Galp Energia SGPS SA history, profile and corporate video
Galp Energia SGPS SA is engaged in the extraction and distribution of natural gas and petroleum products. It operates through the following segments: Exploration and Production, Refining and Marketing of oil products, Gas and Power and Others. The Exploration and Production segment explores, develops, and produces oil and natural gas. The Refining and Marketing segment processes raw materials, distributes refined products, and markets to third parties. The Gas and Power segment includes natural gas procurement, distribution and marketing activities, and its electrical and thermal power generation functions. And the Others segment is involved in the management of the company’s subsidiaries. The company was founded on April 22, 1999 and is headquartered in Lisbon, Portugal.“
“Galp Energia History
The Galp Energia group of companies is unparalleled in Portugal. The companies that compose it have, by creating and exploiting new opportunities, contributed to Galp Energia’s current status as an integrated multi-energy operator. Galp Energia’s diversified business portfolio reflects the multiple skills it has developed over time.
The origins of Galp Energia, under a different name at the time, date back to 19th century. In 1846, Lisbon began to be lit by the first gas-fired lamps. From gas-fired lighting, to petroleum and natural gas, many years elapsed of technical, economic and social development. Just as these new sources of energy developed, several companies – CRGE, Sonap, Sacor, Cidla, SPP and Petrosul – were born that eventually defined the path of the Portuguese energy sector and later gave rise to Galp Energia.
Galp Energia was established on 22 April 1999 under the name of GALP – Petróleos e Gás de Portugal, SGPS, S.A. for the purpose of operating in the oil and natural gas businesses after the Portuguese energy sector was restructured. Galp Energia combined Petrogal, Portugal’s sole refiner and the main distributor of oil products, and Gás de Portugal, the company importing natural gas into Portugal and transporting and distributing it domestically.“
*Information from Forbes.com and Galpenergia.com
**Video published on YouTube by “Galp Energia“