Wingat-1 Well Disappoints
Tuesday, May 21, 2013 Galp Energia reports that Wingat-1 exploration well, offshore Namibia, has failed to find commercial oil.
ENI Upgrades Mozambique Gas Estimates
Wednesday, April 24, 2013 ENI upgrades estimates for gas finds offshore Mozambique after appraisal campaign.
Galp Plans to Drill 12 More Wells in 2013
Tuesday, April 16, 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.
Galp Plans 'Intensive' Drilling Campaign for 2013
Monday, February 11, 2013 Portuguese firm Galp Energia has scheduled several 'high impact' wells for 2013.
Tangiers: Tarfaya Well Could Be a Company Maker
Monday, February 04, 2013 Tangiers Petroleum says that 3D seismic data for its Tarfaya well, offshore Morocco, holds a potential 750 million barrels.
Brazil's HRT: Namibia Regulators Approve Stake Sale to Galp
Friday, January 25, 2013 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.
Galp Sees 36% Increase in Production in 4Q 2012
Monday, January 21, 2013 Portugal's Galp Energia says net production for 4Q 2012 increased 36 percent to 17,700 barrels of oil equivalent per day.
Americas Ahoy for Floating Liquefaction?
Wednesday, April 25, 2012 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.
Santos Basin Extension Well a Success for Petrobras
Tuesday, April 10, 2012 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.
Galp to Invest $4.87B 2012-2015
Monday, March 14, 2011 Galp will invest $4.87B next year through 2015 as it ramps up spending to pay for the firm's share to develop massive oil fields offshore Brazil.
Petrobras Confirms Studying ENI Stake in Portugal's Galp
Tuesday, January 04, 2011 Petrobras confirmed that it's evaluating buying all of Italian oil major Eni's 33.34% stake in Galp Energia.
Petrobras, Partners Sign $3.4B Deal for 8 Platforms
Thursday, November 11, 2010 Petrobras and partners have signed 2 contracts worth a total of $3.46B for the construction of eight hulls to be used in the Santos Basin.
New Well Sweetens Tupi's Oil Potential
Thursday, April 08, 2010 Petrobras has completed a successful Tupi field step-out appraisal well in the Santos Basin, offshore Brazil.
Petrobras, YPF and Galp to Prowl Uruguayan Waters
Wednesday, February 10, 2010 Petrobras YPF and Galp have signed a production sharing agreement with Ancap to search for oil and gas on the Uruguayan continental shelf.
Petrobras: No Negotiation in Progress for Stake in Galp
Friday, January 15, 2010 Petrobras has clarified the news on a potential acquisition of the stakes held by Eni in Galp Energia; possible exploration partnerships with Galp; and contracts for oil products distribution in Europe.
Petrobras in Talks to Buy Stake in Galp Energia
Thursday, January 14, 2010 Mines and Energy Minister Edison Lobao confirmed that Petrobras is in talks to buy a stake in Portugal's Galp Energia.
Petrobras Awards FEED Contract for Floating LNG Unit
Monday, December 21, 2009 Petrobras, BG Group, Repsol and Galp have awarded the tender to develop the FEEDs for an onboard natural gas liquefaction unit.
Repsol Betting on Brazilian Subsalt Finds for Growth
Wednesday, December 16, 2009 Exploring for oil under the layers of salt that lie thousands of meters below the seabed is difficult and costly, but Repsol is betting on it to pay off.
Iara Formation Tests Prove Area's Potential at 3-4B Barrels
Wednesday, December 09, 2009 Formation tests at Iara, located in the BM-S-11 block offshore Brazil, have proven the area's exploratory potential and recoverable volume of between 3 to 4 billion barrels of oil and natural gas.
Repsol, Galp Join Natural Gas Liquefaction Project in Brazil's Pre-Salt
Tuesday, December 08, 2009 Repsol and Galp have entered into a joint venture, formed by Petrobras and BG Group to develop the Front End Engineering and Design of a FLNG unit to operate in the pre-salt area of the Santos Basin.