EconomyTrump administration finalizes $480 million loan to Arena Energy

The Trump administration finalized a $480 million loan to private Texas-based Arena Energy to help increase oil and natural gas production in the Gulf of Mexico, the Department of Energy said Tuesday. It is the first aid of its kind.

energyoil and gasArena Energy

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RReuters★★★☆☆2026-11-10 22:40Original