Abstract
The early twenty-first century has witnessed a boom in the oil and natural gas production. This boom raises various questions that legal scholars have begun to explore, including questions of technological advancements in the energy sector and their commercialization and protection. This research paper aims to investigate the current state of legal protection of intellectual property rights of companies operating in the oil and gas industry. This paper contains a brief description of the applicable intellectual property rights and provides a comparative legal analysis of the factors influencing the choice of the form of protection of such rights. Comprehensive legal research establishes the strengthening of the role and importance of intangible assets in the energy sector and determines the predominant role of patents, trade secrets and copyrights as the main forms of protection for inventions, technology and information from unauthorized use and unfair competition. This paper substantiates the need for the companies to implement innovative strategies to their portfolio of intangible assets aimed at its diversification and commercialization in the face of growing competition and strong volatility in energy prices. Keywords: intellectual property; patent; trade secret; innovations; oil and gas industry.
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