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bp to exit U.S. offshore wind market as Trump administration tightens oversight

bp to exit U.S. offshore wind market as Trump administration tightens oversight

by Offshore Reporter | Oct 22, 2025 | Wind

bp and Japan’s JERA are winding down their U.S. offshore wind joint venture, JERA Nex bp, citing an unfavorable policy environment under the Trump administration. The decision halts the planned 2.5-GW Beacon Wind project off Massachusetts amid a broader industry pullback.

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bp to exit U.S. offshore wind market as Trump administration tightens oversight

Latest News

UK offshore expertise spotlighted as African producers pursue faster oil and gas development

Nexans launches ‘Electra’ cable-laying vessel at Ulstein Verft, advancing offshore electrification

TGS accelerates Brazil exploration imaging with Pelotas Norte Phase I survey

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