Repsol

Colombia now counts Repsol, ExxonMobil, Shell, and Noble Energy as companies committed to exploration in its portion of the Caribbean Sea.

The 15-year deal calls for 1 million tons of LNG to be shipped each year to the Iberian Peninsula. Final investment decision on the project is expected in the second half of 2019, with the first liquefaction train scheduled to start up in 2023.

The Spanish E&P company plans to invest more than $11 million by the end of 2018 on startups working in established priority areas, which include resource reuse and sustainability measures.

As part of a revised strategic plan, the Spanish company says it will invest more than $9 billion on its overall operations by 2020, with much of it going to its upstream business unit.

The Buchan Alpha ended production on 12 May in the UK North Sea. The semisubmersible moored floating production facility will be decommissioned by Veolia at its Dales Voe site in Lerwick, Shetland.