TotalEnergies US Offshore Wind Lease Abandonment and Fossil Fuel Investment Shift
Sector: Government • Location: Texas, New York, New Jersey, North Carolina, United States
Source: Offshore Engineer Magazine
TotalEnergies and the US government agreed to redirect nearly $1 billion from offshore wind leases to oil and natural gas production in the US. The US will reimburse TotalEnergies for offshore wind lease purchases and TotalEnergies has pledged not to develop new offshore wind projects in the US. TotalEnergies will invest $928 million in 2026 in LNG plant development in Texas and upstream oil and s
- Status
- Closed
- Sector
- Government, Wind, Natural Gas, LNG, Oil and Gas
- Location
- Texas, New York, New Jersey, North Carolina, United States of America
- Updated
- 22 Jul 2026
- Source
- Offshore Engineer Magazine
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Project Information
Participants
| Not available for this record. |
Status
Original status | cancelled |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | TotalEnergies and the US government agreed to redirect nearly $1 billion from offshore wind leases to oil and natural gas production in the US. The US will reimburse TotalEnergies for offshore wind lease purchases and TotalEnergies has pledged not to develop new offshore wind projects in the US. TotalEnergies will invest $928 million in 2026 in LNG plant development in Texas and upstream oil and shale gas production in the US Gulf. |
Original sector | Energy |
Budget |
Location
Country | United States of America (USA) |
State | Texas, New York, New Jersey, North Carolina |
Source
Source | Offshore Engineer Magazine |
URL |
More Details
Record type | Project |
Sector | Government, Wind, Natural Gas, LNG, Oil and Gas |
Article published date | 2026-03-26 |
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