Ernst & Young Company News

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EY Predicts What's to Come in Oil and Gas in 2019
Wednesday, January 02, 2019 Leaders from EY share their thoughts on the industry's future regarding capital strategy and big oil companies.

Despite Cuts in CAPEX & Revenue, Silver Linings Exist for US Oil, Gas
Wednesday, August 02, 2017 A new EY study reveals opportunities still exist for US oil and gas, despite a year of declines.

Report: Shale Gas Explorers Could Pump $55B into Britain
Thursday, April 24, 2014 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.

Report: UK Oil, Gas Supply Chain Worth $59B
Wednesday, April 23, 2014 A report from Oil & Gas UK and Ernst & Young finds that the UK oil and gas supply chain is worth $59 billion annually.

Private Equity to Play Greater Role in Oil, Gas Investment
Friday, December 06, 2013 The oil and gas industry's growing capital investment requirements are the dominant driver in private equity investment activity, according to an EY survey.

Optimism Declines on Global Economic Outlook
Thursday, November 08, 2012 Optimism among O&G execs surveyed in Ernst & Young's Confidence Barometer has fallen, but is less pessimistic compared to other industries surveyed.

Declining Optimism Stifles M&A Activity
Thursday, November 08, 2012 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.

E&Y Study: O&G Companies Focus on Drillbit Growth in 2011
Tuesday, June 19, 2012 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.

Despite Optimism, O&G Execs Cautious on M&A Activity
Friday, May 11, 2012 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.

E&Y: 2011 Transaction Activity Rises, But Deal Value Declines
Tuesday, January 24, 2012 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.

Oil Demand to Increase; Supply Less Certain -Study
Thursday, August 04, 2011 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.

O&G Industry Not Immune to Economic Struggles - Study
Tuesday, June 08, 2010 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.

Ernst & Young: Energy Services Merger Activity Only Tip of the Iceberg
Thursday, December 03, 2009 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.

Ernst & Young: O&G Industry Should Look Forward to Strong Growth, Demand
Monday, December 15, 2008 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.

Talent Void a Top Five Business Issue for Oil and Gas Executives
Wednesday, March 12, 2008 "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.

Ernst & Young: Leadership is Key
Friday, September 05, 2003 Investment in Leadership is key for the next round of North Sea Mergers & Acquisitions.