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Galp Sees 2021 Group RCA EBITDA To Surpass 2.3 Bln Euros
Galp Q3 Adj. Net Result Turns To Profit Of 161 Mln Euros YoY
Galp Signs 732 Mln Euros Financing Agreements With EIB To Develop Solar Plants And Charging Stations
Galp Energia SGPS SA (Galp) is a Portugal-based holding company engaged in the oil and gas industry. Galp’s activities are divided into three business segments: Exploration and Production; Refining and Marketing, and Gas and Power. In the Exploration and Production segment, the Company explores, develops and produces oil and natural gas, operating in approximately 40 projects worldwide. In the Refining and Distribution area, Galp Energia SGPS SA is active in the operation of oil and gas refineries for the production of gasoline, as well as in the marketing of petroleum. The Company operates two refineries in Portugal. In the Gas and Power segment, Galp Energia SGPS SA is mainly engaged in the distribution and marketing of natural gas, as well as in the generation and sale of electricity.
Oil & Gas - Integrated
Rua Tomas da Fonseca - Torre A
Paula Fernanda Ramos Amorim
Non-Executive Chairman of the Board
Chief Executive Officer, Vice Chairman of the Board of Director
Miguel Jose Pereira Athayde Marques
Non-Executive Vice Chairman of the Board, Lead Independent Director
Filipe Quintin Crisostomo Silva
Chief Financial Officer, Executive Director
Carlos Manuel Costa Pina
Executive Director, Chief Operating Officer - Corporate
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Portuguese oil company Galp Energia on Monday raised its 2021 earnings outlook after higher oil prices and positive refining margins buoyed profitability in the third quarter.
The atmospheric distillation unit at Portugal's 225,000-barrel-per-day Sines oil refinery owned by Galp Energia has been in an unplanned outage since the beginning of last week, the company said.
Portuguese oil and gas company Galp Energia swung to a net profit in the second quarter thanks to higher crude prices and refining margins, but cautioned on the continued impact of the COVID-19 pandemic.
Portugal's Galp Energia , a partner in an Exxon Mobil-led gas consortium in Mozambique, will not invest in onshore plants there until authorities guarantee security and social stability, which may take time, CEO Andy Brown told Reuters.
Portugal's Galp Energia, a partner in an Exxon Mobil-led gas consortium in Mozambique, will not invest in onshore plants there until authorities guarantee security and social stability, which may take time, CEO Andy Brown told Reuters.
Portugal's Galp Energia will sharpen its focus on renewable energy and limit fossil fuel spending to already approved developments, resulting in a 20% cut in five-year capital expenditure, the company said on Wednesday.
Portugal's Galp Energia temporarily suspended fuel production at its smallest oil refinery at Matosinhos due to unstable national and international markets shaken by the coronavirus pandemic, a Galp spokesman said on Tuesday.
Portugal's Galp Energia (GALP.LS) partially resumed production at its Sines refinery on Tuesday, the company said, after a lack of storage space for unused fuel amid a drastic drop in demand because of the coronavirus outbreak brought it to a halt.
Portugal's Galp Energia said on Monday the collapse in demand caused by the coronavirus pandemic was set to further impact its performance in the second quarter as it slashed its planned investment for this year by about half.
Portugal's Galp Energia said on Monday the collapse in demand caused by the coronavirus pandemic was set to further impact its performance in the second quarter as it slashed its investment plan by about a half this year.
* SAYS UNCERTAIN RECOVERY PROFILE FROM Q3 2020 ONWARDS. PREPARED TO ADAPT QUICKLY IF THAT IS TO HAPPEN SOONER AND STRONGER THAN EXPECTED
Portugal's Galp Energia will suspend output as its largest oil refinery at Sines for a month from May 4 as the drastic drop in demand due to the coronavirus outbreak has left the company out of storage space, a Galp spokesman said on Tuesday.
Portuguese oil company Galp Energia <GALP.LS> said on Tuesday it would kick off its green business by installing renewable energy capacity of 10 gigawatts in the decade ahead, enough to power millions of homes.
The chief executive of Portugal's Galp Energia said on Tuesday a joint stake in the oil company held partly by Isabel dos Santos had not been affected by judicial investigations into alleged corruption by the Angolan billionaire.
Portuguese oil company Galp Energia said on Tuesday it will kick off its green business by installing renewable energy capacity of 10 gigawatts in the decade ahead.
Portuguese oil and gas company Galp Energia <GALP.LS> will buy solar power projects from Spain's ACS <ACS.MC>, envisaging total spending of 2.2 billion euros in the next four years and making Galp the leading solar power producer in Iberia.
* SAID ON FRIDAY THAT THE BANK OF NEW YORK MELLON CORPORATION'S SUBSIDIARIES BNY MELLON IHC, LLC AND MBC INVESTMENTS CORPORATION DECREASED THEIR HOLDINGS IN GALP’S VOTING RIGHTS TO BELOW THE 2% THRESHOLD
* SAID ON THURSDAY THAT THE CONSORTIUM SUBMITTED A DECLARATION OF COMMERCIALITY FOR THE CARCARA DISCOVERY IN THE SANTOS BASIN, OFFSHORE BRAZIL
* SAID ON TUESDAY BANK OF NEW YORK MELLON INCREASED ITS INDIRECT HOLDINGS IN GALP'S VOTING RIGHTS TO 2.01%
Portugal's Galp Energia earmarked between 1 billion euros ($1.11 billion) and 1.2 billion euros in annual investment until 2022 in an increase from up to 1 billion under a previous plan, seeking to expand its natural gas and renewable energy business.
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