Rioja Bidco Shareholdings, a subsidiary of private equity company CVC, is the buyer, Reuters reported.
Early reports did not specify when the deal is expected to close or how the company will use the proceeds. Analysts interviewed by Reuters and other media suggested that Repsol could invest more heavily in renewable energy, buy back shares or compete in retail energy markets.
The World Bank has granted Namibia a $138 Read More
PetroVietnam exploration arm PVEP has announced two oil finds with combined initial reserves of 100 Read More
Air Products’s LNG liquefaction equipment deployed on Coral Sul FLNG in Mozambique has successfully passed its performance test, Air Products… Read More
Saudi Aramco has awarded a USD 1 Read More
Singapore’s Seatrium has secured a topside integration project for the FPSO Errea Wittu from Offshore Frontier Solutions, a MODEC Group… Read More
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
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