Petroleum Industry Transformations Lessons from Norway and Beyond
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Taking the case of the Norwegian petroleum industry as its vantage point, the book discusses the question of industrial transformations in resource-based industries. The book presents new, empirically-based analyses of the development of the petroleum industry, with an emphasis on three ongoing transformation processes:
- Technological upgrading and innovation in upstream petroleum.
- Globalisation of the petroleum industry and suppliers’ experiences of entering foreign markets.
- Diversification into and out of petroleum – and the potential for new growth paths after oil.
Drawing together a range of key thinkers in this field, this volume addresses the ways in which the petroleum industry and its supply industry has changed since the turn of the millennium. It provides recommendations for the development of resource economies in general and petroleum economies in particular.
This book will be of great interest to students and scholars of energy policy and economics, natural resource management, innovation studies and the politics of the oil and gas sector.
List of Figures
List of Tables
List of Contributors
List of Abbreviations
Chapter 1 - Transformations in petroleum: Innovation, globalisation and diversification
By Taran Thune, Ole Andreas Engen and Olav Wicken
Chapter 2 - The evolving sectoral innovation system for upstream oil and gas in Norway
By Ole Andreas Engen, Erlend Osland Simensen and Taran Thune
Chapter 3 - Innovation in the petroleum value chain and the role of supply companies
By Erlend Osland Simensen and Taran Thune
Chapter 4 - Knowledge networks and innovation among subsea firms
By Nina Hjertvikrem & Rune Dahl Fitjar
Chapter 5 - Cost-cutting as an innovation driver among suppliers during an industry downturn
By Jakoba Sraml Gonzalez
Chapter 6 - Norwegian rig service industry: Innovations in contractual relations.
By Petter Osmundsen
Chapter 7 - Born national – going global
By Helge Ryggvik & Ole Andreas Engen
Chapter 8 - Norwegian suppliers in Brazil
By Helge Ryggvik, Ole Andreas Engen and Antonio José Junqueira Botelho
Chapter 9 - Supply companies and the political economy of platform concepts in the U.S Gulf of Mexico
By Helge Ryggvik
Chapter 10 - Steel, Staff and Solutions: Past, present and future prospects for employment in the Norwegian-based petroleum supply industry
By Atle Blomgren and Christian Quale
Chapter 11- Versatile competences and product market diversification among oil and gas supply firms
By Taran Thune and Tuukka Mäkitie
Chapter 12 - Diversification into new markets: Challenges and opportunities for petroleum supply firms
By Allan Dahl Andersen and Magnus Gulbrandsen
Chapter 13 - From oil to wind, and back again: Resource redeployment and diversification
By Tuukka Mäkitie, Taran Thune and Jakoba Sraml Gonzalez
Chapter 14 - The resource endowment challenge: Extending the value chain
By Øystein Noreng
Chapter 15 - Collaborative innovation in the Norwegian oil & gas industry: Surprise or sign of a new economy-wide paradigm?
By Charles Sabel and Gary Herrigel
"Petroleum economies have long been analyzed macro-economically as suffering from the "resource curse". This book offers a long-awaited alternative view based on a knowledge economy perspective. Petroleum economies can benefit from complex knowledge built up in supplier industries to diversify into new and promising industries. The case of Norway, central to this book, serves as an example for many other resource-based economies worldwide." -- Koen Frenken, Professor in Innovation Studies, Utrecht University, Netherlands
"This book reveals the dynamics of natural resources when developed by a capability rich institutional regime. The petroleum sector in Norway is not only a success story, it has also transformed the innovation models of the global petroleum industry. The book is a must for those who want to understand today´s offshore industry as well as for those who want to prepare for the transitions to come." -- Staffan Laestadius, Professor Emeritus, Royal Institute of Technology, Stockholm, Sweden
"The oil and gas industry remains the largest in the world by a long way: it is the resource at the heart of the industrial system. This path-breaking book explores one of its most dynamic national bases [Norway]. It offers unique insights into oil's innovation paths, its industrial trajectories, its economic impacts and its future." --Keith Smith, Professor at Imperial Business School, UK
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