# Bureau of Ocean Energy Management Type: organization Source: GetYourBrief — https://getyourbrief.com/entity/bureau-of-ocean-energy-management-organization Canonical HTML page: https://getyourbrief.com/entity/bureau-of-ocean-energy-management-organization ## Timeline - **2026-03-23**: Termination Deal — The Interior Department and TotalEnergies officially strike a deal to end the projects. - **2026-03-14**: Construction Completion — Final turbine is installed and the project prepares for full commercial operations. - **2025-06-10**: Renegotiation Phase — TotalEnergies enters discussions with BOEM regarding the viability of its U.S. offshore portfolio. - **2025-01**: Administration Shift — Trump takes office; industry monitors for potential policy changes regarding offshore leasing. - **2024-11-15**: Economic Headwinds — Rising interest rates and supply chain costs lead to project re-evaluations across the industry. - **2023-11**: Steel in the Water — First foundations are installed, marking the start of offshore construction. - **2022-02-23**: Lease Acquisition — TotalEnergies wins a major lease in the New York Bight auction for $795 million. - **2021-05**: Federal Approval — Project receives Record of Decision from BOEM, clearing the path for construction. ## Recent coverage (7 stories, network-wide) ### Duke Energy Redirects $129M from Canceled Wind Lease 2026-06-29 20:55:48 · Sector: finance · Sentiment: Negative · Impact: 6/10 · Sources: 2 Duke Energy will reinvest $129 million from a terminated offshore wind lease into new nuclear, natural gas, and grid upgrades, as part of a Trump administration buyout deal. The move reduces regulatory risk and potentially boosts Duke’s regulated earnings while keeping customer costs low. Full story: https://getfinancebrief.com/story/duke-energy-buyout-wind-lease-finance ### Duke Exits Wind Lease, $129M to Gas & Nuclear 2026-06-29 20:54:41 · Sector: climate · Sentiment: Negative · Impact: 6/10 · Sources: 2 The Trump administration secures Duke Energy’s surrender of an offshore wind lease in the Carolinas, with the utility redirecting $129M toward new nuclear and natural gas generation. The deal marks a setback for U.S. offshore wind ambitions and reinforces the administration’s anti-renewable energy stance. Full story: https://getclimatebrief.com/story/duke-energy-wind-lease-buyout-trump ### Trump Administration’s $1B Offshore Wind Buyout Signals Strategy Shift 2026-03-24 22:48:52 · Sector: climate · Sentiment: Negative · Impact: 7/10 · Sources: 6 The Trump administration has orchestrated a landmark $1 billion agreement to halt offshore wind development, marking a transition from regulatory hurdles to direct financial intervention. This move aims to permanently dismantle key projects while offering developers a taxpayer-funded exit from a sector facing mounting economic pressures. Full story: https://getclimatebrief.com/story/trump-offshore-wind-1-billion-deal-analysis ### TotalEnergies Exits US Offshore Wind Leases in Major Blow to Climate Goals 2026-03-24 20:41:58 · Sector: finance · Sentiment: Negative · Impact: 7/10 · Sources: 2 TotalEnergies has reached a settlement with the U.S. Department of the Interior to terminate its offshore wind lease agreements, marking a significant retreat from the American renewable energy market. The move highlights the persistent economic and regulatory hurdles facing large-scale offshore wind developments in U.S. waters. Full story: https://getfinancebrief.com/story/totalenergies-interior-deal-ending-us-offshore-wind ### TotalEnergies Exits US Offshore Wind Leases in Landmark Settlement with Interior 2026-03-24 20:38:35 · Sector: climate · Sentiment: Negative · Impact: 7/10 · Sources: 2 The US Department of the Interior and French energy giant TotalEnergies have reached a settlement to terminate several offshore wind projects, marking a significant setback for federal clean energy goals. The deal involves the relinquishment of leases in the Atlantic, reflecting the severe economic and logistical challenges currently facing the domestic wind industry. Full story: https://getclimatebrief.com/story/totalenergies-interior-offshore-wind-exit ### Trump Administration Pays TotalEnergies $1B to Abandon US Offshore Wind Leases 2026-03-24 16:13:52 · Sector: legal · Sentiment: Negative · Impact: 7/10 · Sources: 3 The Trump administration has finalized a landmark $1 billion agreement with French energy major TotalEnergies to cancel its offshore wind farm projects in U.S. waters. This unprecedented move signals a shift from regulatory obstruction to direct contractual buyouts as a means of halting renewable energy infrastructure. Full story: https://getlegalbrief.com/story/trump-administration-totalenergies-wind-buyout ### Major Offshore Wind Project Completed as Industry Navigates Trump Era 2026-03-14 16:20:55 · Sector: climate · Sentiment: Positive · Impact: 7/10 · Sources: 3 The completion of a major offshore wind farm marks the first significant utility-scale milestone for the sector under the second Trump administration. This development signals the resilience of existing project pipelines despite a shifting federal regulatory environment and historical executive skepticism toward wind energy. Full story: https://getclimatebrief.com/story/offshore-wind-completion-trump-administration --- This page is a machine-readable summary. Sentiment measures the directional read of each development for this entity, not the tone of the reporting; impact weights consequence, not syndication reach. See https://getyourbrief.com/guides/methodology for the full editorial methodology.