Oil and Gas Business Confidence Report Q4 2014

Date: 2015-08

“• 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.”

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