In recent quarters, fuel margins for companies in the Zacks Oil and Gas - Refining & Marketing industry have declined, falling significantly below the peak levels seen in 2022. Although strong demand and light product inventories should continue to support the sector, most operators anticipate subdued margins for the remainder of 2024. Additionally, rising costs due to persistent inflation are further squeezing profits. But on a somewhat positive note, the refiners are likely to benefit from robust gasoline ...

35 106 kboepd Upstream production1 Renewable power generation OCF 2Q24 Results July 22, 2024 9 _94 1.8 mton 779 gwh €849 m Ebitda RCA e-238 m Net capex 0.35 × Net debt to Ebitda Continued execution of mid and downstream transformation Balance sheet strengthened to support future investments 2Q24 Results 2 liabilities 106 kboepd 81 $/ьы Oil realisations 1.7 $/boe Unit production costs Contingent Mozambique farm-out c.$650 m Crystallising value to support higher-return growth options 2Q24 Results Bacalhau FPS ...

unprecedented financial muscle and the resources to keep delivering long-term growth from high return projects. Yes. Thank you. First question is on the other bit of guidance that you changed this quarter is OCF and EBITDA guidance. You have a -- we have an improvement and change macro. YouÂ're taking out Mozambique. Can you just talk about whatÂ's actually going better than expected in there and just sort of the key reasons why? And second question, sorry, just going back to Namibia. Can we -- Filipe, can ...

Galp Energia SGPS S.A. (GLPEY) announced that its 10% stake in the Area 4 concession in Mozambique has been acquired by ADNOC (Abu Dhabi National Oil Company). In recent news, ADNOC has also acquired an 11.7% stake in Phase 1 of NextDecade's Rio Grande LNG project in Texas. The UAE oil giant's latest acquisition aligns with its strategy to expand its low-carbon energy portfolio. The acquired assets include the Coral South Floating LNG (FLNG) facility, which is currently operational, along with the Coral Nor ...

Galp Energia, SGPS, S.A. (OTCPK:GLPEF) Q1 2024 Results Conference Call April 30, 2024 6:00 AM ET Company Participants Otelo Ruivo - Head of Investor Relations Filipe Silva - CEO & Vice Chairman of the Board of Directors Daniel Elias - CFO Adriano Bastos - Head of Upstram Special Projects Conference Call Participants Giacomo Romeo - Jefferies Biraj Borkhataria - RBC Matt Smith - Bank of America Alessandro Pozzi - Mediobanca Pedro Alves - CaixaBank Sasikanth Chilukuru - Morgan Stanley Lydia Rainforth - Barcla ...

Galp Energia SGPS SA (GLPEY) , the Portuguese multinational energy company, has made significant oil discoveries in Namibia’s Orange Basin. It has completed the first phase of exploration of the Mopane field in the Petroleum Exploration License (PEL) 83 and estimated that the field could contain nearly 10 billion barrels of oil.PEL 83 is operated by Galp Energia, which owns an 80% stake along with its partners, National Petroleum Corporation of Namibia (NAMCOR) and Custos Energy, who hold 10% each. Sintana ...

Galp Energia SGPS SA (GLPEY) , along with its partners National Petroleum Corporation of Namibia (NAMCOR) and Custos Energy, discovered oil in the Mopane 2X well. The Mopane 2X well has reached its designated depth in the petroleum exploration license (PEL) 83.The Mopane 2X well, drilled in the Orange Basin, offshore Namibia has successfully discovered a substantial column with light oil within reservoirs of excellent quality. The drilling operation included the AVO-3 exploration target, the AVO-1 appraisal ...

Galp Energia, SGPS, S.A. (OTCPK:GLPEF) Q4 2023 Earnings Conference Call February 12, 2024 9:00 AM ET Company Participants Otelo Ruivo - Head of Investor Relations Filipe Silva - Chief Executive Officer Rodrigo Vilanova - Executive Vice President, Energy Management Georgios Papadimitriou - Chief Operating Officer, Renewables, Innovation & New Business Maria Joao Carioca - Chief Financial Officer Daniel Elias - Chief Executive Officer, Petrogal Brasil Ronald Doesburg - Executive Vice President, Industrial Joa ...

galp (6) 4Q23 & FY23 Results Short-term Outlook 12 February 2024 T Resultsi tt they स 司 1 上 49 _ gi the Alli 201 fil _发 te - Rep n Li 98 t # 1 p 1 2 上海 İ -15 2023 key performance indicators Strong operating performance... 122 kboepd (+6% YoY) Upstream WI production (Excluding Angola) 79 mboe(-10% YoY) Refining throughput Extensive 2023 planned maintenance 2.3 TWh (+21% YoY) Renewable power generation 393 k TJ (-7% YoY) Total energy sales to direct clients ... translating into sound financial delivery ... €3 ...

Galp Energia, SGPS, S.A. (OTCPK:GLPEF) Q3 2023 Earnings Conference Call October 30, 2023 10:00 AM ET Company Participants Otelo Ruivo - Head of IR Filipe Crisostomo Silva - CEO Daniel Elias - CEO, Petrogal Brasil Ronald Doesburg - EVP, Industrial Rodrigo Vilanova - EVP, Energy Management Maria Joao Carioca - CFO Georgios Papadimitriou - COO, Renewables, Innovation & New Business Adriano Bastos - Head of Upstream Special Projects Conference Call Participants Oswald Clint - Bernstein Alessandro Pozzi - Mediob ...