Energy and Natural Resources
- Meeting the Demands of a Dynamic Market
At KPMG’s annual Global Energy Conference in Houston, a number of key challenges were identified within this industry. These include energy security, future oil and gas supplies, reserve replacement, production growth, price volatility and an increasing focus on the need for greater trust.
In response to these challenges, we are finding:
- Significant capital investment – this has played a vital role in driving the costs of finding and developing oil and gas and in opening up new exploration provinces;
- Increased investment in countries with the greatest oil reserves – for example the world’s oil major’s current interest in Russia, which is on track to regain its position as the number one oil producer;
- Increasing focus on internal controls - including more transparent reporting -to comply with Sarbanes Oxley; a push for companies to work towards better corporate governance, and pressure for greater corporate social responsibility and improved communications with the capital market.
- At KPMG, we help companies in the oil and gas sector through – improving internal controls, global due diligence and assurance, and through adding value to capital utilisation and management of issues, that put long term viability at risk.
Surviving and thriving in changing times
Power and Utilities companies are reinventing themselves in the face of immense changes in their business environment. The winners are agile and have a clear view of their core competencies and their customer needs.
Our Power and Utilities group helps clients to achieve their full potential by providing multi-disciplinary services focused on their specific needs:
- Comprehensive business risk assessment together with financial and commodity risk management advice;
- Effective transaction strategy and management advice addressing the issues of privatisation and deregulation, mergers, acquisition and divestitures;
- Advice over the increasing need to manage and report the environmental and social performance of business;
- Strategy, business planning and finance options to the Renewable Energy sector;
- Advice on projects eligible for tax incentives.
- Our commitment is to assist you in growing your business by helping you manage critical challenges and take advantage of industry opportunities.
- For further information about our services, or if you would like one of our professionals to contact you, please contact us.
© 2010 Akis Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik AŞ, the Turkish member firm of KPMG International, a Swiss cooperative. All rights reserved.
