Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact email@example.com.
NEW YORK, Feb. 26, 2014 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Oil and Gas Business Confidence Report Q1 2014
"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 Landscapes
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.
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: Oil and Gas Business Confidence Report Q1 2014
Contact Clare: firstname.lastname@example.org
Intl: +1 339-368-6001
©2012 PR Newswire. All Rights Reserved.