Oil and gas Business Confidence Report Q1 2014 is a new report by Kable that analyzes oil and gas industry executives' views on the global economy, expectations on customer confidence, supplier prices, key business concerns, and how executives' future investments are set to change in Q1 2014. This report also gives you access to regional analysis of industry outlook, industry and company growth prospects, future opportunities, staff hiring, sales performance, and procurement budget allocation, and expenditure outlook. Apart from providing access to the opinions and strategies of global oil and gas industry executives, it also examines their actions surrounding business priorities, threats and opportunities, and future investment areas over the next six months. Moreover, this report provides a comparative analysis of survey results with Q4 2013 wherever applicable.
Introduction and Landscape
* Why was the report written?
- This report is the result of an
extensive survey drawn from Kable's exclusive panel of leading global oil and
gas industry executives. The report analyzes current economic conditions
prevailing across the globe and their impact on the oil and gas industry, and
forecasts company and industry growth prospects over the next six months.
Furthermore, it provides information about the impact of customer confidence,
supplier prices, staff headcount, and procurement budget and expenditure likely
to affect the investment decisions of the industry over the next six months.
Additionally, this report tracks the change in executives' perceptions during
the last three months, by providing a comparative analysis of survey results
with the previous quarter.
* What is the current market
landscape and what is changing?
- Overall, 69% and 65% of global oil
and gas industry executives are optimistic about the future growth prospects of
both their company and the industry, respectively, over the next six months.
Optimism towards both company and industry growth prospects has reduced in Q1
2014, compared to Q4 2013 results.
* What are the key drivers behind
recent market changes?
- Optimism towards industry and
company growth has reduced due to factors such as continuation of the Euro-zone
crisis, rising exploration costs, new competition, and lack of political
stability or social unrest in areas of operation.
* What makes this report unique and
essential to read?
- Oil and gas Business Confidence
Report Q1 2014 is a new report by Kable that analyzes the industries sentiments
globally on the latest economic and customer issues, and their impact upon
investment decisions and growth prospects within the oil and gas industry. This
report also examines the executive opinion about the current and future state
of the economy and its retrospective effect on the industry. Furthermore, it
analyzes the likely effect of supplier price changes, sales performance,
procurement expenditure outlook, and staff headcount within the industry over
the next six months. In addition, it provides an overview of the key
priorities, threats, and opportunities for the global oil and gas industry over
the next six months. Furthermore, it also tracks the change in industry
executives' thought process, by providing a comparative analysis of survey
results with Q4 2013, wherever applicable.
Key Features and Benefits
* Project industry trends and
industry growth expectations in the next six months, and understand business
confidence to make informed business decisions.
* The report drives revenues by
understanding future product investment areas and key growth regions.
* Readers will be provided with a
clear uncovering of key challenges and opportunities, and identify the key
priorities likely to affect growth prospects of the industry.
* The report clearly forecasts the
change in supplier prices for various products and procurement budgets of oil
and gas companies which are likely to influence the industry's growth prospects
over the next six months.
* Identifies the major changes in
customer confidence levels in the oil and gas industry over the next six
months.
Key Market Issues
* According to oil and gas industry
respondents, the present economic conditions in Africa and East Europe are
deemed to be unfavorable. In the Q4 2013 survey, West Europe was highlighted as
the most unfavorable.
* New government
proposals/legislation and the state of the global economy are the key concerns
among global oil and gas industry executives.
* Survey respondents forecast that
supplier prices for power and energy will increase at an average of 4%, with
those from North America expecting the biggest rise.
* In total, 40% of global oil and
gas industry executives anticipate either 'no change' or a 'negative change' in
customer confidence over the industry, in the next six months.
* Industry executives exhibit lower
levels of optimism towards both company and industry growth prospects for the
next six months compared to last quarter.
Key Highlights
Of respondents, 64% anticipate a
positive change in the global economic outlook over the next six months. In
comparison to the previous quarter, the percentage of respondents who expect a
positive change has increased slightly.
Oil and gas industry executives plan
to increase investments in the areas of IT and research and analysis in the
next six months.
Oil and gas executives from North
America anticipate the highest increase in both staff head count and sales, at
an average of 4% and 6.2% respectively, over the next six months. Executives
from the Rest of the World expect the smallest increase in staff head count and
sales at an average of 2.6% and 3.5% respectively, in the next six months.
Companies plan to spend more on
services, and equipment and machinery in 2014, with the highest spend of the
services budget going towards construction and engineering services, and
consulting and training services.
Executives operating across the
globe consider 'increasing sales', 'improving operational efficiency',
'protecting and growing market share', and 'customer retention' as key
priorities over the next six months.
To order this report:
Email: support@researchonglobalmarkets.com
US:
+1 800 986 6819
UK: +44 203 514 2363
India: +91 22 4098 7600
SOURCE: Researchonglobalmarkets.com
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