Challenges facing oil and gas industries are enormous and venturing offers a way to provide innovative and cost-effective solutions.
With the rise of China and the slowing of oil supply growth, the world is pressed to find large quantities of incremental natural resources, including oil, gas and renewables. This will present opportunities for corporate venturing in energy technology development.
Growth in the oil supply stalled in 2004, leading to an oil shock in 2008. Global oil consumption is now about the 2008 average, and crude oil production capacity has increased by perhaps 1.75 million barrels of crude oil…
