Singapore's Temasek boost its stake in Repsol

Temasek Holdings, a Singapore’s government investment fund, bought another 5% stake in Repsol SA for $1.35 billion as Repsol continues efforts to maintain its investment-grade credit rating. Temasek is lifting its Repsol stake to 6.3% interest, Repsol said.

Repsol's credit rating has been under scrutiny since Argentina took control of YPF SA and expropriated Repsol’s majority stake in YPF last year (OGJ Online, Apr. 17, 2012).

Temasek, which is among the world's biggest sovereign investors, had no immediate comment on the transaction.

Repsol recently sold LNG gas assets to Royal Dutch Shell PLC for $4.4 billion cash (OGJ Online, Feb. 26, 2013).

Related Articles

Judge bars Anadarko e-mails as evidence in Macondo blowout hearing

03/21/2014 A federal district judge in New Orleans refused to accept e-mails between Anadarko Petroleum Corp. and BP PLC as evidence in a hearing to determine...

Industry group welcomes most UK budget moves

03/21/2014 Oil & Gas UK voiced support for all but one of several measures affecting the offshore producing industry announced in the UK government’s annu...

MARKET WATCH: Crude oil, gas futures prices slide entering spring

03/21/2014

The first day of spring in the northern hemisphere was marked by lower crude oil and natural gas futures prices.

OMV acquires West of Shetland licenses from Hess

03/21/2014 OMV AG has reached an agreement with Hess Corp. to acquire four licenses in West of Shetland, UK, including Cambo field and the Blackrock prospect,...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected