Updated on: December 29, 2022 / 10:02 PM / CBS/AP. 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. Because the Gulf of Mexico already has so much infrastructure in place, operators are shifting to an infrastructure-led exploration strategy.. Danish wind developer rsted is already investing in infrastructure and vessels in the Gulf region for its planned U.S. offshore wind farms. As soon as this statistic is updated, you will immediately be notified via e-mail. Luke Metzger, executive director of Environment Texas, in a statement to POWER said, Offshore wind will be a great complement to Texas onshore renewable energy resources. 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. But dont count on the new productionto close the oil-supply gap that hasplaguedthe worlds economies since the pandemic. Defense Daily subscriber and registered users, please log in here to access the content. Amateur Radio USCG Broadcasts Since the first offshore rig was built off the coast of Louisiana in 1938, the Gulf of Mexico has beena reliable source of domestic oil. 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 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 . In, IHS Markit. BOEM will further coordinate with DoD and the lessee to deconflict potential impacts throughout the project . These cookies do not store any personal information. Discuss outcomes of recent sand inventory efforts. This website requires certain cookies to work and uses other cookies to help you have the best experience. BP has said its existing Gulf of Mexico fields can break even with crude prices in the low-$30s, making it some of the lowest-cost oil in the world to produce. US Dept of Commerce View all Special Ad Sections Safety The number of new offshore discoveries worldwide has fallen to a 75-year low after oil companies slashed their budgets for deepwater exploration. 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 Gulf of Mexico has long experience in the offshore energy industry and that will benefit projects in the new lease areas, Framme added. Lisa Frank, executive director of the Washington (D.C.) Legislative Office of Environment America, in a statement emailed to POWER after Wednesdays announcement, said, We have the power to run our lives entirely on clean, renewable energy from the wind and sun, and these actions by the Biden administration move us closer to that brighter future. This proposed lease sale will continue the legacy of energy production in the Gulf of Mexico, providing Americans with an affordable clean energy supply. I think it has a future, but its not as bright as it once was, said James West, an analyst at Evercore ISI. Are you interested in testing our business 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 . Marine, Tropical and Tsunami Services Branch1325 East-West Hwy, 13th floorCommunications OfficeSilver Spring, MD 20910Comments? data. The move comes as we're due to spring forward March 12. February 22, 2023, 12:05 PM. Please do not hesitate to contact me. On Feb. 22, the Biden administration announced the first auction of offshore wind leases in the Gulf of Mexico. While wind farms in the region could help power and lower energy costs for at least 9 million homes, significant infrastructure upgrades would be needed to supply electricity from the region to other parts of the state, the Texas Tribune has reported. this website. Enter your email and get some awesome stuff every week. anglers between the age of 16-65 require a valid fishing license to cast a line in the Gulf. The Gulf Coast, which has been home to numerous offshore oil and gas wells, could . Radiofax Hardware March 1, 2023. Washington, D.C. 20240 All Rights Reserved BNP Media. OCS Report BOEM 2022-022- U.S. This website requires certain cookies to work and uses other cookies to The Biden administration announced the first-ever lease sale for offshore wind power in the Gulf of Mexico on Wednesday, the next phase among recent moves that are already adding wind power up and down the U.S. Atlantic and Pacific coasts. February 22, 2023 at 11:14 p.m. EST. 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. Contracts for offshore wind development rose 36% over the past year, with most of those contracts going to U.S.-based project developers. Updated Monthly Data last updated on 3/1/2023 11:00 AM (CST) Permit Type. Not a subscriber or a registered user yet? Regularly Updated Operational Coral Bleaching Monitoring Products: NWS 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. By visiting this website, certain cookies have already been set, which you may delete and block. The first sites will be off the coasts of Texas and Louisiana. It is mandatory to procure user consent prior to running these cookies on your website. These forecasts are also available via e-mail. Wind speeds in the Gulf of Mexico are not as strong as along the California coast or the Northeast coast of the U.S. Just one mile per hour or meter per second difference in the speed of the wind makes a big difference in the power generated by a wind turbine. 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. and cookie policy to learn more about the cookies we use and how we use your 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. Interior said it will decide whether to proceed after the public comment period in late April. The Biden administration on Wednesday announced the first-ever US offshore wind energy lease sale for the waters in the Gulf of Mexico, an area long dominated by oil and gas production.. 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 current administration remains keen to encourage offshore wind deployment beyond the East Coast of the US. Timely delivery of data and products through the Internet is not guaranteed. On Dec. 29, a Bell 407 helicopter carrying four people "crashed into the Gulf of Mexico" at roughly noon local time "while departing the West Delta 106 offshore drilling platform," the Federal . The ideal entry-level account for individual users. The Gulf of Mexico announcement follows earlier Biden team news on lease sales off the East and West coasts of the U.S. Offshore projects cost billions and rarely come online in less than a decade. Frombuilding shipsbig 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.. 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. 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. Statista. 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. As a candidate, Biden famously promised "no more drilling on federal lands, no more drilling, including offshore. Gulf of Mexico Offshore Sand Management Working Group The timing for these new Gulf projects couldnt be better. President of the United States since 2021. This means the Gulf program is currently not in effect. 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. 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. 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. 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 . The plan would mainly limit drilling to the Gulf of Mexico, with one proposed lease sale in waters off Alaska. Others from Chevron Corp., Shell and Beacon Offshore Energy are expected to start production in two years.

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