Rising competition, retention or recruitment of skilled staff, market uncertainty, and responding to pricing pressure were the leading business concerns for the global oil and gas industry in 2013. Middle East, Brazil, India, China and Indonesia were forecasted to be the important emerging markets to offer growth in 2013. Capital expenditure towards facility expansion, machinery and equipment purchase and new product development was estimated to increase in 2013. The top three priorities for global oil and gas industry upstream oil and gas companies in 2013 were to expand in current market, improve operational efficiency and focus on sustainability.
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