Spain’s Repsol is flying the coop on the Sandia exploration well off the Canary Islands after the find proved to be very thin, with non-exploitable layers. The Rowan Renaissance. From Rowan. Sandia is located in the Atlantic Ocean…
Spain's Repsol has agreed a deal to buy Canadian exploration and production company Talisman Energy for US$8.3 billion plus debt - amounting to the largest international deal by a Spanish company in five years. The deal, which had been rumored for some months…
Repsol encountered high quality oil at the ultra deepwater well León, in the Keathley Canyon 642 block located in the US Gulf of Mexico. Map from Repsol. At León, located 352km from the Louisiana coast…
Deep Sea Mooring (DSM) has secured a contract to provide a range of mooring services for Repsol's drilling operations on the Norwegian Continental Shelf. Under the contract, DSM will provide marine engineering services and deliver the mooring equipment…
Statoil moved to increase its presence offshore Colombia through two farm-in agreements with Spain’s Repsol, the Norwegian explorer announced on 4 September 2014. Statoil will acquire a 10% stake in the Petrobras-operated Tayrona…
Atlantic Petroleum entered commercial agreement to farm out 6% of its 15% ownership in license PL528 in the Ivory prospect located in the Norwegian Sea to Repsol. The deal is subject to government approval. The Ivory prospect is gas prone…
Spain's Repsol could start drilling offshore the Canary Islands this year after the Spanish government gave the firm the go-ahead. The government's Industry Ministry approved drilling plans by Repsol in a resolution dated 11 August and published today (13 August) in the Official Bulletin…
Repsol announced a new hydrocarbon discovery in the TB14 well at the Teak field, off the southeast coast of Trinidad. The discovery in the northern part of the Teak B field is estimated to contain more than 40MMbo in place, which increases…
Petróleos Mexicanos' (Pemex) Board of Directors unanimously voted to sell its 7.86% stake of Spanish oil company Repsol, the state-owned firm announced 4 June. Pemex expects to net US$900 million as a result of its decision, selling the shares for $27…
Drilling on the deepwater Welwitschia-1 prospect in Walvis Bay, offshore Namibia, might be delayed until the end of May after the wellhead housing “slumped” and issues with the blow out preventer (BOP) control system were discovered. Operator…
Last week, Spain's Repsol sold its remaining 12% stake in Argentine oil giant YPF SA for US$1.25 billion, and YPF's stock price jumped 10%. The Spanish oil company controlled a majority of YPF after it was privatized in the late '90s…
Petrobras Colombia Ltd. will drill the Orca prospect in the Tayrona-1 (Tayrona Occidental) block off Colombia's Caribbean coast in 2Q 2014. The company will move a rig from Brazil to spud the Orca-1 exploration well in water about 600m deep off the Guajira peninsula…
In January, Spain’s Repsol announced a partnership with Netherlands-based Tocardo International, a tidal and freeflow water turbine producer, to develop offshore tidal energy. With backing from Repsol’s New Energy Ventures business, Tocardo aims to enhance its offshore engineering capabilities…
Repsol said its upstream unit was becoming its growth engine after posting a 56% growth in operating income to €2.208 billion compared to a 6.1% drop in the firm’s overall net income.The firm said the increase in upstream business “demonstrated…
Sapinhoá field begins production off BrazilSapinhoá mapCommercial production has begun at Sapinhoá field, Repsol announced on 8 January 2013.The field, run by a consortium of Repsol, Petrobras and BG Group, is located in Block BM-S-9 in Brazil’s pre-salt region…
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