Repsol stands firm against the ‘tax hike’ on energy companies (and banks) that the government has announced it wants to make permanent. As a result, Repsol is putting on hold investments for projects amounting to around €1.5 billion, which would affect the group’s portfolio projects in the Basque Country, Tarragona (Catalonia), Cartagena (Murcia), and A Coruña (Galicia). A year ago, its CEO, Josu Jon Imaz, warned that he was leaving...

Renta 4 | Two 520 MW ConnectGen/Repsol photovoltaic parks have been prequalified for commissioning in conjunction with the New York Power Authority (NYPA), the country’s largest state-owned utility, according to press reports. The first farm will be located in central New York State and will have 250 MW of generating capacity and is expected to be operational by the end of next year. The second will be located in the...

Renta 4 | The company has bought an additional 16.67% in Block 29 of the Salina Basin, in the Gulf of Mexico, thus reaching 46.67%. Repsol was the first company to make a deepwater hydrocarbon discovery in this area in 2020, and is currently carrying out preparatory activities for the development of its Polok and Chinwol oil discoveries, which are expected to come on stream around 2028. Both wells confirmed...

Link Securities | The Spanish oil company has cancelled the sale of its Norwegian business, so the firm discards an operation that was valued at approximately $1,000 million after six months looking for a buyer, according to Reuters. The sources consulted by the British agency assure that the firm is now focused on selling other assets, while it plans to merge its operations in the North Sea with NEO Energy....

Link Securities | Repsol (REP) has signed a partnership with Honeywell to create new production pathways for biofuels and circular materials, according to BolsaMania. The two companies will also explore the possible integration of these methods into Repsol’s existing facilities. They plan to expand and commercialise Honeywell’s technologies for the production of renewable chemicals and fuels at REP’s refineries. They aim to produce different biofuels, including sustainable aviation fuel (SAF)...

Link Securities | The Libyan National Oil Corporation (NOC) confirmed on Tuesday the reduction in crude oil production due to a blockade by protests at the Sharara oil field, the most important in Libya operated by the Spanish company Repsol (REP), as elEconomista reported. The social leader of the Libyan region of Fezán, Bashir Sheikh, who has claimed responsibility for blockades in the past, disassociated himself two days ago from...