Growth was primarily driven by lease auction fees, though more than $4.4 billion was directed to port infrastructure, supply chain development, and transmission. It is the longest-running oil spill in U.S. history. 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. NOTICE - Check time and date of forecasts. But as sure as the annual "Lenten Winds," offshore wind in the Gulf of Mexico (GOM) and the West Coast is coming, with the first GOM lease sale (from among 11 BOEM-designated wind lease areas [11]) tentatively scheduled for early 2023. Significant Sediment Resource Area Update - Jessica . How would you describe staffing levels at your firm currently? Just in the first few weeks of 2023, the Biden-Harris Administration has already taken several new steps to continue historic progress on offshore wind development, with key highlights including: We'll be in touch with the latest information on how President Biden and his administration are working for the American people, as well as ways you can get involved and help our country build back better. The proposed lease areas total nearly 302,000 acres. The Business Network has identified $17 billion in new investments driven by offshore wind activity in the United States since 2014. 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. Greenhouse gas emissions are behind global warming, sparking more severe storms, drought and eroding coast lines. 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. No more changing the clocks? The Gulf of Mexico is an angling mecca if ever there was one. 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. NWS Internet is available 24 hours a day, seven days a week . The Biden-Harris administration has set a target of 30 gigawatts of offshore wind energy capacity by 2030. Oil spills, though, remain a big risk. 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 . Washington, D.C. 20240 "Monthly number of offshore oil and gas rigs in the U.S. Gulf of Mexico from May 2021 to February 2023, by contract type." By. 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. Written by on 27 febrero, 2023. Discuss outcomes of recent sand inventory efforts. 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 Do You Expect the Infrastructure Acts Funding to Impact Your Firm? 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. This proposed lease sale will continue the legacy of energy production in the Gulf of Mexico, providing Americans with an affordable clean energy supply. and there's a bounty of inshore, nearshore, and offshore fisheries to explore. Radiofax Hardware {"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. 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 National Ocean Industries Association (NOIA), a trade group for offshore energy businesses, said offshore wind would complement the Gulfs existing energy industry. Follow us to learn about opportunities to participate in our efforts and how we engage. 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. After a decade that saw one of the worst oil spills in U.S. history, shales ascendance and mounting climate-change concerns, some experts believethat the sun may be setting onthe Gulf. The interior secretary says there is no time to waste. NG00, Multiplied over a field of turbines, these siting decisions mean real differences in the profitability of a project. You need at least a Starter Account to use this feature. 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. The Bureau of Ocean Energy Management (BOEM) is pushing forward with offshore wind energy environmental assessments (EA) for, The U.S. government has announced the first-ever sale of offshore wind development rights off the California coast. Rachel Koning Beals is a MarketWatch news editor in Chicago. 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. Recent Updates 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 . The Biden administration has a goal of building at least 30 GW of offshore wind power generation capacity by 2030. National Data Buoy Center. The Gulf of Mexico loop current brings warm Caribbean water northward between the Yucatan Peninsula and Cuba and into the Gulf. 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. to incorporate the statistic into your presentation at any time. Its part of the administrations broader goal of reducing U.S. carbon emissions by at least 50% by the end of the decade. The Biden administration on Wednesday announced the government's 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 America's "clean energy transition.". High resolution CoastWatch imagery. 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]. A statement issued from the White House reads: For the first time, the Department of the Interior has proposed an offshore wind lease sale for three areas in the Gulf of Mexico: offshore Texas and Louisiana. Worriesthat todayshigh prices wont last makeinvesting in expensive, time-consuming offshore projects a hard sell. On April 5, 2022, changes to the Tropical Analysis and Forecast Branch (TAFB) offshore marine zones were made. Strong to gale force S winds are occurring E of the front over the eastern and central Gulf. Marketed contracted reflects all marketed rigs that have a contract in place. There have been scores of . 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. Reading Time: 11 minutes. Environment California State Director Laura Deehan in an statement to POWER said, California is poised to go big on offshore wind and todays announcement brings us closer to a future where we put our powerful coastal winds to work cutting pollution from homes, cars and industry and reaching our goal of 100% clean energy.. This page is also available in a text version. ENR NATURAL DISASTERS PREP & RECOVERY SPOTLIGHT Stay informed daily on the latest news and advice on COVID-19 from the editors at U.S. News & World Report. Visit our privacy Interior Secretary Deb Haaland, who announced the proposed sale Wednesday, said there is no time to waste in making bold investments to address the climate crisis. Building a strong domestic offshore wind industry is key to meeting that challenge head on, she said. This project has the potential to power almost 1.3 million homes with clean energy. Monday, February 27, 2023 The oil industry's biggest party is properly returning to London for the first time since the pandemic. Americas wind power resources, both onshore and offshore, have the technical potential to produce40 millionGWh of electricity each year, equivalent to 11 times the amount of electricity used across the U.S. in 2020, the advocacy group Environment America said. Show publisher information Weve got you covered! Official NWS dissemination systems which can provide timely delivery of data and products are listed in ourDISCLAIMER. Interior said it will decide whether to proceed after the public comment period in late April. 2023 Access Intelligence, LLC - All Rights Reserved. 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. Copyright 2023 TheAssociated Press. In FY2021, revenues totaled $4.1 Billion from OCS oil and gas activities. You have JavaScript disabled. These are particularly necessary further off Californias coast where the Pacific floor drops off considerably and platforms cant be anchored. 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. Opt in to send and receive text messages from President Biden. The NCEP Global Real-Time Ocean Forecast System (Global RTOFS) data is based on the U.S. Navy implementation of Global HYCOM. 1X. The, The Biden administration announced a goal of installing as much as 15 GW of floating offshore wind energy, Available on demand until February 16, 2024. View the Status of Exploration and Development Plans Subject to Enhanced Safety and Environmental Requirements in the Gulf of Mexico. 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. The BOEM has proposed lease sales in two designated wind energy areas, or WEAs, off Louisiana and Texas. The Gulf of Mexico announcement follows earlier Biden team news on lease sales off the East and West coasts of the U.S. The AP is solely responsible for all content. OCS activities generate substantial revenues from lease sales, royalties on production, and rental fees. 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. Are you interested in testing our business solutions? . 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. We thank these leaders for going big on offshore wind to help us secure clean, abundant energy and reduce pollution., Todays announcement is another significant milestone in the development of domestic offshore wind production. NWS Dissemination Methods, Items of Interest See here for details. 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. Posted in . BIZ Magazine. With average wind speeds, maximum water depth of 1000 m . President of the United States since 2021. US Dept of Commerce Condensed Version for radio broadcast, Offshore Waters for the Tropical Atlantic and Caribbean, Offshore waters forecast synopsis for the Gulf of Mexico. Gulf of Mexico Oil Rigs: 1942-2005 (Animation) A chronology of oil and gas rig installations in the Gulf of Mexico, showing the increased number of rigs and the greater installation depths, ending by displaying the location of BP's Deepwater Horizon explosion. Offshore waters forecasts are subdivided by zone, each identified by text description and a Universal Generic Code (UGC). This website uses cookies to improve your experience while you navigate through the website. BP and Shell remain committed to the regioneven as theyshift investment away fromoil and gas to meetnet-zero ambitions. Bldg. Latest News, Program Information New Orleans, LA 70130 We use cookies on our website to give you the most relevant experience. Hayes Framme, the head of new markets and supply chain for rsted, applauded the proposed sale and said the company is assessing these new opportunities. 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. You need a Statista Account for unlimited access. BOEM recently announced (on July 20, 2022) the first two draft wind-energy areas (WEAs) off the coasts of . Join the 89,052 members that receive our newsletter. All Rights Reserved BNP Media. National Weather Service. For example, Interior said it will take into account Bidens executive order on "Advancing Racial Equity and Support for Underserved Communities Through the Federal Government" as it conducts its wind lease auctions. The US administration has proposed the first-ever offshore wind lease sale in the Gulf of Mexico. Regularly Updated Operational Coral Bleaching Monitoring Products: 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. Marine Forecasts The Biden administration just proposed the first-ever offshore wind lease sale in the Gulf of Mexico off the coasts of Louisiana and Texas. If you are an admin, please authenticate by logging in again. wind power is also intermittent, meaning that turbines are reliant on weather and therefore arent capable of generating electricity 24/7. Because the Gulf of Mexico already has so much infrastructure in place, operators are shifting to an infrastructure-led exploration strategy.. But dont count on the new productionto close the oil-supply gap that hasplaguedthe worlds economies since the pandemic. These systems are presently used in water depths greater than 5,000 feet. By harnessing our abundance of renewable natural resources, these projects will unleash economic growth here at home andcreategood paying jobs. Offshore wind will be a great complement to Texass onshore renewable energy resources, said Luke Metzger, executive director Environment Texas, a state-specific office of Environment America. Links Register in seconds and access exclusive features. Contracts for offshore wind development rose 36% over the past year, with most of those contracts going to U.S.-based project developers. Gulf of Mexico Offshore Sand Management Working Group Since the start of the current . These forecasts are also available via e-mail. 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. 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]. Itsdeep trove of reservoirs is responsible forabout 14%of the U.S.scrude production, second only to the countrys prolific shale fields. Safety Disclaimer. The environmental group Clean Ocean Action has joined . United States, Date But opting out of some of these cookies may affect your browsing experience. There is no time to waste in making bold investments to address the climate crisis, and building a strong domestic offshore wind industry is key to meeting that challenge head on.. To use individual functions (e.g., mark statistics as favourites, set 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 current administration remains keen to encourage offshore wind deployment beyond the East Coast of the US. The plan would mainly limit drilling to the Gulf of Mexico, with one proposed lease sale in waters off Alaska. This category only includes cookies that ensures basic functionalities and security features of the website. this website, certain cookies have already been set, which you may delete and 3205. Kimberly's Reef is Florida Gulf Coast University's . By 2035, the administration aims to deploy a further 15 gigawatts of wind power through floating turbines. This PDF is the current document as it appeared on Public Inspection on 02/23/2023 at 8:45 am. The waters in the Gulf are shallow enough for traditional technology that secures wind turbines to the ocean floor. CL00, Contacts A Mariner's Guide to Marine Weather Services. Wednesdays announcement of a lease sale in the Gulf comes after earlier announcements of lease sales of the U.S. East and West coasts. 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. The National Ocean Industries Association, which represents both traditional oil and gas offshore energy companies and wind power, said that offshore wind, along with regular and predictable offshore oil and gas leasing, can help the Gulf of Mexico expand its remarkable and irreplaceable energy portfolio.. + -. 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. There are several different types of buoys in the northwestern Gulf of Mexico that can provide information about on-site conditions near the sanctuary. Mississippi Sound. The Department of the Interior announced the first lease sale in the Gulf of Mexico for wind power installations, opening over 300,000 acres in areas long dominated by fossil fuel production. -. 8:15 a.m. National and Gulf-wide Sand Inventory Initiatives and Cooperative Agreements. These cookies do not store any personal information. 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 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. 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 . 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. Defense Daily subscriber and registered users, please log in here to access the content. 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. The largest portion goes to the General Fund of the U.S. Treasury, which benefits all U.S. citizens through funding of daily operations of the Federal Government. . Among the top 10 states with the most wind turbines, Texas ranks the highest with over 10,000 more turbines than second-ranked Iowa. Business Solutions including all features. The proposed sale, which could take place as soon as this summer . The U.S.is still permitting new drilling and production on existing offshore leases, but it could be another year or more before producers get a crack at new federal acreage. Josh Kaplowitz, vice president for offshore wind at the industry group American Clean Power, said the proposed sale will continue the legacy of energy production in the Gulf of Mexico, providing Americans with an affordable clean energy supply. Withstrong, consistent winds in the Gulf, offshore wind will help reduce pollution and strengthen our electric grid, he said. 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. The Biden-Harris administration is on track to hit self-defined targets to lease seven new areas and perform 16 project environmental reviews. Im 66, we have more than $2 million, I just want to golf can I retire? 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. These areas have the potential to generate enough clean energy to power almost 1.3 million homes. 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. Tags: Associated Press, business, wind power, Alabama, Louisiana, Texas, Mississippi. Onceall six platforms are online, they couldproduceup to560,000 barrels a day. 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. 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. Yep, . This website requires certain cookies to work and uses other cookies to help you have the best experience. We are first in your inbox with the most important news in the industry―keeping you smarter and one-step ahead in this ever-changing and competitive market. Share information on Gulf-wide multi-use initiatives and lay the foundation for continued interstate coordination. 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. 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. 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. (AP Photo/David Goldman, File)David Goldman. These funds are distributed to the U.S. Treasury and several different programs through various revenue sharing laws. 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. The White . Please create an employee account to be able to mark statistics as favorites. Interior said it has already held three offshore wind lease auctions, including one off the coast of New York and another on the Pacific coast in California. Statista. Article. 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. 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 U.S. Energy Information Administration expects Gulf output to remain flat through2023, while S&P Global Commodity Insightsprojectsproduction mayrecover to the pre-pandemic recordby the end of the year. Marine, Tropical and Tsunami Services Branch1325 East-West Hwy, 13th floorCommunications OfficeSilver Spring, MD 20910Comments? IHS Markit. Current local time in Mexico - Ciudad de Mxico - Mexico City. The U.S. Coast Guard spent hours Thursday searching the waters off Louisiana for four people on board a helicopter that crashed while departing . As a Premium user you get access to background information and details about the release of this statistic. Danish wind developer rsted is already investing in infrastructure and vessels in the Gulf region for its planned U.S. offshore wind farms.