It is the longest-running oil spill in U.S. history. Flower Garden Banks National Marine Sanctuary Weather Buoys The total supply of offshore oil and gas rigs in the U.S. Gulf of Mexico was 45 in the week of February 17, 2023. Published by Jessica Aizarani , Feb 28, 2023. Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. Washington, DC 20500, Proposes first-ever Gulf of Mexico offshore wind lease sale; welcomes California and Louisiana to Federal-State Partnership to build Americas supply chain and increase skilled workforce for offshore wind. On Feb. 22, the Biden administration announced the first auction of offshore wind leases in the Gulf of Mexico. ", The government will also require companies to contribute to a fisheries compensatory mitigation fund to redress "potential negative impacts to commercial and for-hire recreational fishers caused by offshore wind development in the Gulf of Mexico. Offshore Drilling in Gulf of Mexico Makes Too-Little, Too - gCaptain They include aproposed sale notice for a 102,480-acre area off Lake Charles, Louisiana, and two areas near Galveston, Texas, of 102,480 and 96,786 acres. This page is also available in a text version. But Texas isnt without its own challenges. The Network looks forward to BOEMs continued work advancing the lease areas and encourage the agency to maintain the maximum potential developable acreage while it coordinates with other ocean users, Burdock said. Instead of launching megaprojects to explore in ever deeper waters farther from shore, producers are increasingly shifting to smaller designs and subsea tiebacks, which connect new oil and gas production to existing networks of platforms and pipelines. Someoffshore giants are increasingly setting their sights on waters beyond the Gulf of Mexico. In a proposed sale notice (PSN), the Bureau of Ocean Energy Management identified a 102,480-acre area off the coast of Lake Charles, Louisiana, and two The offshore sector has beenbattered by back-to-back busts and a pandemic that forced mass layoffs and bankruptcies. U.S. Gov't Proposes First-ever Offshore Wind Lease Sale in Gulf of Mexico How would you describe staffing levels at your firm currently? 1600 Pennsylvania Ave NW Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. The Biden administration said Wednesday it is considering the first-ever lease sale for offshore wind energy in the Gulf of Mexico, a key part of a push to deploy 30 gigawatts of offshore wind by 2030 to help fight climate change, Biden Considers 1st Offshore Wind Auction in Gulf of Mexico, FILE - The five turbines of America's first offshore wind farm, owned by the Danish company, Orsted, are seen from a tour boat off the coast of Block Island, R.I., Oct. 17, 2022. Claims about offshore wind farms killing whales are unsubstantiated BP and Shell remain committed to the regioneven as theyshift investment away fromoil and gas to meetnet-zero ambitions. (AP) The Biden administration said Wednesday it is considering the first-ever lease sale for offshore wind energy in the Gulf of Mexico, a key part of a push to deploy 30 gigawatts of offshore wind by 2030 to help fight climate change. 1849 C Street, NW The Biden administration on Wednesday announced the governments first-ever offshore "wind lease sale" in the Gulf of Mexico, which will give companies a chance to bid on areas of the Gulf Coast to produce wind energy and contribute to Americas "clean energy transition.". By harnessing our abundance of renewable natural resources, these projects will unleash economic growth here at home andcreategood paying jobs. BOEM recently announced (on July 20, 2022) the first two draft wind-energy areas (WEAs) off the coasts of . Business Solutions including all features. You also have the option to opt-out of these cookies. + -. This is NOT a complete listing of National Weather Service marine forecast products. The Biden administration set a goal of deploying 30 gigawatts of offshore wind by 2030 using traditional technology that secures wind turbines to the ocean floor, enough to power 10 million homes. We use cookies on our website to give you the most relevant experience. Offshore revenue sharing considered by US House committee | Local ", It will also require lessees to summarize their "engagement with Tribes and ocean users potentially affected by proposed offshore wind activities. By 2035, the administration aims to deploy a further 15 gigawatts of wind power through floating turbines. Biden considers 1st offshore wind auction in Gulf of Mexico The Biden administration on Feb. 22 announced the first-ever lease sale for offshore wind power development in the Gulf of Mexico. this website, certain cookies have already been set, which you may delete and Marine Forecasts Associated Press climate and environmental coverage receives support from several private foundations. For more than a decade, East Coast states have led the way in setting ambitious offshore wind goals, and now, they have strong partners in President Biden and his administration, Governor Gavin Newsom of California and Governor John Bel Edwards of Louisiana. The Biden administration on Wednesday proposed the first-ever offshore wind lease sale in the Gulf of Mexico as part of a larger plan to install offshore wind sites along the country's coasts . The result will be industry-wide innovations making offshore wind development more efficient and less expensive while maintaining strong safety and environmental protections and leading to substantial export opportunities for American businesses. BOEM to Hold Gulf of Mexico Oil, Gas Lease Sale in March. OCS Report BOEM 2022-022- U.S. The proposed sale is part of the leasing path announced by Secretary Haaland in 2021 to meet the U.S. administration's goal to deploy 30 gigawatts (GW) of offshore wind energy capacity by 2030 and follows the Department's approval of the nation's first two commercial-scale offshore wind projects. The Biden administration has a goal of building at least 30 GW of offshore wind power generation capacity by 2030. The Gulf of Mexico announcement follows earlier Biden team news on lease sales off the East and West coasts of the U.S. 2023 Access Intelligence, LLC - All Rights Reserved. 8:15 a.m. National and Gulf-wide Sand Inventory Initiatives and Cooperative Agreements. TGS and SLB Collaborate on Ultra-Long Offset OBN Survey in U.S. Gulf of Multiplied over a field of turbines, these siting decisions mean real differences in the profitability of a project. A bloom of the toxic algae known as red tide continues on the Southwest Florida coast this week as spring break season gets underway on area beaches. The Bureau of Ocean Energy Management plans to open a 60-day public comment period on Friday. The Gulf continues to be the nation's primary offshore source of oil and gas, generating about 97% of all U.S. OCS oil and gas production. +2.18% In 2016 NREL reported that the Gulf holds about 15% of the US' gross offshore wind energy potential and 25% of the country's technical offshore wind energy potential. The proposed sale, which could take place as soon as this summer . NWS Dissemination Methods, Items of Interest On April 5, 2022, changes to the Tropical Analysis and Forecast Branch (TAFB) offshore marine zones were made. USCG Broadcasts Taylor Energy oil spill - Wikipedia Current local time in Mexico - Ciudad de Mxico - Mexico City. Foreign companies are investing in U.S. offshore wind as they look to expand their global footprints at a time when industry analysts say U.S. development is poised for major growth. Best States is an interactive platform developed by U.S. News for ranking the 50 U.S. states, alongside news analysis and daily reporting. Profit from the additional features of your individual account. BOEM will further coordinate with DoD and the lessee to deconflict potential impacts throughout the project . Safety Wednesdays announcement continues the administrations push for offshore wind farms off the nations coastlines. The Gulf of Mexico is an angling mecca if ever there was one. Visit our privacy Claims about offshore wind farms killing whales are unsubstantiated Subsea7, a company that provides services to offshore oil and gas industries, has reached a deal to acquire a majority of Seaway7s remaining shares, giving it full control over its March 3 (Reuters)About 50offshoreworkers on BPNorth Sea installations have backed strike action in a dispute over pay and overtime rates, British union Unite said on Friday. The Shell Perdido offshore production platform in the Gulf of Mexico. No one would have thought there would be a renewal in the Permian before the shale boom, so I personally think its a long way from over, she said, referring to theGulf of Mexico. The main dynamical feature of the Gulf of Mexico is the Loop Current, which is a portion, upstream of the Gulf Stream, of the North Atlantic western boundary current that carries ocean waters from the Tropics towards the high latitudes. and cookie policy to learn more about the cookies we use and how we use your Even with the new platforms coming online, Gulf oil production wontgrow substantiallyin the coming years as maturefields decline, according to analysts. Biden administration announces first-ever wind energy lease sale in Americas clean energy transition is happening right here and now. Offshore projects cost billions and rarely come online in less than a decade. These cookies will be stored in your browser only with your consent. ENR NATURAL DISASTERS PREP & RECOVERY SPOTLIGHT Text. Deepwater Horizon Support at NODC - National Centers for Environmental FACT SHEET: Biden-Harris Administration Announces Actions to Expand Gulf of Mexico Fishing: The Complete Guide - FishingBooker Blog Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. The number of new offshore discoveries worldwide has fallen to a 75-year low after oil companies slashed their budgets for deepwater exploration. Helicopter with 4 on board crashes in Gulf of Mexico - CBS News Im 66, we have more than $2 million, I just want to golf can I retire? Government studies have shown that the Gulf of Mexicos shallow waters, and its proximity to oil and gas infrastructure, make it a promising area for offshore wind development. This website uses cookies to improve your experience while you navigate through the website. Some groups said the value of boosting wind in markets were traditional energy has been a feature of the economy is important. The Gulf is the nations primary offshore source of oil and gas, generating about 97% of all oil and gas production on the U.S. This statistic is not included in your account. (2 minutes) Some of the world's largest oil companies have been ordered to pay part of a $7.2 billion tab to retire hundreds of aging wells in the Gulf of Mexico that . When do you expect states/localities in your area to start advertising Infrastructure Investment and Jobs Act-funded projects? FILE - The five turbines of America's first offshore wind farm, owned by the Danish company, Orsted, are seen from a tour boat off the coast of Block Island, R.I., Oct. 17, 2022. Receive updates on BOEM Marine Minerals Program (MMP) and Sand Management Working Group (SMWG) efforts. "Monthly Number of Offshore Oil and Gas Rigs in The U.S. Gulf of Mexico from May 2021 to February 2023, by Contract Type. Theres probably some growth still left in the Gulf of Mexico, but its a more modest growth.. But its reinvented itself more times than people thought.. The wind turbine charges a bank of batteries, thus enabling efficient wind turbine power distribution throughout the grid. Show publisher information Across Louisiana, bp employs some 400 people and supports more than 6,200 additional jobs, spending about $65 million annually with over 50 suppliers.. Offshore teams also receive 24/7 support including constant communication and real-time data . This material may not be published, broadcast, rewritten or redistributed. This means the Gulf program is currently not in effect. Announces First Sale of Rights for California Offshore Wind Development, Biden Administration Throws Support Behind Floating Offshore Wind, Entergy Grows Revenue, Increases Customer Satisfaction with Value-Added Services, Flexible & Reliable: Optimal performance amid variable power generation, AI in Renewables: The Secrets to Successfully Scaling a Diversified Fleet, Over the year, 664 new organizations registered with the Business Networks. Bidens Department of the Interior said Wednesday that this announcement is part of its effort to "grow Americas clean energy economy. Biden considers 1st offshore wind auction in Gulf of Mexico Subsea System (SS) ranges from single subsea wells producing to a nearby platform, FPS, or TLP to multiple wells producing through a manifold and pipeline system to a distant production facility. It will also help secure our nations energy independence while reducing costs for consumers, said Josh Kaplowitz, American Clean Powers (ACPs) Vice President for Offshore Wind, in a statement provided to POWER. The FPS can be used in a range of water depths from 600 to 7,500 feet. The Biden-Harris administration has set a target of 30 gigawatts of offshore wind energy capacity by 2030. Feedback Rachel Koning Beals is a MarketWatch news editor in Chicago. The National Ocean Industries Association (NOIA), a trade group for offshore energy businesses, said offshore wind would complement the Gulfs existing energy industry. Enter your email and get some awesome stuff every week. Could 2023 be the year offshore wind energy takes off in the US? If you're fishing with a local captain, however, this will be . Biden considers first offshore wind auction in Gulf of Mexico To support its Gulf of Mexico business, bp maintains a logistics base in Port Fourchon, Louisiana, along with a heliport in Houma, Louisiana. In FY2021, revenues totaled $4.1 Billion from OCS oil and gas activities. Read: Biden pushing wind power off New York and New Jersey in record lease offering. CL00, Copyright 2023 MarketWatch, Inc. All rights reserved. National Offshore Sand Inventory (NOSI) Update and Projects Supported by NOSI - Ashley Long, BOEM. The proposed sale, which could take place as soon as this summer, includes areas offshore Lake Charles, Louisiana and Galveston, Texas, for roughly 3.6 gigawatts of electricity, enough to power about 1.3 million homes. Since the start of the current . Leaflet. U.S. proposes three offshore wind areas in Gulf of Mexico U.S. federal authorities have set out three lease areas for offshore wind development off the coast of Louisiana and Texas in the first auction in the Gulf of Mexico. Marine Weather - National Weather Service Camille Manning-Broome on LinkedIn: Gulf of Mexico Activities The Evergreen State takes the top spot again in the U.S. News Best States ranking on the strength of its tech sector and other industries. These funds are distributed to the U.S. Treasury and several different programs through various revenue sharing laws. There are several different types of buoys in the northwestern Gulf of Mexico that can provide information about on-site conditions near the sanctuary. The Gulf of Mexico announcement comes on the heels of the 2023 U.S. Offshore Wind Market Report, produced by the Business Network for Offshore Wind. That statistic shows how effectively the Biden administration has been at keeping Bidens promise to dramatically shut down new oil and gas drilling. Marketed contracted reflects all marketed rigs that have a contract in place. The Biden . Environmentalists condemn Biden administration's offshore drilling plan Recent Updates At the Department, we are taking action to jump-start our offshore wind industry and harness American innovation to deliver reliable, affordable power to homes and businesses, Interior Secretary Deb Haaland said in a statement. The US administration has proposed the first-ever offshore wind lease sale in the Gulf of Mexico. Links Additionally it announced plans in the fall to develop floating platforms in the deep ocean for wind towers that could vastly expand offshore wind in the United States, with up to 15 gigawatts of electricity from floating sites by 2035 to power 5 million homes. IHS Markit. Offshore wind contracts increased 36% last year, the majority of which went to U.S. firms, according to the report. A paid subscription is required for full access. Necessary cookies are absolutely essential for the website to function properly. National Oceanic and Atmospheric Administration February 17, 2023. The Interior Department recently held lease sales for offshore wind projects in New York and New Jersey, North Carolina and South Carolina, and the first-ever Pacific sale off the shore of California. Were sitting in a situation where its been coming up on two years without the issuance of offshore leases, likely to be three or four, said Erik Milito, NOIAs president. Danish wind developer rsted is already investing in infrastructure and vessels in the Gulf region for its planned U.S. offshore wind farms. Latest News, Program Information The Biden administration said Wednesday, Feb. 22, 2023, it is considering the first-ever lease sale for offshore wind energy in the Gulf of Mexico, a key part of a push to deploy 30 gigawatts of . The sale remains tentative. Strong to gale force S winds are occurring E of the front over the eastern and central Gulf. The interior secretary says there is no time to waste. The Interior Department's five-year offshore leasing plan is required by law. ICLN, Bodies of 4 Who Died in Gulf of Mexico Helicopter Crash Are Recovered The current loops around the Gulf, flows southeastward into the Florida Strait where it serves as a parent to the Florida current and ultimately joins the Gulf Stream. Advancing Offshore Wind in the Gulf of Mexico: For the first time, the Department of the Interior (DOI) is announcing a proposed offshore wind lease sale for three areas in the Gulf of Mexico . API argues that the oil and gas industry needs time in advance to scout sites and search for energy reserves in the Gulf and elsewhere, that Bidens slowdown in offshore lease sales for oil and gas is creating massive uncertainty in the industry and potential energy supply problems down the road. We also use third-party cookies that help us analyze and understand how you use this website. The industrys poor financial performance in recent years, as well as investor pressure due to environmental concerns, have hampered itsability to tapWall Streetto financeoffshore projects. In December, the first auction for leases off the Pacific coast fetched more than $757 million. Gulf companies are already instrumental in the development of the U.S. market and by opening new lease areas on their doorstep we will leverage our unique domestic expertise even further. The plan would mainly limit drilling to the Gulf of Mexico, with one proposed lease sale in waters off Alaska. Biden admin launches first 'offshore wind lease sale' in Gulf of Mexico

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