MADRID | By Julia Pastor | Repsol’s Board of Directors will consider a proposal from the Argentinian government according to which Repsol would drop their dispute on YPF without any economic compensation and be given in return some stake of a joint venture company to develop 6% of Vaca Muerta’s field oil and gas reserves.
MADRID | By Julia Pastor | Repsol’s sites in the United States will receive 30% of almost €3 billion total investment, followed by Brazil, which will be assigned 21%.
MADRID | via valenciaplaza.com | Although there have been no agreement in previous occasions, Argentinian commentators describe Fainé as more ‘open-minded’ than Repsol’s president Antoni Brufau, who would favour legal action against the Kirchner government.
MADRID | Repsol has sold its own treasury shares, amounting to 5% of the company’s stock, to Singapore’s Temasek for 1.036 billion euros. Together with existing shareholdings in Repsol, Temasek now owns 6.3% of Repsol’s outstanding shares.
MADRID | Shell will acquire the assets for $4.4 billion in cash and will assume $2.3 billion in financial leases ($1.8 billion) and debt ($0.5 billion in non-consolidated investments.) The deal reduces net debt by more than half (excluding Gas Natural Fenosa) to 2.2 billion euros.
Sapinhoa is one of Brazil’s largest oil fields, with estimated reserves of 2.1 billion barrels of high quality oil. In the next 18 months Repsol’s platform should reach its daily production peak of 120,000 barrels.
The company has been recognised as the energy company with the best environmental performance in 2012. For the second consecutive year, Repsol leads the Green Ranking of the energy sector that evaluates environmental practices of the world’s top 500 major listed companies.
MADRID | Repsol on Thursday said it had reached an agreement with a consortium of Chilean investors, led by LarrainVial, for the sale of 100% of…
MADRID | A total 63.64% of Repsol shareholders opted to be paid the final dividend from 2011 earnings in shares, the Spanish company reported Friday. This…
MADRID | Repsol Sinopec Brasil reported it estimates that Block BM-C-33, in the deepwater Campos Basin, contains resources of more than 700 million barrels of…