Amidst market slowdown, Q1 2016 has started slowly with only USD 12.8bn worth of project spends. With little likelihood of a significant rise in crude oil prices in the near future, 2016 will certainly prove to be a challenging year for oil companies
Amidst market slowdown, Q1 2016 has started slowly with only USD 12.8bn worth of project spends. With little likelihood of a significant rise in crude oil prices in the near future, 2016 will certainly prove to be a challenging year for oil companies
With oil prices sinking to new lows of USD 30/bbl and GCC countries implementing new reforms, project owners in the region are expected to face another challenging year
Q3 2015 experiences c.USD 26bn project spends despite market uncertainty. With project owners facing numerous hurdles, Q4 could prove to be a challenging quarter