Statoil, the world’s largest offshore oil and gas developer, is convinced its Hywind floating wind power concept will play a part in reducing carbon-dioxide emissions both off its native Norway and in international markets, its new head of division says.

But Sebastian Bringsvaerd, who took over as head of the company’s Hywind business unit in December, cautioned that the clock was ticking for the wider sector to reach commercialisation or “lose traction”.

“This