BME:REP

Repsol announced the start of oil production at the Lapa Southwest development in Brazil’s Santos Basin, approximately 300 km offshore. The project is operated by TotalEnergies in partnership with Shell and Repsol through the Repsol Sinopec Brazil joint venture.

The new development is expected to add about 25,000 gross barrels of oil per day at plateau, increasing total production from the Lapa field to roughly 60,000 barrels per day. Repsol Sinopec Brazil holds a 25% working interest in the project, while TotalEnergies owns 48% and Shell 27%.

Lapa Southwest was developed by connecting three subsea wells to the existing Lapa floating production, storage and offloading (FPSO) unit, allowing additional reserves to be produced using available processing capacity.

Repsol said the project supports its strategy of focusing exploration and production activities in core growth regions such as Brazil. Together with other projects including Cypre, Mento, Leon-Castile and Pikka, the company expects these developments to contribute around 80,000 low-cost, low-carbon-intensity barrels of production by 2027.
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Author
Global Finance News 03-12-26
Repsol announced plans to invest between €8.5 billion and €10 billion through 2028, with more than half allocated to Spain and Portugal and 34% to the United States. About 30% of the investment will be directed toward low-carbon projects as the company continues its transition toward a multi-energy model.

The company expects operating cash flow to reach about €6.5 billion by 2028, roughly 20% higher than in 2025, supported by growth in its exploration and production, industrial and client businesses. Net production is projected to rise to 580,000–600,000 barrels of oil equivalent per day by 2028, with around 40% coming from the United States.

Repsol also reaffirmed its shareholder return policy, planning to distribute around €3.6 billion in cash dividends through 2028 and allocate 30–40% of operating cash flow to shareholder remuneration, including dividends and share buybacks.
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Author
The Investor 03-11-26
Repsol and Horse Powertrain unveil ultra-efficient hybrid engine running on 100% renewable gasoline

Repsol and Horse Powertrain have jointly developed the HORSE H12 Concept, a next-generation hybrid powertrain designed to significantly cut fuel consumption and CO₂ emissions.

The new engine achieves 44.2% peak brake thermal efficiency and reduces fuel consumption by 40% compared with the 2023 European average for new petrol cars, bringing usage below 3.3 litres per 100 km (WLTP). When powered by Repsol’s 100% renewable gasoline, a mid-size vehicle driving 12,500 km annually can emit 1.77 tonnes less CO₂ per year than a comparable conventional vehicle.

Developed in Spain by Horse Technologies (Valladolid) and Repsol Technology Lab (Madrid), the system integrates a high-compression combustion design, optimized turbocharging, advanced EGR, improved hybrid gearbox energy management and new low-friction lubricants. Two prototypes have been validated, with a demonstrator vehicle expected in early 2026.

The companies position the project as a near-term decarbonization solution for Europe’s predominantly combustion-based vehicle fleet, advocating a technology-neutral regulatory framework that recognizes renewable fuels and highly efficient engines alongside electrification and hydrogen.
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Author
Global Finance News 02-17-26
Repsol Expands Network of 100% Renewable Diesel Stations in Iberia

Repsol has surpassed 1,500 service stations in Spain and Portugal offering 100% renewable Nexa Diesel, meeting a key target set out in its updated 2024–2027 strategic plan. The network includes 1,429 stations in Spain and 71 in Portugal, consolidating Repsol’s position as the largest 100% renewable fuel network in Europe, with more than 210 million liters sold so far this year.

The company said renewable Nexa Diesel can reduce lifecycle CO₂ emissions by up to 90% compared with conventional diesel and is compatible with all diesel engines, addressing decarbonization needs for a vehicle fleet still dominated by combustion engines. Repsol highlighted renewable fuels as a practical and immediate solution alongside electrification, hydrogen, and other low-emission technologies.
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Author
Global Finance News 12-30-25
Repsol has received a Platts Global Energy Award in the Excellence in Energy – Downstream category for the large-scale deployment of its NEXA fuels made from 100% renewable origin across Spain and Portugal. The award, presented by S&P Global in New York, recognizes Repsol’s rollout of renewable diesel and gasoline at nearly 1,500 service stations, making it one of the largest renewable fuel distribution networks in Europe.

The jury highlighted Repsol’s ability to balance affordable and reliable energy supply with decarbonization, as well as its leadership in industrial-scale production of renewable fuels. Repsol operates the first large-scale renewable fuels plant in the Iberian Peninsula in Cartagena, producing renewable diesel and sustainable aviation fuel, with a second plant in Puertollano set to come online in 2026. The company has also achieved a technological milestone by producing 100% renewable gasoline at its Tarragona complex.

Repsol’s NEXA renewable fuels are fully compatible with existing vehicles and offer performance comparable to conventional premium fuels, addressing the reality that combustion and hybrid vehicles still dominate Europe’s car fleet. The company emphasized that renewable fuels are a key lever for meeting climate targets and called for a review of European CO₂ regulations, as it continues progressing toward its net-zero emissions goal by 2050.
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Author
European Investor 12-14-25
Repsol and Toyota sign multi-technology partnership to accelerate transport decarbonization in Spain

Repsol and Toyota Spain have formed a strategic alliance to advance decarbonization across the automotive sector through a wide range of energy solutions. The agreement covers electric charging infrastructure, renewable electricity, solar panel installation, renewable fuels, emissions offsetting, and efficiency projects for Toyota customers, employees, and dealerships.

Toyota dealerships in Spain will adopt 100 percent renewable electricity and install solar panels and charging points, while customers buying electric or plug-in hybrid models will have access to home chargers starting at €1,995. The partnership also includes Energy Saving Certificates and emissions-compensation initiatives. Repsol will supply electricity and gas to Toyota’s offices as part of the rollout. Both companies described the alliance as a major step toward carbon neutrality and a more sustainable mobility ecosystem.
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Author
The Investor 12-03-25