Environment and Gas

Oil And Gas Industry Business Confidence Report H1 2016

  • KAB424746
  • 49 Pages
  • March 2016
  • Environment and Gas
Summary
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 companys 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

Synopsis
Kables Oil and Gas Industry Business Confidence Survey H1 2016 examines executives opinion on business environment over January-June 2016. It also highlights existing economic condition, supplier price variations, sales performance, industry and company growth outlook, spending patterns, and key priorities. Additionally, the report includes the trends in the offshore equipment market, analysis of the procurement budget allocations and leading suppliers of offshore equipment.

What else does this report offer?

Current state of the global economy: examines prevailing economic conditions globally and across various regions

Company and industry growth outlook: provides industry executives expectations towards growth prospects of their company and the industry over the next six months

Change in customer confidence: analyzes oil and gas industry executives opinion about the change in customer confidence during H1 2016

Supplier prices projection: determines expected change in supplier prices across various categories and their impact on business confidence

Change in staff headcount and sales performance: tracks expected change in staff headcount and sales for H1 2016 among industry executives globally

Significant investment activities: highlights various areas in which industry executives intend to invest over the next six months

Business concerns: provides information about potential business concerns indicated by survey respondents for H1 2016

Key priorities: identifies top priorities of industry executives operating in various regions

Purchase preferences: analyzing the purchasing behavior towards offshore equipment and investment allocations in the oil and gas equipment categories

Budget allocation: examining total procurement budget split between capital expenditure and operating expenditure, and tracking the changes in the budget for 2015 and expectations for 2016

ReasonsToBuy
Helps organizations to make effective business strategy by knowing the prevailing business conditions and sentiment within the oil and gas industry

Organizations will be supported in business expansion decisions by providing information about projected change in sales performance and supplier prices

Helps to improve operational efficiency of the organization by knowing about key priorities and major concerns of oil and gas industry executives

Helps to alter investment allocation by understanding key focus areas highlighted by survey respondents during H1 2016

Enables organizations to take key decisions on purchase preferences and investments in offshore equipment
Please Select Format

Need More Information

Contact us
+ 1-800-910-6452
+1-971-202-1575
+91 20 66346066
--- or ---
help@bigmarketresearch.com

 

UPCOMING MARKET RESEARCH REPORTS

North America Well Intervention Services Market - Opportunities and Forecasts, 2015 - 2020

Well intervention is an operation carried out on the gas or oil well to improve its performance and extend its lifespan. Operations performed in well intervention process include blowout recovery ...

July 2017  |   Price:$ 3390    | Pre Book Price:$ 3390

Read More >>

Africa Well Completion Equipment and Services Market - Opportunities and Forecasts, 2015 - 2020

Well completion is a process of making a drilled well ready for production. Well completion equipment reduces installation time, costs, and risks. Well completion services involve casing, perforating, cementing, gravel ...

July 2017  |   Price:$ 2850    | Pre Book Price:$ 2850

Read More >>

Asia-Pacific Well Intervention Services Market - Opportunities and Forecasts, 2015 - 2020

Well intervention involves operations carried out on the gas or oil well to improve its lifespan and performance. Some of the operations performed in well intervention process are blowout recovery ...

July 2017  |   Price:$ 3390    | Pre Book Price:$ 3390

Read More >>

World Environmental Monitoring Market - Opportunities and Forecasts, 2014 - 2020

The environmental monitoring market is driven by factors such as rapidly growing global population, development of policies & initiatives aimed to reduce environmental pollution caused to air, soil, and water ...

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

Africa Well Intervention Services Market - Opportunities and Forecasts, 2015 - 2020

Well intervention involves various operations performed to improve performance and extend lifespan gas or oil well. Operations performed in well intervention process are deployment perforating guns, blowout recovery operations, ...

July 2017  |   Price:$ 2850    | Pre Book Price:$ 2850

Read More >>

South America Oilfield Services Market - Opportunities and Forecasts, 2014 - 2020

Oilfield services include different oil related activities such as exploration, drilling, completion, stimulation, production, and intervention for fulfilling various purposes over the entire oil well exploration life cycle. The services ...

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

2017 © Copyright Big Market Research

View Pricing >>