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GalpEnergia


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The duo atop the biggest and most contentious US LNG exporter

NEWSMAKER-The duo atop the biggest and most contentious US LNG exporter The two industry outsiders upending LNG markets Venture Global LNG has shot up the ranks of gas exporters Customers BP, Shell say the pair flout industry norms By Curtis Williams HOUSTON, June 11 (Reuters) - U.S. liquefied natural gas (LNG) exporter Venture Global LNG this year became one of the country's largest producers of the superchilled gas and the industry's most contentious supplier, facing contract claims by six cus
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US orders Venture Global LNG to provide customers documents about problems

UPDATE 2-US orders Venture Global LNG to provide customers documents about problems Adds Venture Global and Shell's responses, paragraphs 6-8 By Curtis Williams HOUSTON, June 10 (Reuters) - A U .S. regulator on Monday ordered liquefied natural gas developer Venture Global LNG to provide customers with documents about the mechanical problems and startup of a Louisiana plant.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Hargreaves Lansdown, Lagardere, SocGen, European Energy Exchange; updates Anglo American May 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Wednesday: * * A consortium comprising CVC Advisers and the Abu Dhabi Investment Authority said it was considering a possible revised offer for Hargreaves Lansdown HRGV.L after the British investment platform's board rejected a buyout proposal it had made in A
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Biogen, Oaktree Capital Management Updates: Anglo American, Abu Dhabi National Oil Company May 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday: ** Anglo American AAL.L rejected a takeover proposal from BHP Group BHP.AX that valued the company at 29.34 pounds per share.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions May 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday: ** BHP's BHP.AX bid for Anglo American AAL.L underlines the growing appetite for energy transition metals like copper from miners who must become more aggressive to secure new projects or risk missing out, investors and mining CEOs said.
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ADNOC makes fourth gas foray abroad with Mozambique deal

UPDATE 2-ADNOC makes fourth gas foray abroad with Mozambique deal Updates with details, background throughout DUBAI, May 22 (Reuters) - Abu Dhabi National Oil Company (ADNOC) has bought Galp's GALP.LS 10% stake in the Area 4 concession of the multi-billion-dollar natural gas project in Mozambique's Rovuma basin, its fourth international foray into gas.
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Adnoc makes first foray into Mozambique with 10% stake in GALP concession

Adnoc makes first foray into Mozambique with 10% stake in GALP concession DUBAI, May 22 (Reuters) - Abu Dhabi National Oil Company (ADNOC) has acquired a 10% stake in Galp's GALP.LS Area 4 concession of the Rovuma basin in Mozambique, it said on Wednesday, its first foray into the African country. Under the terms of the deal, ADNOC will have access to a share of the liquefied natural gas (LNG) production from the concession, which has a combined capacity of more than 25 million tonnes per annum,
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Galp To Divest Its 10% Stake In Area 4 Mozambique

BRIEF-Galp To Divest Its 10% Stake In Area 4 Mozambique May 22 (Reuters) - Galp Energia SGPS SA GALP.LS : TO DIVEST ITS 10% STAKE IN AREA 4 MOZAMBIQUE SIGNS AGREEMENT WITH ADNOC FOR SALE OF ITS UPSTREAM ASSETS IN MOZAMBIQUE UPON COMPLETION, IT WILL RECEIVE C.$650 M FOR ITS SHARES AND SHAREHOLDER LOANS, ALREADY NET OF CAPITAL GAIN TAXES AS OF TRANSA
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Exxon, Shell Are Said To Weigh Bids For Galp Namibia Stake- Bloomberg News

BRIEF-Exxon, Shell Are Said To Weigh Bids For Galp Namibia Stake- Bloomberg News May 21 (Reuters) - EXXON, SHELL ARE SAID TO WEIGH BIDS FOR GALP NAMIBIA STAKE- BLOOMBERG NEWS TOTAL, EQUINOR ARE ALSO EYEING 40% STAKE IN MOPANE OIL FIELD - BLOOMBERG NEWS Source text: https://tinyurl.com/27eohucg
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Federal regulators sign off Venture Global's repairs at Louisiana plant

UPDATE 1-Federal regulators sign off Venture Global's repairs at Louisiana plant Adds Shell's comments in paragraphs 8-9 HOUSTON, May 14 (Reuters) - U.S. federal regulators said on Tuesday they are satisfied that Venture Global LNG is trying to correct faults at the heat recovery steam generator (HRSG) at its Calcasieu Pass LNG export plant in Louisiana and expects the work to be completed in the timeline promised by the exporter.
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Federal regulators sign off Venture Global's repairs at Louisiana plant

Federal regulators sign off Venture Global's repairs at Louisiana plant HOUSTON, May 14 (Reuters) - U.S. federal regulators said on Tuesday that they are satisfied Venture Global LNG is trying to correct faults at its heat recovery steam generator (HRSG) at its Calcasieu Pass LNG export plant in Louisiana and expects the work to be completed in the timeline promised by the exporter.
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NextDecade Texas Rio Grande LNG Train 1 on track for late 2027 completion

NextDecade Texas Rio Grande LNG Train 1 on track for late 2027 completion May 10 (Reuters) - U.S. liquefied natural gas (LNG) company NextDecade NEXT.O said the first phase of its Rio Grande project in Texas remained on budget and on schedule for substantial completion of three liquefaction trains from late 2027 to late 2028/early 2029. The company said in its first quarter earnings presentation late on Thursday that the estimated capital cost of the first 17.6-million tonnes per annum (MTPA) ph
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Arkema, Fuller Smith & Turner, Siemens Energy

EUROPE RESEARCH ROUNDUP- Arkema, Fuller Smith & Turner, Siemens Energy May 9 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Arkema, Fuller Smith & Turner and Siemens Energy, on Thursday. HIGHLIGHTS * Arkema SA AKE.PA : HSBC raises target price to EUR 117 from EUR 107 * Bytes Technology Group Plc BYIT.L : Deutsche Bank initiates coverage with buy rating * Fuller Smith & Turner Plc FSTA.L : Deutsche Bank initiates coverage with buy
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Big Oil finds more to love in deepwater exploration fields

RPT-Big Oil finds more to love in deepwater exploration fields Repeats for early market readership. No change to text. By Georgina McCartney HOUSTON, May 5 (Reuters) - As Big Oil returns this week to the industry's annual showcase for offshore energy projects and equipment in Houston, deepwater discoveries off Guyana, Namibia and the U.S. Gulf Coast will take the spotlight.
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Big Oil finds more to love in deepwater exploration fields

Big Oil finds more to love in deepwater exploration fields By Georgina McCartney HOUSTON, May 5 (Reuters) - As Big Oil returns this week to the industry's annual showcase for offshore energy projects and equipment in Houston, deepwater discoveries off Guyana, Namibia and the U.S. Gulf Coast will take the spotlight. Offshore exploration had dimmed after the U.S.
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Eni JV signs agreement for Namibia offshore license

UPDATE 1-BP-Eni JV signs agreement for Namibia offshore license Adds details on agreement and background throughout May 3 (Reuters) - A BP-Eni joint venture and Rhino Resources Namibia have signed an agreement for a 42.5% interest in a block in the country's offshore Orange Basin, the companies said on Friday. The agreement is Azule Energy's first investment in Namibia.
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Baker Hughes builds first Namibian mud plant as exploration surges

Baker Hughes builds first Namibian mud plant as exploration surges By Wendell Roelf CAPE TOWN, May 2 (Reuters) - Energy technology company Baker Hughes BKR.O will construct a new liquid mud plant, and a separate assembly, maintenance and repair base at Namibia's Walvis Bay to cater to booming offshore exploration activities, a senior executive said. The project will help Namibia cope with an influx of drill rigs and support vessels that threatens to overwhelm its only two commercial ports, Walvi
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Adidas, HSBC, Renishaw

EUROPE RESEARCH ROUNDUP-Adidas, HSBC, Renishaw May 1 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Adidas, HSBC and Renishaw on Wednesday. HIGHLIGHTS * Adidas AG ADSGn.DE : Wedbush raises target price to EUR 233 from EUR 200 * Darktrace DARK.L : HSBC raises target price to 620p from 540p * Essity AB (Publ) ESSITYb.ST : HSBC resumes with buy rating; price target SEK 330 * HSBC HSBA.L : Berenberg raises target price to 830p from 80
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Galp will need partner to help develop Namibia oil block, says CEO

UPDATE 1-Galp will need partner to help develop Namibia oil block, says CEO Adds CEO quotes By Sergio Goncalves April 30 (Reuters) - Portugal's Galp Energia GALP.LS will need a partner to develop a prolific oil find in Namibia as it is "beyond its financial means" to keep an 80% stake in the exploration block that includes the Mopane field, CEO Filipe Silva said on Tuesday.
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Galp CEO says cannot keep 80% stake in Namibia block

Galp CEO says cannot keep 80% stake in Namibia block April 30 (Reuters) - Portugal's Galp Energia will need a partner to develop a prolific oil find in Namibia as it is "beoynd its financial means" to keep an 80% stake in the exploration block that includes the Mopane field, CEO Filipe Silva said on Tuesday. "We will prioritise a partner that is keen to develop quickly the prospects and that will fund the capex," he told a conference call with analysts.
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