Oil and gas contracting stalwarts find new path in renewables

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While companies such as Norway’s OHT have invested in specialised vessels for offshore wind transport and installation services, traditional oil and gas contractors are becoming a common feature in the growth of the offshore wind sector.

Companies such as Saipem are utilizing their giant heavy-lifting vessel the Saipem 7000 on a growing list of wind projects including the Dogger Bank, Neart Na Gaoithe (NnG), and Seagreen wind farms in the UK, as well the jacket and topsides of the offshore substation at the St Brieuc wind farm. Such is the opportunity the Italian contractor has also begun to invest in specialised equipment for drilling monopiles, and management is now analysing proposals for modifying existing vessels or building specialised new ones.

Others such as Subsea7 are using spare capacity in their subsea construction assetts (cable lay, heavy lift, construction vessels) to further fuel the growth of the sector.

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