Oil Gas Overview - Ernst & Young - Australia

How can you manage your company through the recession and position yourself for growth? After interviewing thousands of oil and gas executives, we identified some overarching themes. From demonstrating operational flexibility to managing risks, we reveal the lessons that could mean the difference between surviving and thriving in the new economic environment.

In this edition of Untapped (pdf, 1.3mb), we explore a number of tax and accounting developments of significance to the industry at both a local and global level.
Two pressing matters are covered in depth: the much anticipated extractive industries discussion paper, due for release in 2010; and the impending Australian Carbon Pollution Reduction Scheme.

View previous editions of Oil and gas untapped at our library.

The oil and gas industry has been unevenly impacted by the global economic downturn. However, the turmoil in stock markets and the lower oil price environment has created some new risks that threaten the near-term survival of a number of companies. See which risks are keeping oil and gas executives up at night (pdf, 4.8mb) and learn which measures can be taken to address them now.

In our quarterly reports, “NOC Monitor” offers insight into the changing economic and political landscape around the world, examining activity in partnerships, M & A, consolidations, and government policy developments between IOCs and NOCs. Tap into our insightful publications.

2008 was a year of two contrasting halves for global M&A activity in the oil and gas sector (pdf, 428kb). As the economic outlook worsened in the first half of the year, oil stocks were temporarily insulated from the full impact of the sell-off in equities by rising oil prices. Will today’s unprecedented challenges diminish oil and gas activity or create opportunities? See our highlights for 2009.

In our global exploration and production (E&P) benchmark study, we reveal a compilation and analysis of publicly available information for 70 companies that are largely representative of the oil and gas industry. Get an inside look at E&P trends surrounding capital spending, revenues, oil and gas reserves and performance measures.

Biofuels’ promise of diversifying fuel sources, putting a cleaner-burning fuel into the world’s gas tanks and creating a growth industry for many agricultural producers remain. However, governments and investors around the world are now questioning biofuels, mandates, subsidies and investments. This report provides critical insights into the emerging trends facing this industry (pdf, 1mb).

Carve-outs, which involve establishing a stand-alone company by divesting a business unit from a parent company, have become an increasingly appealing option. This executive insight (pdf, 683kb) explores several reasons to execute the oil and gas carve-out with care and focus, as the business drivers are often different than those of mergers and acquisitions.