Repsol

A partnership led by Spain’s Repsol SA has clinched a contract with Texas officials to store carbon emissions offshore Corpus Christi in an area that covers more than 140,000 gross acres of pore space. According to the project sponsors, the offshore carbon capture and storage (CCS) project would be near more than 35 million metric…

A roundup of news and commentary from NGI’s LNG Insight Energy Transfer LP is looking to select an engineering, procurement and construction contractor by the end of June for its Trunkline Pipeline system project intended to feed Lake Charles LNG, the company reported in a recent filing to the Federal Energy Regulatory Commission. The project…

Repsol SA has scrapped plans to export LNG from the Saint John import terminal in New Brunswick because of a lack of natural gas supplies and the costs to move it to the facility. The company stated that it would shelve the plan to tap into European demand after a feasibility study confirmed that tolls…

An Atlantic Canada utility has challenged the plan by Repsol SA to convert its New Brunswick arm, Saint John LNG Development Co. (SJLNG), from an import site into an export terminal for energy-starved Europe. Nova Scotia gas distributor Eastward Energy Inc. has urged the Canada Energy Regulator (CER) to require an east coast market review…

Private equity giant EIG is gaining a bigger foothold in the world’s natural gas and oil projects after clinching an estimated $4.8 billion agreement to acquire a 25% stake in Repsol SA’s new upstream company. Repsol Upstream, 70% weighted to natural gas, has been formed as the supermajor’s exploration and production (E&P) company. It would…

Several years after the proposal was shelved, Repsol SA may revive a plan to export natural gas from its Atlantic Canada LNG import terminal. The Spanish-based energy major’s executive team discussed the potential to move liquefied natural gas (LNG) from Atlantic Canada to overseas markets during the second quarter earnings call. “We have met authorities…

Repsol SA has agreed to purchase liquefied natural gas (LNG) from Venture Global LNG Inc.’s Plaquemines export project in Louisiana.  The Spanish-based energy major agreed to the deal in January. Repsol would take 18.25 Bcf of LNG over three years, according to a filing with the U.S. Department of Energy. Initial construction activities started in…

Repsol SA is bolting on acreage in the Marcellus Shale after successfully bidding for 43,000 net acres in Northeast Pennsylvania in a bankruptcy auction. The Spanish energy company has agreed to pay $222 million, including $2 million in debt, for Rockdale Marcellus LLC’s assets in Tioga, Lycoming and Bradford counties, according to court documents. The…

Spanish energy major Repsol SA is the sole owner of Canada’s only liquefied natural gas (LNG) import terminal after it purchased Irving Oil Ltd.’s share in the project. Repsol, which previously a  held 75% stake in the terminal, added Irving’s 25% interest in the disused Canaport LNG terminal at St. John, New Brunswick. The value…