Oil and gas

Oil and gas prices have fluctuated wildly over the last year. Despite the price cycles, energy companies know that they have to focus on the medium to long term situation when it comes to achieving growth and making sound decisions. Investments in R&D, people and technology are crucial to maintaining a long term competitive edge. While making these important investments, companies also have to focus on controlling costs, improving controls and managing risks.

Oil and gas challenges

Recent postings

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 - Delivering value with industry-focus
Uncertainty is running high at the start of the new decade. How will the energy supply and stability be impacted given changes in key energy producing locations? Companies have new standards to follow and tighter regulations are under discussion. Strategy and long range planning are even more important in today’s uncertain environment. Oil and gas companies must control costs. They will continue to weigh the risks versus benefits of new projects, new products and how much capital to invest. Behind such decisions, there are regulatory, safety and environmental considerations. Balancing the need to supply the world with hydrocarbons, companies are considering investments in alternative energy sources. Technology is driving breakthroughs in both hydrocarbons and new energy sources. Unconventional hydrocarbons, such as shale oil and gas, bitumen and coalbed methane are expanding the supply of oil and gas.
Nice work if you can get it! Developments in the Turkish petroleum market
The pick-up in oil prices, the offshore disaster in the Gulf of Mexico, a shifting focus from downstream to upstream and elaborate discussions on shale reserves have been the global headlines in 2010... But the issues topping the agenda in the Turkish petroleum market were very different.
The Africa oil & gas survey 2010
This survey focuses on Africa and how companies are dealing with and adapting to the new economic landscape and the improving view of Africa as an area of exploration and development.
Responding to climate change: Challenges and solutions on the road ahead
This publication shows how PwC can assist in the areas of strategy, risk, regulation and reporting to optimise operations and deliver leading practice. Our goal is to help companies deliver on their climate change ambitions in a way that brings maximum value and competitive advantage.
Managing credit risk for global commodity producers
This paper describes the credit risk issues faced by global commodity producers and highlights examples of best practice in the areas of the assessment and management of credit risk.
Managing your capital project: Capital project capability statement
The scale of projects in the energy, utility and mining sectors present immense challenges at the best of times. In a world of economic instability, with uncertain demand and plummeting commodity prices, these challenges are magnified. From project appraisal all the way through to completion and operation, a solid project management strategy will optimise your capital project delivery, ensuring survival in the downturn, and emerging stronger and better positioned.