Portugal

Brazil's staterun oil firm Petrobras has actually made a nonbinding offer to purchase a significant stake in Galp Energia's substantial offshore oil discovery in Namibia, Petrobras expedition and production director Sylvia dos Anjos informed on Friday. If accepted, the quote would make Petrobras the operator of the Mopane oil and gas field, which has actually an estimated 10 billion barrels of oil equivalent, Anjos said in her very first interview because taking her brand-new function last month. We are the best deepwater operators, said Anjos on the sidelines of an oil and gas conference in the northeastern state of Sergipe....

Portugal's Galp Energia on Monday reported its second quarter changed internet revenue leapt 16% and beat expectations as greater oil rate and lower cost of production balanced out lower production and steady refining margin. It reserved an adjusted net revenue of 299 million euros ($ 325.34 million), more than the 236 million euros anticipated by 18 experts surveyed by the company. Changed profits before interest, taxes, depreciation and amortisation (EBITDA) fell 7% to 849 million euros, likewise above the 821 million euro consensus. Chief Executive Filipe Silva stated in a declaration that Galp continued to deliver a robust performance during...

Namibia has actually become an oil expedition hotspot after several discoveries over the last few years along its coast. It has not yet produced any oil or gas, but oil majors such as TotalEnergies and Shell have actually made discoveries estimated at 2.6 billion barrels, with production in the southern African country gotten out of about 2030. There have been discoveries in the Orange Basin and there are other prospective locations, including Luderitz, Kavango and Walvis basins. Below are information on the latest advancements (in. alphabetical order): CHEVRON The U.S. oil major is expected to start expedition later on. this...

The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Wednesday: ** A consortium consisting of CVC Advisers and the Abu Dhabi Investment Authority stated it was considering a possible modified deal for Hargreaves Lansdown after the British financial investment platform's board turned down a buyout proposal it had made in April. ** French media and business conglomerate Lagardere said it is moving closer to a sale of its Paris Match magazine to luxury products huge LVMH, on an enterprise worth cost of 120 million euros ($ 130 million). ** Cross-border mergers between European banks are structurally...

The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday: ** BHP's quote for Anglo American underlines the growing appetite for energy transition metals like copper from miners who should become more aggressive to secure new projects or risk missing out, investors and mining CEOs said. ** Abu Dhabi National Oil Company (ADNOC) has actually obtained a 10%. stake in Galp's Location 4 concession in the. multi-billion-dollar natural gas job in the Rovuma basin in. Mozambique, it stated, its very first venture into the African nation. ** Admiral Acquisition will purchase North American. engineering and lab-testing...

Portuguese energy group Galp Energia reported a biggerthanexpected 35% increase in firstquarter earnings on Tuesday and stated it anticipates its significant oil discovery off the coast of Namibia to support growth in the coming decades. Changed net profit at 337 million euros ($ 360.69. million) beat the 262 million euros expected by 16 experts. surveyed by the company as lower tax payments balance out decreases in. unrefined production and refining margins compared to a year. previously. Adjusted incomes before interest, taxes, devaluation and. amortisation (EBITDA) also beat expectations, increasing 13% to 974. million euros. Galp shares, already up more than...

Portugal's Galp Energia will require a partner to establish a prolific oil discover in Namibia as it is beyond its monetary means to keep an 80% stake in the expedition block that includes the Mopane field, CEO Filipe Silva stated on Tuesday. We will prioritise a partner that is keen to develop rapidly the prospects which will fund the capex, Silva told a conference call with experts. The business said recently that it had finished the first phase of expedition in the Mopane field and approximated it could have at least 10 billion barrels of oil. Sources told last week...

The Organization of the Petroleum Exporting Countries (OPEC) is thrilled about a. prospective partnership with Namibia and ready to support the. southern African country in its oil journey, OPEC Secretary. General Haitham Al Ghais stated on Wednesday. The OPEC+ oil producers' group, having lost Angola and other. players over the last few years, is looking at Namibia for possible. membership as it aims to begin pumping oil by the next years. following a string of huge discoveries. We are thrilled about the potential of the Namibian OPEC. collaboration and stand all set to use support at this important. point, Al...

Portuguese oil company Galp Energia has actually introduced the sale of half of its stake in an expedition block offshore Namibia where it has actually made a significant oil discovery, three industry sources knowledgeable about the matter informed . Galp's Mopane discovery, which is estimated to hold at least 10 billion barrels of oil and gas equivalent, appears to be one of the largest in the basin which might assist kickstart the southern African country's oil market even as federal governments around the world look for to minimize nonrenewable fuel source consumption. Galp has an 80% stake in Petroleum Expedition...

Portuguese oil company Galp Energia stated on Sunday it had concluded the very first phase of expedition in the Mopane field off the coast of Namibia and estimated it might have at least 10 billion barrels of oil. Galp stated it conducted screening operations at the Mopane-1X well in January and the Mopane-2X well in March. In both wells, which are 8 kilometres apart, it stated significant light oil columns were discovered in top quality tank sands. The Mopane field lies in the Orange Basin, along the coast of the southern African nation, where Shell and France's TotalEnergies have made...

The following Spanish stocks may be impacted by paper reports and other aspects on Friday. has actually not verified the newspaper reports, and can not vouch for their accuracy: FERROVIAL The business said on Thursday it had executed a buy-back program for up to 500 million euros ($ 535.50 million). MELIA Banco Santander, through an investment lorry, took 38.2% in the share capital of Melia's unit Adprotel Hair, the hotel chain stated on Thursday. Individually, Melia will run, under its brand Melia Collection, a hotel in Spain's southern city of Ronda after an financial investment of five million euros ($...

Liquefied natural gas ( LNG) exporter Venture Global LNG on Thursday provided to U.S. regulators a proposed protective order seeking to keep documents on the construction of a Louisiana export facility personal. The request will test the Federal Energy Regulatory Commission's (FERC) determination to back a call by Endeavor Global LNG's customers to need the business to divulge details on the plant's startup and repair work. Endeavor Global has said it would not make the info readily available unless purchased to do so . FERC had actually given Endeavor Global 5 days to supply the proposed order that sets out...

The European Union sent 2 water bombing planes from Spain to the Portuguese island of Madeira on Thursday to help efforts to put out a wildfire that has been raging for 8 days. The blaze, which began on Aug. 14, has actually scorched nearly 5,000 hectares (12,355 acres) of plant life, primarily in mountainous locations with steep slopes and hard access. Portugal asked for help by means of the EU civil security system RescEU. EU authorities provided the 2 Canadair aircrafts and stated the bloc stood ready to deploy additional resources if necessary. Regional government chief Miguel Albuquerque stated the...

Numerous Portuguese firefighters on Sunday rushed to put out a wildfire sweeping parts of the Atlantic island of Madeira's south coast, a popular traveler destination, with strong winds complicating efforts to tackle the blaze. The wildfire, which began on Wednesday in a remote rural area of Ribeira Brava has infected the neighbouring municipality of Camara de Lobos, and now has three fronts, island authorities said. Almost 200 firemens, backed by 38 cars are dealing with the fire however heats, low humidity and strong winds are making complex efforts to combat the flames. A helicopter also fought the blaze however needed...

Portugal's government is finalising a tactical strategy to check out for basic materials critical to the green transition, where copper might handle a. more important role than lithium, the environment and energy. minister said on Monday. Maria da Graca Carvalho stated Portugal fortunately has lots of. important basic materials for the green shift, such as copper,. which is needed for electrical cars. Portugal already has the biggest copper mine in the European. Union, operated by Toronto-based Lundin Mining. It also. produces lithium for the ceramics market and has large. deposits of battery-grade lithium that remain in advancement. We have terrific...

EU federal governments on Wednesday will vote on brand-new draft rules permitting some crops to be geneedited to make them more dry spell and pestresistant, as they look for to unwind a few of the world's strictest policies on genetically modified organisms (GMOs). The strongest champs of so-called new genomic strategies ( NGT), which can modify the genetic product of an organism without presenting foreign DNA, include Spain, Portugal and Italy, countries currently struggling with the effects of climate modification such as drought. A heatwave due to spread out throughout Europe today is set to take a heavy toll on...

Dutch miner AMG has acquired a 15.77% stake in Londonbased Savannah Resources to become the largest investor in the company that is developing a lithium job in northern Portugal, the companies said on Thursday. Savannah CEO Emanuel Proenca said the 16-million-pound ($ 20. million) investment represented a substantial de-risking action,. describing AMG as the perfect partner due to the fact that of its own lithium. service that serves Europe's battery and electrical car (EV). sector. The project, which has faced strong opposition from regional. homeowners and environmentalists, is commonly viewed as a test for. the European Union's aspiration to lower...

A species of lynx discovered in remote locations of Spain and Portugal has rebounded from near extinction, with its adult population growing more than significantly considering that the start of the millennium. Wildlife specialists are calling the recovery of the Iberian Lynx unrivaled amongst felines in an age of extinction in which types are disappearing at a rate not seen in 10 million years due to environment change, contamination and environment loss. The International Union for Conservation of Nature, which categorises types according to the level of threat they deal with in a Red List produced numerous times a year,...

Portugal's federal government promised on Thursday to speed financial investments worth 366 million euros ($ 397.7. million) to combat a systemic dry spell in the tourismdependent. southern region of Algarve and rapidly supply water equivalent. to a year's metropolitan usage there. Environment Minister Maria da Graca Carvalho stated the. financial investments will include a desalination plant, repairing 125 km. of pipelines to lower water losses, adjoining some. tanks, and using dealt with wastewater at golf courses. She informed a parliamentary committee the brand-new federal government, which. was sworn in April, will not discuss the jobs any. even more and wishes...

Volkswagen and a. group representing car owners in Italy have reached an agreement. worth more than 50 million euros ($ 54 million) to end a legal. battle over the dieselgate emissions scandal, they said on. Wednesday. In the settlement, over 60,000 vehicle owners impacted by the. emissions scams will be paid up to 1,100 euros each, Italian. customer group Altroconsumo stated in a statement. The scandal rocked the automobile market in 2015 when it. emerged that cars had been fitted with unlawful software to. cheat environmental emissions tests. It has cost the German. carmaker more than 32 billion euros ($...

The European Union and the governments of 13 countries urged countries on Tuesday to prioritise the ratification of a U.N. treaty to secure the world's oceans from overfishing and other human activities. The EU and the federal governments of Belgium, Bermuda, Chile, Costa Rica, Dominican Republic, France, Germany, Greece, South Korea, Nigeria, Palau, the Philippines and Seychelles devoted that the High Seas treaty quickly secure the 60 ratifications required to get into force at an Our Ocean conference held in Athens this week. The worldwide pact to save biodiversity in the high seas was formally adopted by the United Nations...

The European Union will invest 3.5 billion euros ($ 3.71 billion) to secure the ocean and promote sustainability through a series of efforts this year, the EU's leading environment official stated on Tuesday. The 40 commitments vary from battling marine contamination to supporting sustainable fisheries and financial investments in the so-called blue economy - sustainable usage of marine and freshwater resources for financial activity. The commitments were announced during the annual Our Ocean conference kept in Athens today and participated in by about 120 nations. The ocean belongs to who we are, and it is our shared obligation, stated EU...

Individuals in Bilbao in northwestern Spain normally spend April dodging the showers however on Saturday lots of hit the beach as temperatures were up to 10 degrees Celsius (18 degrees Fahrenheit) above typical. The Portuguese were also hitting the beach near Lisbon as temperatures increased to as high as 29 C. Many people swapped umbrellas for ice creams as temperatures reached 21 C in Bilbao and were anticipated to hit 27 C elsewhere on Sunday, Aemet, the state weather forecasting company stated. Temperature levels, both on Saturday and Sunday, will be between 5 and 10 degrees Celsius greater than normal...

The European Court of Human Rights (ECtHR) decides on Tuesday whether inadequate government action on climate modification can total up to a human rights violation, in three judgments that could provide legal take advantage of to environment activists across the continent. The cases before the 17-judge panel in Strasbourg, France, join a growing pattern of communities bringing climate suits versus governments with arguments resting on human rights law. A success in any one of them might force more national policy changes to keep nations in line with the worldwide concurred target of limiting warming to 1.5 degrees Celsius (2.7. Fahrenheit)....