Unpredictability is the only certainty in the world of crude prices. But oil industry observers believe crude prices are more likely to rise than fall over the coming months.
With recent reports of several new development plans on the horizon for Norway, the Norwegian energy industry is anticipating a promising three to four years of activity ahead. Wider areas of Norway are now being explored, including the West Barents Sea, and discoveries such as Johan Sverdrup and the extension of the Norne field by the Cape Vulture discovery, along with the Johan Castberg, will require new thinking and, in turn, attract new companies to enter the market.
Martin Findlay, Partner, KPMG LLP (UK), looks at the latest developments around Brexit from an oil and gas sector and business readiness perspective.
Energy giant Equinor has announced it will replace audit, tax and advisory firm KPMG with accounting firm EY in 2019.
KPMG has announced eight senior promotions across Scotland in its audit, tax and pensions practices.
The oil and gas sector is well versed on the benefits of investing in emerging and disruptive technologies, but what is the appetite for innovation in Scotland, and how can we ensure that new technologies are utilised fully in our industry and help our industry to thrive?
KPMG UK explains how alternative cost management models can deliver more sustainable budgeting for the Upstream Oil and Gas industry.
Scottish business failures rose during the first three months of 2018, compared to the same quarter last year, new figures show.
An oil and gas expert insists there is investment “for many years to come” in the UK Continental Shelf, despite recent mixed messages about its longevity.
After mergers and acquisitions (M&A) activity fell to its lowest levels in a decade in the first half of 2016, there was a notable pick-up in oilfield services (OFS) deals in 2017. However, with the rationale behind each deal varying, it is difficult to discern a clear single market driver behind these recent transactions.
Oil exploration and production companies could lower unit operating costs (UOC) by another 30% if they deliver just a few changes, KPMG said in a new report.
Wind and solar company Mainstream Renewable Power has begun the selection process to bring a majority equity partner on board the Neart na Gaoithe (NnG) wind farm.
KPMG has said that ground-breaking new oil and gas tax rules would create a "level playing field" for North Sea investors.
A north-east Conservative said the Scottish Government’s fracking ban means the country missing out on “what should have been the gold rush of this century” after it was backed by Holyrood.
ABB announced today that its Board intends to appoint KPMG as its external auditor effective for the financial year 2018. This decision was taken following a year-long comprehensive external auditor tender process initiated in 2016 in line with international good governance practices.
There have been fewer insolvencies of oil and gas companies than expected over the past three years, a restructuring specialist has said.
An Aberdeen businessman who was recently made bankrupt said yesterday he is complying fully after administrators commenced legal action to recover a director’s loan from him.
A collapsed company specialising in breathing systems for oil and gas workers has been rescued out of administration.
There is currently a “massive appetite” for UK North Sea infrastructure among potential investors, an oil and gas expert said yesterday.
Oil and gas industry woes are not reflected in the latest figures for business failures across Scotland, KPMG said yesterday.
Aberdeen dealmakers are expecting an upturn in mergers and acquisitions amongst North Sea companies as they emerge from “survival mode” and look for new opportunities.
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.
With oil prices continuing to hover below $50 a barrel, the release today of Oil & Gas UK’s 2016 Economic Report, has served to remind us of the significant challenges currently facing the UK North Sea.
An Aberdeen oil and gas engineering firm has gone into administration with the immediate loss of 21 jobs.
A company backed by Aberdeen’s Simmons Private Equity has snapped up a firm led by well-known business man, Melfort Campbell, from administrators.