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.
Equatorial Guinea to launch 2026 upstream licensing round
Equatorial Guinea will launch its EG Ronda 2026 licensing round later this month. The licensing...
