Service companies shift to wind to weather downturn

August 11, 2017

While the onshore oil and gas industry is shaking off the downturn and going back to work this year, many industry analysts do not expect offshore exploration activities to follow suit until sometime in 2018 at the earliest. This has placed a burden on offshore oil and gas service and supply companies to remain solvent. Offshore wind energy is one market where service companies are finding some success.

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