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.
Kongsberg introduces new UUC PM thruster sizes to boost offshore vessel performance
Kongsberg Maritime has expanded its UUC PM azimuth thruster range with two new high-thrust models,...
