In an ever-changing landscape, PwC has been providing
professional services to energy and utilities
companies for more than 100 years.
Oil and Gas
Globally, the oil and gas industry is experiencing
continued price volatility, significant technology
advancements, regulatory changes, and the opening of new
exploration areas and new markets. Companies have expanded
internationally via production sharing contracts, mergers,
acquisitions, and strategic alliances. The industry faces
higher spending requirements for compliance with environmental
and safety standards
Utilities
The utility sector is complex and changing rapidly as
companies pursue new models of value creation. Some strategies
fiercely reinforce the traditional integrated utility strength
of owning production, distribution and the customers. Others
seek competitive advantage (or have it thrust upon them by
regulators) by concentrating on particular parts of the energy
chain. Previously sacrosanct national boundaries are falling
as cross border investment progresses. Energy trading is
becoming a risky essential. But the trend to liberalisation,
convergence and competition for end customers is by no means
uniform across territories. National differences abound.
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