Patents
Patent applications related to cybersecurity increased by 11% per year on average in the oil & gas industry since 2020
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The global oil & gas industry experienced a 11% increase in annual average growth rate (AAGR) in the number of cybersecurity-related patent applications between 2020 and 2022. The total number of cybersecurity-related grants increased by an AAGR of 15% during the same period, according to GlobalData's patent analytics database.
Notably, the number of cybersecurity-related patent applications in the oil & gas industry was 642 since 2020, while 353 applications were granted.
The top five companies by filings accounted for 51% of patent applications
Analysis of patent applications by assignee shows that Halliburton filed the most cybersecurity patents within the oil & gas industry since 2020. The company filed 107 cybersecurity-related patents since 2020.
It was followed by SICPA (84 applications), Saudi Arabian Oil (74 applications), Schlumberger (49 applications) and China Petrochemical (24 applications).
The top five companies by grants accounted for 58% of successful patent grants
Analysis of patent grants by assignee shows that SICPA was granted 105 patents related to cybersecurity within the oil & gas industry since 2020. It was followed by Halliburton (22 grants), LG (17 grants), China National Petroleum (11 grants) and Schlumberger (10 grants).
Patent activity was driven by China with a 29% share of total patent publications
The largest share of cybersecurity-related patent publications in the oil & gas industry since 2020 was held by China with 29%, followed by the US (24%) and Japan (12%).
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patents Analytics tracks patent filings and grants from official patent offices around the world. Proprietary analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.