All articles tagged with #repsol
The US Court of Appeals for the Second Circuit overturned a $16bn ruling that Argentina must compensate YPF shareholders, ruling the claims aren’t cognisable under Argentine law; Burford Capital’s shares tumbled on the decision, while YPF stock rose and Argentina welcomed the ruling. The decision reduces the likelihood of payout in the US litigation but leaves room for further appeals.
European energy companies Eni and Repsol are struggling to recover $6 billion in gas payments from Venezuela due to US sanctions and policy restrictions, leading to ongoing supply without payment and unresolved debts, amid limited US government support for resolving the issue.
Spanish energy company Repsol has entered the U.S. onshore wind market with the acquisition of renewable energy developer ConnectGen for $768 million. This move is part of Repsol's strategy to shift from oil and gas to renewables, with a focus on the United States. The acquisition of ConnectGen, which has 20 GW in planned onshore wind, solar, and energy storage projects, will help Repsol achieve its goal of reaching 20 GW of installed renewables capacity by the end of the decade. This deal follows Repsol's recent acquisitions in the renewables sector, including Asterion Energies and a stake in U.S. renewables developer Hecate Energy.