Press Releases

Galp Energia signs credit facility of €700 million - Galp Energia, SGPS, S.A. (“Galp Energia” or “Company”) has signed yesterday a €700 million credit facility in the form of Floating Rate Notes with a final maturity of 4 years with attractive terms and conditions.
Start of production tests in Tupi field - The contractor group including Petrobras, BG Group and Galp Energia, for oil and natural gas exploration, development and production in BM-S-11 in ultra deep water of Santos Basin, announces that the FPSO BW Cidade de São Vicente begins operations today, marking the inauguration of the extended well test (“EWT”) in Tupi field.
Galp Energia awarded at the Investor Relations Global Rankings 2009 - Galp Energia ranked first at European level, second in the Oil & Gas industry and third in the world, for the “Best Financial Disclosure Procedures” award at the 11th edition of the Investor Relations Global Rankings 2009, among over 150 companies world wide.
Incident at Sines refinery utilities unit - On 17 January at approximately 9 pm a fire occurred at the utilities unit of the Sines refinery. The fire was brought under control by the industrial complex’s emergency response team, with no personal injuries or environmental damages.
Galp Energia and Sonae Distribuição agree the termination of the agreement for the exploration of Continente’s service stations - This agreement, which included the set of petrol stations integrated in Sonae Distribuição pursuant to the acquisition, in December 2007, of the ex-operations of Carrefour Portugal, was entered into in February of 2008 and was awaiting the decision from the Portuguese Competition Authority.