The global oil & gas industry experienced a 35% drop in company filings mentions of energy transition in Q2 2023 compared with the previous quarter, with the highest share accounted for by Petroleo Brasileiro with 224% year-on-year increase, according to GlobalData’s analysis of over 982 oil & gas company filings. GlobalData’s Energy Transition in Oil and Gas – Thematic Intelligence report highlights key trends, mergers & acquisitions activities, and major milestones of energy transition theme in the oil & gas sector. Buy the report here.
Notably, energy transition was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of edtech and edge computing, according to GlobalData.
Of the top leading companies in the oil & gas industry, Petroleo Brasileiro had the greatest increase in references for energy transition in Q2 2023, compared with the previous quarter. GlobalData identified 756 energy transition-related sentences in the company's filings - 18% of all sentences - and an increase of 224% in Q2 2023 compared with Q2 2022. TotalEnergies’s mentions of energy transition dropped by 62% to 630 and Snam’s by 44% to 580 and OMV’s by 44% to 406 and Baker Hughes’s by 19% to 328.
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 energy transition in Q2 2023 was 123.
For further understanding of GlobalData's Energy Transition in Oil and Gas - Thematic Intelligence buy the report here.