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Equinor ASA

Equinor ASA

Norwegian offshore wind developer

Appears in 2 stories

Stories

Trump freezes $28 billion in east coast wind farms

Rule Changes

Norwegian state-owned energy giant developing Empire Wind 1 off New York. - Empire Wind construction resumed after January 15 preliminary injunction from Trump-appointed judge

On December 22, 2025, Interior Secretary Doug Burgum paused every major offshore wind farm under construction off the East Coast. Vineyard Wind, Revolution Wind, Sunrise Wind, Empire Wind, and Coastal Virginia Offshore Wind—representing $28 billion in investment and enough power for millions of homes—all stopped work on orders from Washington citing radar interference and national security risks near military installations.

Updated Feb 10

Trump’s Gulf lease sale kicks off 30-auction offshore drilling spree

Rule Changes

Norwegian energy company developing Empire Wind project off New York. - Suing Trump administration over offshore wind project freeze

Donald Trump's second-term energy agenda has moved from a single Gulf auction to a full-scale offshore transformation. The December 10 Gulf lease sale—81.2 million acres at a 12.5% royalty rate, generating $279.4 million—was just the opening move. By year's end, the administration had proposed a sweeping 2026-2031 leasing plan covering 1.27 billion acres off California, Florida and Alaska, scheduled a second Gulf sale for March 11, 2026, and simultaneously halted all five major East Coast offshore wind projects, claiming national security risks. A major Shell-INEOS oil discovery south of New Orleans in early January underscored the industry bet on deepwater Gulf prospects.

Updated Jan 8