UAE’s Adnoc to buy Galp’s stake in Mozambique LNG project
The United Arab Emirates’ main oil company agreed to buy a 10% stake in a natural gas project in Mozambique, its second major deal this week as it seeks to expand the business globally.
Galp Energia
Exxon, Shell are said to weigh bids for Galp Namibia stake
Exxon Mobil Corp. and Shell Plc are among energy giants evaluating bids for a stake in Galp Energia SGPS SA’s major oil field offshore Namibia, according to people familiar with the matter.
Galp jumps after saying Namibia project may be important find
Galp estimates reserves at the Mopane field in Namibia could be as high as 10 billion barrels of oil equivalent or higher.
French fund rule puts $7.6 billion of oil, gas assets at risk
A French rule targeting ESG funds has the potential to force oil and gas divestments of €7 billion ($7.6 billion), according to an analysis by Morningstar Inc (NYSE: MORN).
Galp signs up rig for Orange Basin test
The Hercules is undergoing a special survey in Norway ahead of mobilisation to Canada. After Canada, it will re-cross the ocean and head to Namibia.
Galp snaps up 20% of three Gulf of Guinea blocks
Portugal’s Galp Energia has agreed to by a 20% non-operated stake in three blocks in the Gulf of Guinea from Dallas-based Kosmos Energy.