"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 todays 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