The chief executive of Spanish oil company Repsol said on Thursday that the company confirmed its payout outlook despite a significant decline in third-quarter profit.
REPYY pauses green hydrogen projects in Spain due to unfavorable regulatory regime: Discover the uncertainties of clean energy.
Spanish oil major Repsol has put on hold planned green hydrogen projects in Spain with an electrolysis capacity of 350 megawatts (MW) due to an unfavourable regulatory environment, a spokesperson told Reuters on Monday.
BKR and Repsol are advancing AI-powered workflows via the Leucipa solution, aiming to optimize production, improve efficiency and lower carbon emissions in the oil and gas sector.
REPYY currently holds a 30% operating interest and serves as the operator of Block 29. The company is expected to increase its stake to 46.67%.
Spanish oil company Repsol has called off the sale of its Norwegian unit, Repsol Norge AS, according to three sources with knowledge of the negotiations.
Repsol, a Spanish oil and gas firm, offers ~7% dividend yield and new growth projects in the U.S. and Mexico. The company is heavily investing in renewable energy projects, with plans to reach 1500 stations with 100% renewable diesel availability by 2025. Despite risks like delayed project productivity and low energy prices, Repsol's aggressive shareholder remuneration policy and discounted valuation make it a Buy.
Repsol (REPYY) plans to leverage Honeywell's (HON) advanced technologies to transform waste materials like fats, oils, greases, biomass and solids into biofuels and advanced chemicals.
Repsol plans to buy back an additional 20 million outstanding shares, the Spanish oil company said on Wednesday, after higher oil prices helped it beat second-quarter profit expectations.
Repsol (REPYY) and NEO Energy are yet to provide an update on their potential merger. However, as per sources, both parties are engaged in extensive discussions and may make an announcement soon.
Spain's Repsol is in talks to merge its UK North Sea oil and gas business with private equity-backed NEO Energy, three industry sources said, the latest consolidation effort by companies that operate in the basin amid greater tax pressures.
Spanish oil major Repsol plans to sell a minority interest in its Eagle Ford shale assets in South Texas, in a deal that could value the assets at up to $2 billion, three sources familiar with the talks told Reuters.