Galp Energia, SA (GLPEF) - Grey Market
  • Aug. 13, 2014, 2:35 PM
    • Petrobras (PBR -3.3%) says a fourth well drilled in the Jupiter area offshore Brazil indicates the existence of a subsalt oil discovery.
    • The well is located ~185 miles off the coast of Rio de Janeiro, beneath 2,183 meters of water; drilling will continue until the well reaches a total depth of 5,700 m.
    • PBR is operator of the block with an 80% interest, while a group owned by Portugal's Galp Energia (OTC:GLPEF) and China's Sinopec (NYSE:SNP) holds the remaining 20%.
    • PBR shares have been sharply lower since news of the death of Brazilian presidential candidate Campos.
    | Aug. 13, 2014, 2:35 PM | 5 Comments
Company Description
Currently, there's no company description for GLPEF.
Industry: Electric Utilities
Country: Portugal