By Nora Buli OSLO (Reuters) -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.

The administration’s order that stopped work on the New York project served as a warning for the entire offshore wind industry in the U.S.

The Trump administration has reversed its highly controversial stop-work order on the Empire Wind 1 project, allowing construction of New York’s largest offshore wind farm to resume, officials announced Monday,

Measure in tax bill to compensate investors for losses by 'subsequent federal actions' currently geared up for fossil sectors and may not even be effective, say experts

Trump's energy and climate policies have sparked a wave of lawsuits from states, organizations, and industry leaders, with Equinor's Empire Wind 1 project at the forefront.

Equinor, the Norwegian-based energy company, said this week it is within days of having to decide whether to scrap its Empire Wind I offshore wind project.

Oil giant insists offshore wind has role in its energy transition ambitions but New York setback has turned up the temperature