Global Oil and Gas Business Confidence Report Q4 2013

Published: November 2013
No. of Pages: 43
    ReportsandReports

Synopsis

"Oil and Gas Business Confidence Report Q4 2013" is a new report by Kable that analyzes the industry sentiments, globally, on the latest economic and consumer 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 affect on the industry. Furthermore, it analyzes the likely effect of supplier price changes, sales performance, 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.

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 also provides information about the impact of consumer confidence, supplier prices, and staff headcount likely to affect the investment decisions of the industry over the next six months.

What is the current market landscape and what is changing?

Overall, 73% and 63% of respondents expressed positive outlook for both company and industry growth prospects, respectively, over the next six months.

What are the key drivers behind recent market changes?

'Increasing sales', 'improving operational efficiency', and 'customer retention' are the most preferred priorities by industry executives operating globally.

What makes this report unique and essential to read?

"Oil and Gas Business Confidence Report Q4 2013" is a new report by Kable that analyzes the industry sentiments, globally, on the latest economic and consumer 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 affect on the industry. Furthermore, it analyzes the likely effect of supplier price changes, sales performance, 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.

Key Features and Benefits

  • Project the current and future operating conditions of oil and gas industry, and make informed business decisions.
  • Drive revenues by understanding the present and future economic and consumer issues including the key growth regions.]
  • Uncover key challenges and opportunities, and identify the key priorities likely to affect the growth prospects of the industry.
  • Forecasts the change in supplier prices of various products likely to influence the industry's growth prospects over the next six months.
  • Identifies the change in consumer confidence levels in the oil and gas industry over the next six months.

Key Market Issues

  • Globally, 42% of respondents state that they are operating in a 'stable' economic environment, while 36% state that the current economic conditions are 'favorable' or 'very favorable'.
  • Industry executives across the globe highlight the state of the global economy and new government legislation in their area of operations as key concerns over the next six months.
  • The majority of executives portray an optimistic outlook about industry confidence during the next six months.
  • Overall, 'increasing sales' and 'improve operational efficiency' are the most preferred priorities by executives operating across all four regions.
  • Executives forecast that 'power and energy' prices will rise by 4.2% over the next six months.

Key Highlights

  • Across the global oil and gas industry, executives operating in the Rest of the World forecast the highest increase in staff hiring activities over the next six months.
  • An analysis of responses by oil and gas industry executives reveals that North America is forecast to witness the highest sales growth of 5.5% over the next six months.
  • Regardless of region, 'global economy' was highlighted as a key concern that could impact the company's performance over the next six months by executives.
  • 'Marketing' and 'new facilities' will be the two areas where industry executives expect to increase expenditure the most over the next six months.
  • Executives project that in order to combat global challenges, increasing sales and improving operational efficiency are essential.

Published By: Kable Global ICT Intelligence
Product Code: Kable Global ICT Intelligence47


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