*REPOST* Big Oil’s painful offshore wind pivot

European oil majors throw caution to the wind by embracing razor-thin margins

* This article was first published in December 2021. Reposted August 2023 in response to a recent spate of offshore wind project cancellations *

European oil majors are jostling to become offshore wind heavyweights. Building capital-intensive projects at scale in familiar offshore environments, underpinned by guaranteed returns, has proved alluring. But …