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Galp Energia

Company Summary

Description

The Galp Group is a Portuguese corporation which consists of more than 100 companies engaged in activities such as natural gas supply, regasification, transport, storage, and distribution; petroleum products exploration, production, refining, trading, logistics and retailing; co-generation and renewable energy

Related Entities

Firm Transport Commitments

Project: Calcasieu Pass LNG Terminal
Firm Commitment: 1 mtpa

Recent news

  • 3/11/2024 - European Energy... (subscriber access)
  • 2/29/2024 - BP Urges U.S. Regulators... (subscriber access)
  • 9/25/2023 - Galp & Mitsui Reach FID... (subscriber access)
  • 7/13/2023 - NextDecade Makes... (subscriber access)
  • 7/5/2022 - Algeria Increases... (subscriber access)

Company Transactions

Date: 6/30/2018
Type: Acquisition

BUYERS:
  • ExxonMobil Corporation
  • Galp Energia
    • SELLERS:
  • Equinor ASA
    • DETAILS:

    COST: 250 $MM

    NOTES:
    Statoil reported that once the acquisition of a 10% stake in the BM-S-8 Block from Queiroz Galvão Exploração e Produção closes, they will divest a 3.5% stake in the block to Exxon and a 3% stake to Galp for $250 million. Upon closing of this transaction, and several others, Statoil and Exxon will each own a 36.5% interest in the BM-S-8 Block and Galp will own 17%.
    REGIONS:
  • Santos Basin