Ernst & Young Global Oil & Gas Center - Ernst & Young - Global

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.

What’s in store for retail marketing in Western Europe? We believe further divestments in the future are likely as oil companies continue to rebalance their portfolios to drive economies of scale. Discover where acquisition and divestment opportunities are lurking and see which drivers are propelling this industry. (pdf, 219.5kb) 

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, 2.94mb) and learn which measures can be taken to address them now.

Our country attractiveness indices provide scores for national renewable energy markets (pdf, 654.6kb), renewable energy infrastructures and their suitability for individual technologies. In this issue China climbed three points, tying with Germany in the All renewables index, following announcements of increased support for solar PV. Also the UK government published five key documents that will shape its renewable energy industry. Find out what else is on the horizon. 

In this report, we examine some accounting areas— production sharing contracts (PSCs), sales and entitlements methods of revenue recognition and provisional pricing — where upstream oil and gas companies might be affected by the IASB’s proposed new asset liability revenue recognition model (pdf, 333.4kb) . Use this publication to help address how these issues could play out within your organization and to formulate feedback to share with the boards.

Given the volatility in oil prices, cost containment has become a key priority for oil and gas companies. Until the market stabilizes new reserves are more likely to be added via exploration and appraisal than through acquisitions. Still, uncertain demand is making it difficult to plan forward investments. Learn more about the strategic direction of IOCs and NOCs (pdf, 438kb) and gain insight into future project plans.

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.