Shell had been spending heavily in offshore wind, aiming to leverage its experience extracting oil and gas at sea to become a leader in the technology. But soaring costs in the sector and a renewed focus on driving returns for shareholders under CEO Wael Sawan has led the company to back away from the energy source.
Suriname offers 60% of offshore acreage to accelerate Guiana basin oil exploration
Suriname has opened 60% of its offshore acreage through a new Open-Door Offering aimed at...
