Galp | Press releases

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

Galp supports new company, Flow, to revolutionize corporate fleets and urban electric mobility - Flow's platform speeds-up application of Software as a Service (SaaS) and Mobility as a Service (MaaS) to fleet management, electrification and vehicle-sharing.<br> This fully-integrated solution also manages urban mobility systems that combine private and public transportation and a charging infrastructure.

Mozambique Area 4 joint venture awards substantial construction works of Rovuma LNG project - EPC contract awarded to JFT, a consortium constituted by JGC, Fluor and TechnipFMC, world-leading contractors. Award paves way for the start of midstream and upstream early project activities, estimated at around $500 million. FID expected to take place in 2020 and first LNG in 2025. Decision reinforces Galp’s commitment to develop Area 4’s high-quality resources

Galp to provide solar energy to customers through power purchase agreements with X-Elio - Energy from 200 MW PV projects in Spain will become available from 2020. Agreements cover equivalent of 358 GWh/year for 12 years.

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Press Releases