verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . august 2011 learn how and when to remove this template message talisman energy inc. former type subsidiary industry oil and gas industry fate acquired predecessor bp canada defunct 2015 2015 headquarters calgary alberta canada key people harold kvisle ceo scott thomson cfo products petroleum natural gas revenue c 7 528 000 000 2009 total assets us 24.2 billion 2010 1 owner repsol 100 % number of employees 2 820 2009 parent repsol website www.talisman energy.com talisman energy inc. was a canadian multinational oil and gas exploration and production company headquartered in calgary alberta . it was one of canada s largest independent oil and gas companies and was formerly known as bp canada ltd. prior to the renaming british petroleum now bp sold off its 57 % stake in the company to the public . 2 the company was acquired by repsol in 2015 3 and in january 2016 was renamed to repsol oil & gas canada inc. 4 it operated globally will operations in canada b.c. alberta ontario saskatchewan quebec and the united states of america pennsylvania new york texas in north america ; colombia south america ; algeria in north africa ; united kingdom and norway in europe ; indonesia malaysia vietnam papua new guinea east timor and australia in the far east ; and kurdistan in the middle east . talisman energy has also built the offshore beatrice wind farm 5 in the north sea off the coast of scotland . the company initially grew quickly through a number of mergers and acquisitions which reflects in the complex history and large diversity of holdings . talisman was the first canadian company to join the voluntary principles on security and human rights plenary group voluntary principles on security and human rights 6 and is a participant in the united nations global compact . contents 1 history 1.1 background 1925 92 1.2 1992 2011 1.3 2012 1.4 2013 1.5 acquisition by repsol 2014 2015 2 controversy in sudan 3 see also 4 references 5 external links history edit see also supertest petroleum background 1925 92 edit the origins of talisman energy traces to the supertest petroleum corporation which was founded in 1923 and headquartered in london ontario . supertest station in toronto ca. 1965 in 1953 british petroleum company bp entered the canadian market through the purchase of a minority stake in calgary based triad oil company . in the early 1950s the power struggle between oil companies and host governments in middle east started which hampered operations of british petroleum in the region and prompted it to diversify its operations beyond the heavily middle east dependent oil production . the canadian holding company of british petroleum was renamed bp canada in 1969 ; and in 1971 it acquired 97.8 % stake of supertest . subsequently supertest was renamed to bp canada ltd and other canadian interests of british petroleum were amalgamated to the new company . bp retail operations disappeared from canada in the early 1980s when in 1982 bp canada divested its downstream assets to petro canada which was at the time owned by the government of canada . 1992 2011 edit in 1992 british petroleum sold off its 57 % stake in bp canada ltd to the public . bp canada was later renamed to talisman energy inc. and one of canada s largest independent oil and gas company was founded . after the split from british petroleum talisman energy sold off its money losing mining operations and focused on its large natural gas holdings in british columbia canada . its subsidiary fortuna petroleum became one of the first international oil companies to do business with cuba . 2 a year later in 1993 talisman energy bought encor inc from bce doubling in size and becoming one of canada s largest petroleum companies . talisman energy acquired bow valley energy from british gas plc in 1994 gaining more assets in canada and an important presence in the north sea and southeast asia . in 1995 it pulled out of cuba to focus on these areas . in 1997 talisman energy launched a takeover bid of wascana energy a former crown corporation of the saskatchewan government . it got into a bidding war over wascana with canadian occidental petroleum later nexen and failed in its attempt . it continued its aggressive expansion investing in the north sea and indonesia ; and in 1997 bought the smaller pembina resources . in 1999 talisman energy acquired rigel energy . since then talisman has expanded its operation in southeast asia and in the north sea with a brief exploration operations in south eastern trinidad & tobago . on may 30 2007 the company announced the retirement of its longtime president & ceo james buckee . john manzoni formerly of bp was named as his successor effective september 1 2007 . 2012 edit in july 2012 talisman energy sold part of its interests in britain to focus on higher growth shale gas projects in north america and southeast asia . a joint venture with china petroleum & chemical corporation limited or sinopec was announced that saw talisman sell 49 % of its aberdeen scotland based north sea business to sinopec for us 1.5 billion . 7 8 on september 10 2012 the company announced that john manzoni had agreed to step down as president & ceo effectively immediately and would be replaced by board member hal kvisle . kvisle had resided on talisman s board of directors since 2010 and was previously ceo of canadian pipeline builder transcanada corp. between 2001 and 2010 . 9 the news surprised market analysts and fueled speculation that talisman was now a greater potential takeover target similar to that of industry peer nexen inc. when it agreed to a 15.1 billion acquisition made by china national offshore oil co. only two months earlier . however kvisle stressed that he and the board would be focused on making talisman a sustainable long term successful canadian company rather than putting it up for sale . 10 2013 edit in october 2013 activist investor carl icahn acquired around 61 million shares in the company and announced he would be seeking a place on the board . his acquisition prompted the firm s share price to rocket . 11 acquisition by repsol 2014 2015 edit following months of speculation and negotiations spanish energy company repsol tendered an offer to buy talisman in early december 2014 for us 8 per share . 12 13 including debt obligations of us 5 billion the deal was worth us 13.1 billion . 14 on february 19 2015 talisman shareholders approved the acquisition offer from repsol with 99 percent of shareholders in each class voting in favor of the deal . 15 in january 2016 repsol announced that the legal name of talisman would be changed to repsol oil & gas canada inc. effective january 1 2016 . 16 controversy in sudan edit in 1998 talisman made one of its most controversial moves when it purchased arakis energy . the acquired business had involvement in the sudanese oil industry through a 25 % interest in the greater nile oil project operated by the greater nile petroleum operating company gnpoc . further gnpoc was a consortium which included sinopec the national petroleum company of china 40 % ; petronas the national oil company of malaysia 30 % ; and sudapet the national petroleum company of sudan 5 % . 17 at the time the second sudanese civil war was under way and the government of sudan was almost totally reliant on oil revenues for its war effort . this war effort was repeatedly accused of war crimes human rights abuses and genocide . 18 international observers accused the sudanese government of forcibly displacing residents to make way for oil exploration and exploitation . as conditions in sudan worsened an international outcry developed led by ngos and churches . they called for divestment in talisman shares and pushed the canadian government to penalize the company . as part of this protest the presbyterian church of sudan sued the company in an american court for genocide stating that talisman had helped sudanese officials bomb churches kill church leaders and attack villages in an effort to clear the way for oil exploration . 19 in an unprecedented event an american judge decided the lawsuit was valid but it was later dismissed by the us district court for the southern district of new york . the court concluded that the plaintiffs had no admissible evidence to support the claims against talisman energy . 20 the finding in the u.s. lawsuit is consistent with the report of the harker mission in 2000 which admonished talisman for not doing enough to stop human rights abuses by other groups but did not find that talisman had actively aided in any atrocities . 17 in response to the allegations talisman initiated an annual third party verified corporate responsibility report and implementing procedures for monitoring the company s compliance with the international code of ethics for canadian business . 21 in 2003 talisman energy divested the sudan interest acquired through the arakis acquisition selling its complete 25 % stake to indian company ongc videsh . 22 whether this divestiture benefited the people of sudan is highly questionable with concern having been raised by one ngo active in the region if you pressure talisman to leave sudan then will the remaining actors take any action to address these critical issues at least talisman has taken notice and responded ... . 21 talisman s chief executive jim buckee was quoted by the bbc saying it has been very difficult for us to operate in sudan in the event of signing a peace agreement we will come back to sudan . 22 see also edit companies portal talisman centre oil well drilling opec list of oil producing states references edit company profile for talisman energy inc ca ; tlm . retrieved 2008 10 09 . a b funding universe history of talisman energy inc. . retrieved 1 september 2012 . talisman shareholders approve 8.3 billion repsol buy . petro global news . retrieved 19 february 2015 . talisman energy inc. and related canadian partnerships announce name changes . boe report . retrieved april 23 2016 . beatrice wind farm demonstrator website voluntary principles on security and human rights plenary group website talisman announces north sea stake sale to sinopec of 1.5 bn . bbc . 23 july 2012 . retrieved 2 september 2012 . sinopec buys north sea stake from talisman . theglobeandmail.com . 23 july 2012 . retrieved 2 september 2012 . jameson berkow september 10 2012 . talisman ceo john manzoni steps down ; hal kvisle takes helm . financial post . retrieved 13 september 2012 . lauren krugel the canadian press september 12 2012 . for sale sign not up at talisman following manzoni s departure new ceo says . canadian business . retrieved 13 september 2012 . anna driver 8 october 2013 . talisman energy shares surge as carl icahn acquires stake . reuters . orihuela rodrigo ; penty rebecca 16 december 2014 . repsol agrees to buy canada s talisman for 8.3 billion . bloomberg news . rodriguez jose elias ; toyer julien 16 december 2014 . day paul ed . spain s repsol to buy talisman energy for 13 bln . reuters . talisman energy acquired by repsol in 8.3 billion deal . the globe and mail . retrieved december 24 2014 . talisman shareholders approve 8.3 billion repsol buy . petro global news . retrieved 19 february 2015 . talisman energy inc. and related canadian partnerships announce name changes . boe report . retrieved april 23 2016 . a b human security in sudan the report of a canadian assessment mission associated press november 11 2000 . talisman