A secure, reliable, efficient, and affordable source of energy is the basis of modern commerce. As highly publicized blackouts, shortages, and cutoffs so clearly demonstrate, when the lights or the heat go out or the pumps run out of gas, business shuts down. At Deloitte, our worldwide member firms provide an array of specialists whose only job is to assist energy and resource companies. Through this network, industry focused professionals serve 75% of the Energy & Resources companies listed in the 2008 Global Fortune 500®, almost three-quarters of the world's largest mining companies, and 43 percent of the largest national oil companies (NOCs) who, according to The Economist, collectively control 90 percent of global oil reserves. During fiscal year 2008, the Deloitte Energy & Resources network of member firms earned over $1.7 billion in fees in the energy sector.
Energy clients have specific needs that demand specialists. In response to those unique needs, we have developed over two dozen service lines focused on energy. We actively support global clients by ensuring we have the right people to serve each client. We have the capability of locating professionals with the experience needed and can facilitate their deployment to the client's location.
E&R professionals stay connected. We have a designated, active leader for every country where we have offices, as well as for every sector served and for every service line offered. Since 1998, each month these leaders leaders join in conference to discuss industry developments, events, and issues. Since 1999, we have had a global energy intranet for the purpose of sharing industry knowledge among our practitioners.