Shell to sell Scottish offshore wind leases to refocus on oil and gas

Global Underwater Hub (GUH), the trade and development body which represents the UK’s £9.2 billion underwater industry, has published a white paper explaining its strategies to improve subsea cable systems for offshore wind projects.

Equinor ASA reined in its renewable-energy ambitions, less than two months after snapping up a $2.3 billion stake in Danish wind giant Orsted A/S. Rivals including BP and Shell are also returning their focus to the core oil and gas business.

Seatrium has been awarded a contract by Japan-based Penta-Ocean Construction (POC) to carry out the engineering, procurement and construction for a 5,000-ton fully-revolving Heavy Lift Vessel project for the Japanese offshore wind market.