Repsol Stock News

MEXICO CITY--(BUSINESS WIRE)--Orbia Advance Corporation, S.A.B. de C.V. (BMV: ORBIA*) (“the Company” or “Orbia”) today announced that yesterday, the Amsterdam District Court dismissed two major lawsuits against Orbia and its Vestolit GmbH affiliate (“Vestolit”) in the Dutch Ethylene Damages Litigation. The court issued rulings in two cases—one brought by a Dutch Stichting (foundation) represent...

Venezuela's oil ministry has told partners of state energy company ​PDVSA that it will maintain ‌the July 28 deadline it had set to migrate oil and gas contracts ​to a new legal framework ​approved in January, rushing executives ⁠to complete the negotiation of terms, ​three sources close to the ​talks said.

Repsol has no assets in the Middle East, and so has seen production broadly unaffected by the war this year.

Spanish energy company Repsol said on Thursday its second-quarter ​adjusted net profit more than ‌tripled from the same period last year, helped by stronger refining margins ​and higher oil prices.

Refiners and oil-producing firms in the U.S. and elsewhere are gaining market share in Venezuela's crude as they sign direct contracts with ​state-run PDVSA, challenging the global traders that inked earlier deals with the government of interim President Delcy Rodriguez.

Repsol seeks to expand its projects in Venezuela ​by incorporating the Horcon oilfield into its portfolio, ‌the Spanish energy producer said on Thursday, having signed agreements with Venezuela's government this week.

Venezuela's state oil ​company PDVSA ‌and Spanish energy group ​Repsol have ​signed an agreement ⁠to increase ​crude oil ​and gas production, Venezuela's state ​television reported ​on Tuesday.