Repsol signals $7bn asset sales and cost cuts
The Spanish company plans to sell off assets by 2020 and cut capital expenditure by 40% in order to reduce debt
Spain's Repsol has signalled plans to sell off €6.2bn ($7.1bn) of assets by 2020 and cut capital expenditure by 40% from 2014 levels, as it struggles to maintain dividends and reduce debt -- based on its oil price forecast of $50/barrel oil and US gas price forecast of $3.50/MMBtu, out to 2018. Under its first strategic plan since finalising its $8.3bn takeover of Canada's Talisman this May, Repsol vowed to achieve cost savings of €2.1bn/year from 2018 through efficiencies based on a $60/b upstream price in 2018-20, applying "strong capital discipline". "We are in too many countries," chief executive Josu Jon Imaz told a briefing on 15 October: "So we will try to reduce our exposure to high
Also in this section
20 February 2026
The country is pushing to increase production and expand key projects despite challenges including OPEC+ discipline and the limitations of its export infrastructure
20 February 2026
Europe has transformed into a global LNG demand powerhouse over the last few years, with the fuel continuing to play a key role in safeguarding the continent’s energy security, Carsten Poppinga, chief commercial officer at Uniper, tells Petroleum Economist
20 February 2026
Sempra Infrastructure’s vice president for marketing and commercial development, Carlos de la Vega, outlines progress across the company’s US Gulf Coast and Mexico Pacific Coast LNG portfolio, including construction at Port Arthur LNG, continued strong performance at Cameron LNG and development of ECA LNG
19 February 2026
US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
