Patent Leaders in Energy

Technology leadership is crucial in energy. It drives costs, returns and future resiliency. Hence, we have reviewed 3,000 recent patent filings, across the 25 largest energy companies, in order to quantify our “Top Ten” patent leaders in energy.


This 34-page note ranks the industry’s “Top 10 technology-leaders”: in upstream, offshore, deep-water, shale, LNG, gas-marketing, downstream, chemicals, digital and renewables.

For each topic, we profile the leading company, its edge and the proximity of the competition.

Companies covered by the analysis include Aramco, BP, Chevron, Conoco, Devon, Eni, EOG, Equinor, ExxonMobil, Occidental, Petrobras, Repsol, Shell, Suncor and TOTAL.


More information? Please do not hesitate to contact us, if you would like more information about accessing this document, or taking out a TSE subscription.

Turn the Plastic Back into Oil

Due to the limitations of mechanical recycling, 85% of the world’s plastic is incinerated, dumped into landfill, or worst of all, ends up in the oceans. An alternative, plastic pyrolysis, is on the cusp of commercialisation. We have assessed twenty technology solutions. Excitingly, this nascent opportunity can turn plastic back into oil, generate >30% IRRs on investment, and could displace 15Mbpd of future oil demand.

These are the conclusions of our new, 16-page report…


We have diligenced 20 companies (above), operating 100 pyrolysis facilities globally. Our work included two site-visits and multiple patent reviews. Three early-stage companies hold particular promise. You can download our technology-screen here.

Larger companies (BASF, OMV, BP, TOTAL and Exxon) are also waiting in the wings, to scale up in this space. Their own patents and progress are reviewed in the note.

Economics will be strong, and should surpass 30% in our base case, modelled here. With another c25% deflation, it could become economical to deploy the technology in removing plastic from the ocean.

9Mbpd of oil and condensate are currently consumed for chemicals, as broken down here. Even as plastic demand trebles by 2050, plastic-recycling could eliminate any net demand growth for oil; or even halve it, as modelled here.