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Tag Archives: spain

Troubled Spanish renewable energy firm announces loan deal

MADRID (AP) — Spanish renewable energy and engineering giant Abengoa says it has reached the basis of a debt-restructuring agreement with bank creditors and bondholders in a bid to avoid one of the country’s largest insolvencies. Abengoa, which began bankruptcy protection proceedings in November, said in a statement Thursday that under the deal it will give creditors a 55 percent ...

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Greenpeace: 4 activists hurt off Canary Islands

MADRID — Spain’s navy rammed into a Greenpeace dinghy during a protest in the Atlantic Ocean against oil exploration near the Canary Islands on Saturday, injuring four of its activists, one of them seriously, the environmental organization said. However, the navy disputed that account. The navy said it dispatched two boats from one of its ships in the area to ...

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Argentina hopes Repsol deal will dispel investor doubts

BUENOS AIRES, Feb 26 (Reuters) – Two years after seizing the country’s biggest energy company from Spain’s Repsol, Argentina hopes a new compensation deal will lure more foreign investment to what many believe to be some of the world’s most promising shale oil and gas prospects. But the deal ending a bitter dispute between Argentina and the Spanish oil company ...

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Spain to challenge Cantabria’s fracking ban in court

cantabria

MADRID Fri Jan 24, 2014 12:23pm EST MADRID Jan 24 (Reuters) – Spain’s central government will file a legal challenge in the country’s Constitutional Court to a fracking ban in the region of Cantabria, it said on Friday. The central government will argue it has jurisdiction in the matter and that Cantabria’s ban violates the national law on hydrocarbons, according ...

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