Industry outlook for the oil and gas industry 2019
1: Resilient, confident, and ready to spend
Our research shows the oil and gas industry entering 2019 feeling resilient and ready to spend. Confidence in its growth prospects has more than doubled from 32% in 2017 to 76% now.
Most senior industry professionals that we have surveyed expect increases or stable capital and operating expenditure in 2019, and more large project approvals than in 2018. The US has the most improved outlook in A test of resilience, our report on the outlook for the industry in 2019.
We explore factors driving optimism, the locations and types of company where confidence is highest and lowest, and opinion on whether the market is now in a position for the entire value chain to succeed.