https://www.live-feeds.com/feed/trump-admin-pouring-480m-loan-into-gulf-of-america-oil-and-gas-projectContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/trump-admin-pouring-480m-loan-into-gulf-of-america-oil-and-gas-projecthttps://www.live-feeds.com/feed/trump-admin-pouring-480m-loan-into-gulf-of-america-oil-and-gas-project#u200225Sat, 14 Nov 2026 08:50:51 +0000The Trump administration has finalized a $480 million Department of Energy loan for Arena Energy to fund infrastructure improvements and drilling in shallow waters off the Louisiana coast in the Gulf of America. This marks the first federal aid of its kind provided directly to the oil and gas sector. Arena Energy closed the financing package to support Project Elkhorn, aimed at expanding regional energy production and infrastructure.Why it mattersThe Department of Energy financing represents a novel use of federal loan authority to support traditional fossil fuel extraction and infrastructure