Sarah
McNaught
UK Head, Oil & Gas
Tel: 020 7694 3368 Email
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Oil & Gas
Meeting
the Demands of a Dynamic Market At
KPMG’s annual Global Energy Conference in Houston, a number
of key challenges were identified within the Oil and Gas 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.
For
further information about our services,
or if you would like one of our professionals
to contact you, please .
At
KPMG’s annual Global Energy Conference in Houston, a number
of key challenges were identified within the Oil and Gas 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.
.