Percorrer por autor "Arif, Omar Mahomed"
- Galp Energia : from downstream to upstream in face of low oil pricesPublication . Arif, Omar Mahomed; Guedes, Nuno Manuel de MagalhãesGalp Energia, was the largest integrated Portuguese oil and gas company. In the beginning of the new century, the company decided to conquer the international market by adding the upstream segment to the downstream business where it had been present for decades. The dream of the Portuguese company started to fade due to the recent oil crisis. This left Galp with 3 options: divest in the upstream segment, slow down the pace of investment in the exploration and production segment or continue with the aggressive investment strategy in the upstream segment. The Case Study involves topics ranging from internationalization strategy to strategic, operational and financial management. This dissertation also includes a Literature Review and a Teaching Note. The Literature Review addresses topics relevant for the understanding of the oil industry. The Teaching Note, offers an analysis of the issues raised in the Case Study, including strategic alternatives for Galp to deal with the oil crisis, especially in what the right balance between the upstream and the downstream operation within a vertically integrated company is concerned. Key Words: Oil and gas, upstream, downstream, oil crisis, internationalization strategy, strategic, operational and financial management.