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Oil Gas Overview - Ernst & Young - Australia

Forging alliances to meet future energy demand

As the oil and gas industry contends with a slumping oil price, a global marketplace in crisis and an increasingly insistent group of stakeholders, global alliances are more critical than ever. Regulatory pressures continue to impact operations, while available reserves are more difficult and expensive to produce. There is no doubt that while near-term demand continues to soften, the long-term worldwide growth in energy demand remains.

Ernst & Young brings 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 Centre, 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.

Lessons from change: the oil & gas industry

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.

Oil and gas untapped – September, 2009

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 top 10 risks affecting oil and gas companies

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.

National oil company monitor series

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.

Global Oil & Gas Transactions Review 2008

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.

Global E&P benchmark study: January 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: Do sustainability and climate change concerns signal the end of the road or a new beginning?

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).

Breaking up is hard to do: Adding value with carve-outs in the oil and gas industry

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.

Contacts

Jeff Dowling
Oceania Sector Leader
Oil & Gas
Tel: +61 8 9429 2229


Cover: Global oil and gas tax guide 2009

The Ernst & Young global oil and gas tax guide 2009

Try our new oil and gas tax guide - quickly identify taxes applicable to more than 40 geographic oil and gas tax regimes, specifically those affecting your region.


 

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