Gas and electricity supplier Yu Group has appointed PwC and DLA Piper to examine its books after the firm uncovered accounting irregularities.
A rise in drone usage in the oil and gas industry and in Scotland’s farming industry could help to deliver a £42 billion boost to the UK economy by 2013, a new report has forecast.
New figures from PwC reinforce other recent data highlighting the woes of hotels in Aberdeen during 2017.
Bad weather over the first quarter is likely to have knocked economic growth to its lowest level in a year, according to PwC.
A professional services firm’s virtual reality (VR) “experience” that was piloted in Scotland’s oil and gas sector, among other industries, is to be rolled out to clients across the UK.Showcased as part of PwC’s Oil and Gas Technology Roadshow late last year, the technology is being used to highlight potential “disruptors” and give companies a better idea of workplace organisational planning.
PwC’s UK energy leader has high hopes for the next wave of technology as it breaks on the North Sea offshore sector.
In a newly released video from PWC, Drew Stevenson, Adrian Del Maestro and Neil Leppard discussed the recent M&A environment and trends and alluded to a potential upsurge in fortunes for the oil and gas market.
Brexit uncertainty is having a negative impact on economic growth and the housing market, according to a new report.
The UK economy is on course for an even deeper slowdown as consumer spending and business investment take a hit from uncertainty surrounding the Brexit negotiations, new research has found.
Could robots do a better job of forecasting the direction of the economy?
The global chairman of PwC has warned that uncertainty around Thursday’s election is weighing on the minds of businesses which are preparing for the unexpected after Brexit and the US presidential vote.
Green shoots of recovery are springing in the oil and gas industry, according to Scottish Conservative energy spokesman Alexander Burnett.
The Scottish Government has urged Westminster ministers to take “urgent” action to boost the oil and gas industry in the wake of a troubling report into the future of the North Sea.
The head of Oil and Gas UK (OGUK) said today that North Sea industry is more competitive than it was two years ago, at the start of the crude price collapse.
The SNP have called on the UK Government to take urgent measures to help protect the North Sea oil and gas industry in the forthcoming Autumn Statement.
A new report on the oil and gas industry has said the worst is “perhaps” over as it highlights ways large companies in the sector can take advantage of “green shoots of recovery”.
A north-east oil chief has revealed how his business was allegedly ruined by the “dash for cash” scandal at the Royal Bank of Scotland (RBS) which emerged this week.
Oil and gas majors must compromise to deliver an upturn in the sector’s fortunes, an industry analyst said yesterday. Stephen Halliday, group president of consultancy group Wood Mackenzie, said the energy industry was competitive by nature and that for serious progress to be made, the sector’s leadership had to get in a room together and collaborate. It comes days after PwC published a report saying the industry needed a “change in guard at the top” to disrupt its “we’ve always done it this way” mentality.
PwC today echoed Oil and Gas UK's call for sweeping tax changes for the industry.
Worldwide M&A activity in the power and renewable sector almost doubled last year, according to a new report. PwC’s annual findings show momentum is expected to continue throughout 2016.
An ailing oil and gas industry has forced experts to lower their expectations for economic growth across the whole of Scotland during 2015. Brian Ashcroft, emeritus professor of economics at Strathclyde University said yesterday the downturn offshore was stifling onshore service businesses throughout the country. He was speaking after the university’s Fraser of Allander Institute – an economic think-tank – delivered its latest commentary on the state of Scotland’s finances.
UK Oil & Gas firms can access a £20bn cash reservoir by tightening up working capital according to financial services giant PwC.
Almost 10% of companies in the UK are unaware they have been victim to cyber security attacks with incidents now costing an average of £1.7million, according to a new report. The annual survey, which involved more than 10,000 executive from more than 127 countries, showed an escalation in the frequency, severity and impact of cyber-attacks. Insiders - either current or former employers - top the list as a major source of incidents. But it was also found firms are becoming more adept at prevention and detection methods with innovation also on the rise.
Investors are still keen to invest in the North oil and gas industry, if the right deal is available, according to a senior industry expert.
The multi-billionaire founder of Microsoft has launched legal action against oil giant Petrobras as well as the Brazilian arm of big four accountancy, PWC.