Galp has successfully completed another phase of testing in its Namibian oil exploration, confirming the extent and quality of the reserves. The company, along with its partners, plans to continue analyzing new data and progressing with exploration activities. Galp holds an 80% stake in the complex, with the remaining 20% owned by NAMCOR and Custos Energy. The company aims to retain its full 80% share, having discovered significant oil reserves earlier this year.

Lusorecursos plans to start lithium extraction in Montalegre by 2027 and deliver refined products by 2028, despite Galp's cancellation of a similar project in Setúbal. The company is negotiating with European clients and remains confident in its economic viability. The European battery market faces challenges, highlighted by Northvolt's financial struggles, but Lusorecursos sees opportunities for growth. The company emphasizes the importance of implementing the EU's critical raw materials regulations to counter China's dominance in the sector.

Lifthium Energy, a company formed by Bondalti and Grupo José de Mello, remains committed to its lithium refinery project but has not yet made a final investment decision. The company is actively engaging in technical and market analyses, seeking potential financiers, and contacting authorities for project licensing and support. The project's location is undecided, with Portugal and Spain as options, though Spain is seen as more attractive for licensing. The project's future is uncertain following Galp's cancellation of its lithium refinery project in Setúbal due to Northvolt's financial difficulties.

Savannah Resources is exploring the development of new lithium refineries in the Iberian Peninsula, independent of Galp's recent project cancellation. The company is in discussions with AMG Lithium and other partners to expand refinery operations, aiming to start production by 2027. Galp's withdrawal from the Aurora project, due to Northvolt's financial issues, highlights the need for broader support in Europe's lithium value chain. Despite Galp's efforts to find new international partnerships, they have been unsuccessful so far.

McKinsey sees the electric vehicle value chain as a key opportunity for Portugal's reindustrialization, despite Galp's recent cancellation of a lithium refining project. André Anacleto, a partner at McKinsey, emphasizes Portugal's potential due to its natural resources, such as lithium, and affordable energy. The country also possesses specialized knowledge in chemical refining and engineering, crucial for battery production and integration into electric vehicles. The statements were made during the launch of McKinsey's Industrialization and Energy Transition Index. Portugal currently produces 320,000 vehicles annually, with only 0.1% being electric, compared to Germany's 30%. Challenges include market growth slowdown due to reduced incentives.

Enerfip, a French investment platform, has launched its first solar energy crowdfunding project in Portugal, aiming to raise 5 million euros with a minimum investment of 10 euros and a promised return of 8.5%. The project involves six solar projects with a total capacity of 22.5 megawatts, promoted by Langur Holding Corporation and Green Power. Enerfip plans to finance more projects in Portugal and expand its portfolio across Europe and other continents. The company, based in Montpellier, France, has financed 430 projects with a total investment volume of 500 million euros since its founding in 2024.

Portugal is advancing in its energy transition but is missing out on competitive advantages for reindustrialization, according to McKinsey. A successful green reindustrialization could boost GDP by 15% by 2030. The McKinsey report highlights Portugal's potential due to its ability to produce clean energy 20% cheaper than the European average. The transition could increase exports by 20% and create 300,000 jobs. However, the lack of investment in research and development is a barrier. Portugal has significantly reduced greenhouse gas emissions and integrated renewables, with electricity prices for industry being 50% cheaper than the EU average in 2023.

The Portuguese energy regulator, ERSE, warns against unauthorized changes of energy suppliers, highlighting that such illicit practices are subject to sanctions. This follows complaints from EDP customers about unauthorized contract transfers. Since the implementation of the energy sector's sanctioning regime in 2013, ERSE has processed multiple cases of improper supplier changes and unfair commercial practices, resulting in fines totaling nearly one million euros. These penalties have also led to customer compensation and the enforcement of compliance rules by energy suppliers.

The European Commission has criticized Portugal's 2025 budget proposal for not fully aligning with EU recommendations, particularly due to the continued support for fuel subsidies. The Commission argues that these measures are not targeted at protecting the most vulnerable and do not incentivize energy savings. Despite the EU's insistence on ending these subsidies, the Portuguese government, led by Finance Minister Joaquim Miranda Sarmento, has rejected an immediate cessation, citing the importance of keeping fuel prices low. The Commission also calls for improvements in Portugal's fiscal system and pension sustainability. The budget proposal is part of the EU's broader assessment of member states' fiscal plans, with similar concerns raised for Luxembourg and Malta.

In the drama series 'Teresa,' Esperança's pregnancy becomes public knowledge, leading to significant turmoil. Mayra discovers the pregnancy and confronts Esperança, while Teresa, driven by jealousy, reveals the news to Aída. Aída, distressed by the possibility of having a half-sibling, confronts Mariano, who supports Esperança's claim that the child is not Rubens'. The situation escalates as Aída demands Mariano choose between her and Esperança, complicating his relationships further.