Global Oil and Gas Survey 2013-2014: Market Trends, Buyer Spend and Procurement Strategies in the Global Oil and Gas Industry

The global oil and gas industry is feeling a swell of optimism thanks to increasing demand from developing nations such as India, Bangladesh, Burma and Nigeria, and the discovery of new shale gas reserves: 60% of the respondents – from across this industry – in its ‘Global Oil and Gas Survey 2013-2014’ are optimistic about revenue growth in 2013, compared to 57% of the respondents in 2012.

 

Uniquely positioned to provide compelling, actionable market intelligence thanks to its exclusive panel of leading industry executives, we are able to combine research on general industry drivers with expert’s attitudes and behaviours, making its ‘Global Oil and Gas Survey 2013-2014’ required reading for those serious about reacting to market trends and capitalising on opportunities in the global oil and gas industry.
The report includes analysis of companies’ revenue growth projections, mergers and acquisition activity, capital expenditure changes, leading business concerns, procurement expenditure trends, and factors for supplier selection.

Some key insights include:

• 54% of executives are anticipating a ‘significant increase’ or ‘increase’ in merger and acquisition activity in 2013.
• The Middle East, Brazil, India, China and Indonesia are the most important emerging markets in the global oil and gas industry.
• The average annual procurement budget of global oil and gas industry buyers is expected to decrease in 2013.
• Level of service’, ‘price’, and ‘existing relationship with supplier’ are considered critical factors for supplier selection by global oil and gas industry buyers