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Norwegian Local Content Policy

In: Sovereign Wealth Funds, Local Content Policies and CSR

Author

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  • Jonathon W. Moses

    (Norwegian University of Science and Technology)

Abstract

The Norwegian petroleum industry is today strong and internationally competitive. Of course, this was not always the case: the industry was supported, protected, and nurtured at a time when states enjoyed much greater scope for sovereign autonomy. During a relatively short period of time, from about 1970–1986, the Norwegian authorities employed four main instruments to develop local competence in the sector: their unique licensing system, a strong national oil company (Statoil, now Equinor), a series of Technology Agreements and an autonomous regulatory regime that benefited domestic producers. None of these tools are used today, as Norwegian authorities now embrace a remarkably “hands-off” approach to managing the sector. This chapter describes this brief period of political activism, and the industry it created.

Suggested Citation

  • Jonathon W. Moses, 2021. "Norwegian Local Content Policy," CSR, Sustainability, Ethics & Governance, in: Eduardo G. Pereira & Rochelle Spencer & Jonathon W. Moses (ed.), Sovereign Wealth Funds, Local Content Policies and CSR, pages 423-435, Springer.
    • Handle: RePEc:spr:csrchp:978-3-030-56092-8_24
    DOI: 10.1007/978-3-030-56092-8_24
    as

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