Big oil in Houston is ditching fancy real estate for juice bars, according to KPMG’s new head of its energy and natural resources practice.
KPMG LLP has named Regina Mayor its new global sector head of energy and natural resources practice, a job she will perform from Houston.
If the era of the mega-LNG project is over, no one has told the Canadians. With the mantra of the LNG industry now one of smaller-scale, flexible, phased projects, the huge integrated ventures on Canada's Pacific coast that will each take tens of billions of dollars to build may look out of touch. … Word of the exceptional results from the first two wells drilled by Woodside and its Kitimat partner Chevron in the Liard has been filtering through in recent months and were confirmed by Flynn, who also pointed to the potential to halve well costs.… KPMG's global head of LNG, Mary Hemmingsen, says that while buyers will behave opportunistically and grab cheaper, short-term LNG when they can, they still appreciate exactly what western Canada offers.
The Network Integrator: A catalyst at the center of innovation
The electric utility industry has undergone significant change in recent years, and is on the cusp of even further transformation. Disruptive forces such as changing customer demands, regulatory evolution, rapid technology advancement, and non-traditional sources of capital are requiring utilities to increasingly adapt to new marketplaces.
KPMG Says Smaller, Strategic Deals Will Drive Energy M&A Activity in 2016
While most executives in the U.S. energy sector believe robust merger and acquisition (M&A) activity will continue into 2016, the sector ranks near the middle of the pack among respondents overall, and several uncertainties remain, according to a report by KPMG LLP.
KPMG: Acquisitions more deliberate in 2016
Merger and acquisition (M&A) activity in 2016 will escalate across all energy sectors -- especially in smaller, more strategic deals, according to KPMG, while some sectors will see an increased likelihood of major mergers, as evidenced by recent activity in petrochemicals and regulated utilities.
Survey: Smaller, More Strategic Deals Driving 2016 Energy M&A Activity
2016 will see an escalation of M&A activity across all energy sectors especially in smaller, more strategic deals, according to KPMG LLP's 2016 M&A Outlook Survey, while some sectors will see an increased likelihood of major mergers, as evidenced by recent activity in petrochemicals and regulated utilities.
Chemical Companies Playing Catch Up
Now is the time for chemical companies to improve business intelligence and operational efficiency with automation technology.
Building Out in Uncertain Times
Ground will still be broken, capital will still be spent in 2016, but upstream woes have persuaded jolted financial markets to be wary of the industry.
Asia’s dramatic, unexpected coal demand drop could be final nail in coffin for U.S. Coal. This article was published at Entelligent.com in Feb 2016 and appears here with the publisher's permission.
The Liard Basin in northeastern B.C. is one of the largest shale gas resources in the world, with enough reserves to fuel Canada’s current needs for 68 years, according to a new study.
The development of North America’s unconventional oil and gas resources has brought new life to the region’s midstream sector. The infrastructure necessary to gather and transport commodities to resurgent downstream and chemicals sectors, new gas-fired power generation, and other new demand requires investment approaching a trillion dollars by some estimates.
Larger-than-life tales of Lone Star triumphs include more production with fewer rigs, a pipeline network large enough to circle the globe 17 times and oil sales to OPEC. That’s how Texas rolls in a downcycle.
With the sector weaving through the downturn’s stormy skies like a nimble fighter jet trying to reacquire a target, it might be time to remember that, before the dawn of the iPhone, midstream wasn’t cool. This article appeared in Sep 2015 edition of Midstrem Business and appears here with the publisher's permission.
Disruptive forces related to changing customer demands, regulatory change, rapid technology advancement and capital sourcing have created significant changes for the U.S. electric utility industry. These disruptions are creating a new industry environment to which utilities will increasingly need to transform and adapt.
Straddling the U.S.-Canadian border, the Bakken Shale unleashes a torrent of light crude oil that slowly makes its way south by rail and pipeline. In the Midcontinent, the flow is joined by output from the Niobrara Shale and other plays, and then by the river of crude produced in the vast Permian Basin.
Following a recent industry wide survey conducted by Rigzone and KPMG, Angie Gildea, Principal with KPMG, and David Lee, Vice President of the Americas with Rigzone, visit The Energy Makers Show to discuss the topic of the great crew change and the associated knowledge transfer problem.
The North American supply advantage has been enabled largely by advancing technologies for shale gas recovery creating surplus supply relative to domestic demand.
After much anticipation Canada could see final approval of the first natural gas export projects on the West Coast this year.
On the verge of an LNG export era brimming with promise, North America enjoys an abundance of ambition, resources and capital to make it happen. The only thing in short supply might be customers.
KPMG LLP has named Regina Mayor, a nine-year veteran of the firm, as the national sector leader for the energy and natural resources practice, effective Sept. 14.
If a recently released survey is any indication of what the near future could hold for the oil and gas industry, tomorrow is looking a bit brighter.
Low oil prices are posing new challenges for Canada’s nascent liquefied natural gas industry.
Low oil prices in the United States are a strong economic stimulant; the massive consumer base has more cash in their pockets, and they spend it.
Midlevel officials could feel bite first as skilled workers prove their value.
This Dallas Business Journal article appears here with permission and discusses recent oil markets and oil price turbulence, as well as includes a short and medium term forecast by KPMG’s Head of Oil & Gas Americas, Regina Mayor.
Officials working to protect the nation from online threats are casting a wide net as they seek to guard against hackers and foreign governments targeting the United States. Lately the focus has shifted to the power lines and oil pipelines that crisscross the country, providing vital energy sources that could be hijacked for nefarious ends. This article was published in the June 2014 issue of The Hill and appears here with permission.
Advanced analytics programs allow utilities to better estimate where and when the next storm will hit and respond quicker.
Shale Gas in the U.S. Has Created a Competitive Advantage for Chemical Manufacturers.
Just as Sisyphus, an ancient king from Greek mythology, was forced to push a boulder up a hill only to watch it roll back down the hill for all eternity, achieving meaningful tax reform can at times feel like a long and fruitless task.
Invariably, when you have an electric utility providing power to customers, there will be cases when power is not available. There are diverse reasons for this - mechanical equipment failure, planned maintenance, operator error or forces of nature can cause power delivery to be interrupted. Irrespective of outage root causes, a certain number of customers are without power for some time. This article was published in the September 2013 issue of Electricity Today magazine and appears here with permission.
This article, which appears in the Oil & Gas Monitor online edition, addresses some of the more interesting and relevant issues impacting the industry broadly.
This article which was published in the May/June 2013 issue of Texas CEO magazine, and appears here with their permission, discusses the unique supply chain and corporate citizenship challenges energy companies are facing as they work in remote shale plays.
This article in American Gas magazine's "Burner Tips" column focuses on procurement best practices for the power and utilities industry. The article was published in the May 2013 issue and appears here with permission of the American Gas Association.
The smart grid transition has major project management and technical hurdles, but addressing the confluence of workforce issues it creates can be even more challenging.