U.S. Interior, TotalEnergies Reach Deal to Exit Offshore Wind, Redirect $1 Billion to Oil and Gas

The U.S Interior Department on March 23 announced an agreement with TotalEnergies to terminate two offshore wind leases and redirect roughly $1 billion toward domestic oil, natural gas, and liquefied natural gas development, marking a shift in federal energy priorities toward conventional resources. Under the agreement, TotalEnergies will invest about $928 million in 2026 across…...