You are using an outdated browser For a better experience using this site, please upgrade to a modern web browser. Subscribe Get Daily Email Subscribe --> Contact Us Sign in Home News & Features Compliance Costs Bunker Prices Bunker Intelligence EMEA News Latest Features World Americas EMEA Asia/Pacific Home News & Features EMEA Moeve Sees Galp Downstream Merger Deal in Second Half of 2026 Moeve Sees Galp Downstream Merger Deal in Second Half of 2026 by Ship & Bunker News Team Monday August 3, 2026 Tweet Follow @shipandbunker The company reported €1.18 billion in the H1 2026. Image Credit: Moeve Spanish energy firm Moeve and Portugal's Galp are aiming to sign an agreement on their proposed downstream merger in the second half of 2026 . Talks between the companies are continuing to progress, Moeve said in its first-half financial results on Friday . Ship & Bunker had reported in January that the two companies were exploring a potential merger of parts of their downstream businesses. "We have made strong progress with the proposed downstream merger with Galp and expect to sign definitive agreements in the second half of the year," Maarten Wetselaar , CEO of Moeve, said. The deal remains at a non-binding stage and would need corporate and regulatory approvals before going ahead. Moeve said the proposed combination could strengthen the companies' position in the Iberian energy market. The update came as Moeve reported clean CCS EBITDA of €1.18 billion for the first half of 2026 , while net income rose 41% from a year earlier to €458 million . In the marine fuels market, Galp supplies bunker fuels in Portugal , including biofuels and LNG, while Moeve supplies in Spain . Ship & Bunker News Team To contact the editor responsible for this story email us at [email protected] Also in the News Development Bank of Japan Joins GCMD as Impact Partner GCMD says shipping's decarbonisation challenge is as much about finance as technology. Read in Full Spotba