Oil & Gas > Industries > Ernst & Young - Ernst & Young - Korea

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, 3.4mb) and learn which measures can be taken to address them now.

Our country attractiveness indices provide scores for national renewable energy markets (pdf, 1.3m), renewable energy infrastructures and their suitability for individual technologies. Not surprisingly, this issue reported a decline in scores across all indices due to the global recession. Still, the emergence of economic stimulus and importance of a "green economy" has provided an additional driver to the renewable sector globally. Find out what’s 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.

In a world in search of new oil sources, the oil sands of Alberta, Canada, may represent at least 50% of new investable reserves accessible in the world today. Tremendous opportunities and challenges lie in highly complex and capital-intense projects with substantial environmental and social/political implications. Learn about the human capital challenges associated with the oil sands boom, focusing on recruitment from our report.