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GalpEnergia


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ABB, Barratt Redrow, Ti Fluid Systems

EUROPE RESEARCH ROUNDUP-ABB, Barratt Redrow, Ti Fluid Systems Oct 29 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including ABB, Barratt Redrow and Ti Fluid Systems, on Tuesday. HIGHLIGHTS * ABB Ltd ABBN.S : Goldman Sachs cuts to neutral from buy * Barratt Redrow Plc BTRW.L : JP Morgan raises target price to 600p from 560p * Intermediate Capital Group Plc ICGIN.L : Citigroup raises PT to 2610p from 2600p * Ti Fluid Systems TIFS.L : Jeffer
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Galp in no rush to invest in lithium refinery with Northvolt

Galp in no rush to invest in lithium refinery with Northvolt By Sergio Goncalves LISBON, Oct 28 (Reuters) - Portuguese energy company Galp GALP.LS is in no rush to make a final investment decision (FID) to build a battery-grade lithium refinery in Portugal amid challenging market conditions, CEO Filipe Silva said on Monday. A 50-50 joint venture between Galp - which earlier on Monday reported a 22% decline in third-quarter adjusted core profit - and Swedish battery maker Northvolt, dubbed Aurora
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Galp shares drop after comments on drilling timeline in Namibia

BUZZ-Galp shares drop after comments on drilling timeline in Namibia ** Shares of Galp GALP.LS fall 5% after the Portuguese energy firm gave a longer than expected drilling timeline for the four-well Exploration & Appraisal programme in Namibia during its Q3 earnings call , Jefferies says ** The longer timeline leads to a later than expected farm-d
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Portugal's Galp core profit falls 22% on lower oil output, weaker margins

UPDATE 1-Portugal's Galp core profit falls 22% on lower oil output, weaker margins Adds CEO quotes, detail EBITDA drops, but beat estimates Galp plans more drilling in Namibia Very keen to hold its 80% stake in Namibia for now By Sergio Goncalves LISBON, Oct 28 (Reuters) - Portugal's Galp Energia GALP.LS reported on Monday a 22% decline in third-quarter adjusted core profit, hit by lower oil output and a sharp drop in refining margins.
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Portugal's Galp core profit falls 22% with less oil output, weaker margins

Portugal's Galp core profit falls 22% with less oil output, weaker margins LISBON, Oct 28 (Reuters) - Portugal's Galp Energia on Monday posted a 22% fall in third-quarter adjusted core profit, hit by lower oil output and a sharp drop in refining margins, but earnings still beat estimates for the period. The energy firm reported adjusted earnings before interest, taxes, depreciation and amortization of 820 million euros ($885 million), beating the 766 million euros average expected by 20 analysts
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Galp Q3 Adjusted Net Profit Of 266 Mln Euros

BRIEF-Galp Q3 Adjusted Net Profit Of 266 Mln Euros Oct 28 (Reuters) - Galp Energia SGPS SA GALP.LS : Q3 ADJUSTED EBITDA 820 MILLION EUROS Q3 ADJUSTED NET PROFIT 266 MILLION EUROS Q3 TURNOVER 5.61 BILLION EUROS Source text: https://tinyurl.com/wysjesym Further company coverage: GALP.LS (Gdansk Newsroom)
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Saipem not interested in entering Eni's CCSU business, CEO says

BRIEF-Saipem not interested in entering Eni's CCSU business, CEO says Oct 24 (Reuters) - Saipem Chief Executive Alessandro Puliti tells press briefing: SAIPEM CEO: GROUP EXPECTS TO START OFFSHORE DRILLING ACTIVITIES FOR GALP IN NAMIBIA IN COMING DAYS SAIPEM CEO: GROUP NOT INTERESTED IN ENTERING ENI'S CCSU BUSINESS Further company coverage: ENI.MI R
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Saipem is entering Namibia with Portugal's Galp, CEO says

BRIEF-Saipem is entering Namibia with Portugal's Galp, CEO says Oct 24 (Reuters) - Saipem SpA SPMI.MI executives in post-results conference call: SAIPEM CEO SAYS BULK OF Q3 ORDER INTAKE RELATES TO UPSTREAM OFFSHORE E&C PROJECTS IN SAUDI ARABIA AND QATAR SAIPEM CEO SAYS MAIN ORDERS THIS YEAR ARE IN UPSTREAM, MORE THAN HALF FOR OPTIMISATION, MAINTENA
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Big oil cash return resilience in spotlight for 2025 - BofA

LIVE MARKETS-Big oil cash return resilience in spotlight for 2025 - BofA STOXX 600 up 0.6% TSMC beat, earnings provide support ECB in focus Banks lead gainers Nasdaq futures rise Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com BIG OIL CASH RETURN RESILIENCE IN SPOTLIGHT FOR 2025 - BOFA When it comes to Big Oil, Bank of America is on a quest for cash return resilience - understand
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European oil stocks fall tracking lower oil prices

BUZZ-European oil stocks fall tracking lower oil prices ** The European oil and gas index .SXEP falls as much as 2.6%, tracking a decline in global oil prices amid demand concerns and comments by Israel on escalating tensions with Iran ** Oil prices fell $2 in early Asian trade on a lowered OPEC outlook for global demand growth in 2024 and 2025, an
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Bunzl, Equinor ASA, L'Oreal

EUROPE RESEARCH ROUNDUP-Bunzl, Equinor ASA, L'Oreal Oct 14 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bunzl, Equinor ASA and L'Oreal, on Monday. HIGHLIGHTS * Adidas AG ADSGn.DE : UBS raises target price to EUR 279 from EUR 275 * Bunzl BNZL.L : JP Morgan raises to overweight from neutral * Equinor ASA EQNR.OL : Morgan Stanley raises to equal weight from underweight * L'Oreal OREP.PA : Citigroup cuts target price to EUR 420 from
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Galp Q3 Working Interest Production Up 6% Vs Q2

BRIEF-Galp Q3 Working Interest Production Up 6% Vs Q2 Oct 14 (Reuters) - Galp Energia SGPS SA GALP.LS : Q3 SALES OF OIL PRODUCTS TO CLIENTS UP 4% AT 1.9 MILLION TONNES VERSUS 1.8 MILLION TONNES IN Q2 Q3 NATURAL GAS SALES TO CLIENTS UP 3% AT 4.0 TWH VERSUS 3.9 TWH IN Q2 Q3 WORKING INTEREST PRODUCTION UP 6% AT 112,000 BARRELS OF OIL EQUIVALENT PER DA
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US regulator denies Shell's request for older Venture Global LNG's documents

US regulator denies Shell's request for older Venture Global LNG's documents HOUSTON, Oct 10 (Reuters) - Shell SHEL.L on Thursday lost a bid to have U.S. regulators allow it to view nonpublic commissioning documents related to Venture Global LNG's Calcasieu Pass facility, a setback in a broader dispute over access to cargoes from the plant. Shell, BP BP.L , Galp GALP.LS , Repsol GALP.LS , Orlen PKN.WA and Edison EDNn.MI have launched contract arbitration cases in the U.S.
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Exane sees OPEC+ excess capacity looming over oil & gas sector

BUZZ-Exane sees OPEC+ excess capacity looming over oil & gas sector ** Exane BNP Paribas says it sees a "substantial" excess OPEC+ capacity hanging over the oil & gas sector "like the Sword of Damocles", anticipating a new phase for oil markets ** The broker warns that the excess OPEC+ capacity is colliding with insufficient global demand to absorb next year's expected non-OPEC supply growth ** Exane says the Brent oil price will have to move to a $60-65 per barrel level that may not only stimul
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Bureau Veritas, Covestro AG, Redcare Pharmacy NV

EUROPE RESEARCH ROUNDUP-Bureau Veritas, Covestro AG, Redcare Pharmacy NV Oct 2 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bureau Veritas, Covestro AG and Redcare Pharmacy NV, on Wednesday. HIGHLIGHTS * British Land BLND.L : Deutsche Bank raises to buy from hold * Bureau Veritas BVI.PA : JP Morgan cuts to neutral from overweight * Covestro AG 1COV.DE : Jefferies cuts to hold from buy * Redcare Pharmacy NV RDC.DE : HSBC raises t
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European oil stocks fall tracking lower oil prices

BUZZ-European oil stocks fall tracking lower oil prices ** Shares in European oil companies move lower, tracking oil prices , which fell on prospects of Saudi Arabia raising output ** Saudi Arabia is preparing to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output, the Financial Times reported ** "Moment
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JPM evaluates 2025/26 cash return for EU oil and gas names

BUZZ-JPM evaluates 2025/26 cash return for EU oil and gas names ** J.P.Morgan estimates that 2025/2026 cash returns would need to go down by 8% as it analyses implications for forward strips at $70 per barrel of Brent for European oil and gas names ** It notes that at that scenario, sector free cash flow yield at 10.2% for 2025 is off 2022/23 highs
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BP, Essentra, OMV

EUROPE RESEARCH ROUNDUP- BP, Essentra, OMV Sept 24 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including BP Plc, Essentra Plc and OMV on Tuesday. HIGHLIGHTS * BP Plc BP.L : Jefferies cuts target price to 540p from 590p * Essentra Plc ESNT.L : Berenberg cuts target price to 200p from 255p * Energean Plc ENOG.L : Morgan Stanley cuts to equal weight from overweight * OMV AG OMVV.VI : JP Morgan raises to overweight from neutral * Saab AB SAAB
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Petrobras wants a 40% stake in Galp's mega oil block in Namibia, director says

Petrobras wants a 40% stake in Galp's mega oil block in Namibia, director says By Marta Nogueira RIO DE JANEIRO, Sept 23 (Reuters) - Brazil's Petrobras PETR4.SA is expected to seek the entire 40% stake of Namibia's Mopane oil and gas exploration block put up for sale by Portugal's Galp, a director at the state-run oil firm said on Monday. To operate the oil field, Petrobras would need the full 40% stake, said Exploration and Production Director Sylvia dos Anjos on the sidelines of the ROG.e oil
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Kiewit settles dispute with Venture Global LNG over construction disclosures

UPDATE 1-Kiewit settles dispute with Venture Global LNG over construction disclosures Adds details and background throughout HOUSTON, Sept 19 (Reuters) - Construction contractor Kiewit on Thursday said it has settled a lawsuit with LNG developer Venture Global LNG over disclosures to Shell SHEL.L of information on the Calcasieu Pass LNG plant, the president of Kiewit Energy said.
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