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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.
Climate change concerns are becoming the biggest priority for shareholders, according to a study released by Ernst & Young on Tuesday morning.
Oil and gas companies are continuing to increase their investment into North American exploration, reaching a record $185.6 billion for capital expenditures in 2012, according to a study on oil and gas reserves released on Tuesday morning.
Cyberattacks and other IT security issues have become a top industry concern for the first time in the history of Ernst & Young’s recurring survey of energy executives, ranking No. 9 on the list of most important industry concerns of 2013.