Robots could replace hundreds of thousands of oil and gas jobs by 2030

Robots could replace hundreds of thousands of oil and gas jobs by 2030

After losing thousands of jobs to the pandemic downturn, robotics and automation could slash hundreds of thousands more oil and gas jobs around the world and sharply reduce labor costs by 2030, according to Norwegian energy research firm Rystad Energy.

At least 20 percent of the jobs in drilling, operational support and maintenance could be automated in the next 10 years, Rystad said Monday, with U.S. employment needs reduced by more than 140,000 workers.

The industry has already seen significant job losses. Nearly 60,000 oil exploration and production jobs in Texas were lost in 2020, as the global pandemic caused an […]

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