Ernst & Young Company News

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EY Predicts What's to Come in Oil and Gas in 2019
Leaders from EY share their thoughts on the industry's future regarding capital strategy and big oil companies.
7:00 PM EST | January 01, 2019
Despite Cuts in CAPEX & Revenue, Silver Linings Exist for US Oil, Gas
A new EY study reveals opportunities still exist for US oil and gas, despite a year of declines.
8:00 PM EST | August 01, 2017
Report: Shale Gas Explorers Could Pump $55B into Britain
The development of shale gas in Britain is expected to create more than 64,000 jobs and give local businesses a $55.37B capital injection.
8:00 PM EST | April 23, 2014
Report: UK Oil, Gas Supply Chain Worth $59B
A report from Oil & Gas UK and Ernst & Young finds that the UK oil and gas supply chain is worth $59 billion annually.
8:00 PM EST | April 22, 2014
Private Equity to Play Greater Role in Oil, Gas Investment
The oil and gas industry's growing capital investment requirements are the dominant driver in private equity investment activity, according to an EY survey.
7:00 PM EST | December 05, 2013
Optimism Declines on Global Economic Outlook
Optimism among O&G execs surveyed in Ernst & Young's Confidence Barometer has fallen, but is less pessimistic compared to other industries surveyed.
7:00 PM EST | November 07, 2012
Declining Optimism Stifles M&A Activity
Declining optimism over the global economic outlook and corporate earnings expectations has weakened O&G companies' appetite for M&As as they shift their focus towards bottom line improvements and near-term organic growth.
7:00 PM EST | November 07, 2012
E&Y Study: O&G Companies Focus on Drillbit Growth in 2011
Exploration and development spending grew by 38% in 2011 as O&G producers shift their focus away from acquiring properties to exploring and developing their existing asset holdings, E&Y reported.
8:00 PM EST | June 18, 2012
Despite Optimism, O&G Execs Cautious on M&A Activity
Despite increased economic optimism, higher oil prices and more a favorable deal environment, O&G executives remain cautious on engaging in M&A, according to Ernst & Young's survey.
8:00 PM EST | May 10, 2012
E&Y: 2011 Transaction Activity Rises, But Deal Value Declines
The number of global O&G transactions rose by more than 5% from 2010, but the average deal value was down by 7% due to the absence of mega-deals, according to a recent report by Ernst & Young.
7:00 PM EST | January 23, 2012
Oil Demand to Increase; Supply Less Certain -Study
Oil demand and prices should continue to rise in the 3Q11 according to indicators, even with ongoing uncertainty with respect to the economic recovery, deficit reduction initiatives in the US and the debt crisis in Europe.
8:00 PM EST | August 03, 2011
O&G Industry Not Immune to Economic Struggles - Study
Ernst & Young's US E&P benchmark study found that the oil and gas industry was not immune to the global economic struggles of 2009.
8:00 PM EST | June 07, 2010
Ernst & Young: Energy Services Merger Activity Only Tip of the Iceberg
The oil and gas industry is adapting quickly to the changing global environment, but Canadian companies are still approaching new opportunities with caution, according to a new Ernst & Young report.
7:00 PM EST | December 02, 2009
Ernst & Young: O&G Industry Should Look Forward to Strong Growth, Demand
Despite near-term softening in demand, the long-term picture is unchanged: The oil and gas industry faces modestly strong long-term demand growth and a challenging long-term supply picture.
7:00 PM EST | December 14, 2008
Talent Void a Top Five Business Issue for Oil and Gas Executives
"It is clear that the talent void in the oil and gas industry has transformed from an organizational challenge into a critical business issue," said Dina Pyron, a leader in the Human Capital practice within Ernst & Young's Global Oil & Gas Center.
8:00 PM EST | March 11, 2008
Ernst & Young: Leadership is Key
Investment in Leadership is key for the next round of North Sea Mergers & Acquisitions.
8:00 PM EST | September 04, 2003