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.
Jackdaw project moves toward UK approval after consultation closes
The UK public consultation for Adura's Jackdaw gas project has closed, moving the North Sea...
