Galp

Look at the energy sector today.

The Galp situation?

Yes.

The state is spending €200 million just to secure a board administrator position.

Also, they don't lose control of the Galp refinery in Sines.

200 million for a single seat at the table of an oil refinery.

It's a huge strategic investment for them.

Because it feels so unequal.

And that economic anxiety on the streets, I mean, it provides such a jarring contrast to the numbers we are seeing in the corporate sector right now.

The Galp numbers.

Yes.

While citizens are literally protesting over the fundamental cost of living, Correio da Manha highlights that Galp has made 5.4 million euros per day in profit over the first nine months of the year.

Per day.

Per day.

It's staggering.

Driven heavily by expensive diesel and gasoline.

So, that deal has fallen through.

Now, Galp has said, you know, they're painting – I guess, predictably a positive picture.

They're saying it won't impact their existing operations or their confidence.

They've got a lot of confidence in being a standalone company and their investment strategy is unchanged.

The drilling campaign is intended to further assess the discovery's resource potential and provide technical information to guide development planning and commercial evaluation.

Total Energies and GALP each hold 40% participating interest in Petroleum Exploration License 83, where Mapane is located, while Namco and Castos Energy each hold 10%.

The appraisal results will help the joint venture assess potential development options and determine the requirements for progressing towards production.

National Assembly approves Petroleum Amendment Bill to restructure Namibia's upstream sector.

John, he's a mechanical engineer and the founder of Solviva.

His company helps owners and businesses across Portugal design, install, and manage solar and battery systems.

All the way from Cascais, to Lisbon, to Yalga, Porto.

You know, Portugal gets, I think, probably 260 to 300 days of sunshine a year.

I said, well, can I have a discount off that? Because I'm providing the grid with energy.

Oh, no.

What you have to do is you have to set up an entity, a company, an energy company, because you're producing so much electricity that you need to actually be a company to do it.

Yeah.