Oil & Gas

Competing and managing risk in oil and gas

While risk continues to dominate the energy landscape, competition is also becoming a dominate feature. We help oil and gas companies understand their business risks and develop plans to manage or capitalise on them.

Our professionals understand business operations and use their knowledge to support clients in defining and developing their strategies and risk mitigation techniques.

Related content:

• Business pulse: oil and gas
• The Norwegian oil field service analysis 2012
• Review of the UK oilfield services industry in 2012
• Global LNG: New pricing ahead?
• 2012 Global oil and gas reserves study
• Exploring the top 10 opportunities and risks in Canada's oilsands 2012–13
• The evolving world of supplier risk
• Oil and gas cyber security update
• Overcoming the challenges of implementing NOC globalization ambitions
• Eurozone in motion: Oil & gas sector-specific considerations
• Rising to new challenges in the face of global demand: liquefied natural gas in Canada

Navigating M&A and investment decisions

Players in the capital-intensive oil and gas industry began partnering more vigorously. The past two years have seen a significant ramp-up in oil companies’ planned investments in unconventional oil and gas plays, with a marked increase in joint ventures and acquisitions.

Need to make better and more informed decisions about how to strategically manage capital and implement transactions in a changing world? Let us help.

Related content:

• Oil and Gas Capital Confidence Barometer
• Investment appetite up for IPOs among institutional investors
• Global oil and gas transactions review 2012
• Canadian oil and gas transactions and trends: 2012–13
• Oil and Gas Eye
• FIRPTA investment guide
• Asia-Pacific oil and gas transactions, Spring 2013
• Making the most of transaction opportunities in Canada’s oil and gas sector in 2012
• Navigating joint ventures in the oil and gas industry

Cost reduction and process optimization

Oil and gas companies have seen significant increases in drilling, service, production and operating costs over the past decade. More complex operations generally mean more costly operations.
 
The most common initiatives for companies were to optimize processes and embed controls. Typically, companies in the oil and gas sector seeking to contain costs will focus heavily on third-party spend, headcount, shared services, IT efficiencies and outsourcing.

Related contents:

• Human resources in Canada's oil and gas sector
• Upstream driver-based performance management
• Supply chain management in a shale environment
• Cash in the barrel: analysis of working capital management
• Capital project life cycle management for oil and gas

New and emerging market growth

The rise of emerging markets gives the oil and gas industry a new business perspective. Challenges and opportunities exist in a growing economy, evolving government regulations and increasing competition.

Whether you have a tight focus on the BRIC countries or want to see the full range of emerging market growth, we provide a global industry perspective.

• Africa
  • Nigeria Petroleum Industry Bill – 2012
  • Natural gas in Africa: frontier of the Golden Age
  • EY Africa's oil and gas tax capability
• Arctic region
  • Global Tax Alert: Greenland
  • Exploring Arctic oil and gas
• Brazil
  • Brazil: opportunities for oil and gas
• China
  • Asia-Pacific oil and gas transactions, Spring 2013
  • Fueling the dragon: China's investment in the global oil and gas market
  • Oil and gas investment perspectives for Asia
• Middle East
  • EY's MENA Advisory capabilities in oil, gas and petrochemicals
  • 2012 Middle East attractiveness survey
• Russia
  • Innovative use of helium: Does Russia need to produce helium?
  • Measures to enhance Russia's investment appeal
  • The future of Russian oil exploration, beyond 2025

Monitoring regulatory changes

The top driver of regulatory risks, as reported by oil and gas companies in our global multi-sector survey, is the sector-specific regulatory pressures. In many countries, regulatory and fiscal frameworks are uncertain.

Our accounting and tax compliance services are focused on helping large, multinational companies meet their financial reporting requirements in the many countries where they do business.

2012 global oil and gas tax guide

Our annual tax guide summarizes the oil and gas corporate tax regimes in 70 countries and provides a directory of our contacts in each market.

Dodd-Frank resources

Discover publications and webcasts can help you navigate Dodd-Frank.

IFRS oil and gas insights

See the latest IFRS impacts on oil and gas.

Related content:

• Oil and gas update: the international dynamics of shale
• Tax alert: FY 2014 US budget impact on oil and gas
• EY Energy Tax Summit: discussion highlights
• Financial reporting briefs, March 2013
• Hot Topic: changes in tax and fiscal regimes
• Risk and compliance for global oil and gas companies
• FIRPTA investment guide
• Master limited partnership accounting and reporting guide
• Tax Insight: Australia's Petroleum Resource Rent Tax (PRRT)
• Shale gas report – Poland: tax and accounting issues