Engie confirmed talks with U.S. officials on canceling three offshore wind leases after the administration agreed to reimburse TotalEnergies for its U.S. offshore wind positions.
TotalEnergies EP Congo has made a new hydrocarbon discovery on the Moho license offshore Congo, where the MHNM-6 NFW well encountered about 160 m of hydrocarbons. The company plans to develop the find, alongside earlier Moho F discoveries, through a tie-back to existing Moho facilities.
US lawmakers Alexandria Ocasio-Cortez and Ed Markey are seeking legal and funding details on a planned $928 million payment to TotalEnergies tied to the cancellation of offshore wind projects off the US East Coast.
The Trump administration is shifting its offshore wind approach toward lease buyouts tied to oil and gas reinvestment, though the model may not fit renewable-focused developers.
The US decision to reimburse TotalEnergies for two cancelled offshore wind leases is sending disruption through offshore transport, installation vessel planning, fabrication schedules and global supply chains.
TotalEnergies will relinquish two U.S. offshore wind leases under agreements with the Department of the Interior and redirect an equal amount of refunded lease fees into U.S. Gas & Power development.
The US is preparing to reimburse TotalEnergies more than $928 million as it moves to cancel the Attentive Energy and Carolina Long Bay offshore wind leases.
Liberia has started offshore exploration work with TotalEnergies across four PSA blocks, while new seismic processing and storage plans support broader energy sector activity.
TotalEnergies booked a $700 million impairment in Q4 2025 mainly tied to offshore wind within its Integrated Power segment. Total impairments reached $900 million, while net renewable generation rose to 8.1 TWh and the portfolio increased to 19 GW.
