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Cepsa's third quarter net profit rises 50% on higher...
Spain's second-largest oil company Cepsa said on Thursday its third quarter net profit rose 50% thanks to soaring oil and refined product prices. The company had booked a net loss in the second quarter when the price of oil and gas fell.
Cepsa buys Ballenoil's service station network in Spain Capsa, Spain's second largest oil company, said on Monday it had agreed to buy 220 automated service gas stations in Spain from Ballenoil for an undisclosed amount. Cepsa intends to expand its network to more than 2,000 stations across the Iberian peninsula.
Spain's Cepsa puts oil wells in Peru, Colombia up for... The wells represented about 9% of Cepsa's overall production in 2022. The company declined to comment on the potential deal. It has said it seeks to become a leader in biofuels and green hydrogen.
Mubadala's Cepsa mulls sale of chemical plant in China -sources Spanish oil and gas company Cepsa is considering the sale of a chemical plant in Shanghai. The sale comes after the company abandoned a plan to sell its entire chemical business due to disappointing offers. The company has unveiled an up to 8-billion euro investment plan.
Mubadala's Cepsa mulls sale of chemical plant in China -sources Cepsa is considering the sale of a chemical plant in Shanghai. A sale would see Cepsa's exit from China and comes after the company abandoned a plan to sell its entire chemical business due to disappointing offers.
Spain's energy firms look to central Europe markets for green hydrogen deals Spanish oil company Cepsa signs two agreements aimed at shipping green hydrogen between Spain and the Netherlands. The agreements come a day after renewable energy giant Iberdrola took a similar step. The two Spanish companies are vying to become green hydrogen leaders, with planned investments worth billions of euros.
Spain's energy firms look to central Europe markets for... Spain's energy firms look to central Europe markets for green hydrogen deals. Cepsa signed two agreements aimed at shipping green hydrogen between Spain and the Netherlands. Iberdrola took a similar step on Tuesday.
Cepsa swings to loss in first quarter on Spain's windfall tax The quarterly loss was 297 million euros ($327.74 million) In the same period last year, Cepsa reported a 265 million euro profit. The 1.2% tax on utilities' sales will cost the company 323 million euros this year.
Spain's Cepsa teams up with Apical to build 1 bln euro... Spain's Cepsa teams up with Apical to build a second-generation biofuels plant. The plant, set to start operating in 2026, will be Southern Europe's largest. It will have a capacity of 500,000 tons of renewable diesel and sustainable aviation fuel.
Cepsa to nearly double investments over next 3 years as... Spanish oil and gas company Cepsa plans to nearly double its investments over the next three years. It also posted a full-year net profit at current cost of supplies of 790 million euros for 2022.
TotalEnergies buys CEPSA’s upstream assets in Abu Dhabi French oil company TotalEnergies has agreed to buy the upstream assets of Spanish energy company Cepsa. The deal covers the purchase of a 20% stake in the Satah Al Razboot (SARB), Umm Lulu, Bin Nasher and Al Bateel offshore concession.
TotalEnergies buys CEPSA’s upstream assets in Abu Dhabi French oil company TotalEnergies said on Wednesday it had agreed to buy the upstream assets of Spanish energy company Cepsa. Deal covers the purchase of a 20% stake in the Satah Al Razboot (SARB), Umm Lulu, Bin Nasher and Al Bateel.
Spain's Cepsa in deal with Netherlands to scale-up... Spain's Cepsa signs a deal with three Dutch companies to supply green ammonia to a terminal in Rotterdam. Green ammonia is produced using hydrogen made from renewable energy. The technology has yet to be tested at scale, but that could change with Monday's deal. Dutch minister says needs Spain, Portugal as hydrogen suppliers.
Spain's Cepsa teams up with Dutch firms to supply green... Spain's Cepsa teams up with Dutch firms to supply green ammonia, sources say. Green ammonia is a nascent technology that is expected to play an important role in transporting green hydrogen. Ammonia is widely used to make agricultural fertilisers.
EDP, Cepsa team up to boost green hydrogen production Portuguese electricity company EDP and Spanish oil firm Cepsa will work together on large-scale green hydrogen production. The project is part of CepSA's plans to invest 3 billion euros ($3.3 billion) in green hydrogen developments in the regions of Huelva and Algeciras.
Cepsa teams up with Enagas, Enersun to develop hydrogen... The project is part of Cepsa's plans to invest 3 billion euros ($3.3 billion) in green hydrogen developments. Green hydrogen is seen as a solution to decarbonising heavy transport including commercial shipping and airlines. The hydrogen plant will be powered by a photovoltaic facility with a capacity of 200 MW.
Cepsa teams up with Enagas, Enersun to develop hydrogen plant in Spain The project is part of Cepsa's plans to invest 3 billion euros in green hydrogen developments in Huelva and Algeciras. Green hydrogen is seen as a solution to decarbonising heavy transport including commercial shipping and airlines.
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