The global oil & gas industry experienced a 31% rise in company filings mentions of connectivity in Q3 2022 compared with the previous quarter, with the highest share accounted for by Reliance Industries , according to GlobalData’s analysis of over 162 oil & gas company filings.
Notably, connectivity was one of the most frequently referenced themes in Q3 2022, ranking highest in terms of mentions, ahead of blockchain and cloud , according to GlobalData.
Of the 50 leading companies in the oil & gas industry, Reliance Industries had the greatest increase in references for connectivity in Q3 2022, compared with the previous quarter. GlobalData identified 38 connectivity-related sentences in the company's filings - 24 % of all sentences - and an increase of 442% in Q3 2022 compared with Q2 2022. Hess ’s mentions of connectivity rose by 100% to 27 and APA’s by 100% to 14.
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 connectivity in Q3 2022 was 94.