85 percent of US energy executives are optimistic about the industry’s growth prospects in 2019.
Source: www.cnbc.com
Despite a sharp fall in crude prices over the past few months, the global and U.S. outlook for oil & gas in 2019 looks robust, as per the annual study by DNV GL. While global confidence in the outlook for 2019 more than doubled to 76% from 32% in 2017, U.S. confidence rose to 85% compared to 60% in 2018. American executives were optimistic about growth in the sector and believed there were reasons to expect an increase in drilling in 2019. Barriers to growth could be the lack of skilled workers at the industry’s disposal as the survey revealed more than a third of U.S. executives plan to increase their headcount in 2019, compared to 20% last year.
