We’re nearing completion of our 2015–2020 CTRM Market Outlook, a report that includes a full market sizing and is based upon both the current performance of more than 80 vendors and the impacts of macro market trends on their future performance. Among the many trends we look at is the influence of commodity prices on sales of new systems. While prices for almost all commodities are down over the last six months, none has had a bigger impact that the 60% decline in oil prices that began in earnest in the 4th quarter of last year. For producers, the impact of the decline has been immediate. We are aware of a number of new system selection projects at oil and gas producers that were underway late last year (or in the first couple of months of this year) that have been put on indefinite hold. That’s not to say there will be no deals in this segment (which accounts for about 13% of the total vendor market) in 2015. In fact, several large deals are continuing to progress. But, unless there is a dramatic reversal in the oil price trend very soon, we do expect oil and gas producers to … continue reading
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