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.
DeepOcean adds Orient Adventurer to its advanced subsea fleet
DeepOcean has signed a charter contract for the high-spec subsea vessel Orient Adventurer. The new capacity aligns with the company’s subsea capabilities across both the offshore renewables and conventional energy sectors in multiple regions.