Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Weatherford lands drilling contract for Woodside’s Trion deepwater development

July 29, 2025

Pemex posts first profit in over a year as Mexico finalizes $12 billion debt offering

July 29, 2025

Cenovus floated as potential competing bidder for hostile takeover target MEG Energy – Oil & Gas 360

July 29, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » Trump officials lift ban on Empire Wind project, allowing construction to resume – Oil & Gas 360
Interest Rates Impact on Oil

Trump officials lift ban on Empire Wind project, allowing construction to resume – Oil & Gas 360

omc_adminBy omc_adminMay 20, 2025No Comments2 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


(World Oil) – Following dialogue with regulators and federal, state, and city officials, the U.S. has lifted the stop-work order on the Empire Wind project, allowing construction to resume. Once complete, the offshore wind development will provide power for 500,000 New York homes, Equinor said in a statement.

Trump officials lift ban on Empire Wind project, allowing construction to resume- oil and gas 360

“I would like to thank President Trump for finding a solution that saves thousands of American jobs and provides for continued investments in energy infrastructure in the U.S.,” said Anders Opedal, President and CEO of Equinor ASA. “I am grateful to Governor Hochul for her constructive collaboration with the Trump Administration, without which we would not have been able to advance this project and secure energy for 500,000 homes in New York. We are very appreciative of New York City Mayor Adams, congressional leaders including Senator Schumer, Senator Gillibrand, Representative Garbarino, and Representative Goldman, as well as labor groups and other advocates that have maintained their steadfast support for the project.”

“I would like to thank the Norwegian Prime Minister Støre and Minister of Finance Stoltenberg for their support at a critical time, and that the Minister of Finance raised the situation with the U.S. administration,” Opedal continued.

“This project delivers on the energy ambitions shared by the United States and New York by providing a vital new source of power to the region. Empire Wind brings supply chain investments in states across the nation including New York, Louisiana, Pennsylvania, Texas and South Carolina,” said Molly Morris, President of Equinor Wind U.S.

“We appreciate the Trump administration’s swift review of the Empire Wind project and engagement with state and local governments and other stakeholders. Lifting the stop work order underscores the project’s critical role in safely advancing American energy, shipbuilding, workforce development and economic growth,” said National Ocean Industries Association (NOIA) President Erik Milito. “With power demand surging due to AI, data centers, and advanced manufacturing, offshore wind is an important part of an all-of-the-above solution.”

Equinor will perform an updated assessment of the project economics in the second quarter. Empire aims to be able to execute planned activities in the offshore installation window in 2025 and reach its planned commercial operation date in 2027. Empire will engage with suppliers and regulatory bodies to reduce the impact of the stop work order.



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Cenovus floated as potential competing bidder for hostile takeover target MEG Energy – Oil & Gas 360

July 29, 2025

U.S. onshore oil production soars to record highs – Oil & Gas 360

July 28, 2025

EU’s $750 billion energy deal with U.S. will be hard to attain, experts say – Oil & Gas 360

July 28, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20254 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views
Don't Miss

Weatherford lands drilling contract for Woodside’s Trion deepwater development

By omc_adminJuly 29, 2025

Weatherford has been awarded a significant contract to deliver Managed Pressure Drilling (MPD) services for…

Aramco, Cloudera collaborate to drive Saudi AI initiatives

July 28, 2025

Venture Global reaches $15.1 billion investment decision for CP2 LNG

July 28, 2025

What Is Carbon Insetting? What You Need to Know about the Strategy

July 28, 2025
Top Trending

Eastern US swelters from heatwave as high temperatures affect half of country | Extreme heat

By omc_adminJuly 28, 2025

Deutsche Bank Investment Bank Appoints Esra Turk as Global Head of Sustainable Finance

By omc_adminJuly 28, 2025

Green Project Technologies Acquires Supply Chain Decarbonization Platform Emitwise

By omc_adminJuly 28, 2025
Most Popular

Analysis: Reform-led councils threaten 6GW of solar and battery schemes across England

June 16, 20252 Views

Guest post: How ‘feedback loops’ and ‘non-linear thinking’ can inform climate policy

June 5, 20251 Views

The 5 Best Soundbars of 2025

May 6, 20251 Views
Our Picks

Pemex posts first profit in over a year as Mexico finalizes $12 billion debt offering

July 29, 2025

Pacific Petroleum Closes Acquisition of Wyoming Oil Assets

July 29, 2025

Venture Global reaches $15.1 billion investment decision for CP2 LNG

July 28, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.