Galp

Galp In Figures

2024 total revenue:USD 23.8 billion

2024 EBITDA: EUR 3.3 billion

Galp Energia is a vertically integrated multinational energy company involved in exploration, refining, distribution and marketing of hydrocarbons and derivative products, and in the generation and sale of electricity. 

The company divides its activities into four main segments:

  • Upstream
  • Industrial and midstream
  • Commercial
  • Renewables and new businesses

The upstream segment engages in the exploration, development and production of hydrocarbons through a portfolio of about 20 upstream projects located in offshore areas in Angola, Brazil, Mozambique, Sao Tome and Namibia. 

The industrial and midstream segment engages in refining, logistics, biofuels and cogeneration activities in Iberia, as well as in the storage, transportation and trading of oil, gas, lubricants, various fuels and asphalts. The company also sells electricity to the grids in Portugal and Spain, both for export and import.

Galp’s commercial business encompasses retail sales to B2B and B2C customers of oil, gas, electricity and sundry convenience items through a network of about 1,300 Galp-branded petrol stations located in Iberia and several African countries.

The renewables and new businesses segment engages in renewable energy generation, mainly through solar PV projects in Iberia and Brazil. It also develops products related to energy storage and the battery value chain. Galp targets 10 GW of renewable energy capacity by 2030.

Company website: https://www.galp.com/es/

Galp News and Interviews

Faster seismic decisions for African basins - AFR26 - Percy MELLAR - DUG Technology
Interview
Multinational - June 10, 2026

Percy Mellar of DUG Technology talks about the appetite for imaging services in Africa’s mature and frontier basins.

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Africa’s energy industry reaches an inflexion point - AFR26 - Humphrey ORIAKHI - PAC Capital
Interview
Nigeria - May 14, 2026

Humphrey Oriakhi of PAC Capital talks about overcoming the bankability challenges of African projects through tailored financial…

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Oregen eyes more acreage in Namibia’s Orange Basin
NEWS
Namibia - April 08, 2026

Oregen Energy has signed a letter of intent with Petrovena Energy to gain acreage in Namibia’s Orange Basin, one of Africa’s…

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Etu Energias grows footprint offshore Angola with deepwater deal
NEWS
Angola - March 30, 2026

Etu Energias has expanded its offshore position in #Angola with the acquisition of stakes from Azule Energy in blocks 14 and 14K.

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Tony Hayward to retire from Genel
NEWS
Kurdistan Region of Iraq - April 24, 2017

Tony Hayward will step down as chairman of Genel Energy on June 6, the London-based operator of Kurdistan Region assets announced on Monday.

A successor has already…

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Mozambique to reap Exxon deal rewards
NEWS
Mozambique - March 22, 2017

ExxonMobil’s deal with Eni earlier this month for the acquisition of a 25% stake in the Area 4 block off Mozambique means a tax windfall for the government.…

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Week in review
NEWS
Multinational - March 10, 2017

The past week was one of farm-ins and acquisitions, with several majors splurging on gas-rich acreage in particular.

OMV set the buying in motion on Monday when it…

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ExxonMobil enters Mozambique project
NEWS
Mozambique - March 09, 2017

ExxonMobil closed a deal with Eni on Thursday for the acquisition of a 25% stake in the Area 4 block off Mozambique.

The transaction will see ExxonMobil make a cash…

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Eni clears major Coral South hurdle
NEWS
Mozambique - November 18, 2016

Italian super-major Eni on Friday announced that its board of directors had approved the investment plan for the Coral South floating LNG (FLNG) project offshore…

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Angola’s ANPG celebrates five years of success Paulino Jeronimo
Interview
Colombia - February 17, 2016

The current downturn in oil prices is affecting the Angolan oil and gas industry harder than other markets. Cost-intensive deep and ultra-deep offshore operations have…

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Eni sells entire stake at Galp
NEWS
Italy - November 20, 2015

Eni sold its entire share in Portuguese player Galp Energia on Friday. The company is reducing its exposure to subsidiary debt to improve its finances and increase…

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