TotalEnergies Atlantic Offshore Wind Lease Buyout
Sector: LNG • Location: United States
Source: Quartz
French energy company TotalEnergies agreed to abandon two Atlantic offshore wind projects after the Trump administration offered to buy out its federal leases for close to $1 billion. The agreement covers two lease areas off the New York coast and North Carolina. The federal government will reimburse TotalEnergies $928 million, the amount it originally paid to acquire those leases. The funds will
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | cancelled |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | French energy company TotalEnergies agreed to abandon two Atlantic offshore wind projects after the Trump administration offered to buy out its federal leases for close to $1 billion. The agreement covers two lease areas off the New York coast and North Carolina. The federal government will reimburse TotalEnergies $928 million, the amount it originally paid to acquire those leases. The funds will be redirected to LNG and oil projects in the U.S., including the Rio Grande LNG plant in Texas, drilling operations in the Gulf of Mexico, and shale production elsewhere. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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Article Published Date | Obfuscated Data |