Sonatrach has increased its stake in the Medgaz pipeline to 51%, following the completion of a deal with Spain’s Cepsa.
The impact of coronavirus has not been felt as strongly by the gas industry as oil, Rystad Energy’s CEO Jarand Rystad has said, although increasing LNG production seems set to keep prices under pressure this year.
Spanish oil company Repsol more than doubled its net income in the first quarter of 2017 with upstream and downstream improvements as well as a new mega-find in the US.
Amec Foster Wheeler (AFW) has clinched a deal to develop a uranium processing plant in western Spain, the energy service firm said today
LGO Energy said it has completed negotiations for the sale of more than 10,000 barrels of oil stocks in Spain.
Spanish police have arrested a man suspected of being a "financial mastermind" in a corruption network at Brazil's semi-public oil company Petrobras.
Net income at Spanish energy firm Repsol rose 35% to 1.12billion euros in the first nine months of 2016.
An experimental solar-powered plane has left Spain for Egypt on the penultimate leg of its globe-circling voyage.
Repsol has sold its piped gas business in the north of Spain to EDP Group and Gas Extremadura for €136million.
Berkely Energy has revealed it received more than 18,000 applications for the first 200 jobs at its Salamanca uranium development project in Spain.
Repsol SA, Spain’s biggest oil company, is exploring options including a sale of part or all of its stake in Gas Natural SDG SA to shore up its balance sheet amid low oil prices, according to people familiar with the matter. Repsol, whose 30 percent stake in the Spanish natural gas distributor is valued at about 5.2 billion euros ($5.9 billion), is discussing potential deal structures with advisers, the people said, asking not to be identified because the discussions are private. As well as a full or partial sale, which could come as soon as this year, options include selling shares in the market and finding partners to join Gas Natural’s shareholder structure, the people said.
Spain's antitrust watchdog CNMC said on Wednesday it had fined Repsol 22.6 million euros ($24.9 million), and another four franchised companies lesser amounts, for fixing petrol prices in service stations.
Repsol has reached an agreement to buy Talisman Energy in a deal worth an estimated $8.3billion. The move comes after a week of speculation the two companies were in talks once again. Earlier this year Repsol had confirmed it was looking at a potential transaction with the Canadian energy firm. A spokesman said the deal received the unanimous approval of both boards.