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Risk evaluation of technology innovation in China's oil and gas industry

Author

Listed:
  • Li Junchen
  • Dong Xiucheng
  • Mikael Höök
  • Gao Jian
  • Li Shiqun

Abstract

Oil and gas industries are technology intensive and appropriate risk evaluation is necessary. The Chinese oil and gas industry is in the development phase, thus risk assessments and mitigation is more important than pushing technological innovation. This paper compiles research of other experts in the field and evaluates innovation risk by using a multi-hierarchy grey method. The result shows that the technology innovation risk for China's oil and gas industry is relatively high. Finally, this paper proposes some suitable measures that may decrease risk levels.

Suggested Citation

  • Li Junchen & Dong Xiucheng & Mikael Höök & Gao Jian & Li Shiqun, 2013. "Risk evaluation of technology innovation in China's oil and gas industry," International Journal of Global Energy Issues, Inderscience Enterprises Ltd, vol. 36(1), pages 1-12.
    • Handle: RePEc:ids:ijgeni:v:36:y:2013:i:1:p:1-12
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    Cited by:

    1. Hao, Xiaoli & Deng, Feng, 2019. "The marginal and double threshold effects of regional innovation on energy consumption structure: Evidence from resource-based regions in China," Energy Policy, Elsevier, vol. 131(C), pages 144-154.

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