And So It Begins.... Repsol Says No More Oil, Gas

[Rodent + 1,424]

Spain’s Repsol says it will stop pursuing production growth in its upstream oil and gas division and will unveil a plan in June that would cap its future oil and gas production at the current levels and would prohibit it from keeping more than eight years of oil and gas reserves in its books.

Is this the beginning of the end?

[Tom Kirkman + 8,860]

Looks to me that Repsol has effectively killed the former Talisman Energy when they bought it out a few years ago.