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Oscar Nominations Announced

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Jan. 22 2008, Published 2:18 p.m. ET

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There Will Be Blood spilt at the Oscars this year and it may be at the hands of No Country for Old Men.

The two dramas lead the pack with eight nominations each as the field for the 80th Annual Academy Awards was announced (watch video ).

Competing alongside the two flicks are love epic and Globe winner Atonement, quirky indie Juno and the George Clooney-led Michael Clayton, which received seven nods.

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Good ol' George, who was a triple nominee (and one-time winner) two years ago, earned his fourth nomination in the Best Actor category, but he may have to play second banana to front-runner Daniel Day-Lewis in There Will Be Blood. Also in the running are first-time Globe winner Johnny Depp for his bloodthirsty role in Sweeney Todd — picking up his career third nomination — first-time nominee Viggo Mortensen for Eastern Promises and Tommy Lee Jones, a surprise nominee for In the Valley of Elah.

Already an Oscar winner for The Fugitive, Tommy also earned raves for his turn in No Country for Old Men, but missed out on double nominations as he was trumped in the supporting actor race by The Assassination of Jesse James' Casey Affleck (whose big bro Ben won an Oscar 10 years ago), critical favorite and No Country's Javier Bardem, Philip Seymour Hoffman for Charlie Wilson's War, Tom Wilkinson for Michael Clayton and Into the Wild's Hal Holbrook, who picked up his film's biggest nomination.

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Meanwhile, expectant mom Cate Blanchett could double her pleasure, receiving two nods for Best Actress (Elizabeth: The Golden Age) and Best Supporting Actress (I'm Not There), which makes her the seventh actress to score two nominations in one year. Her best chance for a win is in the latter, in which she gives a riveting portrayal of Bob Dylan. Against her are American Gangster's Ruby Dee, Gone Baby Gone's Amy Ryan, Michael Clayton's Tilda Swinton and 13-year-old Saoirse Ronan for Atonement, making it two consecutive years with a young nominee (Little Miss Sunshine's Abigail Breslin represented last year).

Nominated with Cate for Best Actress are favorite Julie Christie from Away From Her, French star Marion Cotillard for La Vie en Rose, Ellen Page for Juno and Laura Linney for The Savages, another shocker.

Laura's nomination came at the expense of Angelina Jolie, who was perceived to snag a nod for A Mighty Heart. Other big snubs include Atonement, coming up on the short end of the stick sans nods for Keira Knightley, James McAvoy and director Joe Wright, and Sean Penn's Into the Wild, which was left out in the cold in the picture, director, actor and supporting actress categories.

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Despite the writers' strike, which forced a scaled-down Golden Globes, Oscar producers hope to carry on with the award ceremony as planned. Jon Stewart will return to host for the second time when the show airs Sunday, Feb. 24.

The major nominees are below. See the full list .

Best Picture

Atonement

Juno

Michael Clayton

No Country for Old Men

There Will Be Blood

Best Director

The Diving Bell and the Butterfly, Julian Schnabel

Juno, Jason Reitman

Michael Clayton, Tony Gilroy

No Country for Old Men, Joel Coen and Ethan Coen

There Will Be Blood, Paul Thomas Anderson

Best Actor

George Clooney, Michael Clayton

Daniel Day-Lewis, There Will Be Blood

Johnny Depp, Sweeney Todd: The Demon Barber of Fleet Street

Tommy Lee Jones, In the Valley of Elah

Viggo Mortensen, Eastern Promises

Best Actress

Cate Blanchett, Elizabeth: The Golden Age

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Julie Christie, Away from Her

Marion Cotillard, La Vie en Rose

Laura Linney, The Savages

Ellen Page, Juno

Best Supporting Actor

Casey Affleck, The Assassination of Jesse James by the Coward Robert Ford

Javier Bardem, No Country for Old Men

Philip Seymour Hoffman, Charlie Wilson's War

Hal Holbrook, Into the Wild

Tom Wilkinson, Michael Clayton

Best Supporting Actress

Cate Blanchett, I'm Not There

Ruby Dee, American Gangster

Saoirse Ronan, Atonement

Amy Ryan, Gone Baby Gone

Tilda Swinton, Michael Clayton

Best Adapted Screenplay

Atonement

Away from Her

The Diving Bell and the Butterfly

No Country for Old Men

There Will Be Blood

Best Original Screenplay

Juno

Lars and the Real Girl

Michael Clayton

Ratatouille

The Savages

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