Technology Commercialization in the Oil and Gas Industry (Learnings From an Operator, Service Company, and Private Equity)
Recorded on October 10, 2013 (90 minutes)

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Adoption of new technology in any industry is difficult as it always involves shaking the status quo and moving to a new paradigm. However the Oil and gas industry has been known for a particularly slow adoption of new technology. This webinar will bring three very interesting perspective from the helm of the companies at the forefront of technology commercialization. Some of the questions that will be discussed:

• Weather the reputation of oil and gas being a slow technology adopter warranted or are there new ways in which oil and gas is adopting new technologies?
• What are the approaches that work to bring forth a new technology in a large oil operator? How to convince the assets to try new things?
• How does a major service company like Schlumberger deal with deploying and commercializing new technology?
• What role do private equity and venture capital players play in this large technology landscape?
• What are the technical challenges currently at the fore front of the R&D world. What disruptive technologies can we expect to be commercialized in the next 5 years.


Ashok Belani (Executive Vice President Technology, Schlumberger Limited)

Ashok Belani is executive vice president Technology, a position he assumed in August 2011. Based in Paris and Houston, Belani leads the Schlumberger engineering, manufacturing and sustaining organization in addition to supervising the company's research activities. Prior to this appointment Belani served as president, Reservoir Characterization and earlier as chief technology officer.

Belani joined Schlumberger as a field engineer in 1980 and worked for 10 years in different field positions in operations, sales, and management. He then transferred to product development and held positions in engineering, marketing and technique, and technology management. He served as vice president of Marketing and Product Development for Wireline and later as vice president of Marketing and Product Development for Oilfield Services. He moved to Test and Transactions in 1999 and served as president of Semiconductor Solutions. He later held the position of CIO of Schlumberger Limited. From 2003 to 2005, Belani led the effort to divest the semiconductor equipment business from Schlumberger, listed the subsequent company on the Nasdaq stock exchange and then merged it with Credence Systems.

Belani studied electrical engineering in India and holds a master's degree in petroleum engineering from Stanford University. He currently serves on the Advisory Board for the School of Earth Sciences at Stanford University, and Institute Physique du Globe, Paris.


Russ Capper (Moderator)

Russ Capper has led multiple technology companies from concept formation to execution, expansion and exit.

After a 12 year stint with IBM in the 80’s and equity stakes and leadership positions at Techtron Inc. and Document Services Inc, both of which he sold, Russ founded eRealty.com which became the country’s first online brokerage displaying full MLS data online. Prudential acquired eRealty in 2004.

In 2005 he launched The BusinessMakers Show, a web-based video production and radio show that showcases entrepreneurs and in 2011 he founded and launched The EnergyMakers Show which features energy industry innovators and policy-makers.


Einar Gamman (Partner, Energy Ventures)

Einar Gamman, partner in the U.S. office of Energy Ventures, has more than 27 years of experience in the worldwide oil and gas industry. In addition to his role at Energy Ventures, Gamman serves on the board of directors of three Energy Ventures investments: Produced Water Absorbents (PWA), Halfwave AS and Reality Mobile. He is also an observer on the board of directors of Cubility AS, Oxane Materials and OsComp Systems. In addition, Gamman oversees Energy Ventures’ Technology Advisory Board program.

Prior to his current position with Energy Ventures, Gamman served as the former co-funder and partner of Partout AS (later Procom Venture AS) and as a former Deputy Managing Director for Smedvig Offshore AS.  He holds an MBA from INSEAD in France, and a M.Sc. in Naval Architecture and Marine Engineering from the Norwegian University of Science and Technology (NTH/NTNU), Trondheim.

Ram Shenoy (CTO, ConocoPhillips)

Ram Shenoy is the chief technology officer for ConocoPhillips. 

An electrical engineer by training, he has twenty years of oil and gas industry experience.

Before taking on his current role at ConocoPhillips, Shenoy was vice president of research for Schlumberger Limited, responsible for all Schlumberger’s corporate scientific research laboratories.   In prior years, he held a series of marketing and technology management positions with increasing responsibility, including managing director of Schlumberger-Doll Research Boston, and director and technology center manager of Schlumberger K.K. overseeing all the Engineering, Manufacturing and Sustaining activities of Schlumberger’s R&D center in Tokyo, Japan.

He is a member of the U.S. Secretary of Energy Advisory Board, the Energy Ventures Technology Advisory Board, the Terratek Technology Advisory Board and the Tufts Gordon Institute’s Industrial Advisory Board. He is also a member of the Institute of Electrical and Electronic Engineers, the Society for Industrial and Applied Mathematics and the Society of Petroleum Engineers. 

Shenoy earned a B. A. and M.A. in Electrical Sciences from Cambridge University UK in 1986, a Ph. D. in Electrical Engineering from Cornell University, NY in 1991 and an MBA from the Stern School of Business, New York University in 2000.