Offshore oil and gas firms’ involvement in offshore wind: Technological frames and undercurrents

Hansen, Gard Hopsdal; Steén, Markus

doi:10.1016/j.eist.2015.05.001

Cited by 41 publications

(34 citation statements)

References 41 publications

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“…The period after the 2008 financial crisis up until early 2011 was particularly characterized by widespread pessimism in the Norwegian O&G industry (Hansen and Steen, 2015). Optimism was renewed in 2011 following several large resource discoveries in mature production areas on the NCS.…”

Section: Figure 2 Historical Oil and Gas Production And Prognosis Formentioning

confidence: 99%

“…Whilst the future developments of new RE sectors are also highly uncertain, the overall expectation is that these will grow. This growth provides opportunities to supplement cyclical and uneven demand in the O&G industry with new market activities in other sectors (Hansen and Steen, 2015), hence the highly cited rationale to position themselves for the future.…”

Section: Figure 7 Oil and Gas Diversification Past Present And Futurementioning

confidence: 99%

“…Second, suppliers consider Norwegian cost levels to be more of a challenge than producers, reflecting higher international competition facing the supplier side of the hydropower industry. Perceived barriers to secondary activities for hydropower incumbents reflects that a lack of access to labor is not just something the petroleum industry must adhere to (Hansen and Steen, 2015), but is rather the case for several Norwegian firms competing for engineers and skilled workers.…”

Section: Figure 4 Hydropower Diversification Past Present and Futurementioning

confidence: 99%

“…The survey sought to open the 'black box of regime dynamics' by uncovering firm perceptions of sectorial development, variation in firms' product and market diversification activities and their motivational and constraining factors. The survey was designed based upon the authors' previous qualitative research in the same context, thus survey findings are supplemented with formerly acquired empirical insights (Hansen and Steen, 2015, Weaver, 2016, Steen, 2016.…”

Section: Research Design and Datamentioning

confidence: 99%

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Incumbents’ diversification and cross-sectorial energy industry dynamics

2017

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Within the sustainability transitions literature, established, mature or incumbent firms have been stereotyped as 'locked-in' to socio-technical regimes. However, we believe regimes have been blackboxed, and few studies have explored incumbents' responses to transition processes. This article aims to achieve an improved understanding of incumbents in established energy sectors and their extent of involvement in other (niche) energy sectors. To this avail, we analyze data from a first-ofits-kind survey of 133 incumbent firms in Norway's two main energy sectors, namely oil/gas and hydropower. Providing inter-temporal dimensions, our data covers incumbents' diversification activities beyond their primary sector both in the past (cancelled activities), present (ongoing activity in secondary sectors) and future (ambitions of diversification), and also distinguishes between producers and product/service suppliers. By incorporating insights on firm diversification, our analysis sheds new light on the complex transformation processes associated with sustainability transitions. Empirical results show considerable heterogeneity in incumbents' responses to changing selection pressures, which can be explained by recognition that windows of opportunity are opening and some incumbents see potential to leverage their resources and capabilities to capture value in new niche energy sectors in both domestic and international markets. Highlights Multidisciplinary analytical approach to explore cross-sectorial industry dynamics  Novel quantitative study design with inter-temporal and cross-sectorial dimensions  Empirical mapping also captures incumbents' various value chain positions  Results show that energy incumbents are diversified into other (green) energy sectors  Industrial change processes are underpinned through empirical explanatory factors

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Section: Figure 2 Historical Oil and Gas Production And Prognosis Formentioning

confidence: 99%

Section: Figure 7 Oil and Gas Diversification Past Present And Futurementioning

confidence: 99%

Section: Figure 4 Hydropower Diversification Past Present and Futurementioning

confidence: 99%

Section: Research Design and Datamentioning

confidence: 99%

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Incumbents’ diversification and cross-sectorial energy industry dynamics

2017

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“…3 Due to their sheer size and status in the national economy, the active involvement of firms such as Statoil, Fred. Olsen and Kvaerner, enhances the attractiveness of an emerging market in the eyes of a wider business community and public at large (Hansen & Steen, 2015). For instance, Statoil's endeavors to develop OWP technologies have broadly attracted national media attention.…”

Section: Actor Overlapsmentioning

confidence: 99%

Established sectors expediting clean technology industries? The Norwegian oil and gas sector's influence on offshore wind power

Mäkitie

Andersen

Hanson

et al. 2018

Journal of Cleaner Production

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Globalization and decarbonization: Changing strategies of global oil and gas companies

Guo

Yang

Bradshaw

et al. 2023

WIREs Climate Change

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Oil and gas (O&G) companies, as key players in the contemporary global energy landscape, have evolved within the context of a dynamic interaction between states and markets. However, their role is being transformed radically by two successive “global shifts”: economic globalization—driving energy demand growth patterns—and climate change—driving energy system transformation and decarbonization, both of which require them to reconsider their business strategies. Using an interdisciplinary lens that draws on human geography, strategy and international business, and international political economy, we propose an integrated conceptual framework for two periods—the 1990s–early 2010s and the post‐Paris Agreement era—to explore the nature of strategic responses by O&G companies to these global economic and environmental shifts. We illustrate the linkage of O&G companies' two strategies of (re‐)globalization and decarbonization by the aspects of production, finance, and knowledge as internal structures. Energy security is one of the priorities in the macro external environment. It is becoming increasingly difficult for O&G companies to deal with current dilemmas: climate goals require a significant reduction in fossil fuel production and consumption, and pressures from governments, nongovernmental organizations, and investors threaten the long‐term survival of O&G companies, while fossil fuel demand will remain high in the short to medium term. At the same time, the post‐pandemic recovery and Russia's war in Ukraine are resulting in a re‐assessment of the benefits of unfettered globalization. Therefore, global O&G companies face dual challenges in the new era of (re‐)globalization and decarbonization and need to make changes to ensure their future viability.This article is categorized under: The Carbon Economy and Climate Mitigation > Decarbonizing Energy and/or Reducing Demand

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Offshore oil and gas firms’ involvement in offshore wind: Technological frames and undercurrents

Cited by 41 publications

References 41 publications

Incumbents’ diversification and cross-sectorial energy industry dynamics

Incumbents’ diversification and cross-sectorial energy industry dynamics

Established sectors expediting clean technology industries? The Norwegian oil and gas sector's influence on offshore wind power

Globalization and decarbonization: Changing strategies of global oil and gas companies

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