Tag: Repsol

Tuesday, June 25th 2013 - 18:39 UTC
Repsol to consider YPF compensation offer, including stake in shale deposits

Spanish oil corporation Repsol's board is scheduled to consider on Wednesday a non-cash compensation offer from Argentina over the seizure of its majority stake in energy firm YPF, according to the Spanish government news agency EFE.
Thursday, June 6th 2013 - 22:33 UTC
Argentina’s energy imports soar 47% during April propped by gas purchases

Argentina’s energy imports during April soared 47.6% over a year ago reported the government mainly because of massive natural gas purchases for the coming winter. The bill in April climbed to 733 million dollars from 384 million a year ago, while Enarsa the government corporation that has the monopoly of LNG imports spent 438 million this year and 259 million in April 2012.
Monday, June 3rd 2013 - 05:35 UTC
Argentina and Repsol in another clash: this time over board members payments

Argentina's nationalized energy company YPF will sue the head of Repsol SA over accusations that YPF's board members were overpaid when the Spanish oil major held a majority stake in the company, the government said.
Monday, June 3rd 2013 - 05:08 UTC
Argentina’s policy on foreign investments keeping businesses away

Concern over Argentina's erratic policy on foreign investments is pushing regional business entrepreneurs toward caution and or keeping them away from South America’s second largest economy. Argentina nationalized Spanish oil major Repsol's majority stake in local energy giant YPF last year, a move that triggered alarm in the international investor community.
Wednesday, May 15th 2013 - 07:29 UTC
Spain no longer discusses Argentina’s ‘sovereign decision to seek energy sector control”

Spain’s Foreign Affairs Minister José Manuel García Margallo said the Spanish government is no longer “discussing” Argentina’s “sovereign decision to seek energy sectors’ control.” “It could seem to me a mistake, but it is the responsibility” of the Argentine government, García Margallo stated.
Friday, May 10th 2013 - 06:10 UTC
Repsol first quarter profits jumped 38% on the year mainly on higher production

Spains’s Repsol SA said on Thursday its first-quarter profit jumped 38% on the year, mainly due to higher production and refining margins.
Tuesday, March 5th 2013 - 17:00 UTC
Singapore wealth fund boosts Spain’s Repsol, recovering from YPF nationalization

Singapore wealth fund Temasak has bought a 5% stake in Spanish oil group Repsol for just over one billion Euros, raising its total stake in the company to 6.3%, Repsol said in a release. The operation involves the entire portfolio of Repsol treasury stock at 16.01 Euros per share for a total of 1.036 billion Euros (1.35bn dollars).
Wednesday, February 27th 2013 - 01:49 UTC
Repsol sells package of LNG assets to Shell to cut its debt and hold to credit rating

Spanish energy giant Repsol SA said Tuesday that it agreed to sell a package of liquefied natural gas assets to Royal Dutch Shell Plc in a transaction valued at 6.65 billion dollars. Shell will pay 4.4bn in cash and assume 2.25bn in debt, Repsol said in a regulatory filing.
Friday, February 22nd 2013 - 01:17 UTC
Foreign companies don’t have to fear nationalization, if they invest, says Morales

President Evo Morales said on Thursday that Repsol and the other multinational companies operating in Bolivia should not fear nationalization since his government only appeals to that extreme when corporations think in ‘looting’ instead of investing.
Saturday, December 29th 2012 - 06:30 UTC
YPF signs shale gas exploration deals with Pan American Energy and Bridas

Argentina’s nationalized oil and gas company YPF announced on Friday that Pan American Energy, PAE, would be investing 3.4bn dollars in gas production in the next five years while Bridas, belonging to the Bulgheroni brothers said it plans to invest 1.5bn dollars in the development of the non conventional shale deposits in Vaca Muerta.