Gas and Petroleum

The Portuguese energy company Galp is divesting its interests in renewable energy assets in Spain as part of a review of its strategy on the Iberian peninsula, selling off solar projects in [...]

Portuguese construction giant Mota-Engil told investors today that a consortium in which it has a 33% presence, has signed a new contract with Brazil’s energy company Petrobas for €700 million. [...]

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 [...]

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 has begun importing more natural gas from Russia, increasing the volume by 33% after imports fell 62% in 2022. It is now the third main supplier of gas after Nigeria and the United [...]

Portugal oil and gas company Galp opened a 144MW solar energy project involving four solar parks in Alcoutim in the Algarve today. The project, which began in March 2022, is the company’s first [...]

Portugal’s petroleum and gas company Galp practically doubled its profits in 2022, in part thanks to the instability in oil and gas prices that sent energy costs soaring after Russia’s invasion [...]

Portugal’s oil and gas giant Galp has posted a net profit of €608 million to September, 2022, up 86% on the same period in 2021. All segments of the business showed “a strong performance” but the [...]

CaixaBank BPI Equity Research has estimated that the tax on windfall profits made by Portuguese energy company Galp — profits made as a result of the energy crisis rather than from ordinary [...]

Portugal’s business confederation CIP says that the price cap mechanism agreed with Brussels to limit electricity inflation, if sensibly applied, will help companies offset spiralling energy [...]