Log in

Login to your account

Username *
Password *
Remember Me

Create an account

Fields marked with an asterisk (*) are required.
Name *
Username *
Password *
Verify password *
Email *
Verify email *
Captcha *

Latest News

New trail to unveil hidden springs and water fountains in rural Silves

New trail to unveil hidden springs and water fountains in rural Silves

A new trail which promises to unveil hidden natural springs and water fountains that most people did...

Chinese construction ‘giant’ gunning to take over Brisa motorway concession

Chinese construction ‘giant’ gunning to take over Brisa motorway concession

The largest construction company in the world, China State Construction Engineering, is said to be very keen...

Faro Council to rake in €500,000 with new “tourist tax”

Faro Council to rake in €500,000 with new “tourist tax”

Faro Council will be implementing a new “tourist tax” in the municipality on Sunday, March 1 which...

TAP posts losses of over €95 million and wants compensation for €10 million ‘hole’ created by Venezuela flight ban

TAP posts losses of over €95 million and wants compensation for €10 million ‘hole’ created by Venezuela flight ban

Portugal’s flagship airline TAP has revealed annual losses (for last year) of over €95 million, while its...

Thousands protest outside parliament against bills to legalise euthanasia

Thousands protest outside parliament against bills to legalise euthanasia

Thousands of people have taken to the street in Lisbon today to voice their opposition to five...

New US bid to twist Portugal’s arm over 5G development with Huawei

New US bid to twist Portugal’s arm over 5G development with Huawei

The US government has sent a third representative to Lisbon this week to warn against the perceived...

Government’s plan to wrangle foreign developers in Lisbon and Porto with golden visa changes draws flak from property industry

Government’s plan to wrangle foreign developers in Lisbon and Porto with golden visa changes draws flak from property industry

Foreigners looking for a chance to secure residency in Portugal through the golden visa scheme are starting...

Number of tourists in 2019 smashed records in “historic year” for tourism in the Algarve

Number of tourists in 2019 smashed records in “historic year” for tourism in the Algarve

Growth in the number of guests (+ 7.2%), total revenue (+ 7.2%), and in overnight stays (+...

Latest Features

Algarve Archaeological Association Talk - An archaeologist amongst the gravestones: reading two Irish graveyards

Algarve Archaeological Association Talk - An archaeologist amongst the gravestones: reading two Irish graveyards

The study of gravestones can provide a wealth of information not only about the people to whom they relate, but also about the different...

Facebook Ads news by Clarity - Facebook is changing its advertising budgeting

Facebook Ads news by Clarity - Facebook is changing its advertising budgeting

If you are advertising on Facebook, these are important news for you! Facebook is changing its advertising budgeting. On the 27th February a mandatory change...

Legalising Euthanasia In Portugal - Are You For Or Against It?

Legalising Euthanasia In Portugal - Are You For Or Against It?

Thousands protest outside parliament against bills to legalise euthanasia in Portugal - Are You For Or Against It?

Private Chef experience SUPPER STARS turns your home in the Algarve into the best restaurant

Private Chef experience SUPPER STARS turns your home in the Algarve into the best restaurant

With over 100 professional chefs in Portugal, Spain and in the United Kingdom, SUPPER STARS brings a talented brigade of world class private chefs...

What Are Excess Insurance Policies and Why Are They Useful?

What Are Excess Insurance Policies and Why Are They Useful?

Insurance is one of those things that you never want to think about. You go in, sign a few papers, and then head home....

The National Health System In Portugal - what are your views?

The National Health System In Portugal - what are your views?

In the news this week we saw a protest outside Portimão hospital, against the decline of clinical services in the SNS. What are your...

Left Bloc - "The idea that oil is the future of energy is clearly an idea of ​​the past"

galpLogoThe parliamentary leader of the Left Bloc, Pedro Filipe Soares, today challenged the government to scrap all oil and gas exploration contracts in Portugal.
 
"The idea that oil is the future of energy is clearly an idea of ​​the past," said the bloquista, adding that no new exploration contracts should be signed.
 
The Left Bloc is presenting a draft resolution to parliament, recommending that the Government does not grant petroleum prospecting licenses in the Peniche Basin, or anywhere else. For the party, this is only the first step of a new paradigm: the objective is to ensure that there are no such oil and gas projects anywhere along the Portuguese coast.
 
Pedro Filipe Soares was part of a delegation visiting the Fortress of Peniche and explained that on May 18, 2007, the government negotiated a concession agreement for oil research in the Peniche Basin with a consortium of four companies - Galp (30%), Repsol (34%), Kosmos 31%) and Partex (5%).
 
This contract covered four blocks, Camarão, Ameijoa, Mexilhão and Ostra.
 
Ten years later, the consortium gave up on three of these concession areas based on the analysis of the geological data it has collected which showed a poor chance of success. Galp recorded a loss of €22 million on the exercise.
 
In May 2017, Galp, led by Carlos Gomes da Silva, requested the end of its partners' involvement in the Camarão concession area and requesting that Galp alone would press ahead as the operator of the consortium under the original 2007 contract, as the original partners had dropped out.
 
Galp's now wants a green light for exploration in the Camarão concession area by using the original 2007 contract. This contract predates law changes that require consultation with those local council areas that may be affected by an oil spill, also the energy company will have to reapply to government to have a new license issued in Galp's name alone.
 
"In this way, the transfer of a contract between private parties will be detrimental to the State and its objectives in combating climate change," argues the Left Bloc.
 
"The country must have effective policies to combat climate change. In this context, it is essential to reduce CO2 emissions and, at the same time, to help prevent global emissions from increasing. This objective will only be possible through the cancellation of the remaining hydrocarbon concessions on land and at sea," reads the draft resolution from the Left Bloc.
Pin It

You must be a registered user to make comments.
Please register here to post your comments.

Property

3 Bedroom Cottage, near Loulé

3 Bedroom Cottage, near Loulé

A country cottage, located within a small, quiet hamlet where you are not isolated but are away from the hustle...

3 Bed Countryside Villa with pool, near Loulé

3 Bed Countryside Villa with pool, near Loulé

This three bedroom, two bathroom single storey house is set in a plot of 1.000m2, in a quiet country village,...

A Superb & Spacious Villa in Sesmarias, Albufeira

A Superb & Spacious Villa in Sesmarias, Albufeira

Located in popular Sesmarias to the west of Albufeira, this spacious villa is within walking distance of the superb Evaristo...

Character Carvoeiro Villa For Sale

Character Carvoeiro Villa For Sale

This impressive character 3+1 bedroom, 4 bathroom villa of 333.40m2 is situated on a gated 2.790m2 plot with immaculate gardens....

A Stylish Villa with Wonderful Spaces Indoors & Out

A Stylish Villa with Wonderful Spaces Indoors & Out

This beautiful, spacious, contemporary property is located within a large, walled plot in a calm, residential neighbourhood within a few...

A Charming Bungalow within Balaia Golf Village

A Charming Bungalow within Balaia Golf Village

This three-bedroom, semi-detached single storey bungalow is located at the heart of the well regarded Balaia Golf Village. With a...

Latest Classifieds

Private Chef
(Services / Offered)

Private Chef

Villamoura Villa For Sale - OFFERS INVITED
(Property / For Sale)

Villamoura Villa For Sale - OFFERS INVITED

ACORN STAIR LIFTS INSTALLED BY ANJO
(Home and Leisure / Electrical)

ACORN STAIR LIFTS INSTALLED BY ANJO

Acorn Stairlifts Portugal
(Home and Leisure / Furniture)

Acorn Stairlifts Portugal

Subscribe

Want to be kept up to date? Subscribe to our regular E-Newsletter here.
* Please use a valid email address, as a confirmation email will be sent.

LIVE Exchange Rate