Future of Work in Oil and Gas: Strategic Intelligence

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

Future of work technologies are dramatically changing how work is performed in the oil and gas industry. As these technologies continue to develop, they will likely be used in tandem. The impact of future of work technologies in oil and gas is already significant and will only grow in the coming years.

The future of work is transforming the oil and gas industry > Future of work technologies are dramatically changing how work is performed in the oil and gas industry. As these technologies continue to develop, they will likely be used in tandem. Combinining automation with Internet of Things (IoT) or artificial intelligence (AI) technologies enables the collection and analysis of data, facilitating predictive maintenance and uninterrupted production, and can aid exploration through seismic data analysis. Consequently, the skillset required in the oil and gas sector is changing. Proficiency in digital tools will become essential for workers, while the significance of manual labor skills will diminish as automated systems take on these tasks.

Automation is key for health and safety > Integrating automation technologies can significantly improve health and safety in a notoriously hazardous industry. In remote and offshore locations, robotics and drones can mitigate risks associated with heights, accessing equipment, and exposure to toxic chemicals and gases. Fully automated systems operate continuously, leading to increased productivity and cost savings. Automation enables real-time monitoring and control from a centralized location, supporting remote asset management. This not only improves operational visibility but also facilitates prompt decision-making and intervention in case of emergencies or anomalies.

Digital twins are enhancing operational efficiency > Digital twins allow companies to monitor, analyze, and optimize their operations in real-time. By integrating data from sensors, equipment, and processes, digital twins provide a comprehensive view of assets, enabling predictive maintenance and performance optimization. This technology helps companies identify potential issues before they occur, reducing downtime and maintenance costs. BP has estimated that optimization analysis, which used to take more than a day, can now be performed in 20 minutes because of the use of digital twins.

Scope

This report provides a comprehensive analysis of the future of work in the oil and gas industry including:

– How future of work technologies will solve four key oil and gas industry challenges

– Which future of work technologies companies across the oil and gas industry value chain should invest in, explore, and ignore

– Leading adopters and specialist vendors of future of work technologies in the power industry

– Case studies

– M&A, hiring, and company filing trends

– A thematic scorecard ranking major oil and gas companies in the future of work

Key Highlights

The oil and gas industry is currently under pressure from fluctuating oil prices, increasing regulatory requirements, and the energy transition. Future of work technologies could give companies a competitive advantage and allow them to circumvent these challenges. Key technologies that should be prioritized include AI, IoT, connectivity, and robotics, which can significantly enhance operational efficiency and safety.

Automation can help improve health and safety in the oil and gas industry by reducing the need for human intervention in high-risk tasks. Robots are increasingly used for tasks such as pipeline inspection, maintenance of equipment in confined spaces, and handling of hazardous materials.

The oil and gas industry is facing a workforce shortage. As older workers retire, digital technologies are crucial for knowledge retention. AR headsets allow oil and gas companies to document maintenance and repair tasks, which will be vital in training the next generation of workers.

Reasons to Buy

GlobalData's strategic intelligence ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors.

This report is essential reading for senior executives to understand how the oil and gas industry will be transformed by future of work technologies, ensuring your company does not get left behind.

3D Systems (DDD)
ABB
Aker Solutions
ADNOC
Aize
Alibaba
Alphabet
Andium
ANYbotics
Amazon
Apple
Autodesk
AT&T
Avathon
Baker Hughes
Baker Industries
Baidu
BP
Bidgely
Bosch
Caterpillar
Celona
Chevron
Cloudera
Cisco (Webex)
CNPC
Cyberhawk
Dassault Systèmes
DJI
Ecopetrol
EDF
Eni
Epiroc
Emerson
Equinor
ExxonMobil
Fugro
FANUC
Gazprom
GM (Cruise)
Halliburton
Honeywell
Huawei
Hyundai (Boston Dynamics)
IBM
Kuwait Petroleum
Lenovo
Liebherr
Lukoil
Merge Labs
Midea (KUKA)
Microsoft
Microsoft (Teams/365)
Midjourney
MOL
NIOC
NICE
Nesh
Nvidia
OMV
Oceaneering
OpenAI
Parrot
Petrobas
Petronas
PKN Orlen
PDVSA
Repsol
Reliance Industries
Rockwell Automation
Rokid
Rosneft
Samsung Electronics
Saudi Aramco
Sasol
Schneider Electric
Schneider Electric (Aveva)
Shell
Siemens
SLB
Salesforce
Salesforce (Slack)
Seeq
Stem
Suncor
Tatneft
Tesla
Teradyne
TotalEnergies
UiPath
Uplight
Verizon
Vuzix
YPF
Xiaomi
Yuneec
XenonStack

Table of Contents

Executive Summary

Players

GlobalData's Future of Work Framework

The Impact of the Future of Work on Oil and Gas

Case Studies

The Future of Work Timeline

Signals

Companies

Sector Scorecard

Glossary

Further Reading

Our Thematic Research Methodology

Future of Work in Oil and Gas: Strategic Intelligence thematic reports
Currency USD
$995

Can be used by individual purchaser only

$1,995

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Download FREE Resources

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Sample Report

Future of Work in Oil and Gas: Strategic Intelligence was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Future of Work in Oil and Gas: Strategic Intelligence in real time.

  • Access a live Future of Work in Oil and Gas: Strategic Intelligence dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.