EIG Global Energy Partners is in early talks with Repsol to acquire part of the Spanish company’s oil and gas exploration and production activities, three knowledgeable sources told Reuters. The American fund seeks to acquire up to 25% of the so-called upstream activities, the sources stressed, in an agreement that will give the Spanish group […]
Tag: Repsol
Reuters: US gives green light to transport Venezuelan oil to Europe
Two European oil companies, the Italian ENI and the Spanish REPSOL, are expected to start transporting oil from Venezuela to Europe in July to cover quantities that will disappear from the European market due to the embargo on Russian oil, the agency said. Reuters news sources five updated on. The oil shipment to pay off […]
Repsol: Returned to earnings in the fourth quarter
Repsol announced that it returned to profit in the second quarter of last year, and reached a pre-pandemic level in terms of results and cash flow. The Spanish energy company announced a net profit of 560 million Euros compared to the losses of 711 million Euros a year ago. On an adjusted basis, net profit […]
For the second time, an investigation is launched against the president of Repsol for espionage
Spain’s Supreme Court on Monday placed Antonio Brufau, president of the oil company Repsol, and Isidro Faine, former president of the Spanish Caixabank, under formal investigation for the second time as part of a spying case, Reuters reported. Judge Manuel Garcia Castellon last year rejected an investigation into Brufau, Faine, Repsol and Caixabank, but three […]
Repsol launches its ‘profitable decarbonisation’: it will invest 5.5 billion in ‘green’ from crude oil
Repsol has presented its new 2021-2025 strategy with which it intends to accelerate its transformation towards a more sustainable business model without losing sight of profitability. With this objective in mind, the group will invest in the next five years a total of 5.5 billion euros in renewable energy to double its generating power to […]