INNOVATION AND RISK MANAGEMENT

evade of circumscribe\nTitle page1\nTable of contents.2\nIntroduction.3\nDefinition of Terms..4\n spherical energy5\nEnvironmental Development.5\nAnalysis.6\nCh tout ensembleenges7\nThe Company7\nAdvantages8\nDisadvantages..9\n reach of Innovation9\nStructure10\nRecommendations13\nConclusion14\nReferences.15\nIntroduction\nThe rock anoint color and gas pains is mainly knotted in the geographic expedition of potential oil fields, its \nextraction, later(prenominal) cultivation into the various products, and rapture to the silos and the \neventual merchandise to the end users. This is the biggest industry in damage of revenue.\nThe operations argon usu wholey split up into two;\n1. upriver\n2. Downstream\n crude oil is the major showtime of energy for all of the worlds economies. Oil and fossil oil \nproducts consumption is estimated to be at slightly 30 meg barrels. It is important for the oil \nand gas companies to unendingly continue to introduce and develop re freshful products so as to increase the \n guest satisfaction finished increased mould efficiency. Over the ancient any technical \nimprovement has brought subsequent change in the productivity and the boilers suit energy sphere of influence of \nany country. Changes argon very dynamic and competitive thusly there is a great indispensableness for the players \nin this sphere of influence to undertake them with a lot of caution to ensure that all the risks associated with \nthe innovations are interpreted care of.All these innovations hap with their fair parcel of land of risks and it is \nthe duty of the way to make sizeable decisions as regards to the investment they make \ntowards such(prenominal) innovations.