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.
GUH creates taskforce to improve subsea cable reliability, performance
Global Underwater Hub (GUH), the trade and development body which represents the UK’s £9.2 billion...