On April 5, 2022, changes to the Tropical Analysis and Forecast Branch (TAFB) offshore marine zones were made. The administration also has said it wants to deploy another 15 GW of offshore wind power from floating turbines by 2035. Others from Chevron Corp., Shell and Beacon Offshore Energy are expected to start production in two years. By visiting Phone: 202-208-6474BOEM Public Affairs. Multiplied over a field of turbines, these siting decisions mean real differences in the profitability of a project. See more about APs climate initiative here. Register in seconds and access exclusive features. Because the Gulf of Mexico already has so much infrastructure in place, operators are shifting to an infrastructure-led exploration strategy.. Amateur Radio ", FOSSIL FUEL PROFITS ARE VITAL FOR GREEN ENERGY PROJECTS DEMS ROUTINELY TOUT, But while offshore oil and gas leases have sputtered under Biden, his administration is hoping to make up the difference with its latest offshore wind sale. IHS Markit. These are particularly necessary further off Californias coast where the Pacific floor drops off considerably and platforms cant be anchored. Wednesdays announcement continues the administrations push for offshore wind farms off the nations coastlines. National Offshore Sand Inventory (NOSI) Update and Projects Supported by NOSI - Ashley Long, BOEM. If you do a greenfield investment, youre exposing yourself to potentially 10 years of volatility, said Colin White, an offshore analyst with Rystad. (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. Strong NW winds are behind the front over the NW Gulf, with gale force N winds . ", It will also require lessees to summarize their "engagement with Tribes and ocean users potentially affected by proposed offshore wind activities. Please do not hesitate to contact me. 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. current time in gulf of mexico offshore. Several projects already are being developed along the East Coast, home to the nations first-ever wind power development, the Block Island project off the coast of Rhode Island. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Best States is an interactive platform developed by U.S. News for ranking the 50 U.S. states, alongside news analysis and daily reporting. Wednesdays announcement of a lease sale in the Gulf comes after earlier announcements of lease sales of the U.S. East and West coasts. It said the Gulf of Mexico lease sale will auction three sites off the coast of Galveston, Texas, and Lake Charles, Louisiana. NG00, Stay informed daily on the latest news and advice on COVID-19 from the editors at U.S. News & World Report. Bipartisan bill to make daylight-saving time permanent rolled out again. These areas have the potential to generate enough clean energy to power almost 1.3 million homes. Texas has more wind turbines than any other state. This category only includes cookies that ensures basic functionalities and security features of the website. The wind turbine charges a bank of batteries, thus enabling efficient wind turbine power distribution throughout the grid. On April 5, 2022, changes to the Tropical Analysis and Forecast Branch (TAFB) offshore marine zones were made. When do you expect states/localities in your area to start advertising Infrastructure Investment and Jobs Act-funded projects? Offshore waters forecasts are subdivided by zone, each identified by text description and a Universal Generic Code (UGC). Email: [emailprotected] Phone: +1.805.704.2536. Last year, Shell said its global oil production had peaked in 2019 while BP in 2020 said it would cutoil and gas production worldwide40% by 2030. USCG Broadcasts Regulatory concernsalso loom large over the offshore sector, which relieson regular federal lease auctions to maintain output. Other big factors for deciding where to build include how much port and transmission infrastructure there is, and whether the seafloor allows for drilling, Shen said. Visit our updated. The Interior Department will open over 300,000 acres in the Gulf, long dominated by fossil-fuel drilling CL00, +1.41% via offshore rig. ENR NATURAL DISASTERS PREP & RECOVERY SPOTLIGHT We earn $400,000 and spend beyond our means. National Weather Service 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. 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. The Gulf Coast, which has been home to numerous offshore oil and gas wells, could . What impact does your firm expect from future IIJA funding? The first sites will be off the coasts of Texas and Louisiana. This is NOT a complete listing of National Weather Service marine forecast products. If leases remain suspended, Gulf production could be halved by 2040, according to the National Ocean Industries Association, which represents the offshore oil and wind industries. 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 . The Biden administration has leased 1.7 million offshore acres for oil and gas in its first two years, fewer than any president since President Richard Nixon and about a third seen in President Barack Obamas first two years, according to the American Petroleum Institute (API). The announcement comes as the number of offshore oil and gas leases granted under the Biden administration have shrunk . This page is also available in a text version. 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 . This statistic is not included in your account. Marine, Tropical and Tsunami Services Branch1325 East-West Hwy, 13th floorCommunications OfficeSilver Spring, MD 20910Comments? You can only download this statistic as a Premium user. The US administration has proposed the first-ever offshore wind lease sale in the Gulf of Mexico. Youve got this tone and tenor that in many respects has had a chill on the investment community and on companies.. Im 66, we have more than $2 million, I just want to golf can I retire? All rights reserved. But dont count on the new productionto close the oil-supply gap that hasplaguedthe worlds economies since the pandemic. The sale remains tentative. Accessed March 04, 2023. https://www.statista.com/statistics/918575/gulf-of-mexico-offshore-oil-rig-count-by-contract-type/, IHS Markit. Regional Sediment Management Update - Elizabeth Godsey, United States Army Corps of Engineers. 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. 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 . CHEMO II: Stability and Change in Gulf of Mexico Chemosynthetic Communities. Then you can access your favorite statistics via the star in the header. ICLN, The U.S. has trailed Europe and other areas in the development of offshore wind; a major project off the Iberian Peninsula was announced earlier this week. The best states in the U.S. come from coast to coast. The waters in the Gulf are shallow enough for traditional technology that secures wind turbines to the ocean floor. Links 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. Offshore projects cost billions and rarely come online in less than a decade. BIZ Magazine. Wed,02/22/23-2:05PM, 313 Reads. (AP Photo/David Goldman, File), Global Race to Boost Electric Vehicle Range in Cold Weather, Reports: 3 Children Dead, 2 Wounded in Attack at Texas Home, Paid Express Lanes Grow More Popular in Once-Reluctant South. Someoffshore giants are increasingly setting their sights on waters beyond the Gulf of Mexico. I think it has a future, but its not as bright as it once was, said James West, an analyst at Evercore ISI. The offshore sector has beenbattered by back-to-back busts and a pandemic that forced mass layoffs and bankruptcies. Since Jan. 1, what is the overall trend in your region for construction materials prices (year over year)? Global Maritime Distress and Safety System Gulf producers extracted 1.7 million barrels of oil per day in January, still shy of the pre-pandemic record of 2 million barrels a day. Among the top 10 states with the most wind turbines, Texas ranks the highest with over 10,000 more turbines than second-ranked Iowa. Weather Charts, Dissemination National Environmental Policy Act and Offshore Renewable Energy, Gulf of Mexico Interactive Lease Statistics Dashboard, Western and Central GOM Topographic Features Stipulation Map Package, Top Ten Highest Bids on a Single Block for All Gulf Sales, Top Ten Highest Number of Bids on a Single Block for All Gulf Sales, Oil Spill Financial Responsibility (OSFR) for Offshore Facilities, High-Resolution Geophysical Survey Application, Biostratigraphic Chart of the Gulf of Mexico Offshore Regions, Jurassic to Quaternary, Seismic Water Bottom Anomalies Map Gallery, Gulf of Mexico Property and Collateral List Reports. This website requires certain cookies to work and uses other cookies to help you have the best experience. Yep, . It was welcome news for the offshore energy lobby and . The environmental group Clean Ocean Action has joined . The attack in April was part of a stunning surge of piracy in the southern Gulf of Mexico, a threat that prompted an American government security alert on Wednesday.

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