DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Oil and Gas Industry Business Confidence Report H1 2016” report to their offering.
The existing economic environment is unfavorable for the oil and gas industry, and customer confidence levels remain constant in H1 2016 (January 2016 – June 2016). Companies are slightly optimistic about economic conditions in North America due to improvements in the US financial position, accelerating growth in the job market, and increased investments in infrastructure and information technology.
Over the next six months the industry would increase its expenditure towards mergers and acquisitions. Moreover, oil and gas companies operating in North America and Europe forecast budget allocation for offshore equipment to remain flat in 2016, compared to 2015.
Key Findings
– Respondents hold a favorable opinion of the current economic climate in Asia and the Middle East, but do not hold a very favorable opinion for both Western and Eastern Europe
– Industry competitors are slightly more confident about their company’s growth prospects compared to industry growth prospects in H1 2016 (January – June 2016)
– In total, 35% of respondents note that there will be no change in expenditure on information technology in H1 2016
– Performance of developing economies and social unrest in countries of operation are identified to be the important concerns for the business executives operating in the Rest of the World region
– Oil and Gas industry respondents operating in Europe intend to allocate the majority of their procurement budget towards operational expenditure, both in 2015 and 2016
Key Topics Covered:
1. Introduction
– Definitions
– Methodology and sample size
– Respondent profile
2. Economic State, growth prospects and customer confidence
– Existing economic environment
– Industry and company growth outlook
– Expected change in customer confidence
3. Supplier prices, staff headcount and sales performance
– Supplier prices expectations
– Anticipated change in staff head count and sales projections
– Anticipated change in spend on key activities
4. Business concerns and organizational priorities
– Level of concerns and expected impact
– Significance of potential business priorities
5. Procurement budget and expenditure outlook
– Purchase preferences for offshore equipment
– Frequency of investments towards various equipment categories
– Procurement of number of pieces of equipment
– Average expenditure per purchase
– Allocation of investment for equipment purchases
– Distribution of procurement budget between capital and operating expenditure
– Change in procurement budget expenditure
– Variation in offshore equipment budget from 2015 to 2016
– Leading suppliers across oil and gas equipment types
6. Appendix
Companies Mentioned
– China National Offshore Oil Corporation Limited
– Duke Energy Corp
– eDrilling
– Hindustan Petroleum (HPCL) and Bharat Petroleum (BPCL)
– Indian Oil (IOC)
– Maersk Training
– Piedmont Natural Gas Co.
– Saipem S.p.A
For more information visit http://www.researchandmarkets.com/research/pbwt2v/oil_and_gas
