Galp

A deal with Petrobras would have further cemented the long history the company shares with Galp.

Brazil's Petrobras Ends Galp Talks Jeff Fick 2011

With Petrobras leaving the chase for Galp, eyes are now focused on Sonangol, which could decide to take a direct stake in the Portuguese company.

Brazil's Petrobras Ends Galp Talks Jeff Fick 2011

The $3.5 billion investment in the Portuguese power producer follows two deals by China Petrochemical, known as Sinopec, for stakes in Spain's Repsol and Portugal's Galp.

China Gorges on Europe's Energy Assets Wayne Ma 2011

Acquisition of a stake in Galp would have given Petrobras a greater share of some of the key offshore oil discoveries in Brazil's Santos Basin, home to the pre-salt oil finds.

Brazil's Petrobras Ends Galp Talks Jeff Fick 2011

Eni is continuing to assess a "series of other opportunities" for its 33.4% stake in Galp, Mr. Scaroni said.

Brazil's Petrobras Ends Galp Talks Jeff Fick 2011

For Sinopec, it is deep-water oil and gas projects that Galp and Repsol have in Brazil.

China Gorges on Europe's Energy Assets Wayne Ma 2011

Sinopec also has sealed a $2.1 billion purchase of Canada's Daylight Energy Ltd. for access to shale-gas reserves and a $5.19 billion investment in Portugal's Galp Energia SA for oil-and-gas assets in Brazil over the past few months.

China Versus Shareholders Alison Tudor 2011

China Petroleum & Chemical Corp., also known as Sinopec, recently paid $5.19 billion for a 30% stake in the Brazilian unit of Portugal's Galp Energia SGPS SA and $7 billion for a 40% share of the Brazilian arm of Spanish oil company Repsol YPF SA.

Perenco's Brazil Unit to Sell 10% Stake in Offshore Blocks to Sinochem Jeff Fick 2012

In Lisbon, Galp Energia sank 11% after China's Sinopec agreed to buy 30% of Galp's Brazilian assets for $3.54 billion.

European Stocks Jump Barbara Kollmeyer 2011

Petrobras will invest $224 billion through 2014 to develop the pre-salt fields, where Galp is also a partner.

Brazil's Petrobras Ends Galp Talks Jeff Fick 2011