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.
Repsol (REPYY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Repsol (REPYY) awards the FEED contract tender for Kali Berau Dalam gas field development to Synergy Engineering. The project is advancing per schedule, according to SKK Migas.
Spanish energy company Repsol is seeking to sell a stake in an 800 megawatt (MW) U.S. renewable asset portfolio, newspaper Expansion reported on Tuesday, citing unidentified sources in the renewable market.
State-controlled oil company Saudi Aramco is interested in buying a minority stake in the renewable unit of Spanish oil company Repsol , newspaper Expansion reported on Friday, citing unidentified market sources.