• Text size      
  • Send this article to a friend
  • Print this article

Cash-rich Repsol eyeing Talisman Energy assets

TALISMAN Energy has confirmed it has been approached by fellow oil industry producer Repsol over "various transactions".

Madrid-based Repsol, which has an office in Edinburgh through its Repsol Nuevas Energías UK subsidiary that promotes offshore wind, is seeking acquisitions after netting more than £4 billion from the offloading of its holdings in Argentine energy firm YPF.

Canadian oil firm Talisman, which has a large presence in the North Sea through a joint venture with Sinopec, yesterday said: "There is no assurance that any transaction will be agreed."

It said there would be no further comment on any potential deal until it was "appropriate".

Contextual targeting label: 

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.