Blaming Trump, Equinor books a $955 million US offshore wind writedown

Blaming Trump, Equinor Books a $955 Million US Offshore Wind Writedown

Blaming Trump, Equinor books a $955 million US offshore wind writedown

Norway's Equinor booked on Wednesday a $955 million impairment on an offshore wind project in the United States, citing U.S. tariffs and the uncertainty of the U.S. regulatory environment under President Donald Trump.

Equinor, Shell, BP News Illustrates the Failing Energy Transition

This article is from David Blackmon’s Substack, and we highly recommend you follow him. His spot on his analysis of the oil majors and their move away from ‘renewables”. And brings up the other topic quietly, is the new Chairman of the Board of BP being brought on to move to the US to increase shareholder value when they sell? BP Appoints New Chairman with Experience of Relocation to New York In a world where energy policy swings like a pendulum…

Equinor Reports $763 Million Impairment on Empire Wind Amid Regulatory Setbacks

Equinor has reported a significant impairment of $763 million related to its Empire Wind 1 offshore wind project and South Brooklyn Marine Terminal development in its second quarter 2025 financial...

Windtech International - Equinor reports offshore wind impairment linked to USA regulatory changes

Equinor has reported an impairment of USD 955 million in the second quarter of 2025, primarily related to its offshore wind activities in the USA. The impairment stems from regulatory changes that have reduced future synergies for the Empire Wind 1 and South Brooklyn Marine Terminal project, and increased tariff exposure.