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The Gulf of Mexico has long experience in the offshore energy industry and that will benefit projects in the new lease areas, Framme added. This material may not be published, broadcast, rewritten or redistributed. 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. Show publisher information Visit a quote page and your recently viewed tickers will be displayed here. Identify opportunities for continued Gulf of Mexico (GOM) SMWG activities. The ruling does not affect the South Atlantic SEFHIER program. 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. Whats our next move? Get Mexico City's weather and area codes, time zone and DST. Share information on Gulf-wide multi-use initiatives and lay the foundation for continued interstate coordination. A paid subscription is required for full access. How do you expect the Infrastructure Investment and Jobs Act to impact your firms backlog in the next 2-3 years? Rachel Koning Beals is a MarketWatch news editor in Chicago. This website uses cookies to improve your experience while you navigate through the website. Well Permits Statistics. 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 New York Times examined pipeline permits for the area and identified at least nine pipeline segments operated by seven oil and gas producers within a three-kilometer (1.8-mile) radius of the . US Dept of Commerce 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. Please enable JavaScript to use this feature. Defense Daily subscriber and registered users, please log in here to access the content. Monday, February 27, 2023 The oil industry's biggest party is properly returning to London for the first time since the pandemic. ", 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. ICLN, Updated Monthly Data last updated on 3/1/2023 11:00 AM (CST) Permit Type. According to the conservation group Oceana, "at least 150 dolphins and whales were found dead" after the 2010 Deepwater Horizon oil rig explosion in the Gulf of Mexico. 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 . Also out this week, the 2023 U.S. Offshore Wind Market Report found state demand for offshore wind nearly doubled in 2022. Offshore Forecasts 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. Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. 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. Ammonia Gas Turbine Combustion Has Economic Potential, GE-IHI Study Suggests, Indonesia Begins Carbon Trading Program for Coal-Fired Power Plants, Dominican Republic Adds to Power Capacity With New Gas-Fired Plant, Poland Moves Forward With Countrys First Nuclear Power Plant, DOE Breaks Ground on Next-Generation Concentrating Solar Power Pilot, Major Offshore Wind Array Planned off Iberian Peninsula, The POWER Interview: Challenges, Opportunities for Energy Storage, European Project Launches to Demonstrate High-Volume Hydrogen Gas Turbine Combustion, a major project off the Iberian Peninsula was announced earlier this week, industry analysts say U.S. development is poised for major growth, the Block Island project off the coast of Rhode Island, California called for 25 GW of offshore wind generation, BOEM Launches Offshore Wind Actions for California, Gulf Coast, New York Bight, BOEMs First Two Offshore Wind Areas in the Gulf of Mexico Could Feed Texas, Louisiana, U.S. See, Marine Text Forecasts by Zone - Text Interface, Marine Text Forecast and Products - Complete Listing, Text Product File Server Data Files - File Structure Description for FTP, WeatherFax - The Best Budget Weather Solution for Sailors, Northwest Atlantic Weather Briefing Package, Gulf and Tropical Atlantic Weather Briefing Package, Northeast Pacific Weather Briefing Package, Southeast Pacific Weather Briefing Package, Buoy, C-MAN, Ship, Drifters, Gliders, HF Radar, PORTS, Physical Oceanographic Real-Time System, Voluntary Marine Observations from Mariners, Peak water level observations at NOS stations during past tropical cyclones, Experimental Marine Graphical Composite Forecast maps - Tropical North Atlantic, Experimental Marine Graphical Composite Forecast maps - Eastern North Pacific, Get Marine Text and Graphic Products via Email, Marine Communications - BoatU.S. 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. There have been scores of . NWS Dissemination Methods, Items of Interest Floating turbines enable wind farm deployments in deeper water. ENR NATURAL DISASTERS PREP & RECOVERY SPOTLIGHT. Listen to article. 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. 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. The National Ocean Industries Association (NOIA), a trade group for offshore energy businesses, said offshore wind would complement the Gulfs existing energy industry. ENR NATURAL DISASTERS PREP & RECOVERY SPOTLIGHT They include aproposed sale notice for a 102,480-acre area off Lake Charles, Louisiana, and two areas near Galveston, Texas, of 102,480 and 96,786 acres. 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. Interior said it will decide whether to proceed after the public comment period in late April. ACP applauds Interior Secretary Haaland and BOEM and looks forward to partnering with them to meet the ambitious but achievable goal of deploying 30 GW of offshore wind by 2030.. I think it has a future, but its not as bright as it once was, said James West, an analyst at Evercore ISI. National Oceanic and Atmospheric Administration It was viewed 11 times while on Public Inspection. But even with oil at $100 a barrel, a big comeback is unlikely. Enter your email and get some awesome stuff every week. Timely delivery of data and products through the Internet is not guaranteed. 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. 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. Then you can access your favorite statistics via the star in the header. Condensed Version for radio broadcast, Offshore Waters for the Tropical Atlantic and Caribbean, Offshore waters forecast synopsis for the Gulf of Mexico. Visit our privacy A bloom of the toxic algae known as red tide continues on the Southwest Florida coast this week as spring break season gets underway on area beaches. In addition, California and Louisiana are joining Atlantic Coast governors and the Biden administration in the Federal-State Offshore Wind Implementation Partnership, it was announced. 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, 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. Youve got this tone and tenor that in many respects has had a chill on the investment community and on companies.. Please do not hesitate to contact me. By harnessing our abundance of renewable natural resources, these projects will unleash economic growth here at home andcreategood paying jobs. 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. Those shortcomings have pushed investment in battery storage. Other Marine Forecasts from the NWS. 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. The administration also has said it wants to deploy another 15 GW of offshore wind power from floating turbines by 2035. The AP is solely responsible for all content. 2023 Access Intelligence, LLC - All Rights Reserved. It said the Gulf of Mexico lease sale will auction three sites off the coast of Galveston, Texas, and Lake Charles, Louisiana. 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 Since the start of the current . 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 Biden administration just proposed the first-ever offshore wind lease sale in the Gulf of Mexico off the coasts of Louisiana and Texas. (February 17, 2023). Archives. 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 . 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. The Gulf of Mexico . This does not reflect the number of rigs actually working at any given time as some contracted rigs may be moving between locations, undergoing maintenance, waiting on weather, etc. 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. 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. BIDEN ADMIN WEIGHS COMPLETE BLOCK ON OFFSHORE OIL DRILLING AS GAS PRICES KEEP RISING. 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. 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. Radiofax Charts The Biden administration on Wednesday announced the governments 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 Americas "clean energy transition.". ", 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. Bldg. 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. 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.. + -. 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]. I've been on the If you do not agree to the use of cookies, you should not navigate Current local time in Mexico - Ciudad de Mxico - Mexico City. NE Gulf N of 26N E of 87W. 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 U.S. offshore wind market saw $9.8 billion in new investments in 2022, more than triple the prior year. It was first brought to public attention when contamination at the site was noticed in 2010 . Kimberly's Reef is Florida Gulf Coast University's . 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. Even with the new platforms coming online, Gulf oil production wontgrow substantiallyin the coming years as maturefields decline, according to analysts. In December, the first auction for leases off the Pacific coast fetched more than $757 million. Observations. Washington, D.C. 20240 Contracts for offshore wind development rose 36% over the past year, with most of those contracts going to U.S.-based project developers. The utilization rate was 83.3 . Monday . The White House, federal agencies, states, and other key stakeholders are coordinating to achieve the Presidents goals while advancing environmental justice, protecting biodiversity, supporting the creation of good-paying jobs, and promoting ocean co-use. High Seas Forecasts Regulatory concernsalso loom large over the offshore sector, which relieson regular federal lease auctions to maintain output. 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.. In his first two years in office, the only offshore oil and gas lease sales that have taken place under Biden have been those ordered by Congress or the courts. Airports. By some measures, offshore platforms are lessenvironmentally damaging because theyemit about half the greenhouse gas levelsoftheir shale counterparts, according to S&P Global. These forecasts are also available via e-mail. 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. This proposed lease sale will continue the legacy of energy production in the Gulf of Mexico, providing Americans with an affordable clean energy supply. Even as it pushes forward to develop U.S. offshore wind energywith a lease auction now set in the Gulf of Mexico by year end, an accelerated "earthshot" for floating wind technology and . 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 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 proposed lease sale will continue the legacy of energy production in the Gulf of Mexico, providing Americans with an affordable clean energy supply. By closing this message or continuing to use our site, you agree to the use of cookies. Latest News, Program Information BOEM recently announced (on July 20, 2022) the first two draft wind-energy areas (WEAs) off the coasts of . 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. Ocean Model Current Areas. 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.. The timing for these new Gulf projects couldnt be better. These cookies will be stored in your browser only with your consent. That report, made public this week, said that state demand for offshore wind almost doubled in 2022. A Mariner's Guide to Marine Weather Services. The FPS can be used in a range of water depths from 600 to 7,500 feet. BOEM to Hold Gulf of Mexico Oil, Gas Lease Sale in March. Similar webpages for Coastal/Great Lakes Forecasts by Zone and High Seas Marine Forecasts are also available. These areas have the potential to generate enough clean energy to power almost 1.3 million homes. Leading oil demanding sectors in the OECD 2020. But Texas isnt without its own challenges. On Feb. 22, the Biden administration announced the first auction of offshore wind leases in the Gulf of Mexico. 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. 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). But opting out of some of these cookies may affect your browsing experience. 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. Business Solutions including all features. 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 cookie policy to learn more about the cookies we use and how we use your "Monthly number of offshore oil and gas rigs in the U.S. Gulf of Mexico from May 2021 to February 2023, by contract type." 1X. 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. The comment period for the first proposed offshore wind sale in the Gulf of Mexico is now open! The department said several environmental and "equity" considerations will be considered by Interior as it considers lease proposals. A new tool was used in the Gulf of Mexico on Wednesday to monitor the water and support red tide research, human health and the ecosystem. March 1, 2023. Leaflet. 1600 Pennsylvania Ave NW 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. Offshore projects cost billions and rarely come online in less than a decade. Marine, Tropical and Tsunami Services Branch1325 East-West Hwy, 13th floorCommunications OfficeSilver Spring, MD 20910Comments? (Mouseover and click the desired area to view the valid Global Ocean Model Currents 0-72 hour forecast data) 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 . National Weather Service 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. The Interior Department will open over 300,000 acres in the Gulf, long dominated by fossil-fuel drilling CL00, +1.41% via offshore rig. 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.. "A lapse in the federal offshore leasing program could jeopardize American energy security, cost thousands of jobs, and risk billions in lost federal, state and local revenues, according toanalysisprepared by Energy and Industrial Advisory Partners," API Senior Vice President for Communications Megan Bloomgren wrote this month. to incorporate the statistic into your presentation at any time. Bipartisan bill to make daylight-saving time permanent rolled out again. 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.. 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. The Biden administration on Feb. 22 announced the first-ever lease sale for offshore wind power development in the Gulf of Mexico. These systems are presently used in water depths greater than 5,000 feet. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. help you have the best experience while on the site. Reading Time: 11 minutes. are burned by 50% by 2030. The proposed sale is part of the leasing path announced by Secretary Haaland in 2021 to meet the Biden-Harris administration's goal to deploy 30 gigawatts (GW) of offshore wind energy capacity by . 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. 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. +2.06%, However, currently announced completion dates suggest the industry will fall short of installing 30 GW of offshore wind by 2030. NWS Internet is available 24 hours a day, seven days a week . Scientists say clean electricity such as wind power must replace electricity from burning coal and gas as soon as possible to reduce the severity of climate disturbance. 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 Gulf Coast, which has been home to numerous offshore oil and gas wells, could . ", "Americas clean energy transition is happening right here and now," said Interior Secretary Deb Haaland in a statement. Currently, you are using a shared account. New safeguards to protect offshore personnel and the environment took effect October of 2010. . Foundation, Weather For Boaters - BoatU.S. 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. They will join Murphy Oil Corp.sKing Quay, a behemoth that started producing oil in April, also off the Louisiana coast. Please create an employee account to be able to mark statistics as favorites. Article. {"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.