Galp Energia Company News

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Will Keystone XL Fallout Lead to the Courtroom?
Here is a look back at some of Rigzone's most viewed downstream-related articles from the past week.
7:00 PM EST | January 23, 2021
$455MM in Brazil Contracts Go to Oilfield Services Trio
First oil from Bacalhau is projected for 2024. PHOTO SOURCE: Equinor
7:00 PM EST | November 09, 2020
Galp To Start Drilling Exploration Well Offshore Portugal
Galp Energia is set to start drilling the country's first deep water offshore exploration well.
8:00 PM EST | July 01, 2018
Galp Says Little Impact From Portuguese Refineries Strike
Galp Energia's refineries continued to operate this week with little impact from a strike.
8:00 PM EST | June 13, 2018
Galp Cuts Investment Plan, Sees Higher EBITDA Growth
Galp Energia cuts its spending target for the next 5 years by around 20% and trims its output growth forecast.
7:00 PM EST | February 20, 2017
Eni Board Authorizes Investment for First Phase of Coral Discovery
Eni's board of directors authorizes the investment for the first phase of the development of the Coral discovery, located in the deep waters of the Rovuma Basin offshore Mozambique.
7:00 PM EST | November 17, 2016
European Oil, Gas Companies Looking to Cut Costs Further
European oil and gas firms Eni, Total and Statoil all revealed in their latest financial results that they are looking to cut costs due to the continued low oil price environment.
8:00 PM EST | October 30, 2016
Galp Sees Faster Brazil Oil Sector Development With More Access
The opening of new projects in the subsalt areas off Brazil's coast to operators other than the financially strained Petrobras is positive and should speed up development, Galp Energia CEO says.
8:00 PM EST | October 23, 2016
Jefferies: OPEC Output Cut Unlikely
It's unlikely that OPEC will be able to maintain its planned output cut, according to oil and gas analysts at investment bank Jefferies.
8:00 PM EST | October 10, 2016
Galp Reaches Agreement to Sell 22.5% Stake in GGND
Galp Energia reaches an agreement with a consortium led by Marubeni to sell a 22.5% stake in the share capital of Galp Gas Natural Distribuicao, S.A. (GGND), for $153 million (EUR 138 million).
8:00 PM EST | July 28, 2016
Portugal's Galp Quarterly Net Profit Up 9%
Portuguese oil and gas firm Galp Energia posts a greater-than-expected 4Q profit of $166 million.
7:00 PM EST | February 07, 2016
Galp Workers Union Calls Off Monday Strike and Goes to Court
The union representing workers at Portugal's Galp Energia calls off a three-day strike at the company's refineries.
7:00 PM EST | December 26, 2015
Petrobras Said to Consider Selling Carcara Pre-Salt Field Stake
Struggling Petrobras may include promising deep-water field in a divestment plan, say two people familiar with the issue.
7:00 PM EST | December 03, 2015
Eni Sells Remaining Stake In Galp
Eni has sold its remaining 4% stake in Portugal's Galp Energia raising $348 million, Eni said.
7:00 PM EST | November 19, 2015
Sepia East Field, Offshore Brazil, Declared Commercial
Petrobras has submitted a declaration of commerciality to the Brazilian government for the Sepia East field located in the Santos Basin.
7:00 PM EST | November 12, 2015
Galp, Kosmos Awarded Sao Tome Block
Galp Energia and Kosmos Energy are awarded large stakes in Block 6, offshore Sao Tome and Principe.
8:00 PM EST | October 26, 2015
Galp Energia Sees Improved 3Q Operating Profit
Galp Energia reports that its third-quarter operating profit improved by 8.6 percent.
8:00 PM EST | October 25, 2015
Sound Oil Makes Board Changes
Sound Oil appoints 2 new non-executive directors following the resignation of Andrew Hockey and Gerry Orbell.
8:00 PM EST | September 27, 2015
Brazil And Mexico Vie for Cash From Oil Explorers in Price Rout
Brazil and Mexico are preparing to compete for investments from some of the same oil majors when they hold auctions that are only a week apart at a time the price rout is prompting spending cuts.
8:00 PM EST | August 30, 2015
Galp Produces Solid Results for 2Q 2015
Portugal's Galp Energia produces 'another solid upstream result' according to analysts who follow the firm.
8:00 PM EST | July 26, 2015
Angola Requests Bids for 10 Onshore Oil Blocks
Sonangol requests prequalified bidders to submit bids for 10 onshore oil blocks, as Africa's second largest crude exporter aims to open up new exploration opportunities.
8:00 PM EST | July 19, 2015
Galp: Cosco and BJC to Build Petrobras Oil-Platform Units
China's Cosco and Thailand's BJC Heavy Industries have won a contract to build 24 natural-gas compressors for six oil platforms being built by Petrobras and its partners in two giant offshore oil areas, one of those partners says.
8:00 PM EST | June 17, 2015
Petrobras, Galp, QGEP, Barra Confirm Large Brazil Oil Discovery
Petrobras, Portugal's Galp and Brazilian oil companies QGEP and Barra Energia have confirmed that the giant Carcara offshore find extends far beyond the initial discovery, Barra says.
8:00 PM EST | May 28, 2015
Galp, Petrobras Return Caramba Oil Prospect
Galp Energia and Petrobras return the Caramba oil block to Brazil's ANP regulator after finding it is not commercially viable.
8:00 PM EST | May 27, 2015
Petrobras Abandons Deepwater Prospect In Brazil's Top Region
Petroleo Brasileiro abandons exploration at the Caramba prospect in a deepwater region that holds the country's biggest discoveries.
8:00 PM EST | May 26, 2015
Galp Energia Sticking with Strategy for Stronger E&P Business
Investment bank Jefferies says Portuguese firm Galp Energia will continue with its strategy of strengthening its production activities, while supporting these with competitive downstream operations.
8:00 PM EST | May 18, 2015
Galp's Upstream Business Hit by Fall in Oil Price
Portugal's Galp Energia reports that 1Q profits in its exploration and production business segment were hit by lower oil prices.
8:00 PM EST | April 26, 2015
Portugal's Galp Chairman Proposes New Chief Executive
Galp Energia Chairman will propose Carlos Gomes da Silva as its new CEO after incumbent says he will not seek a new mandate.
8:00 PM EST | March 22, 2015
Galp Sees Delays In Brazil From Petrobras Graft Probe
A widening corruption probe into Petrobras is likely to delay by at least one year four major offshore oilfield projects, Portuguese partner Galp Energia says.
8:00 PM EST | March 10, 2015
Technip Wins Lula Alto Contract
Technip wins contract to supply flexible pipelines and associated equipment for the Lula Alto field offshore Brazil.
7:00 PM EST | March 01, 2015
Technip Wins Brazilian Flexible Pipe Deal
French oilfield services firm Technip wins a deal to supply high-tech flexible pipes to the Iracema North pre-salt field offshore Brazil.
7:00 PM EST | November 20, 2014
Energy Firm Galp's Profit More than Doubles, Beats Forecast
Portugal's Galp Energia posts a forecast-busting 112-percent increase in third-quarter profits.
8:00 PM EST | October 26, 2014
Portugal Galp Profit Falls Less than Expected
Portugal's Galp Energia posts a smaller-than-expected fall in second-quarter net profit after a drop in its refining margins.
8:00 PM EST | July 27, 2014
TAO-1 Well, Offshore Morocco, Drilling to Schedule
Galp Energia's TAO-1 exploration well, offshore Morocco, is drilling according to plan with Assaka and Trident objectives expected to be intersected by the end of August.
8:00 PM EST | July 13, 2014
Galp Rig Mobilized for Moroccan Drill
Galp Energia’s TAO-1 exploration well offshore Morocco is to be drilled by late June after the mobilization of the Ralph Coffman rig.
8:00 PM EST | May 21, 2014
Saudi Aramco Extends Contracts with Rowan for 3 Jackups to Work in ME
Saudi Aramco extends contracts with Rowan for three jackups operating in the Persian Gulf for another year and at a higher day rate.
8:00 PM EST | April 24, 2014
Galp Beats Expectations with Big Oil Output Increase
Portugal's Galp sees oil and gas output jump by more than 19 percent during the first quarter of 2014.
8:00 PM EST | April 14, 2014
Portugal's Galp Ups Investment Plan to Support Output Growth
Portugal's Galp Energia raises its capital spending target for the next three-to-four years to support ambitious production growth plans in Brazil and Africa.
7:00 PM EST | March 03, 2014
Portugal's Galp Beats Fourth-Quarter Profit Forecast
Portuguese oil and gas firm Galp Energia posts better-than-expected profits thanks to jump in refining margins and greater oil output.
7:00 PM EST | February 09, 2014
Portugal's Galp Q1 Profit Drops 33 Pct As Diesel Unit Costs Rise
Galp profit falls, but the company expects third-quarter production to rise mainly thanks to Brazilian projects.
8:00 PM EST | July 28, 2013
Galp Energia Sees Decline in 2Q Production
Galp sees 0.5 percent dip in second quarter production to 23,400 boepd.
8:00 PM EST | July 15, 2013
Wingat-1 Well Disappoints
Galp Energia reports that Wingat-1 exploration well, offshore Namibia, has failed to find commercial oil.
8:00 PM EST | May 20, 2013
ENI Upgrades Mozambique Gas Estimates
ENI upgrades estimates for gas finds offshore Mozambique after appraisal campaign.
8:00 PM EST | April 23, 2013
Galp Plans to Drill 12 More Wells in 2013
Galp reports a 4.3-percent increase in first quarter production as it plans to drill 12 more exploration and appraisal wells during 2013.
8:00 PM EST | April 15, 2013
Galp Plans 'Intensive' Drilling Campaign for 2013
Portuguese firm Galp Energia has scheduled several 'high impact' wells for 2013.
7:00 PM EST | February 10, 2013
Tangiers: Tarfaya Well Could Be a Company Maker
Tangiers Petroleum says that 3D seismic data for its Tarfaya well, offshore Morocco, holds a potential 750 million barrels.
7:00 PM EST | February 03, 2013
Brazil's HRT: Namibia Regulators Approve Stake Sale to Galp
Brazilian oil startup HRT Participacoes em Petroleo has received approval from Namibia's Mines and Energy Ministry for its sale of a stake in three offshore blocks to Portugal's Galp Energia.
7:00 PM EST | January 24, 2013
Galp Sees 36% Increase in Production in 4Q 2012
Portugal's Galp Energia says net production for 4Q 2012 increased 36 percent to 17,700 barrels of oil equivalent per day.
7:00 PM EST | January 20, 2013
Americas Ahoy for Floating Liquefaction?
The FLNG community are closely watching Shell's Prelude project in Australia's deepwater Browse Basin as it stands to serve as a template for the world's first floating liquefaction facility to exploit remote offshore gas reserves.
8:00 PM EST | April 24, 2012
Santos Basin Extension Well a Success for Petrobras
Petrobras finds high potential of pre-salt reservoirs at an extension exploratory well located in the Iara Evaluation Area in the pre-salt of Santos Basin.
8:00 PM EST | April 09, 2012