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Governors Wind Energy Coalition
How the oil industry is shifting to offshore wind Source: By Mike Lee, E&E News reporter • Posted: Sunday, March 14, 2021
A tugboat owned by Crowley Maritime Corp. pulls 17 barges through New York Harbor in this 2009 file photo. The shipping company is shifting to the U.S. renewable sector after working closely with the oil industry for decades. Aero-Imaging, Inc/Newscom
In 1968, Florida-based shipping company Crowley Maritime Corp. loaded a drilling rig onto a barge, hauled it around the Alaska coast to a beach near Prudhoe Bay and helped to open the state’s North Slope oil field.
Saudi Arabia Plans $5bn Hydrogen Plant thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
As governments and industries seek less-polluting alternatives to hydrocarbons, the worlds biggest crude exporter doesnt want to cede the burgeoning hydrogen business to China, Europe or Australia and lose a potentially massive source of income.
Hydrogen is morphing from a niche power source used in zeppelins, rockets and nuclear weapons into big business, with the European Union alone committing $500 billion to scale up its infrastructure.