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The Trump administration is planning to allow oil and gas drilling off the California coast for the first time in decades, according to a draft plan shared with the Washington Post.
[Read more…] about Trump plans to allow drilling off California coastLast Friday, President Donald Trump announced that the temporary suspension of offshore wind farm development off the New Jersey coast would become permanent.
[Read more…] about Trump says NJ offshore wind halt will be permanentThe California Legislature has approved the first part of the money needed to upgrade ports for floating offshore wind development.
[Read more…] about California approves $228 million for offshore wind port upgradesA federal court judge on Monday granted energy company Ørsted a preliminary injunction to resume work on its Revolution Wind turbine array off Rhode Island, lifting an Aug. 22 stop-work order by the Trump administration.
[Read more…] about Revolution Wind cleared to restart workIn its latest move to stymie offshore wind development, the Trump Administration asked a US federal judge on 12 September to rescind approval for US Wind’s 2.2-GW Maryland Offshore Wind project.
[Read more…] about Trump looks to rescind key permit for Maryland OWPØrsted has priced its $9.42 billion rights issue at 66.6 crowns ($10.46) per share, a 66.7% discount to the stock’s closing price on Friday, as it shores up its finances in the face of mounting challenges.
[Read more…] about Ørsted sets 67% discount for $9.4 bln rights issueØrsted and the states of Rhode Island and Connecticut sued the Trump administration on Thursday, alleging its decision to block construction of the nearly finished Revolution Wind project is illegal.
[Read more…] about Ørsted sues Trump administration over project haltAccording to Reuters the U.S. Commerce Department has opened a national security investigation into the import of wind turbines and components.
[Read more…] about US opens national security probe into imported wind turbinesOn 22 August 2025, Ørsted’s subsidiary Revolution Wind LLC received an order instructing the project to stop activities on the outer continental shelf related to the Revolution Wind project from the US Department of the Interior’s Bureau of Ocean Energy Management (BOEM).
[Read more…] about BOEM issued another stop-work order in USAEquinor booked a $955m impairment on its US offshore wind portfolio in the second quarter of 2025 amid regulatory challenges posed by the Trump administration.
[Read more…] about Equinor claims $955M impairment for US offshore projects