Press Releases


Galp rolls-out measures to help fight COVID-19 - <ul><li>29 ventilators offered Portugal’s NHS. Eight to be delivered today</li> <li>Support to the National Medical Emergency Institute’s (INEM) ambulances and vehicles to collect the samples for diagnostic analyses</li> <li>Energy support packages to more than 500 Private Social Solidarity Institution (IPSS)</li> <li>Free media space for nationwide awareness campaign by the DGS</li>
Capital Markets Day: Positioning Galp for the future of energy - Galp embraces the energy transition, maintaining a strong financial discipline and a sustained and profitable growth. Business reorganization with a new client-centered focus and a new division dedicated to renewables and new business models. Adjusted RCA Ebitda rose to €2.4 billion. CFFO totaled €1.9 bn, a 19% increase year-on-year, of which 72% originated outside of the Iberian market. Adjusted net income totaled €560 million and IFRS net income stood at €389 million. Capex of €856 million focused on E&P projects, energy efficiency initiatives at the company’s refineries and at the modernization of the distribution network
Galp becomes largest Iberian solar power player - Galp agreed with the ACS Group to acquire, develop and build solar photovoltaic projects in Spain. Transaction provides access to an installed capacity of 2.9 GW by 2023 .Acquisition accelerates renewables investment strategy, promoting the energy transition
Galp joins the Hydrogen Council and mulls projects to promote hydrogen economy in Portugal - Galp enters global network that brings together Energy, Transportation, Industrial and Finance multinationals with a common vision on hydrogen. Specific projects include hydrogen service-station and green hydrogen production for industry, mobility and grid injection.
Galp creates innovation facility to accelerate energy transition - UP – Upcoming Energies is the name of a collaboration platform which will be launched in the beginning of 2020, based in Lisbon, and which intends to open Galp’s door to the global innovation ecosystem. Galp’s new innovation facility will be focused on the search of solutions for the axes of energy transition, mobility, digital and circular economy.
Galp increases solar power purchases in Spain through long-term contracts with Grenergy - 12-year contracts will add up-to 360 GWh per year additional solar energy to Galp’s portfolio, which now totals more than 650 GWh. That’s enough energy to power more than 200,000 households with savings of more than 430 ktons of CO2 per year. More than half of the electricity commercialized by Galp in 2018 originated in renewable sources.
Datathon | Galp challenges data scientists to innovative competition at the Sines Refinery - <ul> <li>Data scientists teams from universities in Portugal, Spain and England gathered in Sines for a competition designed to optimise industrial processes in the refinery. </li><li>The digital transformation applied to the industry (Industry 4.0) integrated in Galp’s global strategy aims to develop innovative solutions that improve operations and make Galp a smart company.</li><li> The competition, focusing on Analytics and Big Data, will award a 50 thousand Euro prize to the winning team.
Galp’s 10th oil and gas floating production unit starts operating in Brazil’s offshore pre-salt region - The P-68 is instrumental in keeping the company’s oil and natural gas production growth trajectory in Brazil. The unit has a total daily processing capacity of 150 thousand oil barrels and 6 million cubic meter of natural gas. It is located 230 km from shore, in water depths of 2.280 meters, and will be connected to 10 production wells.
Galp to supply cleaner marine fuels at Portuguese ports from this week - New marine fuel oil with maximum of 0.50% sulphur content complies with the new IMO regulations applying to all ships from Jan. 1st. Very Low Sulphur Fuel Oil (VLSFO) available at all mainland Portuguese ports.
Galp set for new growth cycle, boosts investment on projects for the energy transition - • About 85% of nine-month Ebitda generated in international markets<BR> • €573 million capex focused on large exploration projects, but also on the energy efficiency of the company’s refining system<BR> • Average annual capex up to 2022 increased to between €1.0 and € 1.2 billion of which more than €400 million earmarked for energy transition projects<BR> • Adjusted Ebitda at the end of September was in line with the same period of 2018; adjusted net income decreased to € 403 million
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