GLPEY and PBR clinch three offshore blocks in Brazil's Pelotas Basin amid environmental backlash over ANP's latest auction round.

The Portuguese energy company said it will own a 30% stake in the blocks alongside Brazil's Petrobras, which will own 70% and be the operator. The concessions in the Pelotas basin were granted by the ...

That ceremony “recognized industry leaders based on peer admiration”, according to the release, which highlighted that the other “standout performers” comprised Galp Energia, Murphy Oil, and CNOOC.

However, Iran's female literacy rate is comparative to the global average, and its percentage of female STEM graduates ...

Galp holds an 80% stake in the Mopane block, where estimated resources exceed 10 billion barrels of oil equivalent. The company is in the process of securing a partner to take on a 40% stake and ...

On Monday, UBS analyst Joshua Stone upgraded shares of Galp Energia SGPS SA (OTC: GLPEY) (GALP:LI) (OTC:GLPEF), shifting the rating from Neutral to Buy and raising the price target to €20.00, up ...

Both US supermajors have snapped up acreage in the emerging, environmentally sensitive Brazil play as they continue building ...

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Investing.com -- UBS Global Research upgraded Galp Energia (ELI: GALP) to “buy” from "neutral" rating and raised its 12-month price target to €20 from €15, citing the potential of the Mopane oil ...