Oil and gas
Intertwined: the physical and the financial - Commodity risk in the oil & gas, power utility and mining sectorsThe hard-hat world of the oil and gas, power utility and mining industries and the hard-ball world of financial trading have progressively become more intertwined. In the past five years, in particular, the interplay between these two worlds has increased in both extent and complexity.
Managing large scale capital projects*Midstream master limited partnerships are often challenged to effectively manage high-stakes capital investment projects and organic growth programs.
The ability of midstream master limited partnerships (MLP) to achieve future growth targets is generally achieved through a combination of the completion
of organic growth projects and strategic acquisitions. To help ensure management and unitholders enjoy the full benefits of these significant investments, in PricewaterhouseCoopers' view, management should consider the following three steps: analyze and plan for each project’s regulatory climate and risks; establish a capital investment management framework; and develop focused management reporting.
Master limited partnerships - Gauging your successGuide to the principal issues and challenges faced by new and existing MLPs
Need to know* The future of IFRS for the extractive industriesThe growing use of IFRS around the world means that all companies in the industry – whether in the oil & gas sector or the mining sector – should take notice of these developments.
Petroleum accounting principles, procedures & issues, 6th editionThe 6th edition Petroleum accounting principles, procedures & issues focuses on US financial accounting and reporting for petroleum exploration and production activities.
Oil and gas deals 2006Burgeoning energy demand, higher oil prices, constrained supplies of conventional hydrocarbons, the exploration of more unconventional sources, and increasingly complex geopolitics are all shaping M&A activity in the oil and gas industry.
Canadian energy survey - 2007The PricewaterhouseCoopers 2007 Canadian Energy Survey provides a summary of performance within various sectors of Canada’s energy industry including: crude oil, natural gas, oil and gas services, oil sands and electricity. The survey also summarises financial and operating information of the top 100 Canadian public oil and gas companies and 32 oil and gas income trusts, as presented in their respective annual reports for the fiscal years ended in 2006. This year’s survey features a special update on the new taxation regime faced by income trusts and on the introduction of IFRS in Canada.
LNG (Liquid Natural Gas): Towards a global reference priceLNG is one of the fastest-growing energy markets. But although there has been movement towards a global reference price, the costs involved along the value chain suggest the commoditisation achieved in the oil sector is unlikely.
IFRS for oil and gas and utilities industries: Real time. Delivering IFRS in the oil and gas and utilities industries With many companies at the end of their first full IFRS reporting period, we publish Real Time, which examines the reality of reporting under the new standards for companies in the oil & gas and utilities sectors.
LNG (Liquid Natural Gas) glossary - LNG: A glossary of termsWith LNG playing an increasingly important part in the world's energy mix, familiarity with LNG terminology is needed by a growing number of professionals.
Geopolitics and energy - How energy companies can improve global business performance by better managing political riskEnergy companies understand the business consequences of political change perhaps better than organisations in any other sector. Matching energy demand and supply is, at its very core, a high-stakes geopolitical business endeavour. This is truer today than at any time in the past.
Energy and information security - How energy and utility companies are improving security but missing opportunities to integrate risk and compliance
Results from the world’s largest information security study are in. This year, responses to PricewaterhouseCoopers’ and CIO magazine’s Global State of Information Security study reveal that energy and utility companies worldwide are spending 12.9% of their IT budgets on information security—more than they spent in 2004 (8.4%) but considerably less than what companies in other industries are currently investing (17.3%).
Utilities
Glossary of terms used in the trading of oil and gas, utilities and mining commoditiesThis glossary will be of use to a broad audience – CEOs, CFOs, members of the management and supervisory boards, accountants, traders, regulators, tax consultants and many more – bringing together terms from the worlds of finance, electricity, mining, oil and gas as well as sectors such as law, regulatory affairs, economics and even meteorology.
Need to know* The future of IFRS for the extractive industriesThe growing use of IFRS around the world means that all companies in the industry – whether in the oil & gas sector or the mining sector – should take notice of these developments.
Utilities survey - Energy and efficiency: the changing power climate - Utilities global survey 2007In 2007 we see a power utilities sector that appears much more ready to make the changes that arise from the threat of climate change.
Global utilities capability statementThe utilities industry is central to economic activity. Global economic growth is dependent on water and power. Delivering sustainable expansion of water and energy provision is a critical challenge to the utilities industry.
IFRS for oil and gas and utilities industries - Real time. Delivering IFRS in the oil and gas and utilities industries
With many companies at the end of their first full IFRS reporting period, we publish Real Time, which examines the reality of reporting under the new standards for companies in the oil & gas and utilities sectors.
LNG (Liquid Natural Gas) - Value and growth in the liquefied natural gas market
The future development of LNG as one of the fastest growing areas of the energy market worldwide will also require the development of new technologies and will depend on the pace in which they are put into practice.
Fuel cell industry survey - 2007Aggregate revenues for publicly traded companies in the worldwide fuel cell sector rose 59% in 2006 over 2005 to a record high of US$416 million, according to the PricewaterhouseCoopers
2007 Fuel Cell Industry Survey.
M&A in the utilities industry - Power deals: 2006 annual review
This report examines the rationale behind the overall trends and the key individual deals. We also highlight, in a series of deal dialogues throughout the report, some of the critical issues for companies engaging in deal activity within the sector drawing on our global experience as an adviser to players in major deals throughout the sector in all key power and gas markets.
LNG: Towards a global reference priceLNG is one of the fastest-growing energy markets. But although there has been movement towards a global reference price, the costs involved along the value chain suggest the commoditisation achieved in the oil sector is unlikely.
Impediments to electricity trading in Central and Eastern Europe - Austria, Czech Republic, Germany, Hungary, Poland, Slovakia and Slovenia traders' survey 2006In 2006 the European Regulators Group for Electricity and Gas (ERGEG) launched the Electricity Regional Initiative (ERI) and Gas Regional Initiative (GRI). ERI and GRI are European-wide initiatives intended as a concrete contribution to the integration of national markets by facilitating the creation of regional energy markets, in electricity and gas respectively. The ERI sets up seven regions in Europe. For one of these regions, PricewaterhouseCoopers analysed the impediments for traders. The market analysis included regulatory, administrative and information-related impediments to electricity trading in the following seven countries of that region: Austria, Czech Republic, Germany, Hungary, Slovakia, Slovenia and Poland.
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Utilities survey - The big leap: Utilities global survey 2006Once again we go to the heart of boardroom thinking with our comprehensive annual global survey of power utility company leaders around the world. Both this year and in the last two years, concerns about security of supply top the list of anxieties with massive technological and infrastructure investment required to meet burgeoning demand and address environmental concerns.
Emissions trading - Building trust in emissions reportingA new report by PricewaterhouseCoopers on “Building trust in emissions reporting” highlights the key characteristics of the world's main emission trading schemes, presents a new vision for compliance in emissions trading and calls for global action to develop this.
Getting the data right - A survey of information technology solutions to meet EU emissions trading scheme requirementsFor the first time, the most relevant information technology solutions to meet EU Emissions Trading Scheme requirements were listed and assessed for your convenience.
Fuel cell industry survey - 2006
According to the PricewaterhouseCoopers
2006 Fuel Cell Industry Survey total revenues for publicly traded companies in the global fuel cell sector were up 20% to $266 million in 2005, compared to $221 million the previous year.
How energy and utility companies are improving security but missing opportunities to integrate risk and complianceResults from the world’s largest information security study are in. This year, responses to PricewaterhouseCoopers’ and CIO magazine’s Global State of Information Security study reveal that energy and utility companies worldwide are spending 12.9% of their IT budgets on information security—more than they spent in 2004 (8.4%) but considerably less than what companies in other industries are currently investing (17.3%).
Carbon emissions and climate change - The world in 2050: Implications of global growth for carbon emissions and climate change policy
Impact of global growth on carbon emissions.
Sarbanes-Oxley - Sustainable from the start: Sarbanes-Oxley 404 implementation by oil & gas and utility foreign private issuersThe Sarbanes-Oxley Act of 2002, the US Congress's sweeping reaction to a series of corporate scandals, is having a profound impact on US companies. Section 404, which places new obligations on companies to assess and report on the effectiveness of internal controls, has been particularly challenging.
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Mining
Mining newsletter - Global Mine* bulletin - May 2008Global Mine* is a quarterly mining bulletin published by PricewaterhouseCoopers.
Mining newsletter - Global Mine* bulletin - February 2008Global Mine* is a quarterly mining bulletin published by PricewaterhouseCoopers. In this edition you will find discussions on the sub-prime credit crisis' impact on mining, performance improvement of management reporting, and an African mining discussion. GEM Consulting, a new consulting division of PwC, is introduced.
Master limited partnerships - Gauging your successGuide to the principal issues and challenges faced by new and existing MLPs
Need to know* The future of IFRS for the extractive industriesThe growing use of IFRS around the world means that all companies in the industry – whether in the oil & gas sector or the mining sector – should take notice of these developments.
IFRS for mining companies - Financial reporting in the mining industry* - International financial reporting standards
This edition of ‘Financial reporting in the mining industry’ describes the financial reporting implications of IFRS across a number of areas selected for their particular relevance to the mining industry.
Statement of global mining capabilities 2007This publication discusses the key challenges mining companies face today and how PwC is helping them identify and implement solutions.
Effective tax rate comparison of the global mining industry 2006: May 2007 analysis
We are pleased to once again present our comparison of effective income tax rates in the global mining industry. This edition includes 51 companies operating throughout the world which are mining precious metals, base metals, industrial minerals (including cement) and coal.
Junior mine: Review of trends in the AIM mining sector - November 2006
A must read for companies in the junior mining industry and for those with an interest in it .
IFRS in the mining industry - Real time: International financial reporting standards in the mining sectorReal time highlights some of the key areas of difficulty that impact specifically on the mining sector under IFRS. It provides insight into how companies have dealt with these issues, through examples of the accounting policies included in their published IFRS financial statements.
Global gold price survey results - 2006
During the last quarter of 2005, the price of gold rose above the $500 mark for the first time since 1987, according to
PricewaterhouseCoopers’ 2006 Global Gold Price Survey. Since then, it surged to a high of $720 in May 2006, settling into a wide trading range between $560 and $670 through to the end of 2006 — closing at $637.
Financial reporting in the mining industry*: International financial reporting standards
This edition of ‘
Financial reporting in the mining industry’ describes the financial reporting implications of IFRS across a number of areas selected for their particular relevance to the mining industry.
Mine: Riding the wave
This report provides an aggregated view of the global mining industry in 2006, represented by 40 of the world’s largest mining companies.
Global gold price survey results 2006
During the last quarter of 2005, the price of gold rose above the $500 mark for the first time since 1987, according to PricewaterhouseCoopers’ 2006 Global Gold Price Survey. Since then, it surged to a high of $720 in May 2006, settling into a wide trading range between $560 and $670 through to the end of 2006 — closing at $637.
Effective tax rates comparison of the global mining industry 2005: As of December 2005
This edition of PwC’s semi-annual comparison of effective income tax rates in the global mining industry covers 55 companies throughout the world that mine precious metals, base metals, industrial minerals (including cement) and/or coal.
Real time: International financial reporting standards in the mining sector
This report highlights some of the key areas of difficulty that impact specifically on the mining sector under IFRS. It provides insight into how companies have dealt with these issues, through examples of the accounting policies included in their published IFRS financial statements.
Mine: Let the good times roll
The mining sector has delivered another spectacular increase in profits during 2005, on the back of a further strengthening in commodity prices. This is one of the key findings of
Mine: let the good times roll, the third annual review of global trends in the mining industry.
Global gold price survey results 2005
This PricewaterhouseCoopers survey summarises responses from 42 of the world's leading gold mining companies headquartered in Canada, the United States, the United Kingdom, Australia and South Africa. Thirty-five of these companies are SEC registrants. Our annual survey examines the values that gold producers have used to assess carrying values, the factors that have influenced their determination, and the disclosure they plan for their 2005 annual reports.
Effective tax rates comparison of the global mining industry 2004
April 2005 edition - We are pleased to present the latest edition of PricewaterhouseCoopers'
Effective tax rates comparison – global mining industry. This study has been compiled for the past five years, semi-annually since 2003, as a tool for benchmarking the financial impact of taxes on the global mining industry's financial position.
Responding to a changing environment: applying emissions trading strategy to industrial companies
2005 marks the start of the carbon-constrained economy in Europe. The EU Emissions Trading Scheme generates substantial risk - and potentially creates substantial opportunities - for companies in a number of industrial sectors.
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