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GalpEnergia


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MS forecasts softer European oil & gas markets, favours Eni over peers

BUZZ-MS forecasts softer European oil & gas markets, favours Eni over peers ** Morgan Stanley forecasts a softer outlook for the European energy sector, favouring Eni ENI.MI , while expressing concern for Equinor EQNR.OL and Galp Energia GALP.LS , both downgraded to 'underweight' ** The broker sees downside risks due to weakening oil and gas market
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Bank of Georgia, Tracsis, Victrex

EUROPE RESEARCH ROUNDUP- Bank of Georgia, Tracsis, Victrex Aug 29 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bank of Georgia, Tracsis and Victrex, on Thursday. HIGHLIGHTS * Bank of Georgia BGEO.L : Peel Hunt raises target price to 6,200p from 6,000p * Close Brothers Group Plc CBRO.L : RBC raises to outperform from sector perform * Rathbones Group RAT.L : RBC raises target price to 1,950p from 1,850p * Tracsis Plc TRCS.L : Bere
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Cheniere Energy falls short of core profit estimates on lower LNG margins

UPDATE 5-Cheniere Energy falls short of core profit estimates on lower LNG margins Adds Cheniere's high level of LNG contracts and its confidence that recent court decisions won't hurt its ability to get plants built, in paragraphs 7-8 and 13 By Tanay Dhumal and Curtis Williams Aug 8 (Reuters) - Cheniere Energy LNG.N fell short of its second-quarter core profit estimates on Thursday, as weaker margins hurt the liquefied natural gas (LNG) producer.
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African Markets - Factors to watch on Aug 8

African Markets - Factors to watch on Aug 8 NAIROBI, Aug 8 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. - - - - - GLOBAL MARKETS Tech shares led a selloff in stock markets around Asia, while the yen and U.S. bonds rebounded, as global investors struggled to find their footing in a wild week for markets.
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Angola's Etu Energias aims for IPO in 2026 after Galp stake buy

Angola's Etu Energias aims for IPO in 2026 after Galp stake buy CAPE TOWN, Aug 7 (Reuters) - Angola's Etu Energias plans to hold an initial public offering in 2026, its chief executive said on Wednesday, weeks after it finalised a $400 million deal to buy Galp Energia's GALP.LS Angolan offshore stakes. CEO Edson dos Santos said the acquisition , completed in June, would allow Etu Energias, formerly Somoil, to double its production capacity to around 24,000 barrels per day (bdp).
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US natgas slips to one-week low on lower demand outlook, storm impact

UPDATE 1-US natgas slips to one-week low on lower demand outlook, storm impact Adds latest prices Aug 5 (Reuters) - U.S. natural gas futures fell more than 1% to a one-week low on Monday on forecasts for lower demand over the next two weeks, while traders assessed the potential impact from Hurricane Debby. Front-month gas futures NGc1 for September delivery on the New York Mercantile Exchange settled 2.5 cents, or 1.3%, lower at $1.94 per million British thermal units .
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Galp To Distribute Dividend Of 0.28 Eur/Shr Gross On Aug 19

BRIEF-Galp To Distribute Dividend Of 0.28 Eur/Shr Gross On Aug 19 Aug 5 (Reuters) - Galp Energia SGPS SA GALP.LS : TO DISTRIBUTE AN INTERIM DIVIDEND OF €0.28 GROSS PER SHARE DIVIDEND WILL BE PAYABLE AS FROM AUGUST 19, 2024 Source text: https://tinyurl.com/38b97ywz Further company coverage: GALP.LS (Gdansk Newsroom)
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US natgas slips to one-week low on lower demand outlook, storm impact

US natgas slips to one-week low on lower demand outlook, storm impact Aug 5 (Reuters) - U.S. natural gas futures fell more than 1% to a one-week low on Monday on forecasts for lower demand over the next two weeks, while traders assessed the potential impact from Hurricane Debby, which could lead to lower demand for the fuel. Front-month gas futures NGc1 for September delivery on the New York Mercantile Exchange were down 1.79 cents, or about 1%, to $1.95 per million British thermal units at 10:0
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Cheniere strikes 20 year LNG deal with Portugal's Galp Energia

Cheniere strikes 20 year LNG deal with Portugal's Galp Energia Aug 5 (Reuters) - Cheniere Energy LNG.N said on Monday it has agreed to supply 0.5 million tonnes per annum of liquefied natural gas to a subsidiary of Galp Energia GALP.LS for 20 years. Deliveries are expected to begin in the early 2030s, but are dependent on the approval for an additional liquefaction unit (Train Eight) for Cheniere's Sabine Pass Liquefaction Expansion Project.
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Galp Enters Into Agreement With Cheniere for U.S. LNG

BRIEF-Galp Enters Into Agreement With Cheniere for U.S. LNG Aug 5 (Reuters) - Galp Energia SGPS SA GALP.LS : SIGNS SPA WITH CHENIERE MARKETING FOR ACCESS TO U.S. LNG SPA INCLUDES 20-YEAR 0.5 MTPA DELIVERY CONTINGENT TO FID OF SECOND TRAIN OF SABINE PASS LIQUEFACTION EXPANSION PROJECT, NOW UNDER DEVELOPMENT AGREEMENT ALSO INCLUDES ACCESS TO LIMITED
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Power Up: All eyes on Namibia

Power Up: All eyes on Namibia Power Up is published on Mondays and Thursdays. Think your friend or colleague should know about us? Forward this newsletter to them. They can also subscribe here . July 29 - By Liz Hampton U.S. Energy Markets Editor Hello Power Up readers! Today we're going to take a look at new oilfields off the coast of the southwest African nation Namibia.
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TotalEnergies says will quit South African offshore gas block

TotalEnergies says will quit South African offshore gas block CAPE TOWN, July 29 (Reuters) - French oil major TotalEnergies TTEF.PA said on Monday it would withdraw from an offshore natural gas block off South Africa's southern coast because developing the finds commercially would be too difficult. Earlier this month, TotalEnergies had signalled its intention to withdraw from Block 11B/12B, dealing a blow to South Africa's efforts to become energy independent by developing its largest offshore g
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Petrobras bids for Galp's oil field in Namibia, seeking opportunity abroad

EXCLUSIVE-Petrobras bids for Galp's oil field in Namibia, seeking opportunity abroad Recasts headline, adds quotes in paragraphs 3 and 7, and context By Marta Nogueira ARACAJU, Brazil, July 26 (Reuters) - Brazil's state-run oil firm Petrobras PETR4.SA has made a non-binding offer to buy a major stake in Galp Energia's GALP.LS huge offshore oil discovery in Namibia, Petrobras exploration and production director Sylvia dos Anjos told Reuters on Friday.
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Petrobras bids to operate Galp's Mopane oil field in Namibia

EXCLUSIVE-Petrobras bids to operate Galp's Mopane oil field in Namibia Adds context and quote By Marta Nogueira ARACAJU, Brazil, July 26 (Reuters) - Brazil's state-run oil firm Petrobras PETR4.SA has made a non-binding offer to buy a major stake in Galp Energia's GALP.LS huge oil offshore discovery in Namibia , Petrobras Exploration and Production Director Sylvia dos Anjos told Reuters on Friday.
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Brazil's Petrobras bids to become operator of Galp's Mopane oil field in Namibia

EXCLUSIVE-Brazil's Petrobras bids to become operator of Galp's Mopane oil field in Namibia ARACAJU, Brazil, July 26 (Reuters) - Brazil's state-run oil firm Petrobras PETR4.SA has made a non-binding offer to buy a stake in Galp Energia's GALP.LS major oil discovery off the Namibia coast, Petrobras Director of Exploration and Production Sylvia dos Anjos told Reuters on Friday.
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Land dispute threatens to derail Namibia's energy hub plans

Land dispute threatens to derail Namibia's energy hub plans By Wendell Roelf and Nyasha Nyaungwa CAPE TOWN/WINDHOEK, July 24 (Reuters) - A dispute in Namibia over access to diamond-rich land around the town of Luderitz is now threatening to derail major energy projects, state and company officials said as the government steps up efforts to resolve the dispute.
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Anglo American, Rio Tinto, Unilever

EUROPE RESEARCH ROUNDUP-Anglo American, Rio Tinto, Unilever July 23 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Anglo American, Rio Tinto and Unilever, on Tuesday. HIGHLIGHTS * Anglo American Plc AAL.L : HSBC cuts target price to 2,300p from 2,450p * Antofagasta Plc ANTO.L : HSBC raises target price to 1,400p from 1,100p * Belimo Holding AG BEAN.S : Jefferies raises target price to CHF 598 from CHF 498 * Rio Tinto RIO.L : HSBC
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Galp's quarterly profit up 16% and Namibia oil in focus

RPT-UPDATE 1-Galp's quarterly profit up 16% and Namibia oil in focus Repeats to additional subscribers, no changes to text Production in Brazil down 5% EBITDA drops, but still beats expectations In preliminary talks with potential partners for Namibia find By Sergio Goncalves LISBON, July 22 (Reuters) - Portugal's Galp Energia GALP.LS reported on Monday a 16% rise in second-quarter net profit, beating expectations as higher oil prices and lower production costs offset reduced output and the refi
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Galp's quarterly profit up 16% and Namibia oil in focus

UPDATE 1-Galp's quarterly profit up 16% and Namibia oil in focus Production in Brazil down 5% EBITDA drops, but still beats expectations In preliminary talks with potential partners for Namibia find Adds CEO quotes, detail throughout By Sergio Goncalves LISBON, July 22 (Reuters) - Portugal's Galp Energia GALP.LS reported on Monday a 16% rise in second-quarter net profit, beating expectations as higher oil prices and lower production costs offset reduced output and the refining margin held steady
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Portugal's Galp second-quarter profit jumps 16%, beats expectations

Portugal's Galp second-quarter profit jumps 16%, beats expectations LISBON, July 22 (Reuters) - Portugal's Galp Energia GALP.LS on Monday reported its second quarter adjusted net profit jumped 16% and beat expectations as higher oil price and lower cost of production offset lower production and stable refining margin. It booked an adjusted net profit of 299 million euros ($325.34 million), more than the 236 million euros expected by 18 analysts polled by the company.
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