Oil & Gas
Oil and gas companies face challenges adapting to price volatility, improving performance, managing risk, entering new markets and transforming your business models to achieve a profitable future. What will it take to strike a balance?
For EY Advisory, a better working world means solving big, complex industry issues and capitalizing on opportunities to help deliver outcomes that grow, optimize and protect our clients' businesses.
We help you optimize your capital projects, drive joint ventures, and adapt your business models to maximize resilience. We share our insights and experience in portfolio management, data analytics, supply chain, risk, systems integration, digital oil, performance improvement, cybersecurity and human capital.
Our understanding of your industry issues inspires us to ask better questions. We team globally with you to create innovative answers. Together, we help you navigate the changing regulatory and risk environment to deliver better outcomes and long-lasting results.
- Why we exist
At EY, our purpose is to build a better working world for our clients, our people and our communities.
We strive to help create a legacy of improved business performance, confidence and trust.
We believe that clients need consultants who can take a broader view to find opportunity in a world that's as exciting as it is unpredictable and uncertain.
- How we do it
We team globally to create innovative answers with our clients. The unique and ongoing collaboration between EY consultants and our clients results in better working businesses.
We put you and your issue at the center of everything we do.
We bring deep skills and experience in your industry.
We choose exactly the right people: sector, market and technical professionals from within EY and beyond – like external experts, our alliance and consortium partners. We convene international joint venture partners and act as the glue needed to efficiently deliver the project. And we bring experience and IP from other client engagements, from tools to process maps.
- What we do
We solve big, complex issues and capitalize on opportunities to help deliver better working outcomes that grow, optimize and protect our clients' businesses now and in the future.
We solve big, complex issues and capitalize on opportunities to help deliver better working outcomes.
To keep up with the demand for oil and gas from fast-growing economies, we help you optimize your capital projects, drive both local and international joint ventures and adapt your business models to maximize recovery. EY's operational excellence capabilities can help you become more cost-efficient.
Data and analytics is a huge area of potential. We help you enhance your digital oilfields to operate in a more integrated and efficient manner to increase production and shorten equipment downtime, while increasing the ability to predict system failures, prevent delays and even save lives. With EY's customized Digital Oilfield.
Diagnostic Tools, we can advise you on the most effective digital investments, helping you make better, safer and more efficient decisions. Our IT experience extends from this specialist analytics capability, through to full systems integration and major transformation.
We also help you adapt in a volatile industry environment, for example responding to a drop in oil prices with operational excellence and cost reduction strategies. At EY, we have developed a global framework for key Processes in Oil and Gas Organizations (POGO) in response to these changing dynamics.
POGO is designed to address the sector's needs for cost savings, but it does much more than identify the end-to-end processes in the value chain. It also identifies common business risks within processes and provides integrated controls to mitigate or prevent them in an unprecedented way.
And in an industry where a specialized workforce is in demand, we help you retain talent and attract new people, or rethink your talent models.
Who we are
We are a diverse team of consultants and industry professionals with a global mindset and a collaborative culture.
We're not generalists, but data analysts, supply chain professionals, risk, digital and oil specialists, performance improvement, cybersecurity, human capital professionals and more.
We work hard to understand our clients' issues and are driven to ask better questions in the pursuit of making their businesses work better.
- How do you increase the efficiency of your oilfield operations to meet the challenges of a volatile market?
- How do you protect refining margins?
- How do you develop assets across diverse geographies in a commercially efficient and risk appropriate manner?
- How do you deal with changing local content requirements and build a sustainable work force?
- How do you equip your field operations with the latest digital technology to increase revenues and retain customers?
- How can your engineers use the latest technology to increase the up time of your assets?