Repsol downgrades reserves by 25%

Article Abstract:

Repsol-YPF S.A. of Argentina and Spain has downgraded its estimate of petroleum reserves by 25 percent or 1.25 billion barrels of oil. Reasons include political instability in Bolivia and the reassessment of gas reserves there. Repsol-YPF S.A. is planning on replenishing reserves through exploration and production rather than through acquisitions.

Foreign operations, Production data, Argentina, Spain, Bolivia, Company Profile, Repsol-YPF S.A. (Buenos Aires, Argentina)

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France moves to block Italian suitor for Suez

Article Abstract:

The European Union economic policy of cross-border acquisitions and economic integration continues to be thwarted by nationalism. France has arranged a merger between Suez S.A. of France with crown corporation Gaz de France for 32 billion Euros ($37.98 billion), effectively blocking an offer for Suez S.A. by Enel S.p.A. of Italy.

Italy, Europe, Acquisitions & mergers, France, Economic Programs, Administration of Economic Programs, Natural gas liquids, Oil & Gas Extraction, Oil and Gas Extraction, Economic aspects, Mergers, acquisitions and divestments, Company acquisition/merger, Economic policy, Gas industry, European Union, SUEZ S.A., Gaz de France

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Oil firm has little left in reserve: Repsol revival must overcome sagging output, political pressure

Article Abstract:

First-quarter operating profit for the production division of Spain's Repsol YPF S.A. fell 32% to 845.7 mil, but net profit was up by 3%. Shares were up 0.2%.

Sales, profits & dividends, Company sales and earnings, Company earnings/profit, Repsol YPF S.A. (Madrid, Spain), Financial report

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