Latest news and stories about energy sector in finance in Portugal for expats and residents.
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The Constitutional Court faces internal conflict as recent rulings validate CESE charges for natural gas companies, directly contradicting a previous plenary decision that deemed the tax unconstitutional.
Over the next three years, the European Investment Bank will make more than €75 billion available to help the European Commission attract private capital for power grids, bank financing for the energy sector, small nuclear reactors, and energy efficiency technologies.
Duarte Bello, currently CEO of EDP Europe, will assume the duties previously held by Pedro de Vasconcelos, a director who resigned from EDP's executive board this Monday and will leave the company at the end of April. According to an official source from the energy company, Bello will also take on responsibility for the Iberian Peninsula region.
EDP executive board member Pedro Vasconcelos has resigned from his role, effective April 30, 2026, according to a statement released by the utility company to the market on Monday night. Vasconcelos has been with the EDP group for 19 years and has served on the executive board, led by Miguel Stilwell de Andrade, for the past three years, overseeing operations in Iberia. The company expressed its gratitude for his contributions. In a separate note, EDP confirmed that it has restored power to 100% of customers affected by recent storms.
Director Pedro de Vasconcelos has resigned from the executive board of directors at EDP, effective April 30. The manager had been with EDP for 19 years, had served as an executive director only since April 2023, and, according to information obtained by ECO, will soon announce the start of a new role elsewhere.
The article from Jornal de Negócios highlights key financial and economic updates relevant to Portugal and the Eurozone. It discusses the energy sector's developments within the Eurogroup, along with other significant economic indicators and market movements. The coverage includes insights into Portugal's economic policies, market trends, and key sectors such as energy, banking, and industry, providing a comprehensive overview to help readers start their day informed about Portugal's economic landscape.
In the fourth quarter of 2025, Galp maintained an average oil-equivalent production of 113,000 barrels a day, up 2% year-on-year, although slightly below the previous quarter.
Galp's refining margins rose in the fourth quarter of 2025 compared with the same period a year earlier. The company shared this information in a trading update released this afternoon via the Comissão do Mercado de Valores Mobiliários (CMVM) website. In the document, the company discloses some data to investors in advance of the forthcoming results presentation...
Namibia is not yet an oil-producing country; the first barrels are expected by the end of this decade.
Portuguese energy company Galp is being absorbed into the investment vehicle Moeve, a development described as diminishing Portugal's presence.
Galp has been the source of several important news stories over the past year. It is one of Portugal’s largest companies, with critical roles in the running of the country, listed on the stock exchange and playing an increasingly important part in the international market, so it is natural that it attracts attention. But even for those who follow the company closely, the recent developments ...
Lisbon’s PSI index has carried 2025’s strong finish into 2026, with retail, banking and energy stocks drawing the biggest investor interest despite recent volatility tied to global geopolitical developments. Analysts argue the index remains well positioned for another positive year, though they warn that elevated macro and geopolitical risk could produce bouts of market turbulence and uneven sector performance.
This week the annual meeting of the World Economic Forum is taking place in Davos, Switzerland. EDP is represented at the event by its CEO, Miguel Stilwell de Andrade, and by the director and CEO of EDP Iberia, Pedro Vasconcelos. The Portuguese utility has been using the event to promote discussion about the challenges facing its sector, as well ...
The Minister of Economy and Territorial Cohesion said today that it would be better if the Sines refinery remained under control from Portugal, but he recognised that the negotiations between Galp and Moeve are taking place between two private companies.
The Galp workers' committee (CCT) has publicly criticised the minister and warned that a proposed merger with Moeve would lead to a reduction in Galp's size and influence, raising concerns about potential job losses and a weakened company position.
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.
Portugal holds a qualified 8.24% stake in Galp's shareholder structure through Parpública - Participações Públicas.
The Government is monitoring developments in the negotiations between Galp and the Spanish firm Moeve over the combining of part of their assets and the creation of two new business platforms, since “strategic assets for national energy sovereignty are at stake”, the Ministry of the Economy stressed on Wednesday, after the Minister of the Environment had said to ...
With strategic assets at stake, the Government says it is monitoring negotiations between Galp and Moeve, which will bring together industrial assets and petrol stations across the Iberian Peninsula.
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.
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 ...
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 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.
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.