Galp Energia SGPS SA is transforming from Iberian oil incumbent into an integrated renewable and low carbon fuels platform. Here’s how its flagship transition strategy stacks up against global rivals. You can read the whole feature published in Ad Hoc News by clicking on the link at the bottom of the page.
On one side: decades of sunk capital in oil and gas, a historically strong refining and marketing business in Iberia, and a shareholder base that still expects cash flows. On the other side: aggressive climate targets in Europe, rapidly scaling solar and wind economics, and customers who increasingly want cleaner molecules and electrons, not just cheaper petrol.
That tension is exactly why Galp Energia SGPS SA has become one of the more interesting transition stories in Europe. Rather than branding a single product like a gadget or a car, the company’s real “product” is its integrated energy platform: upstream oil and gas (notably in Brazil), a major Sines industrial and refining complex in Portugal, a fast growing renewable power arm, and a pipeline of low carbon fuels and hydrogen projects.
This integrated product strategy is Galp’s answer to the existential question facing the sector: how do you keep today’s earnings engine humming while building the low?carbon business that will eventually replace it?
To find out more click on the link Galp Energia SGPS SA: Can an Oil Major Reboot Itself for the Green Age?
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