2017 oil and gas industry executive survey - deloitte us€¦ · 2017 oil and gas industry...

2017 oil and gas industry executive surveyTrends show a pause in industry confidence

The overall industry has become more cautious once again.

2017 oil and gas industry outlook overview


Since last year, oil and gas price expectations have softened.

Prices


Capital spend across the industry is expected to slow.

Capex


Industry caution still leaves M&A activity in a holding pattern.

M&A


Perhaps unusually, broader economic expectations seem to be a lesser factor in current industry confidence.

GDP


Capital spending might be the strongest clue.

Which sector appears the most confident?


Upstream


2015 and early 2016 saw sharp declines in employment. After recent stability, is headcount attrition over?

Headcount


With more uncertainty, cost control is still critical.

Costs


Rig deployment expectations are another indicator of caution.

Rigs


The upstream sector is more likely to be exposed to business environment risks.

Policy or geopolitical issues


Near-term strategic priorities are all responding to the slow pace of the recovery.

Strategic priorities


Midstream


The midstream sector is well positioned for growth after the downturn.

Growth drivers


Controlling costs remains critical as the pace of the recovery has slowed.

Challenges


New infrastructure needs will provide opportunities when the recovery accelerates.

Opportunities


Downstream


The downstream sector is expecting a slow down of exports to global markets.

Refined product exports


A number of factors contribute to demand uncertainty.

Demand


Controlling costs remains critical as the pace of the recovery has slowed.

Challenges


Demand factors still dominate identified opportunities.

Opportunities


Key takeaways


About the survey

Deloitte, together with the research firm Harrison Group, a YouGov company, undertook the 2017 US oil and gas industry survey (the “2017 survey” or “survey”) in the summer of 2017. The survey explores the near-term outlook of oil and gas professionals across all sectors of the industry. The findings cover survey respondents’ expectations for the remainder of 2017 and 2018, including: key areas of business and market environment, strategic priorities, and challenges and opportunities down the oil and gas value chain.

The survey consisted of over 250 structured interviews with industry professionals with experience ranging from five to more than thirty-one years, and from all four oil and gas industry subsectors: upstream, oilfield equipment and services, midstream, and downstream.

Read survey findings from past years:

2016 oil and gas industry survey

2014 oil and gas industry survey


https://www2.deloitte.com/content/dam/Deloitte/us/Documents/energy-resources/us-er-2016-oil-and-gas-industry-survey.pdf

https://www2.deloitte.com/content/dam/Deloitte/us/Documents/energy-resources/us-er-2014-deloitte-oil-and-gas-survey-11182014.pdf

John England

Vice Chairman | US Energy & Resources Leader [email protected] +1 713 982 2556 @JohnWEngland

Andrew Slaughter

Executive Director | Center for Energy Solutions [email protected] + 1 713 982 3526

Let’s talk


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