Spain`s Canary Islands fume over oil exploration

Spain`s government sparked an outcry Thursday by giving oil group Repsol the all-clear to explore for oil and gas off the coast of the tourism-dependent Canary Islands.

Spain okays Repsol plan for Canary Islands exploration

The Spanish government on Thursday gave oil giant Repsol the green light to explore for oil and gas off the coast of the Canary Islands, a move that environmental groups described as "unjustifiable".

Argentine congress OKs payoff to Repsol for YPF seizure

Argentina`s lower house of Congress approved a deal Thursday to compensate Spanish oil giant Repsol with $5 billion in bonds for the 2012 seizure of its subsidiary YPF.

Spain's Repsol signs $1.2 bn deal with Venezuela

Repsol signed a financing deal Friday with Venezuelan state oil company PDVSA that calls for the Spanish energy major to invest $1.2 billion to boost the output of the companies' Petroquiriquire joint venture.

Bolivian oil firms to drill 14 wells

Spain's Repsol, Brazilian oil giant Petrobras, BG Group and France's Total are among the companies exploring for oil and gas in Bolivia.

Spain threatens Argentina over YPF seizure

An incensed Spain threatened swift economic retaliation against Argentina on Tuesday after it unveiled plans to seize YPF, the South American nation's biggest oil company which is controlled by Spanish energy group Repsol.