Oil and Gas Business Confidence Report Q4 2014

“• 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.”

“Methodology and sample size
Confidence indexes
State of the economy
Growth prospects and customer confidence
Supplier prices and levels of expenditure
Organizational outlook and strategy
Procurement budget and expenditure outlook
Appendix”