Ernst & Young Global Oil & Gas Center - Ernst & Young - Global

With the recent downstream divestments announced by some super-majors, it’s become clear that the need to raise capital -- to fund increasing upstream investments -- is affecting portfolio management decision-making. Learn more about today’s high levels of divestment activity and key issues associated with selling a downstream asset.

This publication illustrates common financial statements in accordance with the International Financial Reporting Standards (IFRS) specific to the oil and gas industry for the year ended 31 December 2010. While the statements herein are of fictitious companies, they will serve as a valuable resource guide when preparing your own IFRS statements (pdf, 957.7kb) .

Is the slowdown in deal activity any indication of the future? As last year demonstrated, it’s all in the way you view it. While oil and gas transactions appear healthy in upstream, in the downstream world, over-capacity in some regions is likely to drive uncertainty and transactional challenges. Let’s examine the key drivers (pdf, 770.1kb).

In the November 2009 CAI issue (pdf, 677.9kb) , our guest columnist, Jonathan Johns, summarises his expectations for the Copenhagen Climate Change. Whilst the outcomes of the summit are currently difficult to predict, it is likely the discussions will, in the medium term at least, have a significant bearing on these indices. In the meantime, however, there have been some noticeable additions and changes.

How can you manage your company through the recession and position yourself for growth? After interviewing thousands of oil and gas executives, we identified some overarching themes. From demonstrating operational flexibility to managing risks, we reveal the lessons that could mean the difference between surviving and thriving in the new economic environment.

What’s in store for retail marketing in Western Europe? We believe further divestments in the future are likely as oil companies continue to rebalance their portfolios to drive economies of scale. Discover where acquisition and divestment opportunities are lurking and see which drivers are propelling this industry. (pdf, 219.5kb) 

In our quarterly reports, “NOC Monitor” offers insight into the changing economic and political landscape around the world, examining activity in partnerships, M & A, consolidations, and government policy developments between IOCs and NOCs. Tap into our insightful publications.