3 ms·
Interesting tidbit on why the oil & gas construction sector didn't do too well in offshore wind work, while the dredging industry seems to be doing well there:
by photochemsyn 4y ago
Interesting tidbit on why the oil & gas construction sector didn't do too well in offshore wind work, while the dredging industry seems to be doing well there:
> "Unfortunately, it quickly appeared that offshore wind was quite different from offshore oil & gas – serial construction rather than large bespoke structures, a capped revenue structure that means that cost discipline is a lot more important than simply getting things done (in oil & gas, the cashflows from a producing well are such that it is almost always worth it to spend more to get things done faster; in offshore wind, this is not the case)"
These are the kind of details that make the reader think, "This person knows what they're talking about, read more of their stuff."