Oil & Gas

Fueling your future in a global economy

With rising global energy demand, the oil and gas industry has a wide range of challenges and opportunities across the upstream, midstream, downstream and oilfield services sectors. We help oil and gas companies navigate through the changing regulatory environment, manage risks and optimize performance.

To help seize new opportunities, our 9,200 oil and gas professionals provide guidance on key industry issues, such as:


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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.

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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.

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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.

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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.

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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.

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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

Dodd-Frank resources

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

IFRS oil and gas insights

IFRS oil and gas insights

See the latest IFRS impacts on oil and gas.

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NOCs and Government Summit

28-30 October 2013
London

This year’s NOCs & Governments Summit will bring together global oil and gas industry leaders, governments and regulators under the Chatham House Rule, to debate how a resource holding country can create real In-Country Value.

EMIR: what does it mean for commodity traders?

Read our insights on the strategic and operational challenges posed by European Markets Infrastructure Regulation (EMIR), particularly Non Financial Counterparties (NFCs).


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Energy hub

UK Energy hub

Visit the UK Energy Hub for our latest independent thinking on the energy sector.

Thought Center Webcasts On-demand

Why Master Limited Partnerships (MLPs), and why now?

Listen to our panel of Ernst & Young professionals discuss the strategy behind MLPs and whether the MLP structure may or may not be right for your company and your stakeholders.

Oil and Gas in Africa

Oil and Gas in Africa
Andy Brogan, Global Oil and Gas TAS Leader, talks about the exciting investment opportunities in Africa.

 

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