Ernst & Young’s global oil and gas industry forecast 2008

Energy Trade

Increasing global demand for energy and subsequent high prices have created a robust environment for oil and gas producers. At the same time, high prices have had an adverse effect on the downstream sector as the cost of raw materials impacted refining margins.

According to Ernst & Young’s, demand is expected to drive industry transformation for 2008 in the following ways:
• Increased activity on the part of National Oil Companies;
• Unprecedented competition for reserves;
• Increased emphasis on enterprise-wide risk management;
• High-volume and high-priced transaction activity; and
• Expanded use of International Financial Reporting Standards.

Ernst & Young’s Global Oil & Gas Center works with companies throughout the world, helping them succeed in the ever-evolving oil and gas business. Drawing from industry experience gained from working with our oil and gas clients, the center’s practitioners offer the following assessment of the oil and gas industry in the year ahead. (full article)

ADVERTISEMENT

Industries lose billions on counterfeit products Analysis

Industries lose billions on counterfeit products

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.