Galp

The Amorim Group, the largest shareholder in Portuguese oil and gas company Galp, is putting pressure on the State to sell its share currently worth around €1Bn. Amorim has sent letters to [...]

US oil company Exxon Mobil has pulled out of the race to buy a 40% share of the 80% that Portuguese energy company Galp holds in a crude oil exploration project off the coast of Namibia at the [...]

Portuguese oil and gas giant Galp posted a profit of €624 million in the first half of 2024, up 23% on its net RCA (Replacement Cost Adjusted) result in H1, 2023. Production, however, fell in the [...]

Portugal’s oil and gas company Galp had its second best day on the Euronext Lisbon stock market yesterday since 2006 after it announced that it had struck oil off the coast of Namibia. Galp [...]

Portugal’s oil and gas giant Galp has announced that petroleum exploration in Namibia could be profitable for the company. The conclusion comes at the end of the first phase of oil exploration in [...]

Galp’s largest supplier of natural gas, Nigeria has failed to deliver the amounts agreed in a contract drawn up three years ago, despite efforts from the company, the Portuguese government and [...]

Portugal’s high tax system could make it difficult for the energy company Galp to invest in decarbonising the oil refinery at Sines and develop a lithium refinery. The company says that the [...]

The Portuguese energy company Galp posted adjusted profits of €1.2Bn in 2023; an increase of 14% on the €881 million registered in 2022. The company’s adjusted EBITDA fell 8% in like-for-like [...]

Portugal’s energy giant Galp and the US renewables company Powin have signed a partnership agreement to install an energy storage system using large-scale batteries at one of its solar parks in [...]

Portugal’s petroleum and natural gas company Galp has confirmed this month that it has discovered oil off the coast of Namibia at its Mopane – 1x well. The company had already begun [...]