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

Author

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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)

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.

Suggested Citation

  • Yana S. Matkovskaya & Elena Vechkinzova & Yelena Petrenko & Larissa Steblyakova, 2021. "Problems of Innovative Development of Oil Companies: Actual State, Forecast and Directions for Overcoming the Prolonged Innovation Pause," Energies, MDPI, vol. 14(4), pages 1-24, February.
    • Handle: RePEc:gam:jeners:v:14:y:2021:i:4:p:837-:d:494065
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    References listed on IDEAS

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    Cited by:

    1. Larissa P. Steblyakova & Elena Vechkinzova & Zhibek Khussainova & Zhanibek Zhartay & Yelena Gordeyeva, 2022. "Green Energy: New Opportunities or Challenges to Energy Security for the Common Electricity Market of the Eurasian Economic Union Countries," Energies, MDPI, vol. 15(14), pages 1-26, July.
    2. Elena Vechkinzova & Larissa P. Steblyakova & Natalia Roslyakova & Balnur Omarova, 2022. "Prospects for the Development of Hydrogen Energy: Overview of Global Trends and the Russian Market State," Energies, MDPI, vol. 15(22), pages 1-29, November.
    3. Puertas, Rosa & Carracedo, Patricia & Garcia−Mollá, Marta & Vega, Virginia, 2022. "Analysis of the determinants of market capitalisation: Innovation, climate change policies and business context," Technological Forecasting and Social Change, Elsevier, vol. 179(C).

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