U.S. Oil and Gas Jobs Plummet Despite Record Production

During the Covid-19 pandemic, when oil prices fell to a record low, millions of oil and gas jobs were cut worldwide. This was owing to a decrease in oil and gas operations due to work and movement restrictions, as well as many companies going bankrupt. During this time, several oil and gas companies sought to automate operations by investing heavily in artificial intelligence (AI), robotics, and other digitalisation efforts. As oil and gas operations have become more automated in the past half a decade, oil companies are finding they can produce…