Key business priorities: examines the oil & gas companies’ important priorities for H1 2016

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Oil Gas Industry Business Outlook and
Procurement Report H1 2016
Published on 30 April, 2016 Number of pages
47 Single User Price 1950
The research methodology used to estimate and
forecast Oil Gas Industry Market begins with
capturing data on key vendor revenue through the
secondary research.
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Summary of the Report Introduction   Amid
growing market uncertainty, pricing pressures and
falling demand, organizations within the oil
gas industry are planning to increase focus on
improving operational efficiency, expanding in
current market, and strengthening sustainability
framework. Mergers and acquisitions are expected
to increase within the oil gas industry with
emerging markets such as the Middle East, China,
and India offering prominent growth
opportunities. Over one-third of oil gas
industry executives indicate average expenditure
of less than US1 million for drilling outfit and
tool equipment. Additionally, 50 of global oil
gas industry business executives from large
companies expect a surge in capital expenditure
on machinery and equipment purchase in H1 2016.
Furthermore, large and small companies highlight
a decline in revenue contribution towards the oil
gas equipment market within Middle East
Africa from 2016 to 2020.
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• Topics Covered in this report
• Key Findings
• Improving operational efficiency and expansion in
  current market are the top priorities for oil
  gas industry executives over the next six
  months
• Overall, 52 of executives expect the US to offer
  a significant boost to the oil gas industry
  over the next six months
• The majority of respondents project a significant
  increase or increase in MA activity in H1 2016
• Market uncertainty, responding to pricing
  pressure, and falling demand are the pressing
  business concerns for global oil gas industry
  executives
•  

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• The highest percentage of respondents operating
  in the Rest of the World and Asia-Pacific
  indicated preference for outright purchase of
  offshore equipment of respondents, 50 anticipate
  no change in capital expenditure on offshore
  equipment within Latin America in 2020
• Synopsis
•  
• MIRs Oil Gas Industry Business Outlook and
  Procurement Report H1 2016 examines executives
  opinion on the business outlook and procurement
  activities over AprilSeptember 2016.
  Organizations can know about key business
  priorities, supplier price variations, changes in
  capital expenditure, and the key equipment
  categories with highest revenue contribution to
  the oil gas industry. Additionally, it provides
  information categorized by region and company
  type.

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• What else does this report offer?
•  
• Key business priorities examines the oil gas
  companies important priorities for H1
  (AprilSeptember) 2016
• Emerging and developed markets provides
  information about key emerging and developed
  markets that will offer the most growth over H1
  2016
• Change in MA activity analyzes oil gas
  industry executives opinion on changes in merger
  and acquisition activity globally
• Business concerns identifies major business
  concerns that are likely to impact oil gas
  companies
• Change in capital expenditure tracks the
  expected change in capital expenditure both
  globally and regionally
•  

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• Purchase preferences analyzing the purchasing
  behavior towards oil gas equipment and
  investment allocations in the oil gas equipment
  categories
• Budget allocation examining the total
  procurement budget split between capital
  expenditure and operating expenditure, and
  tracking the changes in the budget for 2016 and
  expectations for 2017
• Equipment categories highlights the key
  equipment categories with the highest revenue
  contribution to the oil gas industry from
  20162020

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Reasons to Buy   Highlights key business
priorities thus helping oil gas companies to
realign business strategy Develop or adjust
business expansion plans by knowing about
significant growth offering emerging and
developed markets Make changes in procurement
budget allocations through procurement budget
projections anticipated by executives for
AprilSeptember 2016 Helps to alter investment
allocation by understanding key focus areas
highlighted by survey respondents during H1
2016 Enables organizations to make key decisions
on purchase preferences and investments in oil
gas equipment
Inquiry Before Buying
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Oil Gas Industry Business Outlook and
Procurement Report H1 2016
A detailed qualitative analysis of the factors
responsible for driving and restraining growth of
the Oil Gas Industry Market and future
opportunities are provided in the report.
Contact 1-302-684-6088 sales_at_marketintelreports.c
om www.marketintelreports.com
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Outlook and Procurement Industry H1 Report