Galp Energia says it will not be able to bring its mega 10-billion-barrel Mopane well into development, and sees share dilution as the preferred manner to develop other projects it.
Shares in Portuguese oil company Galp Energia popped on Monday, after it announced completion of the initial exploration phase in the Mopane field, offshore Namibia, revealing the potential presence of a substantial oil reserve of at least 10 billion barrels.
Venture Global LNG on Monday told U.S. regulators it will not provide energy firms Repsol SA REP.MC and Galp Energia GALP.LS with confidential documents on a Louisiana export terminal s operations unless ordered to do so.
Jo-Maré DuddyPortugal’s Galp Energia will pump more than N$3 billion into its oil hunt in its Mopane prospect offshore Namibia this year.Speaking at an investor conference last.