Advertisement
Singapore markets closed
  • Straits Times Index

    3,224.01
    -27.70 (-0.85%)
     
  • Nikkei

    40,355.00
    +186.93 (+0.47%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Bitcoin USD

    70,446.39
    +831.49 (+1.19%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • Dow

    39,807.37
    +47.29 (+0.12%)
     
  • Nasdaq

    16,379.46
    -20.06 (-0.12%)
     
  • Gold

    2,254.80
    +16.40 (+0.73%)
     
  • Crude Oil

    83.11
    -0.06 (-0.07%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • FTSE Bursa Malaysia

    1,541.25
    +10.65 (+0.70%)
     
  • Jakarta Composite Index

    7,288.81
    -21.28 (-0.29%)
     
  • PSE Index

    6,903.53
    +5.36 (+0.08%)
     

Shell bolsters offshore wind interests with bid in U.S. tender

The logo of Royal Dutch Shell plc is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. REUTERS/Lucas Jackson

LONDON (Reuters) - Royal Dutch Shell (RDSa.L) has been shortlisted by the U.S. government to make a bid for an offshore wind project licence in the waters off North Carolina, as it comes under pressure from shareholders to diversify into green energy.

Shell, as well as Norway's Statoil (STL.OL), qualified to participate in the upcoming leasing round offshore Kitty Hawk, the U.S. interior ministry said on Tuesday. The lease award is set for March 16.

Shell's core business of producing oil and gas is reeling after more than two years of weak prices.

The company has limited experience in building offshore wind farms but last month won a bid to build a 700-megawatt offshore wind farm in the Netherlands, together with more experienced partners.

ADVERTISEMENT

Statoil is also increasing its presence in the sector and last month secured a lease to build a wind farm offshore New York.

Energy companies Avangrid Inc (AGR.N) and Enbridge Inc (ENB.TO) were also among the shortlisted firms.

(Reporting by Karolin Schaps; editing by Susan Thomas)