Galp completes strategic partnership with TotalEnergies in Namibia
The company exchanges license interests in blocks PEL 83, 56, and 91, securing operatorship roles and activating funding for upcoming Mopane and Venus oil developments.
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Portuguese integrated energy company
galp.comLast updated
In short: Galp grew H1 profits by 44%, partnered with TotalEnergies in Namibia, and advanced merger talks with Moeve regarding its refining assets.
The company exchanges license interests in blocks PEL 83, 56, and 91, securing operatorship roles and activating funding for upcoming Mopane and Venus oil developments.
The dividend is payable from August 21, 2026, with ex-dividend date on August 19 and record date on August 20.
Ebitda rose to €1,272 million, driven by strong performance in upstream and refining. The company also increased its dividend outlook.
The acquisition from Acciona Energía enhances Galp's renewables platform and technology diversification.
The Government's bill creates a tax to target extraordinary profits only in the business segment where companies would benefit from price increases...
TotalEnergies recently announced the completion of the significant transaction concluded with Galp in December 2025. The transaction includes TotalEnergies acqu...
Galp prepares a new investment cycle in Angola, in partnership with the state oil company Sonangol, in the areas of oil exploration and production...
Luís Montenegro guaranteed that the Government has been following the negotiations from the beginning, with a view to the "strategic safeguarding of refining capacity in Portugal".
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