October 2-3, 2019 | Houston Marriott Westchase | Houston, TX

The State of the Oil & Gas Industry

Oil & Gas Companies are coming off a big year and are now moving significant budgets towards innovative new digital technologies to better prepare for future market volatility. If there was ever a time to invest in your company by having a presence at OilComm, it’s now…
Spending is up across the board:
  • “Chevron boosts spending to $20 Billion, first increase since 2014.” (World Oil)
  • “Confidence across the energy industry is now where it was in 2010, when Brent soared to $95/bbl” (World Oil)
  • “BP more than doubles annual profit to $12.7 billion” (Reuters)
Oil & Gas Companies are investing HEAVILY in digital technologies: 
  • “89% of organizations say their investment in digital technologies will increase over the next two years.” (EY)
  • “Global oil and gas executives are preparing to accelerate investment in digital technologies, primarily with an objective of doubling down on their cost-saving ambitions, as the market volatility of 2018 spills over into 2019” (Forbes)
  • “The dependence of the oil and gas industry on automation has increased in the last decade, and this is expected further to double by 2020” (Forbes)
  • “Global IoT in Oil and Gas Market to Reach $39.40 Billion by 2023” (NewsOK)
OilComm originated from the offshore sector, so our base community is expecting a big year:
  • “The global energy sector should see more than 100 offshore projects authorized in 2019 for the industry’s first uptick in profits in four years” (Houston Chronicle)
  • “About $210 billion should be spent on offshore energy services in 2019” (Houston Chronicle)
Put Simply, We’re Excited for 2019

OilComm is where oil & gas companies come to learn about innovative, high-performing digital technologies that meet their demands today AND tomorrow! Want to be showcased as an innovative company in front of the energy industry? Then you need a presence at OilComm!

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David Muirhead | +1-484-869-2378 | dmuirhead@accessintel.com
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