Petroleum and Natural Gas

The Spanish energy company Repsol is to terminate all green hydrogen projects in Spain and divert them to Sines in Portugal where it will build a new electrolyser. Reacting to the news, 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 is to invest €128 million on keeping its refinery at Sines in tip-top operational condition. Part of the industrial unit that houses the sole refinery left in [...]

Portuguese energy giant Galp is to slash electricity bills for its customers by around 11% from the start of 2023 while keeping natural gas bills unchanged for the first quarter of 2023. [...]

The Portuguese government is to move ahead with its plans to tax excessive profits in energy and food distribution sectors. The government says the new tax will be introduced to “offset the [...]

The Port of Sines in the Setúbal district is studying the possibility of turning a multi-use quay into a terminal to ship renewable gases facility in a €20 million investment. “We will undertake [...]

National imports of natural liquified gas (LNG) from the United States shot up by 1000% in the first three months of the year. At the same time, LNG imports from Russia were “residual’ when [...]