Link Securities | The International Court of Arbitration of the International Chamber of Commerce (ICC) has ruled against Repsol (REP) in the arbitration it brought against Venture Global for breach of liquefied natural gas (LNG) supply contracts, according to Bolsamanía.”The award issued by the arbitration tribunal found that Venture Global Calcasieu Pass, an indirect subsidiary of Venture Global, had acted as a “reasonable and prudent operator in accordance with the…

Bankinter | Repsol (REP) has almost 15% of its global oil reserves (for extraction, in the form of concessions) and 12% of its production in Venezuela, the country with the largest proven reserves in the world, approximately 17% of the total. Before the arrival of the Chavista regime, daily oil production in the country was 3.5 million barrels, compared to the current 0.9 million out of a total of 103…

CdM | Repsol (REP) has reached a new milestone in its transport decarbonisation strategy, with 1,500 service stations supplying 100% renewable Nexa Diesel in Spain and Portugal. Specifically, 1,429 are located in Spain and 71 in Portugal, thus meeting the target set in the updated 2024-2027 strategic plan. With this advance, Repsol has positioned itself as the most important network in Europe for 100% renewable fuels. So far this year,…

Renta 4 | Repsol has reportedly reached a new agreement with the Stonepeak fund to transfer a 43.8% stake in its Outpost solar project (629 MW) in Texas, US. The sale price amounts to €252.5 million, which values 100% of the asset at approximately €775 million in EV, including approximately €200 million derived from the monetisation of production tax credits received by the project. Outpost (629 MW) began operating in…

Banco Sabadell | According to press reports, Repsol is in talks with TotalEnergies to create the largest upstream platform in the North Sea, integrating assets in UK waters. The operation would be structured through Neo Next, the joint venture between Repsol (45%) and Neo Energy (55%), in which TotalEnergies would take a minority stake. The aim is to increase production capacity and generate synergies of more than $1 billion (€862…

Link Securities | The energy company has succeeded in getting the National Court to uphold part of its arguments, which has allowed it to avoid paying a large part of a claim of more than €100 million from the Treasury, according to legal sources close to the case, as reported today by the newspaper Cinco Días. Specifically, Repsol opposed a ruling by the Central Economic Administrative Court (TEAC), which dismissed…