Talisman Sinopec Energy UK becomes Repsol Sinopec Resources UK

Talisman Sinopec Energy UK (TSEUK), an oil and gas company operating offshore oil fields in the UK North Sea, has officially been renamed to Repsol Sinopec Resources UK.

Talisman Sinopec Energy UK announced the name change on Monday and the company noted that there is no change to the legal entity of the company registry numbers or other related company data.

To remind, the name change follows the acquisition of Canada’s Talisman Energy by Spain’s Repsol in 2015 for $8.3 billion plus assumed debt of $4.7 billion.

The Repsol-Talisman deal meant that Repsol also became the owner of a 51 percent stake in Talisman’s UK North Sea joint venture with Sinopec’s subsidiary Addax Petroleum – TSEUK.

In June this year, Repsol and its subsidiaries Talisman Energy and Talisman Colombia, were served with a $5.5 billion arbitration notice by China’s Sinopec and its subsidiary Addax Petroleum, demanding payback for their 2012 investment in TSEUK joint venture.

Regardless of the pending arbitration, which Repsol has described as groundless, the rebranding of the joint venture has been carried out as planned.

 

Share this article

Follow Offshore Energy Today

Events>

<< Feb 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 1 2 3

19th Annual Arctic Oil & Gas Symposium

CI Energy’s 19th Annual Arctic Oil & Gas Symposium has brought together hundreds…

read more >

Egypt Petroleum Show

This event will feature 500+ regional & international exhibiting companies from over 35 countries…

read more >

INTERNATIONAL PETROLEUM WEEK 2019

International Petroleum (IP) Week is a renowned and respected fixture in the annual calendar…

read more >

Fuel Cell Expo 2019

FC EXPO is world’s largest show for hydrogen & fuel cell…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply