Deloitte Survey: Oil and Gas Executives See 2017 As a Year of Recovery

HOUSTON, Sept. 21, 2016 /PRNewswire/ — The two-year downturn in the oil and gas industry may be coming to a close. An annual survey released by Deloitte, “2016 Oil and Gas Industry Survey: Optimism Emerges in the Aftermath of a Long Downturn,” shows more than half (59 percent) of oil and gas professionals believe the recovery already has begun or will begin in 2017. While the current state of the market still leaves cost-containment initiatives a priority for oil and gas companies, executives nonetheless showed renewed confidence in an industry recovery. Executives pointed to expectations of rising prices, a return to increasing capital expenditures and headcount as drivers of their optimistic outlook.

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