Energy and natural resources

Baker Tilly has wide experience of working with clients in the energy and natural resources sector including companies that operate throughout the world in:

• Oil and gas exploration and production,
• Mineral extraction and
• Renewables & cleantech

Businesses in these sectors are facing a range of new challenges both nationally and internationally. Volatile commodity markets, increased regulation, tax changes are just some of the problems that our clients face on a daily basis, and on top of this, the global economy is still recovering from a difficult recession which hit the sector hard.

With the powerhouses of India and China storming ahead and finite world resources, this sector above many others shows signs of continued real growth for the years ahead. New sectors and trends develop – such as investments in shale gas – as others, like deepwater drilling and mineral exploration rights, face different challenges.

Practical and relevant solutions to help your business succeed

We help to identify and address our clients’ principal areas of interest and concern including:

• Complying with the UK Bribery Act coming into effect in 2011, by a review and implementation of appropriate systems
• Understanding the necessary board procedures and how best practice corporate governance can work for the natural resources sector
• Practical experience of capital markets transactions and an understanding of the technical requirements involved, including liaison with competent persons and other specialists
• Indentifying the most efficient corporate tax structure for a global resources group
• How to ensure the operation of good financial controls when dealing with remote operational locations

Industry expertise with international reach

Through our work on many transactions in this sector we provide support and expertise and add value in areas such as:

• A thorough understanding of best practice in the energy, natural resources and renewables sectors
• Support throughout the flotation process, including providing introductions to nominated advisors (NOMADS), sponsors and brokers for the capital markets
• Early warning of key issues and changes to regulation, tax and compliance standards
• Royalty audits and royalty agreement reviews
• Profit sharing agreements
• Forensic accounting requirements
• Tax strategy and planning reviews – including maximising R&D tax credits
• Accounting and audit requirements of operating in overseas jurisdictions, working with the global Baker Tilly International network
• Tax and financial due diligence for M&A transactions
• Tax efficient means of retaining and rewarding key staff and directors