Galp | Press releases

Manuel Ferreira De Oliveira (1948 - 2019) - It is with deep sorrow that we received the news of the disappearing of Manuel Ferreira De Oliveira who, due to his dedication and passion to the energy industry and particularly to our company - to which he dedicated most part of his professional life -, leaves an indelible mark on all of us.

Galp has cut carbon footprint by more that 500 ktons of CO2e in 2018 -

Galp leads Dow Jones Sustainability index in Europe, sticks to Top 3 of world’s most sustainable companies - Europe’s best and world’s nº3 Oil & Gas Upstream & Integrated company<br> World-leading score in the Environmental dimension<br> Galp has been a staple of the DJSI for a consecutive eight years

Galp Gas Natural and NOS test smart meters -

Brazilian oil and gas regulator approves Atapu and Sépia unitisation agreements - The Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) approved the Unitisation Agreements (UA) related with the Atapu and Sépia accumulations. These had been submitted by the BM-S-11A and BM-S-24 consortia, respectively, along with Petrobras, for the Transfer of Rights area (ToR) and Pré-Sal Petróleo S.A. (PPSA) for Atapu open area.

International activity drives earnings - More than 82% of first-half Ebitda came from international activities. Oil and gas production rose 6% with contributions from added. production units in Angola and Brazilian ramp-ups. Cash flow generation rose 17% to €501 million; net debt reduced by 8%. Adjusted first-halp Ebitda rose 2%, to €1.1 billion.

International projects support earnings - More than 86% of first-quarter Ebitda came from international activities. Oil and gas production rose 8% with contributions from added production units in Brazil and Angola. Ebitda rose 9% to €494 million in the first quarter from a year earlier. Adjusted net income declined to €103 million as tax costs increase.

Second unit in Angola offshore Block 32’s Kaombo project starts production - The second unit installed in less than one year will double the project’s installed capacity to a combined 230,000 barrels of oil and gas. Total recoverable volumes are estimated at around 650 million barrels.

Humanitarian aid to Mozambique - The Galp Foundation will provide emergency supplies to support the Red Cross’s relief effort. Galp employees collect food and essential goods.

Brazil approves unitisation agreement for the Santos basin pre-salt Lula accumulation - The agreement redistributes the individual participations in a reservoir that extends beyond the BM-S-11 concession area, in which Galp holds a stake. Galp will henceforth hold a 9% stake in an wider area.

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Press Releases