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The global economy is on the forefront of everyone’s minds, including the energy sector, which has seen commodity prices drop by more than 65% in fewer than six months. Petroleum and natural gas prices hit new highs in July, and began collapsing by the end of that same month. How long the downturn will last remains an uncertainty, but most analysts agree that things will get worse before they begin to improve.
In addition to the economic environment, energy companies are also confronting the issue of carbon exposure and the impact of efforts to regulate greenhouse gas emissions. These important developments are only a part of the complexity of issues and challenges that oil and gas executives contend with regularly. Regulatory changes, workforce shortages, sustainability, supply and demand issues and creating value for stakeholders also contribute to the demands of the energy industry today.
At PricewaterhouseCoopers, our goal is to put ourselves in our energy clients’ shoes, able to understand their needs and add value from our knowledge and experience. To accomplish this goal, we maintain a robust training program, designed to enrich not only our technical skills, but also to keep us abreast of the industry issues that our clients face. We examine the issues, and build teams of subject matter specialists who develop appropriate solutions through our assurance, tax and advisory services. For global clients, we put together experienced teams from around the world who contribute a local understanding in addition to global experience. At PricewaterhouseCoopers, we not only examine the industry issues to understand your concerns, but we are also committed to constantly evaluating and enhancing our well-developed services to better meet your needs.
PwC is the world’s leading advisor to the energy industry, working with exploration, production, downstream and service companies to provide business solutions tailored to the energy sector. Our strength in serving this truly global business comes from our skills, our experience and our team of industry specialists. For more than 100 years, we have helped energy companies succeed. We look forward to the opportunity to work with your company.