Bloomberg: A Mighty Wind Tries to Lift Rig Builders Past Oil's Downturn

September 27, 2016



(Article from Gulf Island Fabrication Inc. has for decades built hulking platforms to extract oil and natural gas from the seabed. With the collapse of offshore drilling, the company has turned to helping harvest another energy resource: wind.


Gulf Island built all five turbine foundations for the first U.S. offshore wind farm, which is expected to go into service in November. Oil and gas services companies worked on almost every facet of Deepwater Wind LLC’s 30-megawatt project in Rhode Island, supplying engineers, deckhands, construction vessels and decades of expertise building massive structures at sea.




“We’ve been looking to do offshore wind for 10 years,” said Zachary Finucane, project manager for Keystone Engineering Inc. of Mandeville, Louisiana. The company has worked on offshore oil platforms for almost 30 years and designed foundations for the Block Island turbines.


Read the full article here.


Photo Credit: Deepwater Wind



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