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Repsol, GeoPark and Colombia
GeoPark terminates acquisition of Repsol's Colombian oil and gas assets
GeoPark will not go ahead with its planned $530 million acquisition of Spain-based Repsol's oil and gas production assets in Colombia, the company said on Tuesday.
GeoPark, Repsol cancel $530M deal for Colombia oil and gas assets
GeoPark (NYSE:GPRK) and Repsol (OTCQX:REPYF) (OTCQX:REPYY) said Tuesday they have agreed not to proceed with GeoPark's previously announced acquisition of $530M in oil and gas production assets in Colombia.
GeoPark terminates $530m Repsol upstream assets acquisition in Colombia
Repsol’s partner in SierraCol Energy Arauca (Llanos Norte) exercised pre-emptive rights to acquire a 25% stake in Llanos Norte assets in Arauca, Colombia.
Repsol and GeoPark axe proposed Colombia asset deal
Spanish oil company Repsol and Latin America-focused GeoPark have decided not to proceed with a planned deal for a pair of onshore production assets in Colombia. On Tuesday, however, GeoPark said Repsol’s partner in SierraCol has exercised its pre-emptive rights to acquire the 25% working interest being sold in the company.
GeoPark, Repsol terminate Colombia assets deal following preemptive rights exercise
GeoPark and Repsol will not proceed with a deal signed late last year for exploration and production assets in Colombia after a Repsol partner exercised preemptive rights.
GeoPark provides update on proposed acquisition of Repsol exploration and production assets in Colombia
GeoPark Ltd has announced that Repsol’s partner in SierraCol Energy Arauca LLC has exercised its preemptive rights to acquire 25% of Repsol’s interest in Llanos Norte in Arauca Department, Colombia.
1d
Repsol (0NQG) Gets a Buy from UBS
UBS analyst Henri Patricot maintained a Buy rating on Repsol (0NQG – Research Report) today and set a price target of €13.00. The company’s ...
2d
on MSN
GeoPark, Repsol Agree to End Previously Inked Deal After Rights Exercised
Repsol in November signed a deal to sell upstream assets in Colombia to Latin American oil-and-gas explorer GeoPark for $530 ...
Transport Topics
18h
Biden Makes Last-Minute Bid to Slow Arctic Oil Drilling
The Biden administration advanced a plan to limit oil drilling and infrastructure across more of Alaska’s National Petroleum ...
1d
Challenging Market Conditions and Stagnant Production Lead to Sell Rating for Repsol
Analyst Sasikanth Chilukuru from Morgan Stanley maintained a Sell rating on Repsol (0NQG – Research Report) and keeping the price target at ...
Crude Oil Prices
5d
Libya Looks To Boost Oil Production Amid Soaring Geopolitical Risk
Libya plans to offer 22 exploration blocks in 2025, attracting IOCs like Repsol, ENI, BP, and OMV. Russia’s growing military ...
Yahoo Finance
11d
Repsol Restarts Oil Exploration in Libya After a Decade
Repsol
is also a partner in Sharara with other eminent stakeholders like NOC, TotalEnergies, OMV and Equinor. Overview of Libya’s Favorable Investment Climate Libya’s state-owned National
Oil
...
1d
Citi Keeps Their Buy Rating on Repsol (0NQG)
In a report released today, Alastair Syme from Citi maintained a Buy rating on Repsol (0NQG – Research Report), with a price target of €14.50.
Hosted on MSN
3d
Libya's oil ambitions threatened by rising Russian influence
Libya is attempting to revitalize its energy sector by increasing oil production. Although the country plans to boost its ...
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