The oil and gas sector is faced with intense pressure on cash flow due to low returns on capital.
Historically, the world’s biggest oil producers closely guarded their role as operator of their own fields — convinced they alone could deliver the engineering necessary to extract their oil on time and on budget. Increasingly, however, over recent decades those producers have been ceding that role — opting in many cases to manage their assets at arm’s length, and allowing the world’s increasingly sophisticated oilfield services companies to deliver cost-efficient production and, crucially, the oil-field innovation that Big Oil has long assumed it alone could deliver. The speed and manner in which this has occurred varies somewhat by geographic market.
The commodities industry is adjusting to a ‘new normal’: plentiful supply and sluggish demand. Consequently, over the last 18 months, a range of commodity prices has plunged, few more so than oil, which has fallen towards lows not seen since the 2008 global financial crisis.
The third edition of the Rising Sun is inspired by the clear trend of renewable energy emerging as a mainstream energy source globally within the next decade.
Companies in the energy and natural resources (ENR) sector face an increasingly complex operating environment around the world, not least in the field of compliance – and especially in the area of anti-bribery and corruption (ABC).
The publication is targeted towards companies looking to enter or diversify into the LNG regasification business in ASEAN, and it will help investors understand the range of considerations that need to be accounted for in order to confidently reach FID on a new LNG import terminal that is commercially viable and able to attract funding.
Observations and suggestions in closing out contract for large energy and natural resources projects.
In 2012 KPMG presented a paper entitled Taking the Complexity out of Managing the Expense Line which highlighted the challenge of ensuring that general and administration costs (effectively labour costs, plus some other activity related costs), get burdened accurately and transparently to the right places.
KPMG’s Global Energy Institute was invited to participate in the Commodity Market Risk Forum held at the Ritz-Carlton hotel in Singapore in June 2014.
Even as the price of oil remains relatively low, the energy and natural resources industry still finds itself facing a grave talent crisis.
This webcast is designed to provide updates on the latest tax developments affecting companies in the oil and gas industry.
This report can help energy and natural resources companies understand the substantial benefits and challenges involved in these complex operations.
To ensure that new LNG projects are viable, proponents and operators have to unlock their supply chain.
Post-budget sectoral point of view for Energy and Natural Resources.
In recent years, the petrochemical industry has experienced a technological renaissance, shaking up global supply dynamics.
In Asia Pacific, the prevalence of subsidies and wide-spread local regulations, coupled with the uncertain energy commodity prices have led ENR companies to increasingly appreciate the importance of transforming the procurement function.
Mina Sekiguchi and Shuji Miyasaka, KPMG in Japan, discuss the current state of Japan's energy reform with Nobuo Tanaka, former Director General of the International Energy Agency
Faced with complex challenges, this report provides an insight into Japan’s evolving energy policy.
Now that the IASB and FASB have published a new joint standard on revenue recognition, the real work for power and utilities companies is just beginning.
The Infrastructure In-depth: Philippines report provides an overview of the Philippine infrastructure industry for companies and businessmen who are interested to invest in this sector.
Energy and natural resources (ENR) companies are challenged by an ever-growing array of threats and opportunities, including entering more remote regions, often in fragile countries, where the state is weak and the environment under threat, labor relations are fraught with tension, and public opinion is often hostile to ENR companies.
Focus on Canada, United States, East Africa and Australia
The 2014 Energy Survey is a snapshot of key findings of issues impacting the energy industry.
This report provides an overview of the current Asian nuclear power market, noting growing demands for nuclear power in the region.
The Asia Pacific energy market has taken the spotlight in recent years, with a number of heavyweights staking out their share of the Asian market by shifting operations to Asia.
The Energy and Natural Resources sector has become an enticing and relatively easy target for cyber attacks. Companies now not only face cyber attacks from hacking groups, script kiddies and hactivists, they are also threatened by state-sponsored agencies with limitless resources.
In this report, KPMG has analyzed how solar power can contribute to addressing the energy challenges facing the nation today.