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Washington, D.C. 20240 It was welcome news for the offshore energy lobby and . (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. Please create an employee account to be able to mark statistics as favorites. Even with the new platforms coming online, Gulf oil production wontgrow substantiallyin the coming years as maturefields decline, according to analysts. Rachel Koning Beals is a MarketWatch news editor in Chicago. These cookies do not store any personal information. 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. Wednesdays announcement continues the administrations push for offshore wind farms off the nations coastlines. The ruling does not affect the South Atlantic SEFHIER program. But its reinvented itself more times than people thought.. 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. News & Technology for the Global Energy Industry. The types of data collected by the buoys include current direction and speed, wind direction and speed, wave height and period, atmospheric pressure, air temperature and water temperature. How would you describe staffing levels at your firm currently? 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. Read: Biden pushing wind power off New York and New Jersey in record lease offering. 1X. Energy consulting firmWood Mackenzieis more bullish, forecasting crude and natural gas production this year could jump to the equivalent of 2.3 million oil barrels per day. By visiting While advancing the first large-scale projects, and new manufacturing and port activity along the East Coast, the Administration has also supported development of the entire supply chain that stretches across other regions, from steel production in Alabama, Kentucky, and West Virginia to shipbuilding in Texas, Louisiana, Mississippi, and beyond. These areas have the potential to generate enough clean energy to power almost 1.3 million homes. WASHINGTON - The latest in a long series of Louisiana efforts . National Oceanic and Atmospheric Administration. With strong, consistent winds in the Gulf, offshore wind will help reduce pollution and strengthen our electric grid. The President has also set bold goals of deploying 30 gigawatts (GW) of offshore wind by 2030, as well as 15 GW specifically of floating offshore wind by 2035. Because the Gulf of Mexico already has so much infrastructure in place, operators are shifting to an infrastructure-led exploration strategy.. All rights reserved. National Data Buoy Center. National Offshore Sand Inventory (NOSI) Update and Projects Supported by NOSI - Ashley Long, BOEM. This website requires certain cookies to work and uses other cookies to help you have the best experience. The platform is designed to engage citizens and government leaders in a discussion about what needs improvement across the country. View the Status of Exploration and Development Plans Subject to Enhanced Safety and Environmental Requirements in the Gulf of Mexico. Floating turbines enable wind farm deployments in deeper water. The strike involves Unites ByKari Lundgren and Christian Wienberg (Bloomberg) Norways Equinor ASA agreed to buy Suncor Energy UK Ltd. for $850 million, adding to its oil and gas production in the North Get the latest gCaptain articles and breaking news, For general inquiries and to contact us, please email: [emailprotected], To submit a story idea or contact our editors, please email: [emailprotected]. It will also help secure our nations energy independence while reducing costs for consumers, said Josh Kaplowitz, vice president for offshore wind with trade group,The American Clean Power Association. The Gulf of Mexico is an angling mecca if ever there was one. 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 . The proposed sale, which could take place as soon as this summer . The current administration remains keen to encourage offshore wind deployment beyond the East Coast of the US. 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. Those against wind say the turbines can be noisy and unappealing aesthetically, and can sometimes adversely impact the physical environment around them. The announcement comes as the number of offshore oil and gas leases granted under the Biden administration have shrunk . By. Stennis Space Center, MS 39529. Statista. Companies have slashed deepwater exploration budgets primarily in response to recent oil busts and the pandemic, which squeezed revenues. Design, CMS, Hosting & Web Development :: ePublishing. 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. You need at least a Starter Account to use this feature. It was viewed 11 times while on Public Inspection. Significant Sediment Resource Area Update - Jessica . Greenhouse gas emissions are behind global warming, sparking more severe storms, drought and eroding coast lines. Recent Updates The proposed lease areas total nearly 302,000 acres. From building ships big enough to transport wind turbine blades to boasting a workforce experienced in working offshore, Texas is well-positioned to be a leader in the offshore wind industry.. Phone: 202-208-6474BOEM Public Affairs. The move is part of a wider administration goal of offshore wind installations up and down America . 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 . Other Marine Forecasts from the NWS. 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 . Clicking on the map below takes you to TAFB's marine services webpage where you can get offshore forecasts and warnings for the tropical Atlantic, Gulf of Mexico and Caribbean in many different forms, including text and graphics. [Online]. The Biden administration just proposed the first-ever offshore wind lease sale in the Gulf of Mexico off the coasts of Louisiana and Texas. Onceall six platforms are online, they couldproduceup to560,000 barrels a day. The Biden-Harris administration has set a target of 30 gigawatts of offshore wind energy capacity by 2030. wind power is also intermittent, meaning that turbines are reliant on weather and therefore arent capable of generating electricity 24/7. United States, Date 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. 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. The fossil-fuel industry has both fought against the spread of wind power and has placed selective investments in the technology. ", "Americas clean energy transition is happening right here and now," said Interior Secretary Deb Haaland in a statement. 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. 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 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. As soon as this statistic is updated, you will immediately be notified via e-mail. Among the top 10 states with the most wind turbines, Texas ranks the highest with over 10,000 more turbines than second-ranked Iowa. February 17, 2023. February 22, 2023 at 11:14 p.m. EST. By some measures, offshore platforms are lessenvironmentally damaging because theyemit about half the greenhouse gas levelsoftheir shale counterparts, according to S&P Global. These are particularly necessary further off Californias coast where the Pacific floor drops off considerably and platforms cant be anchored. 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. This material may not be published, broadcast, rewritten or redistributed. National Weather Service. By clicking Accept, you consent to the use of ALL the cookies. 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). National Weather Service this website. The Gulf of Mexico has long experience in the offshore energy industry and that will benefit projects in the new lease areas, Framme added. The comment period for the first proposed offshore wind sale in the Gulf of Mexico is now open! Similar webpages for Coastal/Great Lakes Forecasts by Zone and High Seas Marine Forecasts are also available. The first sites will be off the coasts of Texas and Louisiana. Yep, . Okaloosa-Walton County Line to Mexico Beach 20 to 60 NM out. The Gulf of Mexico is a semi-enclosed basin connected, to the south, to the Caribbean Sea, and to the North Atlantic Ocean to the east. These forecasts are prepared by the Ocean Prediction Center, National Hurricane Center, Honolulu Forecast Office, Juneau Forecast Office, Anchorage Forecast Office, and Fairbanks Forecast Office. 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 first auction for leases off the Pacific Coast, held in December of last year, brought in more than $757 million. I would be hard-pressed to say that offshoreis on the decline because we keep improving our technology, including our seismic imaging, said Starlee Sykes, the senior vice president overseeing the Gulf of Mexico for BP Americas. About Bidens Department of the Interior said Wednesday that this announcement is part of its effort to "grow Americas clean energy economy. Wed,02/22/23-2:05PM, 313 Reads. Offshore Forecasts Share information on Gulf-wide multi-use initiatives and lay the foundation for continued interstate coordination. Discuss outcomes of recent sand inventory efforts. The announcement comes as the number of offshore oil and gas leases granted under the Biden administration have shrunk to historic lows. The area offshore Lake Charles could be modified and possibly shrunk based on the comments received, and BOEM may decide to offer only one of two lease areas proposed off Galveston. Outer Continental Shelf, Gulf of Mexico Region, Oil and Gas Production Forecast: 2022-2031; OCS Report BOEM 2017-082 - U.S. Interior is "considering lease stipulations to ensure that communities, particularly underserved communities, are considered and engaged with early and often throughout the offshore wind energy development process, that potential impacts and benefits from lessees projects are documented, and lessees project proposals are informed by or altered to address those impacts and benefits. Im 66, we have more than $2 million, I just want to golf can I retire? Get full access to all features within our Business Solutions. All Rights Reserved BNP Media. Marketed contracted reflects all marketed rigs that have a contract in place. 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. -. 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. In December, the first auction for leases off the Pacific coast fetched more than $757 million. 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. The ideal entry-level account for individual users. BP Plcs Argos and Shell Plcs Vito floating production platforms that are taller than 20-story buildings and havedecks the size of football fields will start pumping crudeoff the Louisiana shore later this year. Meanwhile, in February 2022, a lease sale in the New York Bight pulled in an unprecedented $4.37 billion. 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. It was first brought to public attention when contamination at the site was noticed in 2010 . ", 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. Since Jan. 1, what is the overall trend in your region for construction materials prices (year over year)? 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 . Customize forecasts for any offshore location and save them for future use. 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. Growth was primarily driven by lease auction fees, though more than $4.4 billion was directed to port infrastructure, supply chain development, and transmission. 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. Many electric vehicle batteries lose power when it's very cold, News reports say three children have been killed and two other children wounded in an attack at a home in Texas on Friday afternoon, Southern states are more frequently turning to pay-to-use express lanes as a way to address highway congestion without raising taxes. help you have the best experience while on the site. Biden had small cancerous lesion removed, White House doctor says, Nikki Haley tells CPAC audience she cant believe that Biden is letting China get away with so much, Jon Stewart to GOP state senator: You dont give a flying f about gun violence, Ron DeSantis skips CPAC, says Republicans act like potted plants when facing woke ideology. Those shortcomings have pushed investment in battery storage. On April 5, 2022, changes to the Tropical Analysis and Forecast Branch (TAFB) offshore marine zones were made. Learn more about how Statista can support your business. President of the United States since 2021. "At the Department, we are taking action to jumpstart our offshore wind industry and harness American innovation to deliver reliable, affordable power to homes and businesses.". Other key findings from the report include: The advancement of an offshore wind lease sale in the Gulf of Mexico is a game-changer, said Liz Burdock, founder and CEO of the Business Network for Offshore Wind, in a statement provided to POWER. Wednesdays announcement of a lease sale in the Gulf comes after earlier announcements of lease sales of the U.S. East and West coasts. ", RISING GAS PRICES FUEL SMALL BUSINESS CONCERNS AS BIDEN ADMIN ASKS FOR VENEZUELA'S HELP: 'VERY FRUSTRATING'. Timely delivery of data and products through the Internet is not guaranteed. 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. A Mariner's Guide to Marine Weather Services. This PDF is the current document as it appeared on Public Inspection on 02/23/2023 at 8:45 am. Business Solutions including all features. The utilization rate was 83.3 . 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.