[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Noah Ajare [@ajarenoah](/creator/twitter/ajarenoah) on x XXX followers Created: 2025-07-23 15:10:38 UTC Portugal's Galp Energia Raises Profit Targets, Seeks Namibia Development Partner Portugal's Galp Energia raised its core profit target for the full year after better-than-expected second-quarter performance and announced expectations to find a partner for developing a promising oil discovery offshore Namibia. The company raised its target for adjusted earnings before interest, taxes, depreciation and amortisation to more than XXX billion euros, up from a previous XXX billion euro forecast. The increased forecast reflects contributions from its gas trading business, lifted by liquefied natural gas cargo deliveries from Venture Global's Calcasieu Pass export facility in Louisiana. Galp's second-quarter adjusted EBITDA reached XXX million euros, surpassing the XXX million euro consensus, while adjusted net profit rose XX percent to XXX million euros. The company expressed confidence in finding a partner to develop the Mopane field off Namibia's coast, initially estimated to hold at least XX billion barrels of oil and gas equivalent. Co-CEO Maria Joao Carioca confirmed the company had received several non-binding offers and will move into bilateral talks, expecting a decision by year-end. Galp is seeking to sell part of its XX percent stake to an oil company that will operate the field.  XX engagements  **Related Topics** [namibia](/topic/namibia) [$galpls](/topic/$galpls) [Post Link](https://x.com/ajarenoah/status/1948038048207225295)
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Noah Ajare @ajarenoah on x XXX followers
Created: 2025-07-23 15:10:38 UTC
Portugal's Galp Energia Raises Profit Targets, Seeks Namibia Development Partner
Portugal's Galp Energia raised its core profit target for the full year after better-than-expected second-quarter performance and announced expectations to find a partner for developing a promising oil discovery offshore Namibia. The company raised its target for adjusted earnings before interest, taxes, depreciation and amortisation to more than XXX billion euros, up from a previous XXX billion euro forecast. The increased forecast reflects contributions from its gas trading business, lifted by liquefied natural gas cargo deliveries from Venture Global's Calcasieu Pass export facility in Louisiana. Galp's second-quarter adjusted EBITDA reached XXX million euros, surpassing the XXX million euro consensus, while adjusted net profit rose XX percent to XXX million euros. The company expressed confidence in finding a partner to develop the Mopane field off Namibia's coast, initially estimated to hold at least XX billion barrels of oil and gas equivalent. Co-CEO Maria Joao Carioca confirmed the company had received several non-binding offers and will move into bilateral talks, expecting a decision by year-end. Galp is seeking to sell part of its XX percent stake to an oil company that will operate the field.
XX engagements
