The outlook for the oil and gas industry in 2020

About the research

New Directions, Complex Choices is an industry benchmark study on the outlook for the oil and gas industry in 2020, published by DNV GL. The study was launched in 2011 and is now in its 10th year. Each edition builds on the findings of previous research.

Assessing oil and gas professionals’ confidence, sentiment, and priorities

This report assesses industry sentiment, confidence, and priorities, and provides expert analysis of the key challenges and opportunities facing the industry in the year ahead. It is based on a global survey of senior industry professionals and executives, along with in-depth interviews with a range of experts, business leaders, and analysts. This year, more than 1,030 people participated in the survey, the highest number ever in the decade the survey has been running. The research was conducted during late October and early November 2019 and was carried out by teams from DNV GL, Longitude, and Kantar.

The organizations surveyed vary in size: 38% had annual revenue of USD 500 million or less, while 24% had annual revenue in excess of USD 5 billion.

Respondents were drawn from across the oil and gas value chain, including publicly listed companies and privately held firms. They represent a range of functions within the industry, from board-level executives to senior engineers.