Repsol settles multibillion fraud dispute with Sinopec

Jack Ballantyne. 02 May 2023. Sinopec purchased a stake in Repsol's North Sea oil and gas venture (Credit: Shutterstock/Dabarti CGI) Repsol says it has agreed a deal with China’s …

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Repsol To Buy Rest Of North Sea JV, Settling Dispute With Sinopec

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April 28, 2023 at 12:42 pm EDT. MADRID (Reuters) - Spain's Repsol has reached an agreement with Chinese energy conglomerate Sinopec to buy the 49% of a joint venture in the North Sea …

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Repsol To Buy Rest Of North Sea JV, Settling Dispute With Sinopec

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Apr 28, 2023 · Spain's Repsol has reached an agreement with Chinese energy conglomerate Sinopec to buy the 49% of a joint venture in the North Sea it does not already own, it said on …

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Repsol Settles Sinopec Dispute With $1.1B Buyout Of North Sea JV

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Apr 28, 2023 · Repsol (REPYF) (REPYY) reached an agreement with China's Sinopec to buy the 49% stake in a North Sea oil and gas joint venture it does not already own, settling a …

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HSF And Slaughter And May Help Sinopec End 8-Year North Sea …

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Jun 2, 2023 · We also saw the resolution of an eight-year North Sea oil dispute between Sinopec and Repsol, resulting in the settlement of long-running arbitration proceedings worth $5.5 billion.

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Herbert Smith Freehills Advises Sinopec On Successful Resolution Of ...

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May 2, 2023 · An eight-year dispute between subsidiaries of Sinopec and Repsol S.A. over North Sea oil and gas assets has been settled through a US$2.1 billion transaction whereby Repsol …

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Repsol, Sinopec Settle Prolonged North Sea Dispute

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May 1, 2023 · Repsol said the acquisition of Sinopec's 49% stake in their UK joint venture will result in a net cash outflow of $1.1 billion. ... Sinopec Settle Prolonged North Sea Dispute ...

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Sinopec Advised By HSF In Resolving 8-year Oil Dispute With Repsol

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May 2, 2023 · An eight-year dispute between subsidiaries of Sinopec and Repsol S.A. over North Sea oil and gas assets has been settled through a US$2.1 billion transaction whereby Repsol …

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Repsol Sinopec - Latest Oil And Gas News | Upstream Online

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Aug 16, 2023 · Repsol and Sinopec settle $5.5 billion dispute over North Sea oil and gas assets ... Repsol springs positive profit surprise in ‘solid’ first quarter ... 55 GMT Exploration ...

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Repsol Again Liable In Multibillion North Sea Oil Venture Dispute

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Apr 29, 2021 · Repsol again liable in multibillion North Sea oil venture dispute. Repsol has for a second time been held liable in a US$5.5 billion SIAC claim lodged by China’s Sinopec group …

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Repsol Sinopec Gets Rebrand After $2.1bn Dispute Deal Is Closed

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Nov 1, 2023 · Aberdeen-headquartered Repsol Sinopec Resources UK has been renamed as Repsol Resources UK. Repsol Sinopec, the UK North Sea business of Spain’s Repsol (BME: …

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Herbert Smith Freehills Advises Sinopec On Successful Resolution …

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May 3, 2023 · An eight-year dispute between subsidiaries of Sinopec and Repsol S.A. over North Sea oil and gas assets has been settled through a US$2.1 billion transaction whereby Repsol …

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North Sea Energy Firm Repsol Handed £160,000 Flaring Fine

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Dec 13, 2023 · An energy firm has received the largest ever fine by the North Sea regulator for breaching offshore emissions rules. Repsol was handed a £160,000 penalty after releasing 73 …

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FAQs about Repsol settles multibillion fraud dispute with Sinopec Coupon?

Did Sinopec buy Repsol's North Sea oil & gas venture?

Sinopec purchased a stake in Repsol's North Sea oil and gas venture (Credit: Shutterstock/Dabarti CGI) ...

Why did Repsol agree to a deal with Sinopec?

Repsol says it has agreed a deal with China’s Sinopec to settle a long-running SIAC arbitration worth US$5.5 billion over the sale of a North Sea oil and gas venture – following partial awards in which the Spanish company was found liable for fraud. ...

Does Repsol own a North Sea oil and gas joint venture?

Repsol ( OTCQX:REPYF) ( OTCQX:REPYY) said Friday it reached an agreement with China's Sinopec to buy the 49% stake in a North Sea oil and gas joint venture it does not already own, settling a long-running arbitration between them. ...

Will Repsol's Sinopec deal affect earnings?

The transaction will have "no significant impact on earnings", Repsol added, as it had already made a provision in its accounts for the arbitration in 2020. The joint venture for North Sea oil and gas fields off the British coast, known as Repsol Sinopec Resources UK Ltd, has been at the centre of a dispute between the oil giants since 2015. ...

Who owns Repsol resources UK?

Sinopec launched proceedings after arguing the $1.5bn price paid by its subsidiary – Addax- for 49% of the business in 2012 (then Canadian-led Talisman Energy’s UK North Sea business) was too high. The new deal means Repsol has acquired Sinopec’s 49% stake to become 100% owner of what is now called Repsol Resources UK. ...

Where is Repsol based?

The firm's Aberdeen-headquarters on Holburn St. Aberdeen-headquartered Repsol Sinopec Resources UK has been renamed as Repsol Resources UK. Repsol Sinopec, the UK North Sea business of Spain’s Repsol (BME: REP), rebranded after an-eight year arbitration case was closed with the former co-owner, China’s Sinopec. ...