Spain’s Cepsa is selling a 25% stake in an initial public offering (IPO) that values the company at around US$11.6 billion, making it one of the largest oil firm flotations in a decade. The company’s owner - Abu Dhabi state investor Mubadala – will list the...
Spanish energy company Repsol (BMAD:REP) has announced an oil reserve of 1.2 billion barrels has been discovered in Alaska, which the firm believes is the largest onshore find in the US in three decades. In a company statement Repsol said the resource could provide production levels...
A group major global oil firms have announced agreement to create a US$1 billion fund to reduce their climate change impact. Announced on the day the Paris climate change agreement came into force last week, the fund will focus on reducing leaks of natural gas, capturing...