Galp | Press releases

Galp organizes Galp Atlantic Meeting conference - Conference is held this Wednesday under the umbrella of the Portugal Shipping Week international event organized for the first time in our country. The role of Portugal as a maritime centre of global transport and logistics, international trade trends and innovation in the sector will be among the topics under analysis

Galp leads Dow Jones European index - Moves into top 3 of world’s most sustainable companies

Galp reaches all Mozambican provinces and invests in two new logistical bases - Reinforcement of the service station network, having doubled the number of service stations in the country in only four years. Company is investing in two new logistical bases in Matola and Beira. Gas projects in the Rovuma basin position Mozambique as one of Galp's growth drivers for the next decade. Galp has been present in Mozambique for more than 60 years and is one of the largest foreign investors in the country.

International activities boost earnings - Oil and gas working interest production increased 20% with addition of new Brazilian pre-salt unit and its ramp-up to maximum capacity production. Energy efficiency and increased exports benefit refining system. Capex of €218 million boosts 1st half investment to €364 million. Adjusted net income totals €251 million.

Galp produces 1st oil in Angola's Kaombo project - Angola is expected to once again contribute to the growth of Galp’s average daily production, which stood at 108.1 thousand barrels in the 2nd quarter. Kaombo’s development plan comprises two FPSOs with a combined daily production capacity of 230K barrels. The second FPSO unit is scheduled to start operating as early as next year.

Galp and IBM build cutting-edge Artificial Intelligence advisor to speed-up appraisal of oil and gas prospects and discoveries - Prototype is the result of a three-year research project between Galp’s Brazilian unit, Petrogal Brasil, and IBM Research-Brazil. Project undertaken under Brazil’s ANP R&D incentive framework. This tool is trained on knowledge from previous evaluations and experiences and improves its capabilities by interacting with users or ingesting more data

Mozambique’s Area 4 consortium submits development plan for the Rovuma LNG Phase 1 - The project comprises two LNG trains which will produce 7.6 mtpa. The Final Investment Decision is expected in 2019 and first gas in 2024.

Galp to align participating interest in the Greater Carcará area - Following the transactions, Petrogal Brasil will hold 20% in each of the two licenses, while Equinor, the operator, and ExxonMobil will each have 40%. The acquisition of the additional 3% interest is valued at c.$114 million. Galp aims to expand in core areas, such as the Brazilian pre-salt, by developing selected high-quality assets through strong partnerships.

Galp joins the United Nations in promoting gender equality - The company subscribed to the United Nation's seven gender equality principles.

Galp acquires Uirapuru block stake in Brazil’s 4th production sharing bid round - Galp will hold a 14% stake in this new pre-salt area, and Petrobras, who exercised its operatorship rights, will hold 30%. ExxonMobil and Equinor will each hold 28%. Acquisition is part of Galp’s strategic commitment to strengthen its position in high-quality assets in core areas.

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Press Releases