Almost all of Portugal in severe drought after hot, dry May
Almost the whole of Portugal was in severe drought at the end of May, the country’s weather service said Thursday. The month of May was the hottest in the southern Continue Reading
ABB to provide power and propulsion solution for 10 all-electric ferries
ABB has secured a contract with Spanish shipbuilder Astilleros Gondán to supply the all-electric power solution for fast 40-meter urban passenger ferries transporting up to 540 passengers each across Lisbon’s Continue Reading
Portugal’s energy crisis worsens as fuel-tanker strike drags
Energy shortages in Portugal sharpened on Wednesday as a strike by fuel-tanker drivers entered its third day in the worst industrial unrest of the Socialist government’s four-year rule. Panicked motorists Continue Reading
Is This Europe’s Newest Oil & Gas Producer?
Few countries have a hydrocarbon history as difficult and convoluted as Portugal. It has lost its colonies just as Angola’s oil production was on the brink of multiplying – later Continue Reading
Hot, Dusty And on Fire: Portugal’s Heatwave Breaks Records
Eight places in Portugal broke local temperature records as a wave of heat from North Africa swept across the Iberian peninsula — and officials predicted the scorching temperatures could get Continue Reading
EDP Set To Reject $11B Chinese Takeover Offer
The biggest energy company in Portugal— EDP-Energias de Portugal SA—is expected to reject a US$10.9 billion (9.1 billion euro) offer from its largest shareholder China Three Gorges that seeks to Continue Reading
Portugal Dominated Angola for Centuries. Now the Roles Are Reversed.
How the roles have reversed: The colonizer, some Portuguese contend, has been colonized. On the Portuguese coast of Cascais, where the nation’s royal court used to summer, a new 14-story Continue Reading
More EU praise for progress on renewable energy
Renewable energy gives Portugal, which imports all of its oil and gas, a way to gain a degree of independence over its economy, a European energy official said. Vice President Continue Reading
Galp project breakeven price below $30 a barrel: CEO
Portuguese oil company Galp Energia has a project breakeven price below $30 a barrel, making it one of the lowest cost producers in the industry, its chief executive said on Continue Reading