Showing posts with label Energy. Show all posts
Showing posts with label Energy. Show all posts
Aug 19, 2010
May 17, 2010
PetroChina Takes First Steps to Acquire Scotland’s Oil Refinery
www.businessweek.com | March 07, 2010
March 5 (Bloomberg) -- PetroChina Co., the nation’s biggest energy producer, started taking initial steps in its acquisition of Scotland’s only oil-processing plant that would give the Hong Kong-listed company its first European refining operation.
What future for Repsol, if YPF is sold?
www.reuters.com | July 3, 2009 3:55pm
The news that Repsol YPF has been approached by Chinese companies seeking to buy or take interests in the majority of its upstream assets is something of a mixed blessing for the Spanish group.
On the one hand, Repsol has been trying for years to extract itself from the horrible mess of Argentine politics that embroils YPF, and the prospect of a well-funded buyer that is not too concerned about short-term returns coming along to pay a good price for the unwanted business seems like a godsend.
CNPC to bid $17 bln for Repsol YPF's Argentinian unit: report
www.reuters.com | July 2 2009
(Reuters) - China National Petroleum Corp. (CNPC), the country's largest oil company, plans to revive a $17 billion bid for the Argentinian unit of Spanish oil major Repsol-YPF, the South China Morning Post reported on Thursday, citing sources.
CNPC, PetroChina eye Latin American oil holdings
www.chinaeconomicreview.com | April 14 2008
China National Petroleum Corp (CNPC) and its listed subsidiary PetroChina have expressed interest in the US$10 billion-worth of South American refineries and upstream assets which may be put up for sale by Spanish oil company Repsol YPF, the South China Morning Post reported. PetroChina and its state-owned parent, which operate an equal joint venture for overseas acquisitions called CNPC Exploration, have not said whether contact has been made with Repsol. But sources close to the matter say the current US$10 billion sale is a modified version of a US$20 billion deal that CNPC Exploration tried to arrange on two occasions last year, only to see Repsol back out. Repsol, the world's fifth-largest oil and gas company, owns three refineries in Peru and Brazil , has oil and gas development rights in eight South American countries and also distributes natural gas in the region.
China National Petroleum Corp (CNPC) and its listed subsidiary PetroChina have expressed interest in the US$10 billion-worth of South American refineries and upstream assets which may be put up for sale by Spanish oil company Repsol YPF, the South China Morning Post reported. PetroChina and its state-owned parent, which operate an equal joint venture for overseas acquisitions called CNPC Exploration, have not said whether contact has been made with Repsol. But sources close to the matter say the current US$10 billion sale is a modified version of a US$20 billion deal that CNPC Exploration tried to arrange on two occasions last year, only to see Repsol back out. Repsol, the world's fifth-largest oil and gas company, owns three refineries in Peru and Brazil , has oil and gas development rights in eight South American countries and also distributes natural gas in the region.
Mar 1, 2010
Repsol Profits Drop 48% On Weak Refining Results
FEBRUARY 25, 2010, 11:56 A.M. ET | http://online.wsj.com
By Bernd Radowitz
Of DOW JONES NEWSWIRES
MADRID (Dow Jones)--Spanish oil firm Repsol YPF SA (REP) Thursday said its profit, excluding inventory effects, plunged 48% in the fourth quarter as its refined products sales fell while Spanish refining margins flattened.
Jan 20, 2010
FACTBOX - Repsol's boardroom conflict
By Andres Gonzalez and Clara Vilar (www.reuters.com)
MADRID, Jan 19 (Reuters) - Repsol (REP.MC)'s cash-hungry core shareholder Sacyr's (SVO.MC) desire for a more dividend-friendly chairman at the oil company has divided Repsol's board and called into question the future management of the company.
SCENARIOS - Possible upshots of Repsol's boardroom spat
By Carlos Ruano and Andres Gonzalez (www.reuters.com)
MADRID, Jan 19 (Reuters) - Cash-hungry Spanish oil company Repsol (REP.MC) shareholder Sacyr's (SVO.MC) desire for a more dividend-friendly chairman at the oil company has greater implications than a mere boardroom reshuffle.
Jan 19, 2010
Spain offers to mediate in Repsol-Sacyr conflict
* Minister offers to mediate between Sacyr and Repsol board
* Spain worried about damage to Repsol's reputation
* Sacyr was absent for chairman's vote of confidence on Fri
* Spain worried about damage to Repsol's reputation
* Sacyr was absent for chairman's vote of confidence on Fri
Jan 18, 2010
Sacyr ignores the council convened in support of Repsol Brufau
SANTIAGO CARCER - Madrid -- 16/01/2010 (http://www.elpais.com)
The three directors of Sacyr Vallehermoso group Repsol YPF, Luis del Rivero, Juan Abello and Jose Manuel Loureda, yesterday ignored the extraordinary meeting of council convened on Wednesday by the president of the oil, Antonio Brufau, to seek the explicit support of management and their dependents. It was the great absence of a call in which Brufau got what he wanted in the short term: the unanimous backing of the rest of the council for its management and ratification in office.
Repsol to keep boss, long-term strategy
* Board ratifies Brufau, strategic plan
* Rejects any actions to destabilise management
* Shareholder Sacyr did not attend board meeting
* Repsol shares close down 1.58 pct (Adds minister's quote, paragraphs 8 and 9)
Jan 15, 2010
Brufau will have the support of the Council without closing the crisis
The Board of Directors of Repsol will ratify and confirm in his position as President to Antonio Brufau, who with this objective urgently convened the meeting.
Repsol chief heads for showdown with critic
By Mark Mulligan
Published: January 14 2010 02:00 | Last updated: January 14 2010 02:00
After months of speculation, Antonio Brufau, executive chairman of Spanish oil and gas group Repsol, will tomorrow be forced to defend his job against one of his fiercest critics. Luis del Rivero, chairman of construction and property company Sacyr Vallehermoso, wants to unseat the oil boss as the first step in a plan to carve up the group and sell part of it to focus on the domestic refining operations.
Dec 31, 2009
Chinese Demand Will Keep The Boom Going For Copper And Fertilizer In 2010
Dec. 29, 2009
In general, 2010 should award basic materials companies with stronger demand for their products, and cost-cutting measures should continue to drive profitability. Producer discipline will be critical to maintaining pricing and profitability in certain industries, however, given relatively low capacity utilization. Weather will also have important implications for how 2010 shapes up for coal and agriculture companies.
While many factors are pointing in the right direction for basic materials companies in 2010, longer-term headwinds include capacity expansions, which could cause oversupply, and demand shifts due to environmental concerns. And of course, Chinese demand saved many commodities in 2009, so a favorable 2010 depends on continued strength from that country.
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