Please note…

You are now on the ey.com Australia site. To return to the ey.com United States site or other country site, click on the Australia (English) link on the upper right of this page, and select your preferred country site.

x
Skip to main navigation

Oil Gas Overview - Ernst & Young - Australia

Forging alliances to meet future energy demand

The oil and gas industry is contending with a dynamic global marketplace and an increasingly insistent group of stakeholders. Regulatory pressures continue to impact operations, while available reserves are more difficult and expensive to produce. As the pressure to meet future energy demand mounts, global alliances are becoming more and more critical.

Ernst & Young bring together the people and ideas that help companies like yours meet the issues of today — and tomorrow. Leveraging a global network of energy professionals through our Global Oil and Gas Center, we work with you to respond to emerging trends, anticipate risks, improve performance and operate more efficiently.

Ultimately, it enables us to help you meet your goals and remain competitive. It’s how we make a difference.

MRRT/ PRRT – The implementation challenge
The MRRT and extended PRRT are proposed to apply from 1 July 2012 (pdf, 955kb). Our Tax Insight addresses the key focus areas for affected tax payers. It also explores the impact on financial statements, how to manage tax risk and compliance, and what systems and processes are required.
Extension of the Petroleum Resource Rent Tax

The release of the Exposure Draft legislation to extend the Petroleum Resource Rent Tax (PRRT) to onshore oil and gas projects and the North West Shelf Project, marks the next stage in the Federal Government’s proposed changes to the taxation of resources. Learn more about the PRRT Exposure Draft.

Oil and gas untapped – September 2011

In this edition of Untapped, we explore how to reduce risks during the transition of ownership, what to consider when tackling tax risk management and how to solve the human capital deficit, all with relevance to the oil and gas industry.
View previous editions of Untapped in our library.

Top 10 risks and opportunities: oil and gas sector

Access to reserves ranks as the number one concern in the oil and gas sector, while frontier acreage presents the biggest opportunity. Our research explores the top 10 risks and opportunities facing the oil and gas sector today.

Coal seam gas: broadening the energy mix

Coal seam gas (CSG) is seen as an important source of energy in many countries. What was once considered a safety risk is potentially becoming a profitable resource. We explore how to confront the risks and challenges.

Growing oil and gas market in Africa

Investors are optimistic about the potential for growth in the African oil and gas sector. Economic growth, expanding populations and the building of efficient and effective political and social institutions will all have positive implications for energy consumption in the region. Learn more about the opportunities.

Oil and gas: capital projects life cycle

Understanding and managing the capital life cycle is critical to the long-term success of an upstream capital project. Poor decisions today result in loss of value tomorrow. Discover how the economy has reshaped the rules, how to manage risk and the steps to improve your oil and gas capital project.

Untapping opportunities in the Australian coal seam gas sector

Growth in the CSG sector in Australia has been meteoric. Stimulated by the Queensland Government’s Gas Scheme and the world’s growing appetite for LNG, the future appears assured. However, it’s not without challenges. This report provides an overview of the CSG sector in Australia and discusses issues and potential pitfalls facing the industry.

Contacts

Russell Curtin
Oceania Sector Leader
Oil & Gas
Tel: +61 8 9429 2424

Woman holding windmill towards sea

The business of climate change

Are you ready? We can assist you in navigating the complexities of the Clean Energy Legislation Package, understand the implications on your industry or business and plan the way forward.

Oil rig

Discover our oil and gas services

Our global leadership can help your oil and gas business strive for greatness. Learn more about the services and guidance we can provide.

2011 global oil and gas tax guide
oil gas tax guide Views 

Our annual tax guide summarizes the oil and gas corporate tax regimes in 61 countries and also provides a directory of our tax contacts in each market. Learn more about variations in local tax legislation and what tax implications have emerged from recent industry trends. Download the 2011 tax guide today. 

Oil and Gas Eye 
Ernst & Young’s Oil and gas eye is a weekly share index tracking the combined performance of the top twenty oil and gas companies on AIM by market weight. A quarterly report provides key analysis and commentary on these AIM listed oil and gas shares.


More oil and gas thought leadership

IFRS oil and gas insights 


National Oil Company Monitor series
In our quarterly reports we offer 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.

Back to top