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July 27 (Reuters) Portuguese energy company Galp Energia posted a 45% jump in second-quarter adjusted net profit on Monday, boosted by higher oil output in Brazil and stronger crude prices and refining margins brought on by Iran war supply disruptions. The company raised its earnings guidance for the year, and it said the board of... Continue Reading →
July 21 (OE) CorPower Ocean has been awarded the world’s first DNV Prototype Certificate for a wave energy converter (WEC), marking a major leap towards bankable, utility-scale wave energy. The CorPower C4 has been certified by DNV under DNV-SE-0120, Certification of Wave Energy Converters and Arrays, following independent verification. The certificate confirms the technology meets... Continue Reading →
July 16 (Reuters) - Portugal and Brazil are seeking to attract Brazilian investors to build one or two advanced biofuel and sustainable aviation fuel plants in Portugal, the country's energy minister said on Thursday. Maria da Graca Carvalho said she would discuss the project — which targets both the domestic and European markets — when... Continue Reading →
June 17 (Reuters) - Portugal's government on Wednesday launched a process to assign over 1,000 areas for wind and solar projects around existing grid connections, which can be fast-tracked thanks to their low potential for environmental conflicts. By doing so, the government aims to attract more investment in the country that is already one of... Continue Reading →
April 27 (Reuters) - Portugal's Galp was upbeat about its 2026 performance on Monday after reporting a 41% rise in first-quarter adjusted core profit, as higher Brazilian output and stronger crude oil prices shielded it from Middle East supply disruptions. Galp shares were up 2% in morning trading after it reported adjusted earnings before interest, tax,... Continue Reading →
March 24 (oilprice.com) There is a persistent belief in energy debates that refuses to die: renewables and electrification are necessary, but expensive. It is often framed as an unavoidable trade off — clean energy comes at a premium, while fossil fuels remain the cheaper, more reliable baseline. That assumption is now being tested against reality.... Continue Reading →
Feb 25 (Reuters) - Portugal's largest power utility EDP on Wednesday reported a 44% rise in 2025 net profit, driven by robust earnings from its renewable arm, despite a decline in gains from divestitures of older renewable plants. Consolidated net profit rose to 1.15 billion euros ($1.36 billion). Subsidiary EDP Renovaveis, the world's fourth-largest wind energy producer,... Continue Reading →
Jan 20 (Reuters) - Portuguese energy firm Galp will focus on growing its upstream business from oilfields in Brazil and Namibia and may list parts of its newly formed downstream business in a couple of years, its co-chief executive Joao Diogo Marques da Silva told Reuters on Tuesday. The company said earlier this month it was in... Continue Reading →
Dec 9 (Reuters) - TotalEnergies has cemented its position in offshore Namibia by agreeing to an asset swap with Portugal's Galp that makes the French company the operator of the major Mopane discovery, it said on Tuesday. In exchange for a 40% stake in the PEL83 licence holding the Mopane project, Galp will get a 10% interest... Continue Reading →
Dec 4 (Reuters Breakingviews) - Shell’s status as Big Oil’s safest pair of hands has its limits. The $212 billion UK major's dividend is relatively more secure against oil price slumps than peers, its net debt is a low 21% of total capital, and operating costs are over 10% less than two years ago. Yet Shell... Continue Reading →
Brazil Energy Insight 