Energy compliance solutions
Manage energy sector compliance where complexity converges
Connect software solutions for regulatory compliance in the energy sector across tax, trade, legal, risk, and finance, so teams can reduce rework and respond faster
Compliance now reaches every energy transaction
As compliance risks converge, energy companies in every sector need one source of truth that connects to the systems that move product and power.
93%
of oil and gas chief information officers (CIOs) expect AI to transform field operations, enterprise workflows, and decision-making 1
63%
of energy companies face rising risk due to fragmented systems and disconnected tools 2
70%
of U.S. oil and gas firms use AI for work to support capital discipline without slowing operations 3
1 Gartner Chief Information Officer Survey, 2025
2 Deloitte Energy Compliance Survey, 2024
3 Deloitte 2026 Oil and Gas Industry Outlook
Embed energy sector compliance into daily workflows
Compliance decisions happen in the flow of work — across capital projects, supply chains, entity structures, regulatory research, and legal review. ONESOURCE+ connects tax, trade, legal, risk, and reporting intelligence to everyday systems, reducing rework and strengthening audit readiness.
Operational energy compliance
Spot compliance risk before decisions advance
Bring compliance intelligence into everyday energy workflows, so teams can address tax, trade, legal, risk, and reporting obligations before decisions create downstream exposure.
ONESOURCE+ impact:
- Earlier visibility into tax, trade, legal, and risk obligations tied to energy projects and transactions
- Less downstream rework across procurement, finance, operations, and compliance teams
- Stronger support for audit-ready decisions before filings, reviews, or examinations begin
Achieve better results:
40 to 60%
reduction in tax preparation time with ONESOURCE tax automation ¹
96%
improvement in tax filing efficiency with ONESOURCE Indirect Tax ¹
Tax and reporting precision
Defend energy tax work as complexity grows
Support indirect tax, motor fuels excise, Superfund Excise Tax, provision, statutory reporting, and energy tax credit workflows with shared data, documentation, and calculations.
ONESOURCE+ impact:
- More consistent treatment of energy-specific tax obligations across entities and jurisdictions
- Better connection between transaction data, reporting, provision, and audit documentation
- Reduced spreadsheet dependency for recurring tax, reporting, and close processes
Achieve better results:
1,297+
taxing authorities supported for motor fuels excise and related obligations ¹
Supply-chain risk intelligence
Protect project economics from tariff and supplier risk
Evaluate tariff, classification, supplier, sanctions, forced labor, adverse media, and counterparty exposure earlier, before sourcing decisions affect project cost or risk.
ONESOURCE+ impact:
- Better visibility into tariff, supplier, sanctions, and counterparty exposure
- More coordinated review across trade, procurement, legal, risk, and finance teams
- Stronger documentation for supplier decisions, sourcing changes, and cross-border compliance
Achieve better results:
$250M
50%
in tariff duty savings through trade strategy and free trade zone optimization. ²
increase in risk assessment efficiency with CLEAR Risk Inform³
Value chain continuity
Connect compliance across the energy value chain
From joint ventures and Engineering, Procurement, and Construction (EPC) contracts to Power Purchase Agreements (PPAs), ONESOURCE+ brings AI-powered legal intelligence and spend control across the energy value chain, helping teams manage more legal work in-house.
ONESOURCE+ impact:
- AI-assisted contract review and drafting accelerates workflows — reducing outside counsel dependency at every stage of the value chain
- Integrated matter management connects outside counsel spend control to the trade and environmental obligations embedded in those same agreements
- Automated counterparty and supplier screening identifies risk before contract execution — not after commitments are made
Achieve better results:
50-75%
5-15%
reduction in document review time ⁴
outside counsel cost savings in year one ⁵
Sources:
- Thomson Reuters internal customer data, April 2025
- Thomson Reuters CLEAR Risk Inform customer survey, Thomson Reuters, 2024
- BTI Consulting Group, Legal Spending Benchmarks, Thomson Reuters, 2024
- Thomson Reuters, CoCounsel GenAI for Legal Teams case study, 2024
- Thomson Reuters Legal Tracker, internal customer data, Thomson Reuters, 2024
Explore energy sector compliance solutions built for oil, gas, power, and utilities
- Tax
- Trade
- Legal
- Risk
Bring more control to complex tax work across the energy sector
Help energy tax and finance teams turn complex transaction, reporting, and credit data into consistent, audit-ready decisions across the business.
Learn more about:
Transactional compliance
Make tax decisions more consistent across complex energy transactions, including fuel and equipment purchases, exemptions, credits, and multijurisdiction obligations.
Periodic financial close
Close with greater confidence by improving visibility into tax data, reporting requirements, and documentation before deadlines arrive.
Tax, research, and insights
Use Checkpoint and CoCounsel Tax to research energy tax credits, Superfund Excise Tax, multi-state nexus, apportionment, bonus depreciation, and regulatory change with trusted content and artificial intelligence-assisted analysis.
Account for tariff impact before project economics change
Help energy trade and procurement teams understand compliance impact earlier, before tariff changes, sourcing decisions, or documentation gaps affect project economics.
Learn more about:
Cross-border trade
Enable teams to understand trade obligations before goods move to reduce the risk of delays, unexpected costs, or compliance issues across energy supply chains.
Give legal teams better visibility into energy compliance obligations
Assist energy legal teams with the research, workflow visibility, and spend control they need to manage regulatory change and support the business with confidence.
Learn more about:
Legal research and advisory
Quickly interpret regulatory, transactional, and litigation issues so you can give the business clearer, more timely guidance.
Spend and matter management
Gain better visibility into energy-related matters, timelines, responsibilities, and spend so you can manage work with greater control.
Due diligence and compliance
Make it easier to track legal and regulatory changes across energy markets in order to help teams understand what may affect operations and projects.
Draft, review, and legal analysis
Use CoCounsel Legal to support drafting, review, and analysis for energy contracts, regulatory questions, legal research, and high-volume work connected to complex projects.
Find supplier and counterparty risk before commitments are made
Guide energy risk and compliance teams in identifying third-party exposure earlier, so supplier and counterparty decisions are easier to review, support, and defend.
Learn more about:
Continuous monitoring and fraud detection
Keep watch for changing risk signals across third-party relationships, helping teams detect potential fraud, compliance issues, or reputational exposure before they escalate.
Investigations
Quickly understand the people, entities, and networks behind potential risk, so energy supplier, contractor, and counterparty concerns can be reviewed with greater confidence.
Onboarding due diligence and fraud prevention
Assess new suppliers, contractors, and counterparties before engagement, helping energy teams reduce fraud risk and make onboarding decisions that are easier to document and defend.
Collections and recovery
Energy organizations need reliable intelligence to locate parties, verify identities, and document recovery efforts across accounts, field operations, and asset recovery.
Why energy professionals trust Thomson Reuters
4 IDC MarketScape Leader recognitions
Thomson Reuters and Pagero were named a Leader in 2024 IDC MarketScape assessments for Worldwide VAT Management Applications, Worldwide Software-as-a-Service Sales and Use Tax for Enterprise, and European Compliant E-Invoicing Solutions.
100% of Fortune 100 companies
All the Fortune 100 companies use Thomson Reuters solutions — demonstrating enterprise trust across complex, highly regulated organizations.
1,297+ taxing authorities
ONESOURCE supports motor fuels excise and related obligations across more than 1,297 taxing authorities, helping energy tax teams manage rules that generic tax engines often cannot cover alone.
Explore insights for smarter compliance in the energy sector, including oil and gas, power generation, and utilities
Redefining energy business success
Discover how energy leaders can build more agile, resilient organizations as geopolitical change, regulation, technology, and operational complexity reshape the industry.
Navigate complex oil and gas tax obligations
Explore key tax considerations for oil and gas companies, from U.S. and international obligations to industry-specific taxes, credits, and compliance challenges.
Use AI to manage legal complexity in energy
Learn how AI can help energy legal teams and law firms streamline contract review, analyze documents faster, and respond to regulatory complexity with greater confidence.
Frequently asked questions
ONESOURCE+ is the Thomson Reuters intelligent compliance network that connects tax, trade, legal, and risk workflows. For energy companies, it helps teams manage energy compliance solutions across operational, financial, supplier, and legal decisions.
Point solutions often address one task while leaving teams to reconcile data across tax, trade, legal, risk, finance, procurement, and operations. We connect trusted content, data, workflow intelligence, and enterprise systems to help energy teams reduce fragmentation across functions.
ONESOURCE+ helps connect tax determinations, trade management, supplier screening, legal workflows, provision data, and statutory reporting. This connectivity helps reduce duplicate work, strengthen audit trails, and support more defensible regulatory compliance decisions in the energy industry.
We've designed ONESOURCE+ to work within enterprise workflows, including Systems, Applications, and Products in Data Processing (SAP) and Oracle environments. This integration helps energy companies modernize compliance work without relying on disconnected lookups or manual reentry.
Chief financial officers, chief information officers, general counsel, chief legal officers, heads of tax, risk leaders, compliance teams, procurement leaders, operations teams, trade teams, and finance teams can all benefit from connected compliance workflows in the energy industry.
Software solutions for energy regulation compliance can help reduce manual work, limit duplicate reconciliation, improve filing efficiency, reduce transaction errors, consolidate vendors, and give teams better visibility into outside counsel spend and supplier risk.