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Galp Energia Nom

Galp Energia, SGPS, S.A. operates as an integrated energy operator in Portugal and internationally. The company operates through four segments: Upstream, Industrial & Midstream, Commercial, and Renewables. The Upstream segment engages in the exploration, development, and production of hydrocarbons primarily in Brazil, Mozambique, and Namibia. The Industrial & Midstream segment involved in refining and logistics business in Portugal, as well as is involved in activities related to oil products, carbon dioxide, gas, and power supply and trading activities. This segment also includes co-generation. The Commercial segment is involved in the areas of retail to final business-to-business and business to oil, gas, electric mobility, power and non-fuel products. The Renewables segment is involved in the renewables power generation and new businesses. In addition, the company engages in the reinsurance business. The company was formerly known as Galp " Petróleos e Gás de Portugal, SGPS, S.A. and changed its name to Galp Energia, SGPS, S.A. in September 2000. Galp Energia, SGPS, S.A. was incorporated in 1999 and is headquartered in Lisbon, Portugal.

Price · split & dividend adjusted
News & notes moving 0B67.LSE
0B67.LSE

Namibia Pulls Ahead of South Africa in Orange Basin Oil Race

Namibia is rapidly emerging as Africa's next major oil producer while neighboring South Africa, which controls roughly two-thirds of the same Orange Basin petroleum province, remains years behind in developing essentially the same petroleum system. TotalEnergies' deepwater Venus Project in offshore Namibia now targets an initial production capacity of roughly 150,000 barrels of oil per day, with first oil aimed for 2030, and the Venus-1X discovery is estimated to contain 1.5 billion barrels of light crude and 4.8 trillion cubic feet of gas. TotalEnergies has also taken over operations of the massive Mopane discovery from Portugal's Galp Energia. Last month, Shell and its JV partners reported a major oil discovery at the Merlin-1X exploration well within Petroleum Exploration Licence 39, with recoverable reserves estimated at 750 million barrels for Phase 1, marking a critical turnaround after a $400 million impairment earlier in 2025 on older discoveries. Namibia's rapid ascent has been driven by a stable, single-window regulatory model that allows exploration and appraisal permits to be secured within three to nine months, while South Africa's overlapping regulatory authority and prolonged approval processes can stretch permitting timelines to as long as five years, compounded by ongoing environmental litigation that has blocked projects.
Oilprice.com·23dRead more ▾
0B67.LSE

Galp Q2 net income rises to 762 million euros

Galp Energia reported second-quarter IFRS net income attributable to shareholders of 762 million euros, up from 315 million euros a year earlier. RCA Ebitda reached 1.27 billion euros compared with 840 million euros in the prior year, driven by strong operational delivery across all businesses amid volatile commodity prices. RC net income attributable to shareholders rose 73% to 681 million euros, while turnover increased 35% to 6.80 billion euros. The company also announced a proposed 10% dividend increase to 0.70 euros per share, with a first interim payment of 0.35 euros payable in August 2026.
RTTNews·31dRead more ▾