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A Short History of the Norwegian Oil Industry: From Protected National Champions to Internationally Competitive Multinationals

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  • Ryggvik, Helge

Abstract

This study explores how Norway, as a latecomer to oil production, was able to develop both effective oil companies and an internationally competitive oil service industry. The article focuses on two rather distinct phases: the protectionist phase, in which a strong focus on local content fostered skilled Norwegian oil companies as well as a national oil service industry, and the phase of liberalization or financialization, where new forms of contact and openness to foreign ownership laid the basis for internationally oriented Norwegian oil companies and oil supply and service firms.

Suggested Citation

  • Ryggvik, Helge, 2015. "A Short History of the Norwegian Oil Industry: From Protected National Champions to Internationally Competitive Multinationals," Business History Review, Cambridge University Press, vol. 89(1), pages 3-41, April.
    • Handle: RePEc:cup:buhirw:v:89:y:2015:i:01:p:3-41_00
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    Cited by:

    1. Aline Bütikofer & Antonio Dalla-Zuanna & Kjell G. Salvanes, 2023. "Natural Resources, Demand for Skills, and Schooling Choices," CESifo Working Paper Series 10543, CESifo.
    2. Polterovich, Victor, 2022. "Конкуренция, Сотрудничество И Удовлетворенность Жизнью. Часть 2. Основа Лидерства – Коллаборативные Преимущества [Competition, Collaboration, and Life Satisfaction Part 2. The Fundament of Leadersh," MPRA Paper 113053, University Library of Munich, Germany.
    3. Janssen, Aljoscha, 2022. "Innovation Begets Innovation and Concentration: The Case of Upstream Oil & Gas in the North Sea," Working Paper Series 1431, Research Institute of Industrial Economics.
    4. van der Loos, Adriaan & Normann, Håkon E. & Hanson, Jens & Hekkert, Marko P., 2021. "The co-evolution of innovation systems and context: Offshore wind in Norway and the Netherlands," Renewable and Sustainable Energy Reviews, Elsevier, vol. 138(C).
    5. Michele Fioretti & Alessandro Iaria & Aljoscha Janssen & Robert K Perrons & Clément Mazet-Sonilhac, 2022. "Innovation Begets Innovation and Concentration: the Case of Upstream Oil & Gas in the North Sea," SciencePo Working papers hal-03791971, HAL.
    6. Asmund Rygh & Gabriel R. G. Benito, 2022. "Governmental goals and the international strategies of state-owned multinational enterprises: a conceptual discussion," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 26(4), pages 1155-1181, December.
    7. Guevara, Zeus & Sebastian, Antonio & Carranza Dumon, Fabian, 2022. "Economy-wide impact of conventional development policies in oil-exporting developing countries: The case of Mexico," Energy Policy, Elsevier, vol. 161(C).
    8. Luis Fernando Medina & Marcelo Bucheli & Minyoung Kim, 2019. "Good friends in high places: Politico-economic determinants of the expropriation and taxation of multinational firms," Journal of International Business Policy, Palgrave Macmillan, vol. 2(2), pages 119-141, June.

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