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.
Equinor extends Deepsea Atlantic drilling contract into late 2027
Equinor has exercised options for two additional wells for Odfjell Drilling’s Deepsea Atlantic,...
