Repsol News

 

Repsol Q1 Net Profit Rises 5.4%

Apr 29, 2021

Spain's Repsol beat first-quarter net profit expectations on Thursday as higher oil and gas prices offset thinner refining margins.Stronger upstream earnings from extracting oil and gas balanced much weaker downstream results as the pandemic sapped demand for fuel…

Emerson Moves Repsol's Exploration Data to the Cloud

Apr 14, 2021

Emerson, industry digital transformation solutions provider, said Tuesday it has successfully migrated Spanish oil company Repsol's exploration data - some 90 terabytes - to the cloud. Cloud capabilities enable companies to securely store the data that powers vital analytics…

Repsol Posts to Second Straight Annual Loss but Q4 Income Cheers

Feb 18, 2021

Spanish energy group Repsol posted on Thursday forecast-beating fourth-quarter adjusted income, pushing its shares up even though write-downs on the value of oil and gas assets dragged it to a second consecutive annual net loss. Curbs on mobility…

Repsol Sinopec, TechnipFMC, Petrofac in Subsea Tie-Back Alliance

Feb 15, 2021

UK-based oil and gas firm Repsol Sinopec has teamed up with oilfield services companies TechnipFMC and Petrofac to create an alliance that seeks to maximize the recovery of oil and gas from the UK Continental Shelf (UKCS) using existing infrastructure…

Repsol Picks Stena Drilling Rig for Mexican Ops

Sep 22, 2020

Spanish oil firm Repsol has awarded a drilling contract to offshore drilling contractor Stena Drilling for a drilling campaign in Mexico.Stena Drilling said Monday that it had signed a contract with Repsol after a competitive tender exercise…

Norway's Yme Field Start-up Could Face More Delays

Aug 14, 2020

Production start-up from Repsol-operated Yme oil field in the North Sea offshore Norway might be delayed further, Repsol's Polish partner Lotos said.First, Repsol had in February said that the start of production would be delayed until the second…

Yme Start-Up Moved for 2021 as COVID-19 Delays Maersk Inspirer Works

May 28, 2020

The article originally titled 'Yme Start-up Date Uncertain as COVID-19 Delays Maersk Inspirer Works' has been updated to include a statement by the Repsol spokesperson who has confirmed the start-up is now expected in 2021.Spanish oil firm Repsol…

Repsol Given Green Light to Use Maersk Inspirer at Yme

May 19, 2020

Spanish oil company Repsol has been given a green light to use the Maersk Inspirer jack-up rig at the Yme field, in the North Sea, offshore Norway.The consent, granted by the Petroleum Safety Authority Norway, to connection, completion, and…

Repsol Warns of Coronavirus Uncertainty after Profit Slump

May 05, 2020

Spain's Repsol reported a 28% fall in first-quarter profit on Tuesday, becoming the latest oil and gas company to show the deep damage done to its balance sheet by the coronavirus laying waste to energy demand.Oil prices fell 65% in the period…

Repsol Sinopec Resources UK Names New CEO

Apr 01, 2020

UK North Sea-focused oil company Repsol Sinopec Resources UK Limited has appointed Jose Luis Muñoz as its Chief Executive Officer, effective April 1, 2020.Muñoz replaces Bill Dunnett, who had been in the CEO since 2015. Repsol Sinopec said Dunnett…

Repsol Sinopec to Remove Buchan & Hannay Subsea Infrastructure

Mar 13, 2020

UK oil and gas operator Repsol Sinopec has filed a draft decommissioning plan for subsea infrastructure at Buchan & Hannay fields in the North Sea.The Buchan Alpha Floating Production Unit (FPU) ‘off station’ activities were completed in August 2017 with the sailaway of the platform…

Another Delay for Yme Field Start-Up

Feb 13, 2020

The start of production at Repsol's Yme oilfield, the group's largest project off Norway, will be delayed until the second half of 2020 as preparations take longer than expected, the Spanish energy firm confirmed on Thursday. Repsol, which holds…

Tanjung Offshore Bags 5-Year Repsol Contract

Jan 14, 2020

Spanish oil firm Repsol has hired Malaysia's Tanjung Offshore services for offshore work in Malaysia and Vietnam.Tanjung Offshore, a subsidiary of T7 Global, will provide maintenance, construction, and modification services at Repsol's PM3-CAA block located between Malaysia and Vietnam…

Repsol Sees Yme Start-up in H1 2020

Sep 11, 2019

Spain's Repsol believes it can start producing oil at the Norwegian Yme oilfield in the first half of next year, a partner in the field said on Wednesday.'Repsol, the operator of the field, is confident that Yme could start production in the first half of 2020…

Repsol Sinopec Extends Petrofac North Sea Gig

Sep 05, 2019

Petrofac, a provider of oilfield services to the international oil and gas industry, has been awarded a major contract extension in support of Repsol Sinopec Resources UK Limited’s North Sea operations.The Jersey-based energy services firm said…

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