Oil and Gas

Oil and gas prices were at record highs in mid-2008, only to experience a rapid decline as the global economy fell into recession. Experts agree that the demand for hydrocarbons will increase as the global economy improves, particularly in emerging markets, such as China and India. Oil and gas companies cannot focus on the short-term alone. The search for additional supply is essential to controlling the up and down industry cycle. Replacement reserves are located in more challenging locations, including deeper offshore waters and more remote onshore locations. In some cases, governments are restricting access to reserves. Energy companies are also diversifying their product mix, as non-traditional fuel sources become more price competitive, and alternative fuels are gaining interest. New investment in LNG, oil sands, oil shale, ethanol and other sources and products are showing rapid growth.

Globalisation and the need for a secure, affordable energy supply go hand-in-hand. Economic development is dependent on sufficient sources of energy – oil, gas, electricity, coal, and others. The availability and security of these resources are on the minds of many, from consumers, to political leaders to company executives. We help companies confront the industry's most challenging changes and issues, including:

• Addressing sustainability

• Complying with regulatory & reporting requirements

• Improving performance & operational effectiveness

• Managing industry regulatory change

• Industry transactions & consolidation

• Managing financial risk

• Recruiting & retaining a skilled workforce