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What The Oil Price Decline Means For EH&S Software Spending

Date: 16 January 2015

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 7 pages

Executive Summary

Oil prices fell to a six year low of below $50 per barrel in January 2015 and are expected to stay low throughout the year. There are serious ramifications for EH&S software suppliers as the oil and gas sector is their largest customer segment. The low oil price will curb new project activity and curtail software firms’ revenue growth in 2015. This report helps executives at EH&S software suppliers to understand how to adjust their go-to-market strategy in 2015 and 2016. Verdantix believes that EH&S software suppliers should consider switching their marketing efforts from oil and gas towards sectors benefiting from the lower oil price, target chemicals firms for enterprise-scale upgrades and look for opportunities in emerging economies.

TABLE OF CONTENTS

WHAT THE OIL PRICE DECLINE MEANS FOR EH&S SOFTWARE SPENDING

Oil And Gas Firms Respond To Price Crash With Spending And Job Cuts
Oil And Gas Spending On EH&S Software Is Dampened Through Fewer Projects
Lower Oil-Related Input Costs Will Stimulate EH&S Software Spending By Other Sectors
Software Vendors Need To Review Their Go-To-Market Strategy For 2015 And 2016

 

ORGANIZATIONS MENTIONED

BP, Concho Resources, ConocoPhillips, Continental Resources, Dow Chemical, E2 ManageTech, EPA, ERM, Gensuite, Halliburton, Helmerich & Payne, Hercules Offshore, IEA, IHS, International Air Transport Association, KMI, Marathon Oil, MetricStream, National Oilwell Varco, OSHA, Pemex, SAP, Schlumberger, Shell, US Federal Bureau of Labor Statistics, Weatherford International