Oil (and Repsol), Always a State Affair
MADRID | By Fernando G. Urbaneja and Julia Pastor | Repsol is a “rara avis”, a private and listed firm, with public shareholders and indirectly supported by the Spanish government.
Repsol
Reasons for Repsol to answer no to Argentina’s offer on YPF
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.
US minority shareholders invest €1,5 billion in Repsol
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%.
Will the Kirchner government listen to Repsol about Vaca Muerta?
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.
Repsol recorded higher net income in first quarter of 2013
MADRID | Net income during the first quarter of 2013 rose 1.6% to 631 million euros. These earnings, at current cost of supply, are especially significant as the year-earlier quarter included earnings from YPF.
Three oil discoveries in Alaska for Repsol
Spain’s Repsol operates the discovering consortium with a 70% stake, in association with 70 & 48 LLC, a subsidiary of Armstrong Oil and Gas, (with 22.5%) and GMT Exploration Company (with 7.5%).
Singaporean Temasek increases Repsol stake to 6.3pc
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.
Shell buys Repsol’s LNG at $6.7 billion
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.
Repsol taps one of Brazil’s largest oil fields
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.
Newsweek Green Ranking names Repsol world energy leader
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.