Oil And Gas Companies See Opportunity In Offshore Wind Energy
Oil and gas markets are ensnared by oversupply and falling prices, not to mention a global pandemic. It illustrates the need to be more responsive to changes in the energy climate. And the good news is that the signs are pointing to more investment in renewables, specifically offshore wind power.
The site of a former steel mill in Baltimore is highlighting the benefits — and hardships — created by a shift from polluting industries to renewable energy.
Offshore Wind to Attract More Than $200B Between 2020 and 2025
While the oil and gas sector remains the largest component of the offshore supply chain, we expect the offshore wind market to become more attractive for traditional oil and gas players.