Oil and gas

The energy industry contends with a great amount of uncertainty and risk, and yet companies have to focus on the future to ensure financial and operational success. At PwC, we study industry trends and issues closely, so that we can better understand the challenges that our clients face, and how we can best help them to achieve success.

The energy industry requires long lead times for new projects, and even though the current global economy is struggling, the world’s population continues to grow. With this growth, energy demand will increase. Weighing the risks versus benefits of new projects, new products and how much capital to invest, energy companies also have to consider regulatory, safety and environmental concerns. Balancing the need to supply the world with hydrocarbons, companies are also looking at investments in alternative energy sources, including unconventional sources, biofuels, renewable energy sources, and ways to improve energy efficiency.

So at PwC, we are not only watching these developments in the industry, but we are analyzing these changes from the perspective of how they will impact our clients, and how we can best help companies prepare and manage the changes. We examine the issues, and build teams of subject matter specialists who develop appropriate solutions through our assurance, tax and advisory services. Our experienced professionals are on the ground in 158 countries around the world contributing local insight and understanding.

Areas where PwC can help you

Recent postings

Global Prospective Shale Plays Map
Platts new Global Prospective Shale Plays, 2014 edition wall map presents the primary shale basins throughout the world. It lists the geological characteristics of the shale basins, shale resources by country by type (tight liquids plays, shale oil plays, and shale gas plays), and their prospectivity.
Gateway to growth: innovation in the oil and gas industry
Gateway to Growth: innovation in the oil and gas industry discusses how energy companies use technological advances and innovation solutions to improve performance, ensure safety, and gain a competitive edge in the industry.
The Bit - What energy company executives need to know about the proposed lease accounting standards
US and international accounting standards setters are getting closer to completing their overhaul of lease accounting. This PwC newsletter summarise the proposed guidance and explains how it is likely to change key financial reporting metrics.
Exploring reporting: What do investment professionals need from oil & gas company reporting
In Exploring reporting we asked investment professionals in five capital markets for their views on the quality of reporting in the sector today and where they see scope to improve, their opinions on scope of assurance and their preferred channels of communications and the results identify some really clear opportunities for improvement.
New conventions for unconventional oil and gas series: Optimizing the play to improve returns
In the second installment in a series of three, New Conventions for Unconventional Oil and Gas, PwC charts the rapidly evolving management practices that address the speed and complexity inherent in developing tens of thousands of unconventional wells across the shale basins of the lower 48 states.
Energy Visions business forum 2013
PwC conducted an audience poll during the 2013 Energy Visions Event. Read this report for more insight into what industry players thought on topics related to the oil and gas industry.
Shale oil: the next energy revolution
Shale oil could revolutionise the world’s energy markets over the next 20 years, resulting in lower oil prices, higher global GDP, changing geopolitics and shifting business models for oil and gas companies.
Eurasia Group and PwC: Global trends in oil & gas: Free markets versus state capitalism
The rise of state-owned national oil companies (NOCs) is part of the trend toward state capitalism in emerging markets. While NOCs may lack cutting-edge energy production technologies, they have the advantages of low-cost capital from state-controlled banks.
Global energy statement of capabilities - Helping energy companies succeed
The energy industry contends with a great amount of uncertainty and risk, and yet companies have to focus on the future to ensure financial and operational success. At PwC, we study industry trends and issues closely, so that we can better understand the challenges that our clients face, and how we can best help them to achieve success.
Managing your capital project: Capital project capability statement
PwC’s Capital Projects & Infrastructure (CP&I) network combines the Firm’s diverse talents and deep industry skills to help clients deliver sustainable returns on capital investments. We create lasting value for our clients by bringing together the right mix of skills to solve the most complex infrastructure related challenges. Our teams leverage the creative mindset and problem-solving experience of our consulting professionals, who include financial, project management, risk management and engineering specialists, with the precision, structure, analytical capabilities and the accountability ethic of our Assurance and Tax practices.
Energy, utilities and mining: Embedding cyber security into the energy ecosystem: PwC
Even the biggest, best prepared organisations are vulnerable to cyber attacks. Today’s cyber threats are persistent, well organized and often successful. At the same time, energy security leaders face a myriad challenges that can divert their focus, including demand for always-on services, intensifying regulations, mobility and initiatives like replacing aging industrial control systems with more modern "smart" devices.
Stay informed 2012 Financial Reporting Survey
This publication helps energy companies benchmark selected accounting policies with industry practices, identifies trends for significant accounting estimates, and facilitates the discussion on certain aspects of energy industry practice.