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TotalEnergies released from $1-billion U.S. offshore wind leases, pivots to oil and gas

TotalEnergies released from $1-billion U.S. offshore wind leases, pivots to oil and gas

by Offshore Reporter | Mar 23, 2026 | Wind

TotalEnergies is exiting $1 billion in U.S. offshore wind leases and redirecting capital toward LNG and oil investments, signaling a policy-driven shift in energy priorities as Washington pushes for expanded fossil fuel development.

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TotalEnergies released from $1-billion U.S. offshore wind leases, pivots to oil and gas

Latest News

Tethered BOP technology enables DP rigs to drill in shallow water

Why decommissioning is really a waste management problem

Realizing efficient well abandonment safely: How modular systems redefine rig-less subsea and mudline well decommissioning

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