Oil and gas contractors buoyed by election result

Offshore staff

ALTRINCHAM CHESHIRE, UK – A recent survey carried out by NES Global Talent found that most oil and gas contractors believe that the results of the recent US election will be positive for the oil and gas industry.

Some 48% stated they personally felt positive about the result, and 63% thought it would have a positive effect on the oil and gas industry.

Respondents from the United States were even more positive, with almost 70% stating it was a positive result and 78% feeling it would be good news for the US oil and gas industry, and would create more jobs in the sector.

Some 64% of US respondents felt more confident about their job prospects in the sector as a result of the election, compared to 44% of all respondents.

Survey respondents believe that Donald Trump’s victory in the presidential campaign could lead to a significant shift in US domestic energy policy, and reignite growth in the sector. Regulatory impediments look likely to be removed, and there could be scant government support for those blocking infrastructure projects, leaving the path open for new pipeline and other infrastructure projects to move forward.

11/22/2016

 

 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Reach New Heights: Six Best Practices in Planning and Scheduling

These 6 best practices have created millions of dollars in value for many global companies. Learn...

Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...