Three Ways an Energy Consulting Firm Can Add Value to Financial Reporting Teams

An energy consulting firm can add value to your business in both energy industry expertise and subject matter expertise. Financial management consultants can help your business research and document solutions to complex financial reporting issues. Technical advisory Financial management consultants are well versed in the financial statements and footnotes for both public and private companies. They are able to help with quarterly and annual SEC reporting topics such as preparation […]

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Three Key Capabilities to Consider When Evaluating Natural Gas ETRM Systems

In the world of Energy Trading and Risk Management Systems (ETRM), there is no perfect system that meets all market participants’ needs.  Each system has its drawbacks and typically falls short on the promises of streamlined processes, improved analysis capabilities and fewer errors.  However, ETRM systems play an important role in supporting commodity marketing, settlement, risk management and reporting capabilities by providing a secure, controlled and integrated process and data […]

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ETRM, CTRMs ARE LIKE SNOWFLAKES – CONSIDER THE ‘HUMAN FACTOR’ EARLIER

When an organization decides to implement an Energy Trading and Risk Management (ETRM) system, they generally pursue the following steps: Step 1:  A system selection team is formed consisting of representation from the trading, operations, risk, information technology, accounting and purchasing organizations. Step 2:  A list of requirements and priorities is developed. Step 3: The team facilitates a system selection process consisting of a request for proposal, review of responses […]

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Time to go to a Conference

Industry conferences are important events for businesses to attend, serving as a valuable insight to the pulse of the industry. Conferences not only enlighten its participants of the latest trends and technologies; they also provide a chance to network with other industry professionals in building valuable business relationships. Industry conferences offer value during both years of growth and years of decline, which is often overlooked. As we navigate the current […]

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Renewable Power Generation Generates Perplexities in Derivative Accounting

Lower priced fossil fuels over the past 18 months would generally indicate that investments in renewable energy would begin to decline. However, renewable energy investment was at an all-time high in 2015, and with December’s Paris Climate Agreement, it is not expected that this trend will revert anytime soon. Given the volatile nature of power, investments in wind farms are generally accompanied by a long dated power purchase agreement (“PPA”) […]

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Oil and Gas Companies Adjust, Reset and Plan

In the current pricing environment, oil and gas companies have been forced to take a hard look at their business practices.  In an era where oil prices were steadily over $90 a barrel, upstream companies could afford to be bloated and take risks that the current environment simply does not allow for.  As oil prices have now fallen below $40 a barrel, companies are now finding ways to stretch their […]

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Cloud Computing for Energy Consulting

As cloud computing is becoming less of a buzzword and more of a technology reality for businesses, what are the benefits and impacts of cloud computing specific to the Oil and Gas sector and especially for the energy consulting firms providing technical solutions? In the current environment of low oil prices with energy companies focusing on cost saving measures, can cloud computing help reduce IT costs and still provide businesses […]

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Oil and Gas Consultants in the Current Landscape

Oil and Gas consultants can provide a variety of skills and services that can benefit energy companies in a depressed market that we are facing today.  With oil prices holding steady between $30 and $40, companies are calling on oil and gas consulting firms to help them cut cost and save dollars.  A few of the services that can be provided come in the form of process and technology improvements […]

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Benefits of Energy Consultants during Energy Trading Risk Management (ETRM) Implementations

What is an ETRM System An ETRM system is a category of software applications, architecture and tools that supports the business processes associated with energy trading. In the broadest sense, ETRM solutions are fully integrated sets of software that help to manage the front, middle and back office areas of an energy trading entity. Energy Consultants and ETRM Implementations The implementation of an ETRM system can be complex, time consuming […]

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Examining the Income Tax Treatment of Restructuring Costs

This note briefly discusses the book-tax difference in the treatment of restructuring costs.  As a general rule, these costs must be expensed for book purposes, often times appearing in separate line items in income statements of entities reporting under ASC Topic 852.  However, for U.S. federal income tax purposes, many of these costs are not currently tax deductible but must be capitalized and recoverable only in the case of future […]

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