US Gov’t Drafting Agreements to Pay French Developer Nearly USD 1 Billion to Cancel Offshore Wind Leases – Reports

March 17 (offshoreWIND.biz) The US government is working on settlement agreements that involve the government cancelling TotalEnergies’ Attentive Energy and Carolina Long Bay offshore wind leases and reimbursing the French energy company USD 928 million (around EUR 806 million) for the financial bids through which it secured the two areas in lease sales during the... Continue Reading →

March 17, 2026 0

Argentina says US Justice Dept backs bid to halt discovery in YPF nationalization case

March 14 (Reuters) - The U.S. Justice Department has filed a memorandum supporting Argentina's bid to suspend a discovery process in a New York court case tied to the 2012 nationalization of ‌state oil company YPF, Argentina's Treasury Attorney's Office said on Saturday. The filing, submitted to the Southern District Court of New York, argues the current... Continue Reading →

March 16, 2026 0

With the wind at its back, Vineyard Wind crosses the finish line

March14 (newbedfordlight.org) A crew of Americans and Europeans, assisted by a heavy lift crane and high-tech bolting tools, hoisted and secured the 186th and final blade at Vineyard Wind on Friday, closing the lengthy chapter on the project installation, and cementing the “Forever First” project as the second but now largest commercial-scale offshore wind farm... Continue Reading →

March 14, 2026 0

Revolution Wind Starts Delivering Power

March 14 (offshoreWIND.biz) Revolution Wind has begun delivering electricity to the New England grid, Ørsted, which owns the US offshore wind farm together with Skyborn Renewables, said on 14 March. The offshore wind farm comprises 65 Siemens Gamesa SG 11.0-200 DD wind turbines and powers Rhode Island and Connecticut. Once fully commissioned, the 704 MW... Continue Reading →

March 14, 2026 0

Exxon looks to ditch New Jersey incorporation for Texas homecoming

March 10 (Reuters) - Exxon Mobil ‌is seeking to abandon its corporate registration in New Jersey and redomicile in Texas where its headquarters is located, the U.S. oil major said on Tuesday, in a move that could help bolster its defenses against activist shareholders and climate advocates. Exxon announced the proposal in a proxy filing. If the move is approved... Continue Reading →

March 10, 2026 0

Venezuela Halts 19 Maduro-Era Oil and Gas Contracts Pending Review

Feb. 27 (Reuters) Venezuela's oil ministry has suspended 19 oil production-sharing contracts with private companies signed under the administration of President Nicolas Maduro, four sources with knowledge of the move told Reuters on Thursday. The suspension has had no impact on the country's oil and gas output so far, the sources said. State oil giant... Continue Reading →

February 27, 2026 0

U.S. Department of Justice Sides With Argentina in $18 Billion YPF Lawsuit

Feb. 27 (oilprice.com) The U.S. Department of Justice is siding with Argentina in a legal case of $18 billion relating to the 2012 nationalization of Argentinian oil company YPF. In 2012, the Argentine government took control of the country’s largest oil and gas company, YPF S.A. The legal fight stems from Argentina’s 2012 expropriation of YPF shares... Continue Reading →

February 27, 2026 0

Nova Scotia Setting Up Framework for Offshore Wind Revenue

FEB. 26 (offshoreWIND.biz) The government of Nova Scotia has introduced legislation that would set bid fees and levies for offshore wind developers as part of the Canadian province’s broader offshore wind licensing regime. On 24 February, Premier of Nova Scotia, Tim Houston, tabled the Powering the Economy Act, which creates an Offshore Renewable Energy Revenue... Continue Reading →

February 26, 2026 0

Breaking News: US Supreme Court rules against Trump’s tariffs

Feb. 20 (Reuters) The U.S. Supreme Court has struck down sweeping tariffs that Trump pursued under a law meant for use in national emergencies. It hands a stinging defeat to the Republican president in a landmark opinion with major implications for the global economy. In a 6-3 ruling authored by conservative Chief Justice John Roberts, the justices upheld a lower court's... Continue Reading →

February 20, 2026 0

Trump Administration Files Appeal Against Court Ruling in Multi-State Offshore Wind Lawsuit

Feb. 19 (offshoreWIND.biz) The US Department of Justice, Environment & Natural Resources Division, filed a Notice of Appeal on 17 February in the case in which a federal judge ruled in favour of 18 states that sued the Trump administration over the sweeping ban on wind energy projects. In May 2025, seventeen US states and the District... Continue Reading →

February 19, 2026 0

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