Behind Big Oil’s headline-making – if slow-rolling – transition into renewables, a wider ripple-out is travelling through the industry’s supply chain, with a stand-out trend gathering pace in the offshore energy sector , where contractors that had historically drawn a huge slice of their revenue from the world’s maritime hydrocarbon basins are now rapidly reinventing themselves for the international offshore wind market.
'In the next 5-10 years 50% of our offshore work will be non-oil'
Slow as Big Oil's energy transition may be taking shape, many its contractors are not waiting around to start diversifying into renewables, led by offshore wind – Italy's Saipem is a prime example
29 January 2020 14:35 GMT
Updated
29 January 2020 14:59 GMT
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