Repsol

Spanish economy 31st January 2025

Repsol approves €800 million investment in Tarragona Ecoplanta, first in Europe to manufacture renewable and circular methanol from waste

Link Securities | Repsol’s Board of Directors on Wednesday gave the green light for investment in the Ecoplanta, a pioneering project in Europe to transform urban waste into renewable fuels and circular products, becoming a solution for reducing CO2 emissions in transport, while at the same time promoting the circular economy. The facility, which will be located in Tarragona and in which more than 800 million euros is expected to…

Spanish economy 28th January 2025

Repsol plans to enter data centre business with project worth around €4,000 million and 400+ MW

Renta 4 | According to press reports, Repsol is preparing a new leap in its diversification process, with the entry into the data centre business with a project of just over 400 MW. The plan is to be developed in Escatrón, Zaragoza, where it will take advantage of the land, electrical installations and water supply it currently has in the area, which now houses a combined cycle power plant it…

In Europe 23rd January 2025

Repsol and Italian EVO Auto to jointly promote use of LPG as alternative and ecological fuel

Link Securities | The Spanish company and EVO Auto, the car brand of the Italian group DR Automobiles, have signed a framework collaboration agreement in Spain to promote the use of liquefied petroleum gas (LPG), as reported by both companies through a joint statement, Expansión reported yesterday. Thanks to this alliance, Repsol and EVO Auto are committed to promote the use of LPG as an alternative and environmentally friendly fuel,…

In the World 20th January 2025

Unlike BP, Shell, or Exxon, Repsol’s refining margin improves in 4Q24 to $4.8/b

Norbolsa | Repsol (REP) published its trading statement for 4Q24 on Wednesday at the close of the market. The production figure for Q4 (554 k b/d) was similar to that of Q324 and 7% lower than in Q422, with the maintenance of Brazil being offset by higher production in Libya. On a yearly basis, production stood at 571 k b/d, at the lower end of its target range for the…

In the World 13th January 2025

New US sanctions on Russian oil could lead Repsol to scale back buyback programme

Morgan Stanley | Our analyst Martijn Rats notes that the US has gone further than expected on new sanctions on the Russian oil industry, which has driven up downside risk to oil supply, at least temporarily. This has led the strategist to slightly increase his forecast for Brent to $77.5/bbl in 1Q25 (vs. $72/bbl previously) and $75/bbl in 2Q25 (vs. $70/bbl previously). In this context, it is worth noting once…

Companies, In the World 2nd January 2025

Ecopetrol reaches agreement to acquire Repsol’s 45% stake in CPO-09 oil well

Alphavalue/DIVACONS | The oil company’s CEO, Jose Jon Imaz, criticised the government for “settling regulatory and fiscal policies in a bazaar” and urged to “raise our voices against the tax on energy companies”, assuring that it is “making investment in Spain impossible”. In other news, as we read on Monday in elEconomista, Ecopetrol has entered the sale of 45% of the Colombian oilfield CPO-09, which Repsol held in the country…

In Spain 18th December 2024

Spain: PNV refuses to support extraordinary tax on energy companies

Reconciling the support of center-right nationalist parties, such as the Basque Nationalist Party (PNV) or Junts per Catalunya (the party of the fugitive Puigdemont), with that of extreme left parties (Podemos, Sumar…) was possible a year ago, to elevate Pedro Sánchez to the presidency of the Government despite having lost the elections. Spain has never had a weaker government, more willing to stay in power by making the necessary concessions…

In the World 26th November 2024

Repsol ‘still awaiting’ solution to possible extension of tax on energy companies

Alphavalue / Divacons | Luis Cabra Dueñas, deputy general director of the oil company, said that the energy transition plans in Spain ‘are still awaiting’ the resolution on the possible extension of the energy tax. It is a ‘question of economic reality’, he said. ‘Repsol has energy transition plans in its refineries and in the renewable electricity generation sector worth billions over the next few years. If part of the…

In Spain 21st November 2024

First lawsuit for greenwashing in Spain: Iberdrola accuses Repsol of “misleading advertising”

Iberdrola and Repsol face each other today in Santander Commercial Court number 2 in the oral hearing following the lawsuit filed by the electric company against the oil company for “unfair competition” and “misleading advertising.” This will be the first trial between companies for greenwashing in Spain. Iberdrola is asking for some of Repsol’s campaigns to cease, but not for damages.The trial will take place in the city of Santander…

In Spain 22nd October 2024

Repsol halts investment in Spain due to ‘tax hike’ of 1.2% on revenue

Repsol stands firm against the ‘tax hike’ on energy companies (and banks) that the government has announced it wants to make permanent. As a result, Repsol is putting on hold investments for projects amounting to around €1.5 billion, which would affect the group’s portfolio projects in the Basque Country, Tarragona (Catalonia), Cartagena (Murcia), and A Coruña (Galicia). A year ago, its CEO, Josu Jon Imaz, warned that he was leaving…

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