. 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. Interior said it will decide whether to proceed after the public comment period in late April. 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. You need at least a Starter Account to use this feature. Since Jan. 1, what is the overall trend in your region for construction materials prices (year over year)? Even with the new platforms coming online, Gulf oil production wontgrow substantiallyin the coming years as maturefields decline, according to analysts. (February 17, 2023). via offshore rig. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Links How do you expect the Infrastructure Investment and Jobs Act to impact your firms backlog in the next 2-3 years? 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Bight, BOEMs First Two Offshore Wind Areas in the Gulf of Mexico Could Feed Texas, Louisiana, U.S. This material may not be published, broadcast, rewritten or redistributed. Lawmakers launch a fresh push for a bill that would make us stick with daylight-saving time all year. See more about APs climate initiative here. 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 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. 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. Marketed contracted reflects all marketed rigs that have a contract in place. The NCEP Global Real-Time Ocean Forecast System (Global RTOFS) data is based on the U.S. Navy implementation of Global HYCOM. 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. 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]. Visit our privacy A paid subscription is required for full access. The Interior Department will open over 300,000 acres in the Gulf, long dominated by fossil-fuel drilling CL00, +1.41% via offshore rig. By visiting this website, certain cookies have already been set, which you may delete and block. 3205. On April 5, 2022, changes to the Tropical Analysis and Forecast Branch (TAFB) offshore marine zones were made. You need a Statista Account for unlimited access. The Biden administrations 30-gigawatt goal relies largely on using platforms anchored to the sea bottom, with power transported to shore and distributed locally from there. 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 The U.S. offshore wind market saw $9.8 billion in new investments in 2022, more than triple the prior year. All Rights Reserved BNP Media. 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. Phone: 202-208-6474BOEM Public Affairs. Significant Sediment Resource Area Update - Jessica . March 1, 2023. The Biden administration has a goal of building at least 30 GW of offshore wind power generation capacity by 2030. Join the 89,052 members that receive our newsletter. CL00, 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. You also have the option to opt-out of these cookies. Discuss outcomes of recent sand inventory efforts. Opt in to send and receive text messages from President Biden. "Monthly number of offshore oil and gas rigs in the U.S. Gulf of Mexico from May 2021 to February 2023, by contract type." 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 . 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. 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. 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. Greenhouse gas emissions are behind global warming, sparking more severe storms, drought and eroding coast lines. Among the top 10 states with the most wind turbines, Texas ranks the highest with over 10,000 more turbines than second-ranked Iowa. Coastal Warning Display Program Today, the Biden-Harris Administration is announcing its latest steps to expand offshore wind jobs and local economic development across the country. As soon as this statistic is updated, you will immediately be notified via e-mail. Offshore Forecasts 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. Multiplied over a field of turbines, these siting decisions mean real differences in the profitability of a project. The best states in the U.S. come from coast to coast. The Gulf Coast, which has been home to numerous offshore oil and gas wells, could . Tags: Associated Press, business, wind power, Alabama, Louisiana, Texas, Mississippi. 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. But opting out of some of these cookies may affect your browsing experience. Additionally it announced plans in the fall to develop floating platforms in the deep ocean for wind towers that could vastly expand offshore wind in the United States, with up to 15 gigawatts of electricity from floating sites by 2035 to power 5 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. Learn more about how Statista can support your business. 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 turbines in the Gulf of Mexico may create adverse impacts to that system. 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 . Its part of the administrations broader goal of reducing U.S. carbon emissions by at least 50% by the end of the decade. Gulf of Mexico Offshore Sand Management Working Group Archives. Linked data may not represent the latest forecast. The Interior Department will open over 300,000 acres in the Gulf, long dominated by fossil-fuel drilling 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.". 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. Whats our next move? 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 project has the potential to power almost 1.3 million homes with clean energy. Do You Expect the Infrastructure Acts Funding to Impact Your Firm?
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