Posts filtered on Tag
Oil and gas companies are leaning less on public markets to raise capital thanks to lower oil and gas prices, according to a new analysis by EY.
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.
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.
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.
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.
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.
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.
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.
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.
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.