Should oil and gas firms target floating wind?

Floating wind installations are gaining traction across the world, particularly in the UK, France, Japan and the US. The World Bank predicts that floating offshore wind could also play a leading role in the energy mix for countries such as Brazil, Vietnam and South Africa in the future, representing a potential for large-scale projects located close to areas of concentrated energy demand.

Oil and gas majors are uniquely positioned to capitalize on years of logistical and commercial experience in offshore developments by expanding their portfolios to include floating wind projects.

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