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.
Aramco awards Subsea7 major offshore pipeline contract for Saudi Arabia
Subsea7 has secured a $750 million –$1.25 billion offshore contract with Aramco in Saudi Arabia...
