction, Ecopetrol becomes the sole owner of this strategic asset in the Piedemonte Llanero. This block is located in the municipalities of Villavicencio, Acacías, Guamal, Castilla La Nueva,

GeoPark announces plans to acquire Repsol upstream assets in Colombia

December 2, 2024

(World Oil) – GeoPark has announced the signing of Sales and Purchase Agreements (SPAs) with Repsol Exploración S.A. and Repsol E&P S.A.R.L to acquire Repsol upstream oil and gas assets in Colombia. The potential acquisition would incorporate high-quality assets located in the prolific Llanos Basin, one of Colombia’s most productive oil regions where GeoPark is already a well-established operator both

Energy major Repsol halts green hydrogen projects in Spain

October 21, 2024

(Oil Price) – Spanish energy giant Repsol has decided to pause green hydrogen development projects in its home country, citing an unfavorable regulatory regime with the idea of a permanent windfall tax on energy companies, a spokesperson for Repsol told Reuters on Monday. The Spanish firm has a pipeline of 350 megawatts (MW) of electrolysis capacity for green hydrogen projects across Spain, but

Repsol explores sale of minority stake in South Texas oil assets, sources say

June 28, 2024

BOE Report Spanish oil major Repsol plans to sell a minority interest in its Eagle Ford shale assets in South Texas, in a deal that could value the assets at up to $2 billion, three sources familiar with the talks told Reuters. The sources said Repsol has hired Scotiabank to assist with the process, and aims to bring in a partner or

The duo atop the biggest and most contentious US LNG exporter

June 11, 2024

BOE Report U.S. liquefied natural gas (LNG) exporter Venture Global LNG this year became one of the country’s largest producers of the superchilled gas and the industry’s most contentious supplier, facing contract claims by six customers. The duo who founded the company, co-chairs Michael Sabel and Robert Pender, have turned the booming business upside down through strong contracts, good timing

Repsol, Eni discussing new Venezuelan oil terms amidst Guyana dispute

December 7, 2023

World Oil (Bloomberg) – Venezuela is in advanced talks on new deals with European energy majors Repsol SA and Eni SpA as the Andean nation seeks to reassert itself as a global oil producer after the U.S. eased sanctions. The Spanish and Italian companies are hammering out contract terms between their oil ventures and state-owned Petróleos de Venezuela SA, according

Oil heavyweights Chevron, Repsol, Eni to benefit from Venezuelan sanctions relief

October 23, 2023

World Oil (Bloomberg) – Venezuela has an opportunity to resuscitate the linchpin of its economy — oil — now that U.S. sanctions have been relaxed. The surprise move on Oct. 18 allows international companies to apply the full weight of their expertise and technology to crude fields and infrastructure that atrophied amid years or underinvestment, civil turmoil and international isolation. Here’s

Eni, Repsol to receive natural gas export licenses in Venezuela

May 15, 2023

World Oil (Bloomberg) – Venezuela plans to issue a license next month to Italy’s Eni SpA and Spain’s Repsol SA to export natural gas, said Pedro Tellechea, the nation’s oil minister and head of state-run Petroleos de Venezuela SA. The country already signed an agreement with the European energy giants on May 5 that allows for the export of natural

BHP approves funding for Shenzi North, Trion oil projects in Mexico

August 6, 2021

Nasdaq Global miner BHP Group BHPB.L, BHP.AX said on Friday it would spend $544 million to develop its Shenzi North oil project in the Gulf of Mexico, and approved advancing its Trion oil project in Mexico into the design and engineering phase. BHP, which is the operator of Shenzi North and holds a 72% stake in it, said the project will add

Repsol hires JPMorgan to spin off renewables unit, El Confidencial reports

February 3, 2021

Reuters MADRID – Spanish oil and gas company Repsol has hired JPMorgan as an investment bank to spin off its renewable unit as early as June, Spanish on-line media El Confidencial reported on Wednesday citing financial sources. The Spanish company is considering listing the unit, which could be worth as much as 4 billion euros ($4.81 billion) on the stock

Repsol’s long-term oil price outlook aligns with rivals

July 23, 2020

Reuters LONDON – Spanish energy major Repsol (REP.MC) lowered its oil price LCOc1 assumptions on Thursday, bringing its long-term outlook in line with most European rivals which have booked writedowns and leaving Equinor as a bullish outlier in the sector. Repsol took a writedown of $1.5 billion in second-quarter results, after it had already booked 5.7 billion euros ($6.61 billion)

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