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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    International report: Oil industry is on its way to recovery

    Rocky
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    • Post n°1

    Industry - International report: Oil industry is on its way to recovery Empty International report: Oil industry is on its way to recovery

    Post by Rocky Thu 01 Nov 2018, 2:19 am

    Industry - International report: Oil industry is on its way to recovery 721664_Med

    International report: Oil industry is on its way to recovery



    The world's oil industry is now recovering from years of caution and deflation due to falling prices and market volatility, the report said, noting that oil and gas companies are largely optimistic about the 2019 outlook.
    "Based on a survey conducted by Deloitte, industry executives are increasingly optimistic that a more favorable business environment will emerge," said the report - on investment and drilling activities in the oil sector.
    The report pointed out that the most positive expectations appear when it comes to capital spending and investment growth, with 71 per cent of the respondents expecting a substantial growth in capital expenditure compared to 34 per cent in 2017, stressing that growth in upstream projects will be the main driver of the overall change in industry Oil.
    Most of the optimistic forecasts came from rising production from the Permian region on the US Gulf coast, which is the world's main oil production hub, which 62 percent of respondents considered a center for growth in production and investment next year.
    In the refining sector, the RegZon report expects refineries to grow well in 2019 with average profit margins rising compared to 2017.
    The report noted that there is still some uncertainty for some companies that focus on upstream projects which appear to be more concerned with short-, medium-term and not long-term strategies, pointing to the expectation of increased exploration spending and the increase in the number of employees with good increases in capital exceeding 52 per cent.
    "The oil industry is much better than last year and there have been positive feelings in all sectors," he said, adding that the real bright spot is in the manufacturing and chemical industries.
    The report pointed out that the majority of companies are convinced that there are better days in the future, but deals more cautiously with the market because of some difficulties such as increasing restrictions on US pipelines and rising geopolitical tensions, and high oil prices may also lead to higher costs and services in industry generally.
    The report argues that with the continued growth and technological development, digital technologies can become vital to enhance productivity and expand margin of profitability, pointing to the presence of a number of technologies with the greatest impact in the oil and gas industry and chemicals in the coming years, including advanced analysis, energy storage and efficiency, high performance computing and operations Mechanism and digital design.

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