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Stock impact report

Equinor Halts Empire Wind Offshore Work After US Government Order [Yahoo! Finance]

Equinor ASA (EQNR) 
Last equinor asa earnings: 2/6 12:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
Bureau of Ocean Energy Management (“BOEM”) issued a halt work order. The order, received by Empire Offshore Wind LLC on April 16, requires an immediate cessation of all activities on the outer continental shelf until BOEM concludes its review. Empire, a joint venture led by Equinor Wind US LLC, is engaging with federal authorities to clarify the reasons behind the suspension. The company is also evaluating legal options, including the possibility of appealing the BOEM directive. Despite the order, Empire confirmed that it is complying fully and has promptly suspended relevant marine operations. The decision prioritizes worker and environmental safety as the project navigates this regulatory hurdle. Empire Wind 1, one of the two phases of the project, had already secured all required state and federal permits and was under active construction. The project is backed by a contract with the New York State Energy Research and Development Authority (“NYSERDA”) and is expected to provi Show less Read more
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