The global oil & gas industry experienced a 145% rise in company filings mentions of cybersecurity in Q1 2023 compared with the previous quarter, with the highest share accounted for by Enbridge with 39% year-on-year increase, according to GlobalData’s analysis of over 338 oil & gas company filings. GlobalData’s Cybersecurity in Oil and Gas – Thematic Research market report provides a detailed understanding on how cybersecurity impacts the value chain in the Oil & Gas sector, and the leading cybersecurity adopters and vendors in the market. Buy the report here.
Notably, cybersecurity was one of the most frequently referenced themes in Q1 2023, ranking highest in terms of mentions, ahead of governance and environment, according to GlobalData.
Of the 50 leading companies in the oil & gas industry, Enbridge had the greatest increase in references for cybersecurity in Q1 2023, compared with the previous quarter. GlobalData identified 13 cybersecurity-related sentences in the company's filings, an increase of 100% in Q1 2023 compared with Q4 2022. Oneok's mentions of cybersecurity rose by 300% to 13 and Valero Energy's by 500% to 12 and Williams's by 500% to 12 and Devon Energy's by 100% to 9.
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 cybersecurity in Q1 2023 was 139.
To further understand GlobalData's analysis on Cybersecurity in Oil and Gas - Thematic Research, buy the report here.