While utilities have long been seen as the most fickle and conservative of organisations in their approach to corporate venturing, further upstream in the exploration and production chain the energy companies have been bolder.

Though beholden to similar regulatory constraints and government oversight, a longterm outlook, strong cashflows and history of risk-taking and working in joint ventures and syndicates to exploit wells have given them greater potential understanding and interest in the use of technology to improve existing procedures…

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