South Africa


  • Industry: Oil & Gas
  • Type: Business and industry issue
  • Date: 2011/04/06

Oil & Gas

KPMG’s Oil & Gas team offers a range of services relevant to the needs of the oil and gas industry.

After the Gulf of Mexico Oil Spill: Recent developments in the oil and gas industry 

In April 2010, the Gulf of Mexico oil spill led some to reconsider the way the oil and gas business is conducted around the world.

As a result, oil and gas companies are conducting a close review of their operating models, contractor relationships, business risks and a number of new and proposed regulations.

The incident highlights the need to focus on the increasing challenges of meeting the world's rising energy demand.

This paper reviews the initial industry reaction and provides insights about the future impact to the industry.