Drawing from a range of key thinkers in this field, this volume explores how upstream petroleum industry and its supply industry has changed since the year 2000. It 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 FiguresList of TablesList of ContributorsAcknowledgementsList of AbbreviationsChapter 1 - Transformations in petroleum: Innovation, globalisation and diversification By Taran Thune, Ole Andreas Engen and Olav WickenPART I Chapter 2 - The evolving sectoral innovation system for upstream oil and gas in Norway By Ole Andreas Engen, Erlend Osland Simensen and Taran ThuneChapter 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 downturnBy Jakoba Sraml Gonzalez Chapter 6 - Norwegian rig service industry: Innovations in contractual relations. By Petter Osmundsen PART IIChapter 7 - Born national – going globalBy Helge Ryggvik & Ole Andreas Engen Chapter 8 - Norwegian suppliers in Brazil By Helge Ryggvik, Ole Andreas Engen and Antonio José Junqueira BotelhoChapter 9 - Supply companies and the political economy of platform concepts in the U.S Gulf of MexicoBy Helge RyggvikChapter 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 PART IIIChapter 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 PART IVChapter 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