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Galp Energia, SGPS, S.A. (GLPEF)

22.03

0.00

(0.00%)

At close: April 24 at 9:30 AM EDT

UPDATE 2-European stocks rebound after last week's selloff, eyes on earnings and data

The continent-wide STOXX 600 index rose 0.6%, rebounding from last week's selloff triggered by geopolitical concerns as well as worries that the Federal Reserve will delay interest rate cuts. Greece's ATHEX index gained 2.0% after credit ratings agency S&P revised the country's outlook to "positive" from "stable".

Reuters 3 days ago

GLPEY
+2.25%
ALSMY
Galp Jumps After Saying Namibia Oil Find May Be ‘Important’

(Bloomberg) -- Galp Energia SGPS SA’s shares jumped after the Portuguese oil company said a well test “potentially” indicates Mopane could be an important commercial find in Namibia.Most Read from BloombergTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayTikTok to Remove Executive Tasked With Fending Off US ClaimsChina Is Front and Center of Gold’s Record-Breaking RallyTesla Spends Weekend Cutting Prices of Cars and FSD SoftwareThe Fed’s Forecasting Method Looks Increasingly Outdate

Bloomberg 3 days ago

GLPEY
+2.25%
Portugal's Galp says field off Namibia could contain 10 billion barrels of oil

Portuguese oil company Galp Energia said on Sunday it had concluded the first phase of exploration in the Mopane field off the coast of Namibia and estimated it could have at least 10 billion barrels of oil. Galp said it conducted testing operations at the Mopane-1X well in January and the Mopane-2X well in March. The Mopane field is located in the Orange Basin, along the coast of the southern African country, where Shell and France's TotalEnergies have made several oil and gas discoveries.

Reuters 4 days ago

GLPEY
+2.25%
Oil & Gas Stock Roundup: XOM's Guyana Find and DRQ's Merger Take Center Stage

XOM, DRQ, SHEL, GLPEY and CVX emerge as the energy headline makers during the week.

Zacks 28 days ago

CVX

DRQ

XOM
Galp Energia (GLPEY) Discovers Oil in Namibia's Orange Basin

Galp Energia (GLPEY), along with its partners National Petroleum Corporation of Namibia and Custos Energy, discovers oil in the Mopane 2X well offshore Namibia.

Zacks last month

GLPEY
+2.25%
ET

SUN
Energy & Utilities Roundup: Market Talk

Read about the U.S. rig count, Encavis, Kazatomprom Galp Energia and more in the latest Market Talks covering Energy and Utilities.

The Wall Street Journal last month

GLPEF
0.00%
GLPEY
+2.25%
UPDATE 1-BP asks US regulators to reject Venture Global's permit extension request

BP Plc on Tuesday urged U.S. regulators to refuse Venture Global LNG's request for an extension of time to build its Calcasieu Pass export plant. BP says the plant is effectively commissioned and wants the Federal Energy Regulatory Commission (FERC) to grant it access to Venture Global's confidential commissioning documents. As of Oct. 26, 2023, all Venture Global Calcasieu Pass (VGCP) liquefaction blocks "completed commissioning and are fully operational, accordingly ... no extension is necessary," BP said in its letter to the FERC.

Reuters last month

BP

GLPEY
+2.25%
REPYY
UPDATE 1-Venture Global LNG says it won't provide confidential documents unless ordered

Venture Global LNG on Monday told U.S. regulators it will not provide energy firms Repsol SA and Galp Energia with confidential documents on a Louisiana export terminal's operations unless ordered to do so. Repsol and Galp have asked the Federal Energy Regulatory Commission (FERC) to require U.S. LNG exporter Venture Global to disclose commissioning reports submitted to the regulator for its Calcasieu Pass LNG project.

Reuters last month

REPYY

GLPEY
+2.25%
BP
Galp Expects Lower Earnings This Year

Galp forecast weaker earnings for 2024 after profits fell in the fourth quarter on limited refining activities due to an overhaul at its Sines plant.

The Wall Street Journal 2 months ago

GLPEF
0.00%
GLPEY
+2.25%
Galp Energia: A Strong Diversified Energy Franchise

Portugal's leading energy company has good outperformance potential

GuruFocus.com 6 months ago

GLPEF
0.00%
GLPEY
+2.25%
UPDATE 1-Venture Global CEO says court battles are not slowing US LNG projects

Venture Global LNG's CEO said the development of its U.S. liquefied natural gas plants has not been slowed by international court battles over its failure to deliver cargoes to contract holders, including BP and Shell. CEO Michael Sabel's comments to Reuters last week were the company's most detailed public statements to date over a series of contract arbitration cases over Venture Global LNG's withholding cargoes from the first of its several LNG projects. Venture Global LNG claims its first project, called Calcasieu Pass, has yet to start full commercial operations due to equipment malfunctions, even though it has delivered over 200 cargoes of LNG worth around $17 billion to buyers since 2022.

Reuters 7 months ago

BP

BPAQF
-0.95%
CVX
UPDATE 2-GASTECH-Galp vows to protect contractual rights over Venture Global deal

Portuguese oil company Galp Energia has no plans to make further purchase deals with U.S. liquefied natural gas developer Venture Global LNG, Rodrigo Vilanova, a member of its executive committee, told Reuters on Thursday. Galp, which signed a 20-year contract in 2018 with Venture Global for 1 million metric tons of LNG supplies per year, is among several companies that have complained it has failed to supply fuel under long-term contracts, even as it has shipped at least 190 cargoes to non-contract customers. "Galp will vigorously protect its contractual rights, including appropriate legal proceedings under the contract," Vilanova said in an interview at the Gastech conference in Singapore.

Reuters 7 months ago

GLPEY
+2.25%
Venture Global LNG blasts complaints over lack of LNG cargoes

Venture Global LNG on Monday lashed out at some customers signed up to take liquefied natural gas (LNG) cargoes from a Louisiana export facility, claiming they "have chosen to misrepresent confidential long-term contracts." A public spat is heating up over the lack of shipments to Venture Global LNG customers' BP, Shell, Edison International, Repsol and Portuguese energy company GALP Energia. Shell, Edison and BP have filed for arbitration against Venture Global over its failure to supply contracted cargoes even as it sold the fuel into the spot market.

Reuters 8 months ago

NG=F

GLPEY
+2.25%
EIX

Performance Overview

Return	GLPEF	PSI
YTD	+52.99%	+2.28%
1-Year	+102.70%	+5.54%
3-Year	+121.25%	+30.84%

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Galp Energia, SGPS, S.A. (GLPEF)

UPDATE 2-European stocks rebound after last week's selloff, eyes on earnings and data

Galp Jumps After Saying Namibia Oil Find May Be ‘Important’

Portugal's Galp says field off Namibia could contain 10 billion barrels of oil

Oil & Gas Stock Roundup: XOM's Guyana Find and DRQ's Merger Take Center Stage

Galp Energia (GLPEY) Discovers Oil in Namibia's Orange Basin

Energy & Utilities Roundup: Market Talk

UPDATE 1-BP asks US regulators to reject Venture Global's permit extension request

UPDATE 1-Venture Global LNG says it won't provide confidential documents unless ordered

Galp Expects Lower Earnings This Year

Galp Energia: A Strong Diversified Energy Franchise

UPDATE 1-Venture Global CEO says court battles are not slowing US LNG projects

UPDATE 2-GASTECH-Galp vows to protect contractual rights over Venture Global deal

Venture Global LNG blasts complaints over lack of LNG cargoes

Performance Overview