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Home/News Feed/TotalEnergies exits US offshore wind, reallocates funds to gas projects and LNG exports.
TTE
$80.81
-$0.10 -0.13%

TotalEnergies exits US offshore wind, reallocates funds to gas projects and LNG exports.

Market News
24 Mar 2026
Lekha Gupta
View Source
Bullish
pluang ai news

TotalEnergies has agreed with the U.S. Department of the Interior to relinquish its offshore wind leases in the U.S., citing higher costs and potential negative impacts on power affordability compared to Europe. The company will recover its lease fees and reinvest an equal amount into U.S. gas and power production, including LNG export capacity. This strategic pivot supports U.S. gas development and aims to supply Europe with LNG, while also backing domestic energy needs like data centers. The move reflects TotalEnergies' focus on more cost-effective energy solutions in the U.S. market.

More News (TTE)

TotalEnergies remains attractively valued with strong dividend growth potential, says analyst.

TotalEnergies remains attractively valued with strong dividend growth potential, says analyst.

TotalEnergies SE is currently trading at a price-to-earnings ratio below 12, which is lower than both the S&P 500 average and its own historical average, making it attractively valued. Despite recent strong returns, the stock is still conservatively ...

Analyst Insights
Bullish
5 hours ago
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