Repsol News

Repsol Sued in Class Action for $1 Billion Over Peru’s Worst Oil Spill

Repsol SA is being sued for $1 billion by an English law firm representing around 35,000 alleged victims for its involvement in Peru’s largest oil spill in 2022. Tom Goodhead, chief executive officer of Pogust Goodhead, said the lawsuit was …

Oil Spill Caused by Massive Waves From Tonga Is ‘Ecological Disaster’ for Peru

An oil spill at a refinery in Peru during high waves caused by the explosion last weekend of a volcano in Tonga is an “ecological disaster,” the Peruvian government said on Wednesday. The foreign ministry said that the oil spill …

S&P Revises Argentina’s Sovereign Debt Rating Outlook to Negative

Standard & Poor’s revised its outlook on Argentina’s sovereign debt rating to negative from stable on Monday, citing policies that include a government push to seize control of energy company YPF from Spain’s Repsol. President Cristina Fernandez announced the YPF …

Florida Lawmaker Warns on Damages If Cuba Oil Drilling Spills

Since the United States couldn’t stop Repsol from drilling for oil off Cuba’s coast, it should make the Spanish oil giant pay dearly for damages from any spill that threatens neighboring Florida, a congressional Republican said on Monday. “We need …