The oil & gas industry continues to be a hotbed of patent innovation. Activity is driven by regulations on carbon emissions, and the energy transition, and the growing importance of technologies such as digitalization, artificial intelligence, and machine learning. In the last three years alone, there have been over 523,000 patents filed and granted in the oil & gas industry, according to GlobalData’s report on Innovation in oil & gas: regasification power management. Buy the report here.

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However, not all innovations are equal and nor do they follow a constant upward trend. Instead, their evolution takes the form of an S-shaped curve that reflects their typical lifecycle from early emergence to accelerating adoption, before finally stabilizing and reaching maturity.

Identifying where a particular innovation is on this journey, especially those that are in the emerging and accelerating stages, is essential for understanding their current level of adoption and the likely future trajectory and impact they will have.

60+ innovations will shape the oil & gas industry

According to GlobalData’s Technology Foresights, which plots the S-curve for the oil & gas industry using innovation intensity models built on over 196,000 patents, there are 60+ innovation areas that will shape the future of the industry.

Within the emerging innovation stage, high-pressure gas vessels, boil-off gas treatment, and oil recovery CWI are disruptive technologies that are in the early stages of application and should be tracked closely. Green hydrogen synthesis, hydrocarbon lubricants, and oil well surveillance are some of the accelerating innovation areas, where adoption has been steadily increasing. Among maturing innovation areas are cryogenic gas separation and olefin metathesis catalysts, which are now well established in the industry.

Innovation S-curve for the oil & gas industry

Regasification power management is a key innovation area in oil & gas

Regasification power management refers to the systems and processes used to manage the supply and distribution of gas fuel in regasification processes. It involves the control and monitoring of gas fuel pipelines, vent gas, and liquefied gas for efficient and safe operation. Regasification power management systems aim to prevent leaks, ensure proper heating and evaporation of liquefied gas, and maintain optimal pressure for fuel gas supply.

GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 40+ companies, spanning technology vendors, established oil & gas companies, and up-and-coming start-ups engaged in the development and application of regasification power management.

Key players in regasification power management – a disruptive innovation in the oil & gas industry

‘Application diversity’ measures the number of applications identified for each patent. It broadly splits companies into either ‘niche’ or ‘diversified’ innovators.  

‘Geographic reach’ refers to the number of countries each patent is registered in. It reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’. 

Patent volumes related to regasification power management

Company Total patents (2010 - 2022) Premium intelligence on the world's largest companies
Korea Development Bank 948 Unlock Company Profile
HD Hyundai 648 Unlock Company Profile
Samsung Heavy Industries 292 Unlock Company Profile
Kawasaki Heavy Industries 120 Unlock Company Profile
Mitsubishi Heavy Industries 60 Unlock Company Profile
Wartsila 44 Unlock Company Profile
Kobe Steel 37 Unlock Company Profile
Engie 28 Unlock Company Profile
Linde 22 Unlock Company Profile
Fuelsave 15 Unlock Company Profile
Nippon Yusen Kabushiki Kaisha 14 Unlock Company Profile
TGE Group 14 Unlock Company Profile
POSCO 13 Unlock Company Profile
Microsoft 13 Unlock Company Profile
Mitsui E&S 12 Unlock Company Profile
DongHwa Entec 12 Unlock Company Profile
Imabari Shipbuilding 11 Unlock Company Profile
Alfa Laval 10 Unlock Company Profile
AFC Mercury 8 Unlock Company Profile
Porsche Automobil 7 Unlock Company Profile
Siemens 6 Unlock Company Profile
Sumitomo 5 Unlock Company Profile
Man Energy Solutions Filial Af Man Energy Solutions Se Tyskland 5 Unlock Company Profile
Sumitomo Seika Chemicals 4 Unlock Company Profile
Boeing 4 Unlock Company Profile
Yanmar (Tokyo Office) 4 Unlock Company Profile
Belcan 3 Unlock Company Profile
Nat Univ Pusan Ind Univ Coop Found 3 Unlock Company Profile
Pan Asia 3 Unlock Company Profile
TotalEnergies 3 Unlock Company Profile
Alstom 3 Unlock Company Profile
Sanoyasoration 3 Unlock Company Profile
Hanwha Aerospace 2 Unlock Company Profile
N&K 2 Unlock Company Profile
Keppel Offshore & Marine 2 Unlock Company Profile
China Ship Development And Design Center 2 Unlock Company Profile
Mytec 2 Unlock Company Profile
Hanwha 2 Unlock Company Profile
China State Shipbuilding 1 Unlock Company Profile
Agency For Defense Development 1 Unlock Company Profile
MAN Diesel 1 Unlock Company Profile
Sungdong Shipbuilding & Marine Engineering 1 Unlock Company Profile
Marine Service 1 Unlock Company Profile
Hi Air Korea 1 Unlock Company Profile
GAS Entec 1 Unlock Company Profile
Korea Gas 1 Unlock Company Profile
Parkland 1 Unlock Company Profile
STX Heavy Industries 1 Unlock Company Profile

Source: GlobalData Patent Analytics

Samsung Heavy Industries is one of the leading patent filers in regasification power management. The company developed a LNG regasification system called S-Regas (GI) for floating storage and regasification unit (FSRU). S-Regas (GI) uses glycol to heat LNG instead of traditionally used seawater to reduce corrosion. Further, the new system helps to lower costs and improves performance.

Some other key patent filers in the space include HD Hyundai, Kawasaki Heavy Industries, and Mitsubishi Heavy Industries.

In terms of application diversity, Sumitomo leads the pack, while Marine Service and Boeing stood in the second and third positions, respectively. By means of geographic reach, Fuelsave held the top position, followed by Linde and Alfa Laval.

Innovations in regasification power management continue to gain prominence as they are increasingly helping oil and gas companies to increase the efficiency and safety of regasification processes.

To further understand the key themes and technologies disrupting the oil & gas industry, access GlobalData’s latest thematic research report on Oil & Gas.

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual 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.