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Forging alliances to meet future energy demand - Ernst & Young - Russia

Oil & Gas: meeting future energy demand

The oil and gas industry is contending with a dynamic global marketplace and an increasingly insistent group of stakeholders. Demand growth is slowing and 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.

Oil and gas companies need to know how to respond to emerging trends, anticipate risk effectively, improve performance and operate more efficiently.

Ernst & Young’s Global Oil & Gas Center has a clear understanding of how to do this within your industry. It serves as the hub for our network of highly skilled resources — professionals with deep experience delivering assurance, tax, transaction and advisory services within oil and gas companies.

The Center brings people and ideas together to help companies like yours meet the issues of today — and tomorrow. However complex your challenges, we share information with you on emerging trends and regulations to help you move forward in your business.

You benefit from support in managing your business more effectively — and understanding what’s shaping your industry.

Global Oil and Gas Transactions Review 2011

What M&A trends emerged in the oil and gas industry in 2011? We analyze the upstream, downstream and oilfield services sectors. Read our predictions for 2012.

International GAAP: oil and gas financial statements

An illustrative set of consolidated financial statements for year ending 31 December 2011, prepared according to IFRS Are you following industry best practices? 

Shale gas in Europe: revolution or evolution?

Can Europe’s shale gas production match the US’s success story? Take a closer look at the deciding factors from energy prices to infrastructure capabilities.

Oil and gas capital confidence barometer

Oil and gas executives face strong economic headwinds and high policy risk. Our capital confidence survey explains how they’re responding.

Impact of new IFRS joint arrangements and consolidated standards

The search for growth is leading oil and gas companies to increase their risk and engage in joint arrangements. However, the IFRS accounting standards are changing. How will it affect you? We explore IFRS implications for CFOs and CEOs and the general impact of the new joint arrangements and consolidation standards.

Russian Federation oil tax reform

The first stage of the new tax regime (the “60-66” regime) for the Russian oil industry takes effect on 1 October 2011. This is the first significant step the Russian Government has taken toward a more comprehensive reform of the taxation of the oil industry. Discover more about the objectives and key features of the oil tax reform.

The future of Russian oil exploration: beyond 2025

Until recently, Russian oil and gas companies have not felt a pressing need to engage in active exploration due to the considerable potential of existing sites. However, failure to increase funding for exploration could precipitate a crisis for Russian companies, according to our study, The Future of Russian Oil Exploration. Are oil and gas companies ready to change the existing balance of development, exploration and acquisition costs?

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.

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Contacts


Alexey Loza  

Partner, Head of the Oil & Gas Group in the CIS

Office: Moscow

Tel:    +7 (495) 641 2945

Fax:   +7 (495) 755 9701

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.

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.

Global oil and tax guide 2011The Ernst & Young global oil and gas tax guide 2011

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. Download the 2011 tax guide today.

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