Press Releases - List

Sines Refinery turns 40 with new wave of investments - This press release is only available in Portuguese

Galp Foundation is part of an energy transition project that impacts 220,000 people in Guinea-Bissau - The Fumukaba project promotes the substitution of charcoal for butane in the preparation of food, benefiting more than 25,000 households. Funded by the EU and the Galp Foundation, it will have a strong impact on the health of Guineans and in reducing the devastation of forests

3rd Quarter Results: International expansion drives growth - More than 80% of Ebitda originated from international activities. New units in Brazil and Angola contribute to 10% increase in oil and gas production in the 3rd quarter from same period a year earlier. Capex of €234 million in the quarter brings year-to-date total investment to €597 million. Sines and Matosinhos planned stoppages improve refineries’ efficiency. Adjusted 3rd quarter net income totals €212 million.

Galp’s 8th floating unit starts production in Brazil’s pre-salt - The P69 has a production capacity of 150,000 kboepd. It is the 8th unit installed in eight years. Lula/Iracema’s total installed capacity tops 1 mln barrels.

Galp tops 100 million barrels produced in Brazil ahead of celebrating two decades in the country - The company’s average daily production surpassed 100 kboepd, in the second quarter, making it Brazil’s third-biggest producer; Galp has invested upwards of $5 billion on the development of its projects in the pre-salt, which it pioneered. Strong presence at the 2018 Rio Oil & Gas, Latin America’s largest Oil & Gas trade fair.

Carlos Gomes da Silva elected best CEO in Investor Relations by Deloitte and Forbes - [This press release is only available in Portuguese]

Galp organizes Galp Atlantic Meeting conference - Conference is held this Wednesday under the umbrella of the Portugal Shipping Week international event organized for the first time in our country. The role of Portugal as a maritime centre of global transport and logistics, international trade trends and innovation in the sector will be among the topics under analysis

Galp leads Dow Jones European index - Moves into top 3 of world’s most sustainable companies

Galp reaches all Mozambican provinces and invests in two new logistical bases - Reinforcement of the service station network, having doubled the number of service stations in the country in only four years. Company is investing in two new logistical bases in Matola and Beira. Gas projects in the Rovuma basin position Mozambique as one of Galp's growth drivers for the next decade. Galp has been present in Mozambique for more than 60 years and is one of the largest foreign investors in the country.

International activities boost earnings - Oil and gas working interest production increased 20% with addition of new Brazilian pre-salt unit and its ramp-up to maximum capacity production. Energy efficiency and increased exports benefit refining system. Capex of €218 million boosts 1st half investment to €364 million. Adjusted net income totals €251 million.

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