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.
Aberdeen port chief: North Sea oil and gas activity falling faster, port diversifying
Port of Aberdeen says the decline in oil and gas activity has accelerated. The longtime North Sea...
