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.
North Sea oil loadings to hit eight-year high as global supply glut builds
North Sea crude exports are set to reach their highest level since 2017, with December loadings...
