Friday, February 7, 2014
Why 2014 could be a Great Year for the Oil and Gas Industry
The Energy Report: James, welcome. What were the most significant takeaways for you from the Barclays Capital Conference in September?
James West: There were five major takeaways. Four of those were very positive. One was negative. The first was that the outlook for North America in 2014 has improved. We're getting some tailwinds from commodity prices, of course, but the oil companies that previously were gas companies have now arranged their drilling programs for 2014–2016 and are relaying that visibility to oil service companies that have been operating in North America in a fairly volatile environment for the last two years. Companies are much more optimistic on the outlook for 2014 in North America.
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Source: The Energy Report (www.oilprice.com)
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