Joe Biden has claimed victory in the US presidential election, with consultancy Wood Mackenzie believing it will provide a boost to offshore wind but could cause concern for offshore US oil and gas production.

Biden claimed victory in the US election over the weekend, surpassing the 270 electoral votes required to clinch victory from current US President Donald Trump.

'Significant consequences'

WoodMac vice-chair Ed Crooks claims the incoming Biden administration could have some “significant consequences” in shaping the US energy industry.