"Cold Water Oil: Offshore Petroleum Cultures is a collection of essays examining how societies conceive of fossil fuel extraction in the inhospitable but fragile waters of the North Atlantic and Arctic oceans. Around a third of the world's oil and gas is produced from beneath the ocean floor,...

We investigate the effect of technology adoption on competition by leveraging a unique dataset on production, costs, and asset characteristics for North Sea upstream oil & gas companies. Relying on heterogeneity in the geological suitability of fields and a landmark decision of the Norwegian...