Empire Offshore Wind, a subsidiary of Equinor, has been notified by the Bureau of Ocean Energy Management (BOEM) of the US Department of the Interior that the stop-work order for its Empire Wind project has been lifted.

It was recently revealed that Equinor ASA (NYSE:EQNR) is set to resume construction on the Empire Wind project off the coast of New York. Let’s shed some light on the development. It was announced on May 19 that the Trump administration has lifted its month-old stop-order,

Shares of offshore wind developer Orsted rose 15% on Tuesday after the U.S. administration revoked an order to halt work on a project by peer Equinor, easing concerns over the Danish company's U.S. projects under development.