European oil majors are scrambling to ramp up investment in renewable energy. Big Oil is increasingly eyeing opportunities in the booming offshore wind market. Oil companies can use their offshore expertise and deep pockets to carve out their own piece of the $1 trillion pie. European oil majors are boosting investment in renewable energy sources as they aim to become net-zero energy companies by 2050 and slash carbon emissions. And there is one renewable energy sector where Big Oil has a lot to offer and a lot to gain—offshore wind. Oil and gas majors can use their offshore expertise and deep pockets to finance and develop offshore wind farms in an industry estimated to attract nearly $1 trillion over the next decade. Offshore wind opportunities will help Big Oil gain a more prominent role in low-carbon energy, help them reduce operational emissions from offshore oil and gas fields powered […]