Repsol Regains Control of Venezuela Oil Fields, Aims to Boost Production [Yahoo! Finance]
REPSOL SA SP/ADR (REPYY)
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Source: Yahoo! Finance
Spain's Repsol said it would regain control of its operations in Venezuela, paving the way for an output increase in the oil-rich country. Repsol said Thursday that it signed an agreement with the Venezuelan government and state-owned oil company PDVSA to retake operational control of the Petroquiriquire oil field and take steps toward increasing production. Most Read from The Wall Street Journal A Private Equity Billionaire Mounts His Biggest Takeover Yet: the Pentagon Has the Era of the Mega-Layoff Arrived? U.S. Home-Builder Sentiment Slips Amid Economic Uncertainty Spirit's Bankruptcy Exit in Flux as Jet Fuel Prices Surge For Its Next Act, Allbirds Makes an Unlikely Pivot From Shoes to AI President Trump and officials in his administration have urged Venezuela's interim government and companies to rebuild the country's oil-and-gas industry and restore production since a U.S. incursion into Caracas in January led to the capture of former President Nicolas Maduro.
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News
- Repsol, PDVSA sign agreement to raise Petroquiriquire production [Yahoo! Finance]Yahoo! Finance
- Repsol agrees Venezuela deal to boost oil production and regain control of assets [Yahoo! Finance]Yahoo! Finance
- Repsol (REPYY) was upgraded by Zacks Research from "hold" to "strong-buy".MarketBeat
- Assessing Repsol (BME:REP) Valuation After Strong Recent Share Price Momentum [Yahoo! Finance]Yahoo! Finance
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