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

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.

Thinking about investing in Brazil’s pre-salt deepwater oil reserves? These recently discovered reserves triggered a reassessment of the Brazilian regulatory model and a restructuring of the Government’s role in the oil industry. We explain the opportunities, challenges and risks.

What M&A trends emerged in the oil and gas industry in 2010? How will these trends influence 2011 and what role will improving markets play? We take a closer look at the upstream, downstream and oilfield services sectors.

Climate change and sustainability are key issues for the oil and gas industry – they present environmental, social and ethical challenges. What can you do to manage your sustainability risks? Our advice can improve your company’s image and environmental impact.

In the past six years, the degree of working capital tied up in the industry has grown substantially, which means companies are leaving cash on the table. How can you identify and quantify the areas impacting your bottom line? Inside, we offer some clear steps on transitioning over to a cash-focused culture.

When respondents were asked to identify the top risk facing the industry today, energy policy uncertainty ranked as No. 1. Which others made our top 10 list? And what was the basis for their ranking? Find out here and use our insights to further develop your own risk identification/mitigation strategies.