This tax newsletter highlights key issues concerning oil & gas sector in Europe, Middle East and Africa region.
EU legislation has a very significant impact on the Power and Utilities (P&U) sector.
As partner of the Choiseul Institute, the independent research center for international politics and geoeconomics based in Paris, KPMG has published the 4th edition of the “Choiseul Energy Index”, a barometer assessing the competitiveness and performance of public energy policies in 146 countries around the world.
The energy supply in the Netherlands requires annual investments of as much as approx. 2 billion Euros. More decisive collaboration between the authorities, grid operators, utilities and new market parties could prevent more billion-Euros investments being needed in the current energy network.
In the midst of the Energy Transition, the German energy and natural resources industry still finds itself facing a grave talent crisis. A wave of retirements, combined with a shortage of suitable replacement candidates, has left many companies scrambling to fill the skills gap. What is the impact of the German energy transition on companies of the industry and how do companies deal with the topic human capital to be well prepared for the upcoming new energy world?
Power continues to be a focal point in SSA as demand for energy continues to grow and governments allocate material funds in order to drive Power Sector projects forward. As a result private sector interest tends to follow. The continuing focus and interest in the Power Sector leads to a need for thought leadership documents such as this, which allows decision makers, investors, existing and potential clients to gain insight into SSA’s Power Sector.
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 re-opening of the Iranian market presents much opportunity.
The present document “Innovative Interconnections. Digitalization: energy, quo vadis? is a supplement to the Global Energy Institute EMA`s broader study “Energy – Quo Vadis?'2035 Plus: Scenarios for the Energy Industry of Tomorrow, published in 2015.
This management book builds on the “Quo Vadis” study and shows how to implement a strategic foresight process by applying a toolkit of scenarios, wild cards, trends, uncertainties and more. The range of options is extensive, and is designed to facilitate intensive analysis and use of the challenges and opportunities that lie ahead.
There are signs of optimism – among E&P companies, investors, financial institutions and equity analysts – around the current oil price and the timing of a future oil price recovery; a view is that the bottom has been tested, and that oil prices will recover steadily.
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).
A 2015 KPMG report that provides updates on renewable energy promotion policies for over 31 countries.
In the future, the share of power generation from distributed energy sources is expected to experience continued growth worldwide.
Across the globe, liquefied natural gas (LNG) and floating LNG (FLNG) opportunities are rapidly emerging as fast, cost-effective means of unlocking new gas resources.
New forms of energy, complex regulations, growing investment needs – the energy sector is facing a huge global challenge. The good news: this situation provides unique historical opportunities - and here is where strategic creativity opens up unforeseen possibilities to positively shape a sustainable future for the entire industry.
A Conservative majority Government, together with the appointment of Amber Rudd as Secretary of State for Energy and Climate Change, is likely to result in a good deal of continuity, rather than radical change, in British energy policy.
Even as the price of oil remains relatively low, the energy and natural resources industry still finds itself facing a grave talent crisis. A wave of retirements, combined with a shortage of suitable replacement candidates, has left many companies scrambling to fill the skills gap. As the problem escalates to the C-suite, the time has come for new thinking.
Even as the price of oil remains relatively low, the energy and natural resources industry still finds itself facing a grave talent crisis. A wave of retirements, combined with a shortage of suitable replacement candidates, has left many companies scrambling to fill the skills gap.
The oil price has been subject to such volatility before even during a ‘stable period’ from 1986-2004.
KPMG International conducted a study to investigate the growth strategies and growing-pains of NOCs.
Whilst many think that the long term future of the UKCS remains positive, changing market dynamics present immediate challenges for oilfield services companies.
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.
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.
Many companies in the Exploration & Production (E&P) industry have in recent years experienced friction with shareholders for repeatedly coming up short on their promises to the market.
The national oil companies of the GCC and Iraq are shifting gears and are turning their attention eastwards, where the bulk of their exports will be headed for years to come.
Germany's offshore wind industry and its related legal framework have reached a certain level of maturity, yet many contract issues remain unresolved in project practice.
Welcome to our first edition of Focus on Oil & Gas, our new magazine for the industry.
This Focus on Oil & Gas edition is aimed to provide easy access to trends and insights within this dynamic energy sector in Africa.
An EU Directive came into force recently and impacts on all EU listed and large private companies operating (directly or through controlled undertaking) in the extraction of minerals or oil and gas or logging of primary forests.