10:00. Galp and Moeve: Government says it is monitoring the situation
It is an agreement that could lead the Sines refinery to join a joint venture. Also in this bulletin: the campaign for the presidential election and Donald Trump's threats to Iran.
Government watching Galp‑Moeve talks over strategic assets
Reporting says the Government is monitoring negotiations between Galp and Spain’s Moeve on a deal that would combine parts of their assets and create two new platforms, with ministers stressing strategic energy assets and national energy sovereignty are at stake. Officials are watching to ensure any transaction protects critical infrastructure and interests. Entrepreneurs and energy-sector observers should be aware that a deal could affect local supply chains, jobs and investment decisions in the coming months.
Galp is Portugal’s integrated energy company operating in fuel, natural gas, electricity retail, refining and upstream activities, and it supplies households and businesses across the country. For expats, issues at Galp—such as recent billing disruptions—can mean unexpected large utility bills or service problems, so check your account, contact the supplier and keep billing records.
Moeve is a Spanish energy company that, as of January 2026, has been in talks with Portugal's Galp about combining parts of their assets and creating two new business platforms; the Portuguese government says it is monitoring the negotiations because the transaction could involve strategic assets tied to national energy sovereignty. People watching energy supply, regulation or prices should note that large cross‑border asset reorganisations can change ownership, investment decisions and regulatory oversight.
Competition Authority says it may have to intervene in the deal between Galp and Moeve
Workers and the PCP (Portuguese Communist Party) are calling on the Government to state its position on the transaction between Galp and the Spanish company Moeve. Stock market investors have welcomed the deal, which still has to be assessed and it is not clear by whom.
Iberian giants? From CTT to Sonae, meet the Portuguese–Spanish partnerships that could inspire Galp
Portuguese oil company Galp and Moeve announced an agreement to discuss merging their networks of service stations and refineries — a partnership that could create a giant in the sector. Through these strategic deals, various companies have sought to strengthen their Iberian presence, some with more success than others. From the postal service to ...
The day Galp began speaking with a Spanish accent
Galp is preparing a partnership with Spain's Moeve involving petrol stations, energy and Portugal's only refinery. What is at stake in this deal? Analysis by journalist Ana Suspiro.
Galp: 20% stake in refinery secures a say in strategic decisions
Galp will be a minority shareholder in the company that will own the Sines refinery. Decisions will be negotiated so the Portuguese side carries greater weight. Managers say the government was informed of a merger that preserves the Galp brand.
8pm: GALP remains in Portugal despite the Moeve deal
Negotiations are underway and the Government has already been informed. Also in this bulletin, Mário Centeno will enter the race for the vice-presidency of the European Central Bank.
"Positive development". Analysts applaud Galp's talks with Moeve and shares rise 2%
Galp shares rose 2.03% to €14.865 each on Thursday, with analysts viewing positively the start of talks with the Spanish company Moeve (formerly Cepsa) on a possible merger of their downstream portfolios and the creation of two companies to operate on the Iberian Peninsula: one for the retail business and another for ...
Galp and Moeve negotiate integrating part of their business to create joint platforms
The agreement aims to potentially integrate refining and oil-processing operations on the Iberian Peninsula.
Galp and Moeve in talks to combine retail and refining
Galp and Moeve, the former Cepsa, are holding non-binding talks to merge their refining operations and petrol station businesses. Galp is focusing on oil and gas exploration.
Galp and Moeve prepare alliance to create an Iberian giant capable of refining 700,000 barrels of oil per day
The two groups announced an agreement to hold “detailed discussions” about a future alliance involving joint ventures for oil refining and fuel sales.
What Mendes's client list reveals
Mendes disclosed 22 clients of his firm; only five were entities he provided consultancy to, two of them in the energy sector. The remaining 17 relate to paid speaking engagements at conferences.
