6 articles
An arbitration tribunal ruled Venture Global breached its long-term LNG supply agreement with Galp by delaying operations, potentially diverting cargoes to the spot market. Damages will be determined
Portugal approved a temporary windfall tax on oil companies' excess profits to fund household relief and green investments, causing Galp shares to drop 3.2% amid rising fuel prices.
Portuguese energy firm Galp filed arbitration against Mozambique over a tax dispute concerning its 10% stake sale in the Area 4 Rovuma Basin oil project to XRG. The case involves disagreements over ca
Portugal's Galp Energia reported a 41% surge in first-quarter core profit to €943 million EBITDA, driven by a 23% increase in Brazilian oil output and higher Brent crude prices averaging $81.1 per bar
Portugal's Galp stated it does not anticipate jet fuel shortages despite airline concerns, citing adequate national production and diversified import sourcing. It plans to prioritize supplies from the
Galp and Moeve are negotiating a merger of their Iberian downstream operations, creating a new entity focused on refining, petrochemicals, and supply activities across Spain and Portugal.
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