Spain's oil giant Repsol said on Thursday that it swung back to profit in the third quarter as the company reduced costs to adapt to a slump in oil prices which has hit production revenues.
Spain's oil giant Repsol said on Thursday it had lost €1.2 billion ($1.4 billion) last year after putting aside nearly three billion euros in special provisions for a plunge in crude prices.
Spanish oil giant Repsol said on Thursday it swung into the red in the third quarter due to lower oil prices and one-off provisions caused by its decline in North America.
Spanish energy giant Repsol on Friday abandoned a controversial oil and gas exploration off the Canary Islands
saying it only found small deposits that were not worth drilling.
Spanish oil firm Repsol said on Tuesday it has agreed to buy its struggling Canadian rival Talisman for $8.3 billion (€6.6 billion), a deal that extends its global reach two years after it was forced out of Argentina.
Protesters plunged half-naked into the icy sea and unfurled banners Saturday to try to stop oil prospecting near Spain's Canary Islands, a major tourist destination.
Three in four residents of Spain's tourist-dependent Canary Islands oppose oil prospecting in waters off the coast of the Atlantic archipelago, a poll published on Monday shows.
UPDATED: Spain said on Wednesday it impounded a Greenpeace ship because the crew defied orders to leave a restricted zone where they were protesting against oil exploration off the Canary Islands.
Spanish energy giant Repsol on Tuesday started prospecting for oil in the waters off the Canary Islands if the weather permits, a company spokesman said, despite objections from environmentalists and the local government.
Authorities in Spain's Canary Islands on Thursday called a popular vote on a controversial plan to drill for oil and gas off the major tourist destination.
The President of the Canary Islands is threatening to break off diplomatic ties with Spain's central government while asking islanders to take part in an "illegal" referendum over the islands' controversial oil and gas drilling plans, green-lighted by Prime Minister Rajoy.
Spain's energy ministry on Wednesday released details of a controversial deal allowing oil giant Repsol to begin exploring for oil and gas off the Canary Islands, despite fierce opposition from environmental groups and the regional government.
Nearly 200,000 German speakers have signed a petition against highly controversial Spanish plans to carry out oil drilling off the coast of the Balearic Islands.
The environment group WWF is calling for the creation of a whale sanctuary off the Canary Islands after Spanish energy giant Repsol announced recently it wants to start exploratory drilling for oil and gas in the region in October.
Spain "can't afford the luxury" of not drilling for oil and gas off the coast of the Canary Islands, the country's Industry Minister has said, despite strong opposition to the plans from local politicians and green groups.
An oil spill thought to have been caused by a passing ship has destroyed over a kilometre of coastline on the Spanish island of Gran Canaria, just weeks after Spain announced it would allow gas and oil drilling off the Canary coast.
The Spanish government on Thursday gave oil giant Repsol the green light to explore for oil and gas off the coast of the Canary Islands, a move environmental groups described as "unjustifiable".
Spanish energy giant Repsol said on Wednesday it has sold most of its remaining 12-percent stake in former Argentine subsidiary YPF for $1.26 billion (€900 million), two years after control of the unit was seized by Buenos Aires.
Argentina's lower house of Congress approved a deal on Thursday to compensate Spanish oil giant Repsol with $5 billion (€3.6 billion)in bonds for the 2012 seizure of its subsidiary YPF.
Spanish oil giant Repsol said on Friday its shareholders had approved a deal to accept $5 billion in compensation from Argentina for the country's seizure of its subsidiary YPF.
Spanish oil giant Repsol said on Tuesday it had agreed to accept a €3.6 billion ($5 billion) compensation package from Argentina for the country's controversial seizure of its subsidiary YPF.
Spanish oil group Repsol announced on Thursday that it has completed the sale of its liquefied natural assets to Royal Dutch Shell for $4.1 billion (€3 billion), slashing its heavy debt load.
A campaign against plans to drill for oil off Spain's Canary Islands has united politicians, environmentalists and personalities including the mother of Hollywood star Javier Bardem, a native of the archipelago.
Argentina, Spain and Mexico have agreed to negotiate a deal on Buenos Aires' 2012 nationalization of Repsol's stake in YPF, the Economy Ministry said Monday.
Lanzarote's town hall is rallying public opposition against Repsol's plans to explore for oil 40 kilometres off the island’s coast after the Spanish multinational admitted there was a “moderate” risk of a spill.
