Editing Repsol (section)

==History==
===CAMPSA and REPESA===
In 1927, [[CAMPSA]] (Compañía Arrendataria del Monopolio de Petróleos S.A.), headed by Miguel Primo de Rivera y Orbaneja, was created with the objective of administering concessions in handing over the state monopoly of petroleum companies. Originally the company was arranged so that the state would have a minority stake. The Creation of CAMPSA intensified the progress of the Spanish refinery industry.

In 1941, the Spanish government under [[Francisco Franco]] created the INI (National Industry Institute), in order to finance and promote Spanish industries. The INI supported CAMPSA in its exploration of Tudanca, Cantabria, a monumental moment in Spanish exploration on the Iberian Peninsula.  The year 1947, marked the end of a 20-year contract between the Spanish state and CAMPSA, decentralizing services while at the same time giving specific rights to the state to intervene in the company's affairs, minus distribution and commercialization, which remained exclusive to CAMPSA.<ref name="Repsol Our History Page">{{cite web|title=Repsol.com About us>Our History|url=http://www.repsol.com/es_en/corporacion/conocer-repsol/perspectiva_historica/default.aspx}}</ref>

In 1948, REPESA (Refinería de Petróleos de Escombreras S.A.) was incorporated for the installation of a refinery in the Valley of Escombreras ([[Cartagena, Spain|Cartagena]]).<ref>{{Cite web |title=Discover Repsol's origins: from Campsa to Hispanoil |url=https://www.repsol.com/en/about-us/history/origins/index.cshtml |access-date=2023-01-20 |website=REPSOL |language=en-GB}}</ref>

REPESA became the symbol of the increasing industrial consolidation in the refining sector, as it took on the production and marketing of petrol, oils and lubricants under its own brand name.'<ref name="Repsol Our History Page" />  From the beginning, REPSOL was REPESA's "star brand" of petroleum<ref name="Repsol Our History Page" /> as a REPESA product brand.<ref name="Repsol Our History Page" />

===International expansion===
[[File:Campus Repsol (Madrid) 03.jpg|thumb|right|250px|''[[Repsol Campus]]'' in Madrid, company's headquarters built in 2013.]]
[[File:PuertollanoEmpetrol.jpg|thumb|right|250px|Repsol oil refinery in [[Puertollano]].]]
[[File:Station service Repsol.jpg|thumb|right|250px|A Repsol service station.]]
[[File:Repsol Cubelles.jpg|thumb|right|250px|A Repsol in Cubelles, Barcelona, Spain.]]

In 1999, Repsol bought 97.81% of the Argentine oil and gas company [[YPF|YPF S.A.]], which at the time was the largest oil-and-gas company in Ibero America. The acquisition better positioned Repsol as a multinational company. Repsol's acquisition of YPF also increased its capital to 288 million shares worldwide. Repsol's presence in [[Latin America]] was one of the keys to corporate growth. It was the first full year after the acquisition of YPF and the consolidation of [[Gas Natural|Gas Natural SDG]] by global integration. The company's business structure was more balanced and international. Then in December 2001, Repsol completed an asset exchange agreement with [[Petrobras]], making it the second largest consolidated oil company in [[Brazil]]. The same year Repsol announced new discoveries in [[Libya]], [[Indonesia]], Spain, [[Venezuela]], [[Argentina]], and [[Bolivia]], prompting the development and marketing of its electricity business through Gas Natural SDG.<ref name="Repsol Our History Page" /> In 2003, Repsol tripled its reserves and production of hydrocarbons in [[Trinidad and Tobago]]. [[North America]]n expansion in 2008, saw Repsol open a massive regasification plant on the east coast of [[Canada]] with enough capacity to supply up to 20% of the gas demand for [[New York (state)|New York]] and [[New England]].<ref name="Repsol Our History Page" />
In 2008, Repsol began an intensive exploration campaign and invested in exploring in new areas, with results that enabled the company to change its profile. Using cutting edge technology, the company made over 30 hydrocarbon discoveries, many of which were considered to be among the largest in the world. In 2009, ''Petroleum Economist'' magazine called it the "Best energy company of the year".<ref>{{cite web|title=UPI.com Business News>Energy Resource|url=http://www.upi.com/Business_News/Energy-Resources/2009/09/03/Repsol-named-energy-company-of-the-year/UPI-39661251991740/}}</ref>

====Canary Islands====
Following years of opposition from environmentalist groups, Spain finally gave permission in August 2014, for the company and its partners to explore prospects off the [[Canary Islands]].<ref name="RepsolCanary">{{cite news|title=Spain's Repsol gets long awaited green signal to explore off Canary Islands|url=http://www.spainnews.net/index.php/sid/224721995|date=13 August 2014|access-date=13 August 2014|publisher=Spain News.Net}}</ref> In January 2015, after two months of exploration about 50 kilometers off the coasts of [[Fuerteventura]] and [[Lanzarote]], the company said in a statement it only found small deposits that were not worth drilling thus scrapping the project.<ref>[https://www.theguardian.com/environment/2015/jan/19/repsol-scraps-controversial-oil-exploration-off-canary-islands Repsol scraps controversial oil exploration off Canary Islands], [[The Guardian]] 19 January 2015</ref>

====Alaska====
In 2013, Repsol and Armstrong Energy, a privately held oil and gas exploration and production company in New Mexico, discovered the Pikka field 83km west of [[Deadhorse, Alaska]] and about 10km away from [[Nuiqsut]] on the [[Alaska North Slope]] by drilling a discovery well into the [[Nanushuk Formation]], a well they called Qugruk 3.<ref name="ns">{{Cite web |date=2020 |title=Pikka Unit Nanushuk Development Project, North Slope of Alaska, USA |url=https://www.nsenergybusiness.com/projects/pikka-nanushuk-development-north-slope-alaska/ |access-date=2024-05-16 |website=NS Energy |language=en-US}}</ref>
In May 2024 Repsol and [[Santos Limited]] subsidiary Oil Search were looking to sell 20-25% of their non-operating interest in the Pikka unit, to raise funds,<ref name="pn24">{{Cite news |date=May 12, 2024 |title=Oil patch insider: Santos, Repsol reportedly look to sell 20-25% Pikka; Pokon DEC head -  |url=https://www.petroleumnews.com/pntruncate/814646232.shtml |access-date=2024-05-16 |work=Petroleum News}}</ref> one month after they had asked the [[Alaska Oil and Gas Conservation Commission]] for a permit to [[hydraulic fracking]].<ref name="pnfrack">{{Cite news |date=May 12, 2024 |title=Part 2: Nanushuk Oil Pool AIO for Pikka enhanced oil recovery |url=https://www.petroleumnews.com/pntruncate/604148784.shtml |access-date=2024-05-16 |work=Petroleum News}}</ref>

===Talisman acquisition, 2014===
In December 2014, Repsol announced that it would buy Canadian oil company [[Talisman Energy]] in a transaction worth about $15.1 billion Cdn ($13 billion US).<ref>{{cite web|title=cbc.ca Business News>Talisman agrees to $15.1B Cdn takeover by Spain's Repsol|url=http://www.cbc.ca/news/business/talisman-agrees-to-15-1b-cdn-takeover-by-spain-s-repsol-1.2874486/}}</ref>