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Ernst & Young

Roughnecks take a break from working the Peterson Drilling Company rig in Carlsbad, New Mexico, February 26, 2000.  (Photo by Joe Raedle)

Oil companies on the lookout for M&A deals as slump lingers, reports say

With oil prices struggling to rebound to 2014’s highs of $100 per barrel, more exploration and production companies will be on the prowl for deals to fuse together or gobble up competitors, Moody’s said.
(Spencer Platt/Getty Images)

Oil price recovery on the way, panel says, but pace will be slow

In a webcast, the panel of experts from financial services giant Ernst & Young said that the energy sector is expected to rebound, albeit at a sluggish pace, after several months of unrest following the collapse in oil prices that began last fall.
(AP Photo/Gregory Bull, File)

Sinking oil prices may stifle deals, M&A expert says

With oil prices at their lowest point in years, the rate of mergers and acquisitions is slowing and oil firms are pulling back on international investments.
Westwood, group chairman of the energy consultants Douglas-Westwood, speaks at the 2014 Offshore Technology Conference at NRG Park on Monday, May 5. (Thomas Shea/For the Houston Chronicle)

Consultant: Young workers are ‘best hope’ for developing tech efficiency

The next generation of workers is the oil and gas industry’s “best hope” for developing more efficient practices and technologies that will reverse the tide of out-of-control spending, consultant John Westwood said Monday at the Offshore Technology Conference.
A pedestrian walks on a bridge in front of wind turbines at the Sino-Singapore Tianjin Eco-city in Tianjin. (Tomohiro Ohsumi/Bloomberg)

China narrows gap to US in renewable-energy ranking

China closed in on the U.S. at the top of a renewable-energy ranking by consultants EY after installing record solar-power capacity last year.
(credit: Flickr)

Private equity sees growing investment opportunities in oil and gas

The oil and gas industry is inherently capital intensive, with projects that run into the billions, making it an attractive investment for private equity firms, according to a survey released Tuesday by EY, an international professional services firm.
Of the six states where the mining sector – including businesses that extract oil and natural gas – comprised more than 10 percent of the state’s economy in 2013, five saw both better than average overall economic growth as well as growth within the mining sector, according to a report by the U.S. Energy Information Administration. (AP file photo/Reed Saxon)

Oil industry jobs, dealmaking expected to rise

Economic clouds have parted since last year, when the U.S. fiscal cliff loomed large over the global economy. Now many in the oil and gas industry see a strong case to buy assets and expand payrolls, according to Ernst & Young.
Deborah Byers, managing partner for Ernst & Young’s Houston office, spoke Tuesday at the Women’s Global Leadership Conference in Houston about women's role in today's changing energy industry. (Emily Pickrell/Houston Chronicle)

Energy executive offices slowly diversifying, expert says

Chief executive jobs in the energy industry continue to be one of the most male-dominated positions, even when compared with finance and technology, an industry expert said Friday at the Women’s Global Leadership Conference in Energy and Technology in Houston.
An anti-fracking protest sign sits in the window of a residential property near to Cuadrilla Resources Ltd.'s exploratory shale gas drill site in Balcombe, West Sussex. A city in Texas might also ban such fracturing. (Matthew Lloyd/Bloomberg)

Fracking opponents find lawyers beat superglue in slowing shale

Campaigners desperate to prevent the birth of a U.K. shale-gas industry have glued themselves to walls, barricaded country lanes and climbed drill rigs. Yet their most potent weapon is more prosaic: lawyers.
(AP file photo)

Climate change becoming top shareholder concern

Climate change concerns are becoming the biggest priority for shareholders, according to a study released by Ernst & Young on Tuesday morning.