For the oil & gas industry, collaboration means competitiveness in tomorrow’s low-carbon reality.
The future of energy is heavily dependent on the collective ability — and determination — of the oil and gas industry itself to evolve and stay competitive in tomorrow’s low-carbon reality.
And to stay competitive — over the longer term — we need to drive simplification, standardization and productivity, but also radical innovation. The challenge is too large for any one company to tackle alone.
How can they be better leveraged?
There are lots of ideas out there, but as we argue in a new paper, one of the most effective ways for the labs to increase their economic impact is for them to “go local” and engage more in the advanced industry ecosystems within which they reside.
Helping to accelerate the hunt for those breakthroughs is a new $200,000 incentive in the form of an open innovation challenge.