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Neil Gordon, chief executive of Subsea UK

 

Subsea UK, an industry body representing more than 300 firms dealing with subsea oil and gas technology, has urged its members to look elsewhere, towards renewables, in order to reduce their dependence on the cyclical oil and gas industry.

With global offshore wind expenditure expected to reach £210 billion over the next ten years, Subsea UK is encouraging companies to expand into the renewables  sector to sustain long-term growth.

The industry body, in partnership with Scottish Enterprise, will be running an event on 2nd August to examine why harnessing a range of renewable resources is essential if the industry is to ensure security and longevity of the UK’s energy supply.

The event will explore the opportunities in offshore wind, as well as provide practical help and advice on market entry in a bid to reduce dependence on the cyclical oil and gas industry, said Subsea UK.

Neil Gordon, chief executive of Subsea UK, said: “While oil and gas remains the dominant energy industry in the UK, companies are quickly beginning to realize the vital role that offshore renewables will play in the future energy mix.

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