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DNV GL’s latest industry outlook for oil and gas highlights that the recent price stability is driving renewed optimism for oil and gas in 2018. 63 per cent of senior industry professionals they surveyed are confident of growth in the year ahead—almost double (32%) from 2017. In line with this, the industry is willing to spend again. According to the report, two-thirds of the respondents plan to maintain or increase capital expenditure with R&D and innovation being the biggest winner.
Find out more about the key trends from DNV GL’s Confidence and Outlook, an industry benchmark study on the outlook for oil and gas industry in 2018.
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