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The latest announcement is out from Equinor ASA ( (GB:0M2Z) ).
Empire Offshore Wind LLC, a subsidiary of Equinor, has been ordered by the US government to halt offshore construction for the Empire Wind project until a review by the Bureau of Ocean Energy Management is completed. This project, which has the potential to power 500,000 New York homes, is currently under construction with over 1,500 workers involved. The halt could impact project financing and lead to termination fees, while Equinor is exploring legal remedies.
More about Equinor ASA
Equinor is a broad energy company with over 35 years of history in the US, investing more than $60 billion in oil, gas, and renewables.
YTD Price Performance: -3.24%
Average Trading Volume: 618,458
Technical Sentiment Signal: Hold
Current Market Cap: NOK676.8B
Learn more about 0M2Z stock on TipRanks’ Stock Analysis page.