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April 18, 2022updated 20 Apr 2022 2:03pm

Digitalisation innovation among offshore industry companies has dropped off in the last year

Analysis of patent filings shows a shrinking level of digitalization related applications in the industry over the past year

By Data Journalism Team

Research and innovation in digitalisation in the offshore oil and gas industry operations and technologies sector has declined in the last year.

The most recent figures show that the number of digitalisation related patent applications in the industry stood at 58 in the three months ending February – down from 60 over the same period in 2021.

Figures for patent grants related to digitalisation followed a similar pattern to filings – shrinking from 68 in the three months ending February 2021 to 26 in the same period in 2022.

The figures are compiled by GlobalData, which tracks patent filings and grants from official offices around the world. Using textual analysis, as well as official patent classifications, these patents are grouped into key thematic areas, and linked to key companies across various industries.

Digitalisation is one of the key areas tracked by GlobalData. It has been identified as being a key disruptive force facing companies in the coming years, and is one of the areas that companies investing resources in now are expected to reap rewards from. The figures also provide an insight into the largest innovators in the sector.

Honeywell International was the top digitalisation innovator in the offshore oil and gas industry operations and technologies sector in the latest quarter. The company, which has its headquarters in the US, filed 45 digitalisation related patents in the three months ending February. That was down from 54 over the same period in 2021.

It was followed by the Saudi Arabia-based Saudi Arabian Oil Co with nine digitalisation patent applications, the US-based Schlumberger (9 applications), and the US-based Halliburton (9 applications).

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