The United States and French energy major TotalEnergies said on Monday they would redirect nearly $1 billion from offshore wind leases to U.S. oil and natural gas production.The agreement marks a new strategy in the Trump administration's wide-ranging effort to stymie development of U.S. offshore wind projects, which President Donald Trump has said he finds ugly, costly and inefficient.
The Danish motor and service company Hoyer VMS Group has recently presented financial results with strong growth on both the top and bottom lines. Revenue totaled USD1$35 million (DKK 867 million) in 2025 compared to USD$114 million (DKK 733 million) in 2024, while earnings of USD$18 million (DKK 118 million; EBITDA) were USD$1.25 million (DKK 8 million) higher than the previous year.
U.S. officials are drafting agreements to pay nearly $1 billion to oil major TotalEnergies as compensation for the cancellation of leases for wind farms in federal waters off New York State and North Carolina, the New York Times reported on Tuesday.Under the terms of the proposed settlements, the U.S.