2008 | Refinery conversion projects
Refinery conversion projects
Conversion projects of Sines and Porto refineries started.
2008 | Sale of Galp Energia shares by Iberdola
Iberdola sells Galp Energy shares
Iberdola sold all the Galp Energia shares it held, representing 3.8314% of the share capital, to qualified institutional investors.
2008 | Acquisition of Portuguese subsidiaries of Agip and of ExxonMobil
Acquisition of Portuguese subsidiaries of Agip and of ExxonMobil
Acquisition of Portuguese petroleum product distribution subsidiaries of Agip and of ExxonMobil.
2007 | Marketing of natural gas in Spain
Galp Energia has a marketing licence
Galp Energy has a marketing licence for natural gas in Spain.
2007 | E&P in Mozambique and East Timor
E&P in Mozambique and East Timor
Entry into Exploration and Production in Mozambique and East Timor, with a 10% shareholding, in blocks 1 and 5, respectively.
2007 | Ventinveste authorized to produce electric energy
Consortium has the winning bid for producing energy in wind farms
The Ventinveste consortium, led by Galp Energia with 33.34%, has got the winning bid for 400 MW capacity injection and the corresponding receiving sites associated with the production of wind energy at wind farms, under “Phase B” of the public bid launched by the Portuguese government.
2007 | Tupi Discovery
Confirmation of the potential of the Tupi discovery
Confirmation of a potential recoverable volume of the Tupi discovery, in block BM-S-11 in the Santos basin in Brazil, between 5 and 8 billion barrels of oil and natural gas, one of the biggest discoveries of the last 30 years.
2007 | Resumption of E&P activities in Portugal
Resumption of E&P activities in Portugal
Resumption of exploration and production activities in Portugal with the signing of two concession contracts with Portugal for the exploration of seven blocks.
2007 | Production licence for the Combined Cycle Central Station in Sines
Production licence for the Combined Cycle Central Station in Sines
Galp Energia has a production licence for the Combined Cycle Central Station in Sines, formed by two groups with the unit output of 400 MW.
2006 | ERSE approves sector regulation
ERSE approves sector regulation
Approval by the ERSE of the new natural gas sector regulation.
2006 | Sale of regulated activities to REN
Sale of regulated activities to REN
Concretization of the process of separation of regulated activities in the natural gas sector, including the transport and storage of natural gas and the regasification and storage of natural liquefied gas, with the sale of these activities to the REN – Redes Energéticas Nacionais (National Energy Networks), S.A.
2006 | Grupo Amorim reaches shareholding of 33.34%
Grupo Amorim reaches shareholding of 33.34%
Grupo Amorim has reached a shareholding in Galp Energia’s share capital of 33.34%
2006 | Galp Energia enters the stock market
Galp Energia enters the stock market
The entry of Galp Energia in the Stock Market with a capital sale of 23%, sold by the Portuguese government.
2006 | CGD joins the Shareholders’ Agreement
CGD integra Acordo Parassocial
Caixa Geral de Depósitos, S.A. bought 1% of the share capital of Galp Energia, SGPS, SA, previously held by Amorim Energia, B.V., becoming part of the Shareholders’ Agreement.
2005 | Shareholders’ Agreement between Amorim Energia, ENI and REN
Shareholders’ Agreement between Amorim Energia, ENI and REN
Signing of a shareholders’ agreement between shareholders Amorim Energy, ENI and REN.
2005 | Entry of Grupo Amorim in the share capital
Entry of Grupo Amorim in the share capital
The entry of Grupo Amorim into the Galp Energia’s share capital, with a purchase of 14.268% from EDP
2003 | Galp Energy privatization
Third phase of privatization process
The third phase of the Galp Energia’s privatization process has been approved, as part of which REN bought 18.3% of Galp Energia’s share capital, of which 13.5% was bought from Caixa Geral de Depósitos, S.A. and the remaining 4.8% from the Portuguese government
2003 | Linking of Sines terminal to the national network
Linking of Sines terminal to the national network
Conclusion of investments in the natural liquefied gas terminal in Sines and linking of this infrastructure to the national network through the Sines-Setúbal gas line.
2002 | Purchase of 5% from CLH
Purchase of 5% from CLH
Purchase of 5% from CLH – Hydrocarbon Logistics Company, S.A., which enabled the development of a logistics strategy in the Spanish market, allowing products to be introduced in 15 storage parks spread across Spain.
2002 | Co-generation station started
Co-generation station started
Start of operations of the Energin co-generation station, with a capacity of 42 MW, in which Galp Energy has a shareholding of 35%.
2001 | End of substitution by natural gas
End of substitution by natural gas
Completion of city gas substitution by natural gas in Lisbon, and of the construction of a propane gas storage facility in Sines.
2000 | Galp Energia’s privatization
Second phase of privatization process
Start of the second phase of Galp Energia’s privatization process, in which the companies Eni, S.p.A. and Iberdrola, S.A. signed share purchase and sale contracts with the Portuguese government, acquiring 11% and 4%, respectively, of Galp Energia’s capital. Simultaneously, Petrocontrol sold its entire shareholding in Galp Energia, with Eni S.p.A. acquiring 22.34% and EDP - Energias de Portugal, S.A. 11.0%.
2000 | Terminal in Sines
Preparation of the construction of the liquefied natural gas terminal
Start of land preparation work for the construction of the liquefied natural gas terminal in Sines.
1999 | E&P in Brazil
E&P in Brazil
Entry in the Exploration & Production business in Brazil, by participating in the second round for the award of exploration rights, obtaining, together with Petrobras, a concession of two 10% shares in blocks located in ultra-deep water in the Santos basin.
1999 | Galp Energy was incorporated
Galp Energy was incorporated
Galp Energy was incorporated, joining the business of Petrogal and GDP, as a restructuring vehicle in Portugal’s energy sector, in the areas of oil and natural gas, entirely held by the Portuguese government.
1999 | Start of privatization
Start of privatization
Start of privatization process of Galp Energia, with the opening of the company capital to the remaining shareholders of Petrogal and Transgás Thus, on 31 December 1999, an increase in share capital was planned with the increase in share capital subscribed by Petrocontrol, SGPS, EDP - Energias de Portugal, S.A., Caixa Geral de Depósitos, S.A., Portgás and Setgás.
1997 | Natural Gas Project
GDP streamlines project
GDP assumes strategic leadership in the sector and streamlines the Natural Gas Project.
1997 | CLC starts functioning
CLC starts functioning
Start of functioning of CLC – Companhia Logística de Combustíveis de Portugal (Fuel Logistics Company of Portugal), including a multi-product oil-line, with 147 km, between the Sines refinery and the storage park of Aveiras.
1996 | Natural gas reaches the border
Natural gas reaches the border
Arrival of natural gas at the Portuguese border.
1996 | First purchase of natural gas
First purchase of natural gas
First purchase of natural gas made by Transgás.
1995 | GDP holding - Gás de Portugal, SGPS, S.A.
Formation of the GDP holding - Gás de Portugal, SGPS, S.A.
The GDP holding is created - Gás de Portugal, SGPS, S.A., bringing together shareholdings in all natural gas distribution and transport dealers.
1994 | 1st Combined Cycle Central Station for natural gas in Portugal
1st Combined Cycle Central Station for natural gas in Portugal
Signing of a contract for sale of natural gas for electricity generation, 1st Combined Cycle Central Station for gas in Portugal.
1994 | Start of project construction in Portugal
Start of project construction in Portugal
Start of natural gas project construction in Portugal. Transgás has started construction of the main network of a high pressure gas line, between Setúbal and Braga - 350 kilometres.
1993 | Signing of a contract with the Portuguese government
Signing of a contract with the Portuguese government
Signing of a concession contract for the import, transport, storage and supply of natural gas between the Portuguese government and Transgás.
1993 | Transgás
Transgás formation - Sociedade Portuguesa de Fornecimento de Gás Natural, S.A., (Portuguese Natural Gas Supply Company), presently called Galp Gás Natural, S.A.).
1989 | GDP
Creation of GDP
A new national energy policy has been inaugurated. GDP - Gas de Portugal, S.A., was created, with the objective of supplying the country with natural gas.
1982 | E&P in Angola
E&P in Angola
Entry into the Exploration and Production business in Angola, with a shareholding in block 1/82.
1978 | Sines refinery
The Sines refinery starts functioning
The Sines refinery starts functioning.
1978 | Galp
The Galp brand is born.
1977 | Exploration and production management
Petrogal creates exploration and production management
Petrogal creates exploration and production management, for participation in concessions for onshore areas in Portugal and taking up of opportunities in oil exploration in Angola.
1976 | Petrogal
Formation of Petrogal
Petrogal is created from the merger of four nationalized companies (SACOR, CIDLA, SONAP and PETROSUL).
1975 | Nationalization of SACOR, CIDLA, SONAP and PETROSUL
Nationalization of SACOR, CIDLA, SONAP and PETROSUL
The petroleum companies SACOR, CIDLA, SONAP and PETROSUL are nationalized.
1972 | Petrosul
Creation of Petrosul
Petrosul, the Portuguese Petroleum Refining Company is created.
1971 | Sines Industrial Complex
Sines Industrial Complex is started
The Sines Industrial Complex Project is started, formed by a refinery and a petrochemical and olefin factory, being awarded to the SONAP-CUF group (Petrosul).
1969 | Porto refinery
Porto refinery starts functioning
The Porto refinery, belonging to SACOR, starts functioning.
1961 | Cabo Ruivo factory
The Cabo Ruivo factory is started
The city gas factory in Cabo Ruivo is started.
1960 | Sacor Marítima
Formation of Sacor Marítima (Marine)
The company Sacor Marítima is formed, for the marine transport of petroleum products between Portuguese ports.
1957 | Portuguese Petrochemical Company
Formation of the Portuguese Petrochemical Company
The Sociedade Portuguesa de Petroquímica, SARL, is formed for the production of city gas, ammonia and hydrogen.
1944 | Fábrica da Matinha
Inauguration of Matinha gas factory
The Matinha gas factory is officially inaugurated.
1940 | Refinaria de Cabo Ruivo
Inauguration of Cabo Ruivo refinery
The 1st Portuguese refinery in Cabo Ruivo, belonging to SACOR, is inaugurated with the capacity to supply 50% of the market, or 300 thousand tonnes per year.