Oil and gas service contractors see chance to thrive during energy transition

Engineering outfits believe they can sustain margins as they diversify end markets away from oil and gas

Wind power: New Brighton lighthouse is pictured at sunset in north-west England, with the Burbo Bank Offshore Wind Farm visible on the horizon. Europe's renewable energy expansion is opening up new opportunities for service contractors that traditionally have served the fossil fuel industry.
Wind power: New Brighton lighthouse is pictured at sunset in north-west England, with the Burbo Bank Offshore Wind Farm visible on the horizon. Europe's renewable energy expansion is opening up new opportunities for service contractors that traditionally have served the fossil fuel industry.Photo: AFP/SCANPIX
Published 14 September 2020, 08:14Updated 17 September 2020, 11:32