Spanish petroleum giant Repsol said Thursday it had made a new gas discovery in Peru through its partnership with Brazilian oil major Petrobras. "Preliminary estimations indicate the field may hold between 1 and 2 trillion cubic feet of gas resources," the equivalent of around 14 months of gas consumption in Spain, Repsol said in a statement. The discovery pertained to Peru's block 57, which Repsol operates with a 53.84 percent stake, while Petrobras holds the remaining 46.16 percent. Repsol shares on the Madrid stock exchange rose 3.12 percent to 15.2 euros at 1122 GMT following the announcement, in a market up by 1.53 percent. Repsol said it planned to carry out further exploration in the block.
GMT 18:36 2017 Tuesday ,26 December
Scenting a recovery, oil producers ratchet up spendingGMT 20:43 2017 Monday ,25 December
Oil markets will witness balance in 2018: Iraqi Oil MinisterGMT 16:17 2017 Sunday ,24 December
Iraq invites bids for new oil pipelineGMT 14:26 2017 Friday ,22 December
Energy prices bump key US inflation index up in NovemberGMT 17:59 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 17:31 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 15:30 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recoversGMT 13:22 2017 Sunday ,26 November
Chinese demand teaser to weigh on Vienna oil summit
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor