In December, the first auction for leases off the Pacific coast fetched more than $757 million. current time in gulf of mexico offshore. National Oceanic and Atmospheric Administration. 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 offshore wind by 2030 to help fight climate change. The utilization rate was 83.3 . block. The Gulf of Mexico is an angling mecca if ever there was one. The U.S. administration on Wednesday proposed the first-ever offshore wind lease sale in the Gulf of Mexico, as part of the government's plan to spur offshore wind deployment beyond the East Coast.. How would you describe staffing levels at your firm currently? The first sites will be off the coasts of Texas and Louisiana. George Bush Intercontinental Airport, IAH About 93 mi NNE of Gulf; William P. Hobby Airport, HOU About 74 mi NNE of Gulf; Austin-Bergstrom International Airport, AUS 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. 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 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 . Condensed Version for radio broadcast, Offshore Waters for the Tropical Atlantic and Caribbean, Offshore waters forecast synopsis for the Gulf of Mexico. A wind farm in the Gulf would be close to towns and cities that need a lot of power, including Houston, and diversifying sources of electricity could relieve congestion on the grid, she added. Am I crazy? After my mother died, my cousin took her designer purse, and my aunt took 8 paintings from her home then things really escalated, It broke me: Everyone says you need power of attorney, but nobody tells you how hard it is to use, Caterpillar CTO on what's driving the infrastructure industry. 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. BOEM recently announced (on July 20, 2022) the first two draft wind-energy areas (WEAs) off the coasts of . Policy would ban new ocean drilling but allow up to 11 lease sales in Gulf of Mexico and Alaska's south coast Edward Helmore Sat 2 Jul 2022 16.43 EDT Last modified on Sun 3 Jul 2022 14.45 EDT Well Permits Statistics. Radiofax Hardware Timely delivery of data and products through the Internet is not guaranteed. ", IHS Markit, Monthly number of offshore oil and gas rigs in the U.S. Gulf of Mexico from May 2021 to February 2023, by contract type Statista, https://www.statista.com/statistics/918575/gulf-of-mexico-offshore-oil-rig-count-by-contract-type/ (last visited March 04, 2023), Monthly number of offshore oil and gas rigs in the U.S. Gulf of Mexico from May 2021 to February 2023, by contract type [Graph], IHS Markit, February 17, 2023. Since the start of the current . Updated on: December 29, 2022 / 10:02 PM / CBS/AP. A paid subscription is required for full access. News & Technology for the Global Energy Industry. View the Status of Exploration and Development Plans Subject to Enhanced Safety and Environmental Requirements in the Gulf of Mexico. Onceall six platforms are online, they couldproduceup to560,000 barrels a day. 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 offshore wind by 2030 to help fight climate change. Share information on Gulf-wide multi-use initiatives and lay the foundation for continued interstate coordination. Learn more about how Statista can support your business. See the Marine Forecasts webpage which contains information on the dissemination of NWS marine weather forecasts including frequency and broadcast schedule information as well as links to products and related information. Fox News' Sean Hannity recently accused wind turbines of "contributing to the deaths of whales and bird life," and Rep. Marjorie Taylor Greene, R-Ga., claimed dead whales "keep washing up on the beach from wind farms." The mayors of 12 towns along the Jersey Shore signed a letter calling for a pause in offshore wind development. These actions, which include proposing the first-ever Gulf of Mexico offshore wind lease sale, are advancing President Bidens clean energy and economic agenda to revitalize American manufacturing and harness American innovation to deliver reliable, affordable power to homes and businesses, while saving families money and strengthening energy security.Todays actionsalongside investments from President Bidens Inflation Reduction Act and Bipartisan Infrastructure Lawwill spur offshore wind deployment beyond the East Coast, boost American leadership on floating offshore wind technologies, and create good-paying jobs for workers throughout the nation, by: President Biden has taken decisive action to jumpstart the American offshore wind industry, ushering in billions of dollars in investments since he took officeincluding $9.8 billion in new investments in 2022 alone, more than triple the previous year. All rights reserved. The announcement comes as the number of offshore oil and gas leases granted under the Biden administration have shrunk . Defense Daily subscriber and registered users, please log in here to access the content. Follow us to learn about opportunities to participate in our efforts and how we engage. Exxon Mobil Corp. and Hess Corp. have made significant discoveries in Guyana while TotalEnergies SE and APA Corp. are ramping up development in neighboring Suriname. This website requires certain cookies to work and uses other cookies to 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. USCG Broadcasts ENR NATURAL DISASTERS PREP & RECOVERY SPOTLIGHT In, IHS Markit. 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. Even as the industry recovers from the pandemic, its offshore investment globally is set to rise only 7% to $155 billion this year, compared withan 18% increasein shale investments, according to Rystad Energy, aconsulting firm. 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 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. But the wind does blow at just the right time along the Texas coast in the early evening as solar energy is fading, according to Crystal Shen, a senior project engineer in the renewables group at UL Solutions. 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. High Seas Forecasts Phone: 202-208-6474BOEM Public Affairs. Coastal/Great Lakes Forecasts, Radiofax Charts Thu, 12/08/2022 - 8:0011:45 am CT, National and Gulf-wide Sand Inventory Initiatives and Cooperative Agreements, Networking Break (to include polling questions on opportunities for additional collaboration), Discussion Opportunities for Additional Collaboration, Office of Public Affairs The proposed lease areas total nearly 302,000 acres. And late last year, the Biden administration allowed the federal governments five-year plan for offshore oil and gas leasing to expire for the first time in history, a lapse that will make new offshore leases difficult until a new plan is in place. ESI is a widely used approach to sensitive environment mapping in the U.S. Gulf of Mexico Offshore Monitoring Experiment (GOOMEX): marine chemistry, fish & shell-fish surveys, benthic organisms, pollutants, and current meter data. Building on Recent Administration Actions, Next Post: FACT SHEET: BIDEN-HARRIS ADMINISTRATION ANNOUNCES ACTION TO SAVE HOMEBUYERS AND HOMEOWNERS $800 PER YEAR, FACT SHEET: BIDEN-HARRIS ADMINISTRATION ANNOUNCES ACTION TO SAVE HOMEBUYERS AND HOMEOWNERS $800 PER, https://www.whitehouse.gov/briefing-room/statements-releases/2023/02/22/fact-sheet-biden-harris-administration-announces-actions-to-expand-offshore-wind-nationally-and-harness-more-reliable-affordable-clean-energy/?utm_source=link, Office of the United States Trade Representative, Federal-State Offshore Wind Implementation Partnership. National Weather Service. But Texas isnt without its own challenges. The number of new offshore discoveries worldwide has fallen to a 75-year low after oil companies slashed their budgets for deepwater exploration. On April 5, 2022, changes to the Tropical Analysis and Forecast Branch (TAFB) offshore marine zones were made. Bipartisan bill to make daylight-saving time permanent rolled out again. By visiting this website, certain cookies have already been set, which you may delete and block. "Monthly number of offshore oil and gas rigs in the U.S. Gulf of Mexico from May 2021 to February 2023, by contract type." Washington, D.C. 20240 Multiplied over a field of turbines, these siting decisions mean real differences in the profitability of a project. I've been on the via offshore rig. Todays announcement comes after years of engagement with Tribes, other government agencies, ocean users and stakeholders, and this proposed sale notice provides another opportunity for them to weigh in on potential offshore wind leasing in the Gulf of Mexico, said Klein. The Biden administration just proposed the first-ever offshore wind lease sale in the Gulf of Mexico off the coasts of Louisiana and Texas. NE Gulf N of 26N E of 87W. In addition to executive actions, the Administration is also working to swiftly implement provisions of President Bidens Inflation Reduction Act and Bipartisan Infrastructure Law that will further accelerate offshore wind, including clean energy tax credits to support manufacturing and deployment, as well as investments in transmission and port infrastructure.Building on Recent Administration Actions. 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. Someoffshore giants are increasingly setting their sights on waters beyond the Gulf of Mexico. {"Tags":[],"Categories":["Offshore"],"Excerpt":"ByPaul Takahashi (Bloomberg) A new wave of oil platforms is sweeping into the U.S. Gulf of Mexico as crude prices are riding historic levels anddemandfor barrels is higher than"}, Just enter your email and get hot news every morning. . Airports. How do you expect the Infrastructure Investment and Jobs Act to impact your firms backlog in the next 2-3 years? Get full access to all features within our Business Solutions. Wednesdays announcement of a lease sale in the Gulf comes after earlier announcements of lease sales of the U.S. East and West coasts. What impact does your firm expect from future IIJA funding? But opting out of some of these cookies may affect your browsing experience. Elizabeth Klein, director of the BOEM, in a statement said her group is committed to ensuring any offshore wind activities are done in a manner that avoids or minimizes potential impacts to the ocean and ocean users. The Proposed Sale Notice issued Wednesday initiates a 60-day public comment period for the lease sale. . Access to this and all other statistics on 80,000 topics from, Show sources 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 . (February 17, 2023). If you do a greenfield investment, youre exposing yourself to potentially 10 years of volatility, said Colin White, an offshore analyst with Rystad. Those shortcomings have pushed investment in battery storage. 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. Approximately 10 miles offshore and 30 feet underwater, giant cement blocks will help scientists better understand what's happening in the water. (AP Photo/David Goldman, File)David Goldman. of the Interior, through its Bureau of Ocean Energy Management (BOEM), said it would open more than 300,000 acres in the Gulf, an area that long has been a major part of U.S. exploration for crude oil and natural gas.
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