Repsol

Repsol gasolina

Government plans to intervene in Repsol, Moeve and BP prices if necessary in light of impact of Persian Gulf conflict

Banco Sabadell | In an interview with TVE yesterday, the Minister of Economy, Carlos Cuerpo, stated that the government will be monitoring fuel prices due to the potential impact of rising oil and gas prices in light of the conflict in the Persian Gulf, as price increases are passed on very quickly and decreases very slowly. Carlos Cuerpo referred to the war in Ukraine, saying that they would be prepared…


Repsol

Repsol achieves net income increase of 8% to €1.899 billion in 2025

Adjusted net income stood at €2.568 billion, 15% lower than in 2024. These results were achieved within a complex environment characterized by high volatility in energy markets—which dragged the average price of a Brent barrel down to $69.1 in 2025 (down 14.5%)—growing geopolitical uncertainty, and the impact of the blackout in Spain on April 28th. Portfolio Optimization and Key Geographies During the fiscal year, the company completed its exit from…


repsol refineria exterior

Venezuela plans to grant Repsol and Chevron more oil exploration and production blocks

Link Securities | Venezuela plans to grant more oil exploration and production blocks to Repsol (REP) and Chevron (CVX-US), in a move that is part of the pressure from the Donald Trump administration for private companies to rebuild the country’s energy sector, according to Bloomberg and Bolsamanía. According to the US media outlet, officials in Caracas are ready to award the new blocks as early as this week. The aim…


Repsol

Repsol secures first new exploration licenses in Libya in 17 years

Repsol, in a consortium with the Hungarian firm Mol and the Turkish company TPOC, has been awarded blocks in the first public bidding round for oil and gas exploration held by Libya’s National Oil Corporation (NOC) in two decades. Alongside the Spanish, Hungarian, and Turkish firms, other winners in this auction—which aims to revitalize the African nation’s oil sector—include the Eni-Qatar Energy consortium, as well as the American giant Chevron…


Repsol

US Treasury authorises Repsol and ENI to collect PDVSA’s accumulated debt, estimated at around $6 billion

Alphavalue/Divacons | The new general licence issued by the US Treasury authorises ENI (Reduce, Target Price €18.4/share) and Repsol to collect PDVSA’s accumulated debt, estimated at around $6 billion, through the exchange of Venezuelan heavy crude oil for fuels. After producing gas without receiving direct payments, this measure re-establishes a crucial channel for value recovery, albeit under a stricter US regulatory framework that prohibits the use of Chinese-controlled infrastructure. Given…


Repsol Canada

Repsol to install second large-scale electrolyser at Petronor refinery in Muskiz, Vizcaya

Link Securities | Repsol (REP) will install its second large-scale electrolyser at its Petronor refinery in Muskiz (Vizcaya), according to Bolsamanía. The new 100 MW infrastructure will require an investment of €292 million to be operational in 2029. The electrolyser will have the capacity to produce up to 15,000 tonnes of renewable hydrogen per year, which will be used mainly in the Petronor refinery’s own processes. As part of the…


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International Court of Arbitration of the Chamber of Commerce rules against Repsol in case it brought against Venture Global

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…


Repsol

Repsol Ready to Triple Production in Venezuela

Repsol CEO Josu Jon Imaz has stated that the company is prepared to “invest heavily in Venezuela” and triple its crude oil production in the Caribbean nation to approximately 135,000 barrels per day. According to the company, this goal can be achieved within two or three years if the necessary conditions are met. The executive attended a meeting at the White House with U.S. President Donald Trump, alongside other high-ranking…


repsol refineria exterior

Repsol reportedly asks Trump to allow it to extract oil in Venezuela, even if it has to ship it to US

Alphavalue/Divacons | Repsol (REP) is meeting with the White House to clarify its future in Venezuela, according to a report in Thursday’s edition of the newspaper Expansión. Repsol has reportedly asked Trump to allow it to extract oil as Chevron has done, even if it has to take it to the United States. As we pointed out yesterday, the Spanish oil company is the Spanish company with the greatest economic…


repsol refineria exterior

Repsol likely to benefit from hypothetical regime change in Venezuela

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…