Dallas, TX, March, 2015-- This report also examines executive opinions with regards to the current and future state of the economy and its effect on the industry. It analyzes the likely effect of supplier price changes, sales performance, and staff headcount within the industry over October–December 2014. This report provides an overview of the key priorities, threats, and opportunities for the global Oil and Gas industry over October–December 2014. Furthermore, the survey forecasts projected investment on offshore equipment, procurement budget allocations and the leading suppliers of offshore equipment in the oil and gas industry.
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Overall, 53% of Oil and Gas industry respondents state that they are operating in a stable economic environment, while 24% state that their current economic conditions are favorable. The majority of global Oil and Gas industry respondents anticipate positive growth for both their companies and the industry over October–December 2014. Industry respondents from Asia-Pacific expect the highest growth in sales volume in October–December 2014. Protecting and growing market share and improving operational efficiency are the most popular priorities by Oil and Gas industry executives operating across all regions. The majority of respondents from the Rest of the World are keen to purchase leased offshore equipment. Highest percentage of executives from North America and the Rest of the World expect to invest more than US$50 million for equipment purchases in 2014–2015. Respondents intend to allocate the biggest part of their procurement budget towards meeting operating expenses in 2014 and 2015.
This report is the result of an extensive survey drawn from exclusive panel of leading global Oil and Gas industry executives. The report analyzes current global economic conditions and their impact on the Oil and Gas industry, and forecasts the company and industry growth prospects over October–December 2014. It provides information about the impact of customer confidence, supplier prices, and staff headcount likely to affect investment decisions over October–December 2014. Additionally, the report includes the trends in the offshore equipment market, analysis of the procurement budget allocations and leading suppliers of offshore equipment.
Industry executives’ opinions about the current state of global economy: examining the prevailing economic conditions and executives’ opinions with regards to the global economy and the state of economic conditions in various regions. The growth prospects of companies and the industry as a whole: providing industry executives’ expectations on the growth prospects of their company and the Industry over October–December 2014. Change in customer confidence: analyzing Oil and Gas industry executives’ opinions on changes in customer confidence globally, over October–December 2014.Impact of supplier prices: determining the expected change in supplier prices across various categories and their impact on business confidence, and examines the key factors influencing the change. Change in staff headcount and sales performance: tracking the expected changes in staff headcount and sales among industry executives operating in various regions, over October–December 2014.
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Table of Contents
Methodology and sample size
State of the economy
Growth prospects and customer confidence
Supplier prices and levels of expenditure
Organizational outlook and strategy
Procurement budget and expenditure outlook
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