IN DATA
Mentions of AI decreased by 61% in the oil & gas industry in Q4 2022
Oil and gas mergers and acquisitions decreased by 14% in Q4 2022
Image: Offshore worker inspecting barrels. Credit: noomcpk via Shutterstock
Mentions of AI decreased by 61% in the oil & gas industry in Q4 2022
Oil and gas mergers and acquisitions decreased by 14% in Q4 2022
Image: Offshore worker inspecting barrels. Credit: noomcpk via Shutterstock
Computer and mathematical occupations jobs accounted for a 55% share of the global oil and gas industry’s cloud-related total new job postings in Q4 2022, down 18% over the prior quarter.
Computer and mathematical roles, with a share of 55%, emerged as the top cloud-related job roles within the oil and gas industry in Q4 2022, with the number of new job postings dropping by 18% quarter-on-quarter. Management occupations came in second with a share of 11% in Q4 2022, with new job postings dropping by 26% over the previous quarter.
The other prominent cloud roles include business and financial operations occupations, with an 8% share in Q4 2022, and architecture and engineering positions, with a 6% share of new job postings.
The top companies, in terms of number of new job postings tracked by GlobalData as of Q4 2022, were Master Builders Solutions Deutschland, Koch Industries, BASF, Fugro and Sherwin-Williams. Together they accounted for a combined share of 33% of all cloud-related new jobs in the oil and gas industry.
Master Builders Solutions Deutschland posted 467 cloud-related new jobs in Q4 2022, Koch Industries 382 jobs, BASF 90 jobs, Fugro 76 jobs and Sherwin-Williams 69 jobs, according to GlobalData’s Job Analytics.
The largest share of cloud-related new job postings in the oil and gas industry in Q4 2022 was in the US with 45.8%, followed by Germany (15.5%) and India (9.4%). The share represented by the US was around ten percentage points higher than the 36.2% share it accounted for in Q3 2022.
The global oil and gas industry experienced a 61% drop in company filings mentions of AI in Q4 2022 compared with the previous quarter. Despite this, Devon Energy saw the highgest proportionate increase, according to GlobalData’s analysis of over 96 oil and gas company filings.
Notably, AI was one of the most frequently referenced themes in Q4 2022, ranking highest in terms of mentions, ahead of environment and internet of things, according to GlobalData.
Of the 50 leading companies in the oil and gas industry, Devon Energy had the greatest increase in references for artificial intelligence in Q4 2022, compared with the previous quarter. GlobalData identified three AI-related sentences in the company's filings - 3% of all sentences - and an increase of 100% in Q4 2022 compared with Q2 2022.
For four companies – Baker Hughes, Halliburton’s, Reliance and Tourmaline Oil – their mentions of AI rose in exactly the same manner, from zero to one.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for AI in Q4 2022 was 98.
Mentions of AI decreased by 61% in the oil & gas industry in Q4 2022
Oil and gas mergers and acquisitions decreased by 14% in Q4 2022