Petroleum Industry Transformations

Lessons from Norway and Beyond

By: Taran Thune (Editor), Ole Andreas Engen (Editor), Olav Wicken (Editor)

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Hardcover | 13 August 2018 | Edition Number 1

At a Glance

Hardcover
272 Pages

Dimensions(cm)
23.4 x 15.6 x 2.1

Hardcover

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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.

Industry Reviews

"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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