Skip to main content

Research Repository

Advanced Search

Regional assets and network switching: shifting geographies of ownership, control and capital in UK offshore oil

Bridge, Gavin; Dodge, Alexander

Regional assets and network switching: shifting geographies of ownership, control and capital in UK offshore oil Thumbnail


Authors

Alexander Dodge



Abstract

Evolutionary approaches to strategic coupling show how regions harness and match assets, then negotiate their alignment with lead firms. For regions intersected by multiple networks in the same industry, however, the reconfiguration of network-territory relations can have aggregate, co-evolutionary effects that exceed coupling to a single lead firm. In such cases network switching rather than asset matching can be a primary driver of regional transformation, as assets transferred from one lead firm to another become embedded in qualitatively different production networks with contrasting power dynamics and logics of value capture. We analyse transformation in UK offshore oil to reveal three trajectories of change—in ownership, control, and capital—arising from the transfer of regional assets between different categories of lead firm; and identify simultaneous processes of globalisation and localisation in network geographies. We argue that network switching—guided by a heuristic of ‘re-territorialisation’—can complement strategic coupling.

Citation

Bridge, G., & Dodge, A. (2022). Regional assets and network switching: shifting geographies of ownership, control and capital in UK offshore oil. Cambridge Journal of Regions, Economy and Society, https://doi.org/10.1093/cjres/rsac016

Journal Article Type Article
Acceptance Date Apr 21, 2022
Online Publication Date May 15, 2022
Publication Date 2022
Deposit Date May 26, 2022
Publicly Available Date May 26, 2022
Journal Cambridge Journal of Regions, Economy and Society
Print ISSN 1752-1378
Electronic ISSN 1752-1386
Publisher Cambridge Political Economy Society
Peer Reviewed Peer Reviewed
DOI https://doi.org/10.1093/cjres/rsac016

Files

Published Journal Article (1.4 Mb)
PDF

Publisher Licence URL
http://creativecommons.org/licenses/by/4.0/

Copyright Statement
© The Author(s) 2022. Published by Oxford University Press on behalf of the Cambridge Political Economy Society.
This is an Open Access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/), which permits unrestricted reuse, distribution, and reproduction in any medium, provided the original work is properly cited.







You might also like



Downloadable Citations