Deloitte

Global exploration success in 2018 reflected a disciplined capital approach that is likely to continue this year, with many of the leading prospects not only conventional, with many in deepwater, but also weighted to natural gas.

The oil and gas industry may be raising rigs and expanding capital plans for 2018, but some players still appear cautious about building up their portfolios, according to Deloitte.

More than half (59%) of oil and natural gas industry executives surveyed by Deloitte recently said they believe the energy industry recovery has begun or will start next year, the consultant said Wednesday.

Despite predictions that the oil and gas industry would consolidate in the wake of low commodity prices, merger and acquisition (M&A) activity during the first half of 2016 fell to levels not seen since 2008-09, according to a report by Deloitte Center for Energy Solutions.

The global exploration and production (E&P) sector is on pace for major underinvestment through 2020, as companies use cash flows to shore up their balance sheets, according to a report released Wednesday by Deloitte LLP.

The global exploration and production (E&P) sector is on pace for major underinvestment through 2020, as companies use cash flows to shore up their balance sheets, according to a report released Wednesday by Deloitte LLP.

More than one-third of the global pure-play producers, an estimated 175 operators, face the risk of slipping into bankruptcy this year as they face fewer options than even last year, according to Deloitte LLP.

Uncertainty about the length and impact of the oil price collapse over the past 18 months has led to an atmosphere of price disparity between buyers and sellers, which contributed to low levels of merger activity in 2015, Deloitte LLP experts said this week.

Heading into 2016, energy companies are having to adapt their regulatory compliance efforts to increasingly account for risk, according to Deloitte & Touche LLP’s “Top Regulatory Trends for 2016 in Energy.”