Energy service companies

Energy Services companies face a very competitive landscape in providing services to the oil and gas industry. Their focus is providing the best products and services to ensure customers satisfaction, stakeholder confidence and increase in profits.  PwC has a dedicated team of professionals specializing accounting, income tax, financing, strategic planning, restructuring, business improvement, and addressing other industry thought leadership. We are selected by energy services companies because of our industry knowledge, commitment to quality and excellence and our Global Energy Network. 

Using the right mix of industry specialists and functional experts in each line of service, we build long-lasting relationships with our clients by offering insight and services that help you meet strategic, financial and operational goals and objectives.

Our core services for the Energy Services sector:

Transaction assistance

PwC professionals are trained to assist you through the financial and tax due diligence process. We assist in interpreting historical operating results and net working capital/debt position and exposures of the company being evaluated. Our team will help post deal with closing adjustments, purchase price allocations, or other financial reporting needs. Our professionals work closely with your in-house team and your legal and technical advisors throughout the process to identify issues relevant to you on a timely basis. 

International expansion

As part of a global network, PwC has an international team at its fingertips. This guarantees compliance with regulations, controls and accounting policies throughout the world. We have assisted local-based companies interested in expanding globally with guidance on structuring and capitalizing their foreign investments and repatriating capital and profits. Our team will support you in gaining access to capital in other markets such as the AIM/LSE.

 

SR&ED

Canada offers tax credits under the Scientific Research and Experimental Development (SR&ED) investment tax credit program. For certain Canadiancontrolled private corporations, or for corporations undertaking SR&ED activities in Alberta, the credit is refundable even if tax isn’t owed. At PwC, we can help optimize your SR&ED claim while minimizing administrative burden.

 

Value-add tax advice

In addition to the traditional tax compliance and planning services, PwC can help identify optimization opportunities to enhance shareholder value through effective global tax strategies. We can advise on: appropriate business and financial structures for foreign operations; acquisition and financing of operations and investments abroad; repatriation of funds and taxation of foreign-source income; and the impact of tax treaties, foreign tax holidays and exchange controls. For start-up operations in Canada, PwC can optimize foreign and Canadian taxes, develop strategies to repatriate Canadian earnings and comply with Canadian tax filings. For those expanding abroad, we work closely with member firms worldwide to provide seamless global tax service to foreign-based multinationals. We help international companies optimize Canadian and foreign taxes, develop tax efficient strategies to repatriate cash to Canada, and comply with Canadian and foreign tax filings to better

Operational effectiveness

We help energy companies transform their organizations. This approach aims to go beyond mere standardization and cost reduction, and move toward increasing innovation, value creation and business differentiation. By helping companies with challenges such as rationalizing their asset portfolio, improving reliability and safety across the organization, creating real time operations with integrated systems and data management and proper controls, we can assist you in building a highly effective organization.

Advisory services

We provide a wide variety of integrated services to both audit and non-audit clients, tailored to accommodate each client’s unique circumstances and needs. Our team of highly experienced accounting professionals, subject matter specialists and local resources across Canada are ready to help you address:

  • Accounting Standard Adoption;
  • GAAP / IFRS Interpretation and Conversions;
  • IPOs and Capital Market Transactions;
  • Complex Mergers and Acquisitions;
  • Regulatory Issues and Restatements; and
  • Training Services / Expert Secondments

 


Additional services

Capital Markets and Accounting Advisory Services

Complex Mergers and Acquisitions

  • Carve-out financial statements
  • Pro-forma financial information
  • Accounting function integration

IPOs and Capital Market Transactions

  • Readiness assessments for public reporting
  • Advice on regulatory and exchange requirements
  • Assistance with financial statements, prospectus and other documents
  • Assistance with due diligence process
  • Advice on alternatives
  • Assistance with offering documents

Regulatory Issues and Restatements

  • Assistance with offering documents
  • Support in responding to regulatory comments and requests
  • Advice on alternatives

GAAP / IFRS Interpretation and Conversions

  • Diagnostic summary of key impacts on transition
  • Evaluation and development of accounting policies
  • Training development
  • Support in analyzing and documenting technical accounting issues

Accounting Standard Adoption

  • Adoption of new standards under IFRS, U.S. GAAP and Canadian GAAP for Private Enterprises
  • Diagnostic summary of key impacts on adoption
  • Evaluation and development of accounting policies
  • Training development and implementation
  • Support in analyzing and documenting technical accounting issues

Other Services and Products

  • On-site assistance / expert secondment
  • Quantitative analysis and model development
  • Tax Accounting Services
  • Comperio
  • Automated Disclosure Checklists
  • PwC IFRS Manual of Accounting

Financial reporting

  • Interpretation and adoption of IFRS and GAAP standards and reporting requirements
  • Corporate reporting
  • Analysis and documentation of technical accounting issues
  • Support in responding to regulatory comments and requests
  • Advice on accounting alternatives

Optimizing income statement & balance sheet positions

Regulatory advisory services

  • Assistance with regulatory files
  • Preparation for regulatory hearings
  • Expert witness services

Risk assurance

Internal audit effectiveness

  • Outsourcing and co-sourcing
  • Function transformation
  • Effectiveness and quality assessments

Optimizing controls

  • Enterprise resource planning (ERP) controls
  • Business controls advisory – planning, design and assessment

Managing risk in IT

  • Data assurance and analytics
  • IT risk assurance
  • Cybersecurity and privacy
  • Project assurance

Performance assurance

  • End-to-end performance assurance solutions
  • Third party risk management
  • Third-party assurance including trust service attestations (SysTrust) for processes and systems
  • Business process assurance and controls optimization

Capital project risk assurance

  • Capital project governance and controls optimization
  • Project audit (pre-construction readiness, construction and hand over to operations)
  • Commercial and contract assurance (cost management, recovery and contract management optimization)

Business resilience

  • Regulatory compliance
  • Business continuity management

Sustainability and climate change

  • Strategy and implementation
  • Reporting and assurance
  • Severe weather and climate adaptation
  • Health, safety and environment management systems
  • Governance management

Audit & other services

Mergers and acquisitions and corporate finance

  • Lead advisory services from transaction inception to close (buy and sell side)
  • Market entry strategy

Debt and capital advisory

  • Financing solutions for borrowers and shareholders

Valuation, modelling and disputes

  • Strategic value consulting (using analytics to quantify the associated tangible and intangible value impacts)
  • Fairness opinions
  • Disputes including litigation support
  • Business modelling

Transactions

  • Perform buy side or sell side financial, tax and operational due diligence

Infrastructure & project finance

  • Financial advisory services (private sector and public sector side)
  • Business case and feasibility analysis

Forensics

  • Investigate, analyze and remediate potential or actual crises including financial, regulatory and legal implications

Delivering deal value

  • Merger integration and divestiture/carve-out support
  • Operational, IT, and HR diligence
  • Synergy identification and management

Corporate tax and advisory

  • Corporate tax returns, tax obligations and compliance advisory
  • Capital tax planning, provincial and national tax strategy

International tax

  • Selection of appropriate business and financial structures for foreign operations
  • Acquisition and financing of operations and investments abroad
  • Repatriation of funds and the taxation of foreign-source income
  • Impact of tax treaties, foreign tax holidays and exchange controls

Transfer pricing

  • Planning, assessment, compliance and dispute resolution

Indirect tax

  • Jurisdictional obligations for GST, value-added tax, severance, property, employment and custom duties

Human resource services

  • Global mobility program assistance, including payroll, compensation and benefits
  • International tax structures and policies

PwC Law LLP

  • Canadian and global tax and legal services to support immigration programs (including governance strategy and training)

Scientific research and experimental development (SR&ED) credit

  • Assessment of R&D eligibility and grant applications and submissions

Tax mergers and acquisitions

  • Assess and manage acquisition and merger risk
  • Optimal tax deal structuring
  • Pre-acquisition and pre-sale due diligence
  • Post-deal tax solutions

Tax reporting and strategy

  • Tax operations management
  • Tax strategy assessments
  • Improve data management
  • Technology updates

Technology

  • Technology advisory (including IT strategy, governance, processes, systems selection and optimization)

Cybersecurity & privacy

  • Cyber threat intelligence and risk assessment
  • Security and resilience strategy development
  • Crisis management, incident response and containment
  • Forensics and investigation

Mobility

  • Strategy development, business consulting and benefits realization
  • Platform selection and architecture design
  • Systems integration and implementation advice
  • Data extraction and analytics on workforce productivity

Enterprise applications (Oracle, Microsoft, Salesforce, SAP and Workforce)

  • Custom Application design, development, testing and deployment
  • Enterprise Application Integration
  • Enterprise Resource Planning
  • Customer Relationship Management
  • Supply Chain Management
  • Product Lifecycle Management (including product design and launch)

Delivering deal value

  • Merger integration and divestiture/carve-out support
  • Operational, IT and HR diligence
  • Synergy identification and management

Finance effectiveness

  • Finance operations
  • Enterprise performance management
  • Sustainable cost reduction

Operations excellence

  • Operations strategy and transformation
  • Procurement and sourcing
  • Lean operations and change management programs

Capital project & asset management

  • Capabilities transformation and execution (including project management, controls, procurement, turnover and commissioning)
  • Asset lifecycle management
  • Enterprise asset management (including strategy, assessment and technology implementation)

Procurement and supply chain

  • Production and supply chain execution
  • Supply chain planning and optimization
  • Outsourcing advisory

Workforce transformation

  • Strategy development and assessment
  • Business and technology transformation
  • Organizational design
  • Change leadership and communication
  • Talent management
  • Workforce performance measurement

Risk consulting

  • Assessment and implementation of asset risk management frameworks
  • Corporate governance and risk compliance
  • Financial risk management including market credit and insurance risk
  • Regulatory advisory
  • Risk function and operating model advisory services

Digital innovation and transformation

  • Strategy, development, implementation and change management


Energy Events

  • Energy Services forum (Calgary)
  • Energy Services forum (Edmonton)
  • Energy Visions Business Forum (Calgary)
  • Energy Visions Business Forum (Edmonton)
  • Junior Oil and Gas CFO Forum
     

Contact us

Khurram Asghar
Partner, Assurance
Tel: +1 403 509 7501
Email

Reynold Tetzlaff
Calgary Managing Partner and National Energy Leader
Tel: +1 403 509 7520
Email

Jamie Clark
Partner
Tel: +1 403 509 6370
Email

Ryan McKay
Partner
Tel: +1 403 509 6668
Email

Josh Matthews
Managing Director, Corporate Finance
Tel: +1 403 509 6675
Email

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