COVID-19 Impact on Oil and Gas Industry | Offshore Technology
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COVID-19 impact on Oil & Gas

The COVID-19 outbreak has now spread around the world, leaving a trail of destruction in its wake. The pandemic has already changed how we work and how we live our lives. Many of these changes will have long-term implications. Companies in every sector, including Oil & Gas, will need to adopt new technologies and new ways of working as they adapt to these new realities.

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Calls for Russia to boost gas supply and solve energy crisis have been ignored

Natural gas firm Gazprom has failed to increase supply to Europe, causing concern that Russia is exploiting the supply crisis.

Deal trends in the Oil & Gas sector during COVID-19

Offshore Technology’s COVID-19 deal tracker monitors deals that took place across the Oil & Gas sector during the pandemic.

Deals trends in the Oil & Gas Sector: Q1 2020 – Q3 2021

2,693 Asset Transaction

Total Value US$m: 286,825.8
YOY Change: 28.0%

1,526 Acquisition

Total Value US$m: 427,083
YOY Change: 38.3%

1,445 Debt Offering

Total Value US$m: 878,070.4
YOY Change: -22.1%

1,318 Equity Offering

Total Value US$m: 151,118.2
YOY Change: 11.8%

435 Venture Financing

Total Value US$m: 6,315.4
YOY Change: 9.2%

333 Partnership

Total Value US$m: 1,711.8
YOY Change: -

148 Private Equity

Total Value US$m: 118,345.2
YOY Change: -3.1%

84 Merger

Total Value US$m: 45,178
YOY Change: 127.1%

Innovation in the Oil & Gas sector during COVID-19

To best track innovation in response to COVID-19’s impact on the Oil & Gas sector, Offshore Technology tracks the patent applications, as well as the patent applicants throughout the COVID-19 pandemic.

Number of patents in the Oil & Gas sector: 2018 – 2021

The COVID-19 patents tracker in the Oil & Gas sector monitors the patent applications pre- and post-outbreak.

Note: Application counts are based on publications. Patent applications which are not published yet are not considered for analysis. Publication may take up to 18 months from the application of patents.

Top Patent Applicants in the Oil & Gas sector: Pre-COVID-19 (Filing Year 2018 – 2019)

Offshore Technology patent ownership data monitors the patent applicants in the sector before the COVID-19 outbreak.

Top Patent Applicants in the Oil & Gas sector: Post-COVID-19 (Filing Year 2020 – H1 2021)

Offshore Technology patent ownership data monitors the patent applicants in the sector after the COVID-19 outbreak.

Note: Application counts are based on publications. Patent applications which are not published yet are not considered for analysis. Publication may take up to 18 months from the application of patents.

Number of COVID-19 mentions in filings in the Oil & Gas sector: Q1 2020 – Q2 2021

Offshore Technology tracks thousands of companies and their annual and quarterly filings. Our analysis monitors the mentions of COVID-19 in those filings during the pandemic.

COVID-19 versus top 5 Themes in Oil & Gas

Offshore Technology compares COVID-19 mentions in filings with other top themes in filings data during the pandemic.

Top 10 companies with COVID-19 mentions in filings

Offshore Technology tracks which Oil & Gas companies mention COVID-19 in filings the most during the pandemic.

Jobs insights in the Oil & Gas sector during COVID-19

Offshore Technology monitors live Oil & Gas company jobs postings to assess the impact of COVID-19 on the sector.

Most active Oil & Gas companies: Jobs

Offshore Technology’s Oil & Gas jobs tracker lists Oil & Gas companies with the most jobs posted during the COVID-19 period.

Most Active Oil & Gas Companies with Jobs – Q4, 2020

Offshore Technology’s oil & gas jobs tracker lists oil & gas companies with most jobs posted in the past quarter.

Oil & Gas influencer discussions on COVID-19

Offshore Technology tracks the mentions of COVID-19 by leading Oil & Gas influencers on Twitter. The chart indicates the volume of tweets and influencers pertaining to COVID-19.

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