Galp

Companies 28th April 2026

Galp posts €111 million loss in Q1 2026 due to impact of one-off items, but increases profit by 41% to €272 million

Norbolsa | The Portuguese oil company beats expectations, with EBITDA up 41% due to increased production and higher crude oil prices, reaching €943m compared to the consensus estimate of €890m. Production in Brazil rose by 23% in Q1. Galp recorded losses of €111 million in the first quarter of the year due to the impact of one-off items largely related to outstanding financial derivatives. However, excluding these amounts, the company…

Companies 12th January 2026

Merger of Moeve and Galp’s downstream businesses brings them closer to Repsol in number of service stations and refining capacity

Norbolsa | Moeve and Galp announced last week that they are in negotiations to merge their downstream businesses. The possible creation of two European energy platforms is being evaluated: An industrial platform focused on refining, chemicals, trading, green molecules and low-carbon fuels, aimed at serving B2B customers (IndustrialCo); Moeve’s current shareholders, Mubadala and Carlyle, will control the industrial platform, while Galp will retain a stake of more than 20%. Another…

Companies 8th January 2026

Moeve and Portugal’s Galp to integrate downstream businesses to create two energy and mobility platforms on Iberian Peninsula

Alphavalue/ Divacons | Formerly Cepsa, now Moeve, and Portuguese oil company Galp are negotiating the integration of their petrol stations and refineries (downstream businesses). The aim is to create two leading platforms in the Iberian Peninsula in energy and mobility. On the one hand, an industrial platform will be created with refining, trading, chemical and energy activities based on green molecules (biofuels and hydrogen), serving B2B customers with a competitive…

World economy 3rd July 2024

Exxon, Chevron, Shell and TotalEnergies interested in buying 40% of Galp’s offshore field in Namibia

Norbolsa | Many majors are interested in taking a 40% stake in Galp’s major offshore field in Namibia. Among the candidates are Exxon, Chevron, Shell, TotalEnergies, Petrobras, Woodside Energy and Apache Energy. This field, Mopane, has estimated reserves of 10 billion barrels and could be worth around $10 billion. Namibia, which lacks oil and gas production, has attracted huge interest from international energy companies in recent years following a series…

World economy 12th January 2024

Galp Energia discovers oil field in Namibia, but total reserves to be exploited not known

Singular Bank | The Portuguese energy company has risen 8% following news of a bumper offshore oil discovery in Namibia. Galp is the operator and holds an 80% stake. In addition, the Namcor (10%) and Custos (10%) companies are participating in the discovery, the total reserves that may be exploited in the field are unknown. Galp has carried out several well drilling projects offshore Namibia since 2019. In fact, the…

Companies 28th March 2016

The Angolan Woman Pushing CaixaBank Towards A Nervous Breakdown

F. Barciela and F.G. Ljubetic | For several years, Spain’s third biggest bank has been trying to gain full control of Portuguese lender BPI, in which it already holds 44.1%. But up until now it has been unable to fulfill its objective. And it seems undeniable that the reason for CaixaBank’s failure is a young Angolan woman. Isabel dos Santos, 43, is the oldest daughter of José Eduardo dos Santos, one of the longest serving presidents in Africa.