Research and innovation in machine learning 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 related patent applications in the industry stood at 68 in the three months ending March – down from 70 over the same period in 2021.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Figures for patent grants related to followed a similar pattern to filings – shrinking from seven in the three months ending March 2021 to five 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.

Machine learning 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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Halliburton was the top 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 33 related patents in the three months ending March. That was down from 34 over the same period in 2021.

It was followed by the US-based Schlumberger with 19 patent applications, the US-based Honeywell International (9 applications), and Saudi Arabia-based Saudi Arabian Oil Co (9 applications).

Schlumberger has recently ramped up R&D in . It saw growth of 5.3% in related patent applications in the three months ending March compared to the same period in 2021 – the highest percentage growth out of all companies tracked with more than 10 quarterly patents in the offshore oil and gas industry operations and technologies sector.