Problems of Innovative Development of Oil Companies: Actual State, Forecast and Directions for Overcoming the Prolonged Innovation Pause

Yana S. Matkovskaya, Elena Vechkinzova, Yelena Petrenko and Larissa Steblyakova
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Yana S. Matkovskaya: Department of Management and Innovation, Higher School of Management, Financial University under the Government of the Russian Federation, 49 Leningradsky Prospekt, 125993 Moscow, Russia
Elena Vechkinzova: Department of Business Administration, Higher School of Management, Financial University under the Government of the Russian Federation, 49 Leningradsky Prospekt, 125993 Moscow, Russia
Yelena Petrenko: Academic Department of Management and Business Technologies, Faculty of Management, Plekhanov Russian University of Economics, 36 Stremyanny Lane, 117997 Moscow, Russia
Larissa Steblyakova: Department of Engineering Entrepreneurship and Marketing, Faculty of Engineering Economics and Management, Karaganda State Technical University, Nursultan Nazarbayev Avenue, 56, Karaganda 100027, Kazakhstan

Energies, 2021, vol. 14, issue 4, 1-24

Abstract: The study of the rates of innovative development of various sectors of the modern economy makes it possible to determine the existence of a scientific and practical problem, eliciting the need for urgent identification of the reasons for non-innovative development of Oil and Gas Companies and development of the directions for innovation development. Based on a number of methods, including methods of graphical analysis, time series forecasting, construction of linear trends, correlation analysis and scenario forecasting, the authors stated the fact of the serious depth of the problem of innovative insufficiency in the oil sector in comparison with other sectors and they built six scenarios for the development of these companies. The applied methods made it possible to not only come to the conclusion that with the current level of investment in R&D in the oil and gas sector, Oil Companies may find themselves in difficult conditions, especially if breakthrough technologies show themselves in the non-hydrocarbon energy of the future, but also made it possible to determine the most important directions for the development of Oil Companies, including the formation and development of the oil and gas industry 4.0, marketing strategic management of the activities of these companies.

Keywords: Oil Companies; innovations; investments in R& D; forecasting the Innovation activities; industry 4.0 (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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