TotalEnergies to Relinquish U.S. Offshore Wind Projects


   
Maria Eugenia Garcia
DTN Energy Editor

   HOUSTON, TX (DTN)-- TotalEnergies and the U.S. Department of the Interior 
(DOI) agreed on Monday (3/23) to redirect the company's $1billion of offshore 
wind investments toward oil, natural gas and LNG production in the United 
States.

   TotalEnergies pledged not to pursue offshore developments in the United 
States as part of a deal sign with the DOI during the first day of the 
conference CERAWeek by S&P Global in Houston.

   The French operator will relinquish its Carolina Long Bay lease and its New 
York Bight lease. both awarded in 2022.

   U.S. Secretary of the Interior Doug Burgum said that the repurposing of 
Total Energies was due to national security concerns and economic factors. 




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