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.

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.

1. Transformations in petroleum: Innovation, globalisation and diversification Part Ⅰ 2. The evolving sectoral innovation system for upstream oil and gas in Norway 3. Innovation in the petroleum value chain and the role of supply companies 4. Knowledge networks and innovation among subsea firms 5. Cost-cutting as an innovation driver among suppliers during an industry downturn 6. Norwegian rig service industry: Innovations in contractual relations Part Ⅱ 7. Born national – going global 8. Norwegian suppliers in Brazi 9. Supply companies and the political economy of platform concepts in the U.S Gulf of Mexico 10. Steel, Staff and Solutions: past, present and future prospects for employment in the Norwegian-based petroleum supply industry PART III 11. Versatile competences and product market diversification among oil and gas supply firms 12. Diversification into new markets: Challenges and opportunities for petroleum supply firms 13. From oil to wind, and back again: Resource redeployment and diversification PART Ⅳ 14. The resource endowment challenge: Extending the value chain 15. Collaborative innovation in the Norwegian oil & gas industry: Surprise or sign of a new economy-wide paradigm?