Managing Innovation & New Technologies in the Upstream Oil & Gas Industry
Type:
Training Course
Length:
4 Half Days
CEU:
1.6
PDH:
16
Fee:
$1995 CAD
Upcoming Sessions
There is currently no upcoming sessions available for this course. Please check back later!
Course Description
The upstream oil and gas industry has become more technology-intensive over the years, and the pace of technological change within the sector is accelerating. But how should an organization manage the development, deployment, and use of new innovations that are emerging within the industry? Designed by the researcher behind both of the Society of Petroleum Engineers’ Global Innovation Surveys, this course gives participants an awareness of how innovation and R&D happen within the sector and, by teaching them how to apply a broad range of tools, shows them how they can get better results from their organization’s innovation related activities.
Learning Objectives
- Develop an appreciation for the role of innovation in the success of oil & gas firms.
- Understand the industry-specific challenges of R&D in the oil & gas industry.
- Know how to be innovative even in a low-price or turbulent environment.
- Understand “open innovation,” and know a few ways that they can become open innovators who successfully leverage innovations and good ideas from other organizations and industries.
- Know how to articulate the potential value of oil & gas technologies, and to recognize the limitations of different valuation methods.
- Understand how innovation can help the oil & gas industry to survive and compete in a carbon constrained world.
- Develop an appreciation for how digital technologies like Big Data, cloud computing, Internet of Things, blockchain, etc. are changing the competitive dynamics of the sector.
- Understand how/why dominant designs emerge in the marketplace, but not always (and the market conditions that typically give rise to each scenario).
- Know how to connect your technology strategy to the larger strategic aims of your organization.
- Know how organizational designs impact innovation processes, thereby helping them to design organizations that are more innovative and successful in managing novel technologies.
- Understand tools and approaches for managing and tracking new product development and their organization’s R&D portfolio.
Who Should Attend
This course is appropriate for anyone who is connected to the innovation-related aspects of their organization, who works in decision-making roles that are frequently impacted by the emergence of new technologies, or who wants to play a role in creating a more innovative environment within their business. No prior experience or training in this area is required for this course.
Course Outline
- Role of innovation in the marketplace
- Specific challenges of R&D and innovating in the upstream oil & gas industry
- Sources of innovation
- Translating creativity into innovation
- The types of innovation: radical vs. incremental, disruptive, etc.
- Technology standards and design dominance
- Timing of entry: first-mover advantage vs. fast-follower strategy
- Aligning your technology strategy with your organization’s larger strategic goals
- Technology valuation tools for the oil & gas industry
- Protecting innovation
- Designing your organization and its relationships to maximize innovativeness
- “Open Innovation” and strategies for collaborating with outside organizations
- Managing your innovation portfolio: technology readiness levels and other tools
- Frugal Innovation: What is it, and how can it be applied to the oil & gas industry?
- How digital technologies are resulting in business model innovations that are changing the strategic contours of many industries—potentially including the oil & gas sector
- The potential “uberization” of the energy industry—what changes are unfolding, and how can we prepare for them?
Instructor Robert K. Perrons, PhD.Prior to joining the Queensland University of Technology in Australia in 2011, Prof. Robert Perrons worked in a wide variety of roles and locations for Shell International’s Exploration & Production division. He started his career in Shell’s Strategy & Economics team in 1997, and then worked for several years as a production engineer in the company’s overseas operations (offshore and onshore). He then left Shell for three years to work as an Industrial Research Fellow at the University of Cambridge, but re-joined Shell again in 2004 to become the company’s Executive Coordinator of R&D.
He has a B.Eng. in mechanical engineering from McMaster University in Canada, a Master’s degree in Technology & Policy from the Massachusetts Institute of Technology (MIT), and a PhD in engineering from the University of Cambridge, where he was a Gates Cambridge Scholar. Rob was named as a Fulbright Scholar in 2020, serves as a board member on several clean energy technology startups around the world, advises the Australian Government as a member of its Expert Network on matters related to innovation and emerging technologies in the energy and resource sectors, and is a member of the United Nations Expert Group for Energy and Resources. He was the architect and lead author for both of the Society of Petroleum Engineers Global Innovation Surveys, and developed the United Nations SDG Academy online course titled “Managing Innovation in the Extractive Industries."
Read More about Robert K. Perrons, PhD.
Reviews "By blending his deep industry experience and his research on tomorrow's technology trends, Dr. Perrons does a great job of unpacking this important subject."
- Group Technical Authority Composites and Advanced Materials
"This course should be compulsory for every technical manager in the petroleum industry."
- Head of Competitive Technical Intelligence
"The delegates were impressed with the delivery of the course."
- Training Specialist
"The best course I have been to for a long, long time!"
- Development Manager
