Wind Could Rescue Offshore Helicopter Industry | Aviation International News

Wind Could Rescue Offshore Helicopter Industry

Study predicts $166 billion investment in U.S. offshore wind by 2035.

Instead of supporting oil rigs, the offshore helicopter industry sees opportunity in supporting a growing, offshore wind farm market.

By Mark Huber • Contributor

September 15, 2020

As the price of oil tumbled below $40 per barrel last month—again—the offshore market reeled from the news that nearly half of offshore rigs currently being constructed likely would be scrapped and that commercial banks had all but completely turned off the money tap to offshore energy companies. For the beleaguered offshore helicopter industry that serves this market the news could hardly be worse.

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