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 . Are you interested in testing our business solutions? Weather Charts, Dissemination Publications. 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 New Orleans, LA 70130 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. You have JavaScript disabled. All Rights Reserved BNP Media. The White House By 2035, the administration aims to deploy a further 15 gigawatts of wind power through floating turbines. 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. A paid subscription is required for full access. 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. + -. 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.". Not a subscriber or a registered user yet? US Dept of Commerce 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. 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. The announcement comes as the number of offshore oil and gas leases granted under the Biden administration have shrunk . It is mandatory to procure user consent prior to running these cookies on your website. Condensed Version for radio broadcast, Offshore Waters for the Tropical Atlantic and Caribbean, Offshore waters forecast synopsis for the Gulf of Mexico. This proposed lease sale will continue the legacy of energy production in the Gulf of Mexico, providing Americans with an affordable clean energy supply. Available: https://www.statista.com/statistics/918575/gulf-of-mexico-offshore-oil-rig-count-by-contract-type/, Monthly number of offshore oil and gas rigs in the U.S. Gulf of Mexico from May 2021 to February 2023, by contract type, Available to download in PNG, PDF, XLS format, Global crude oil investment returns 2010-2021, Global proved oil reserves breakdown by country 1992-2020, Global oil reserves share by country 2020, Global seaborne trade volume of crude oil 2010-2021, Global crude oil export value by country 2021, West Texas Intermediate annual average oil price 1976-2023, Global oil consumption share 2010 & 2021, by region, Leading global oil and gas producers based on revenue 2022, Leading oil and gas producers based on market cap October 2022, Value of revenue of Saudi Aramco 2017-2021, Global oil and gas investment volume 2019-2024, by sector, Global upstream M&A deal values 2016-2021, Global oil and gas workforce by country 2019-2021, Monthly global liquid fuels consumption 2019-2022, Monthly global liquid fuels consumption by region 2019-2023, Global oil products demand outlook 2020-2045, Oil and gas companies most affected in net zero emissions scenario 2030, Gulf of Mexico's offshore oil rig marketed utilization 2017-2020, Global offshore oil rig marketed utilization 2017-2019, Global expenditures on offshore oil platform decommissioning 2013-2040, Diamond Offshore Drilling: number of offshore rigs 2009-2022, Distribution of global crude oil production onshore and offshore 2005-2025, Global offshore oil production by water depth 2005-2015, Number of offshore rigs worldwide 2018 by region, Global new drillship contracts awarded by type 2016-2018, Number of offshore rigs worldwide by operator 2018, Global new offshore oil and gas rig contracts awarded by type 2016-2018, Global capital expenditures on offshore exploration and production 2017-2025, Offshore oil and gas: asset decommissioning requirement by structure 2000-2040, Global new jackup contracts awarded by type 2016-2018, Offshore oil and gas: asset decommissioning requirements by region 2000-2040, Scheduled newbuild vessels for subsea construction worldwide by contractor 2015-2017, KSOE's green energy sales revenue 2015-2021, Offshore production facilities in Asia-Pacific, Value of money held offshore by selected U.S. companies 2014, Global new major offshore oil and gas project approvals 2013-2019, Find your information in our database containing over 20,000 reports. via offshore rig. Latest News, Program Information 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. The U.S. Coast Guard spent hours Thursday searching the waters off Louisiana for four people on board a helicopter that crashed while departing . . Similar to solar power The energy, jobs and investment opportunities from Gulf of Mexico offshore wind will be additive to the incredible benefits the offshore oil and gas sector provides our nation, NOIA President Erik Milito said in a statement. Copyright 2023 MarketWatch, Inc. All rights reserved. Marine Forecasts 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). Receive updates on BOEM Marine Minerals Program (MMP) and Sand Management Working Group (SMWG) efforts. The National Ocean Industries Association (NOIA), a trade group for offshore energy businesses, said offshore wind would complement the Gulfs existing energy industry. 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 announcement comes as the number of offshore oil and gas leases granted under the Biden administration have shrunk to historic lows. IHS Markit. "Monthly Number of Offshore Oil and Gas Rigs in The U.S. Gulf of Mexico from May 2021 to February 2023, by Contract Type. -. Significant Sediment Resource Area Update - Jessica . Coastal Warning Display Program That report, made public this week, said that state demand for offshore wind almost doubled in 2022. These are particularly necessary further off Californias coast where the Pacific floor drops off considerably and platforms cant be anchored. This statistic is not included in your account. BP and Shell remain committed to the regioneven as theyshift investment away fromoil and gas to meetnet-zero ambitions. Visit a quote page and your recently viewed tickers will be displayed here. Among the top 10 states with the most wind turbines, Texas ranks the highest with over 10,000 more turbines than second-ranked Iowa. 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 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. 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. Customize forecasts for any offshore location and save them for future use. Wed,02/22/23-2:05PM, 313 Reads. 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. This material may not be published, broadcast, rewritten or redistributed. The Bureau of Ocean Energy Management plans to open a 60-day public comment period on Friday. 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. Oil spills, though, remain a big risk. Copyright 2023 TheAssociated Press. Danish wind developer rsted is already investing in infrastructure and vessels in the Gulf region for its planned U.S. offshore wind farms. You need a Statista Account for unlimited access. Questions? Lawmakers launch a fresh push for a bill that would make us stick with daylight-saving time all year. 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 . 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. Leading oil demanding sectors in the OECD 2020. The sale remains tentative. The Biden administration on Feb. 22 announced the first-ever lease sale for offshore wind power development in the Gulf of Mexico. Statista. The loop current is one of the fastest currents in . 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. 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 platform is designed to engage citizens and government leaders in a discussion about what needs improvement across the country. Strong to gale force S winds are occurring E of the front over the eastern and central Gulf. "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. Offshore Forecasts United States, Date Current local time in Mexico - Ciudad de Mxico - Mexico City. News & Technology for the Global Energy Industry. Cause of the toxic bloom: Red tide is caused by Karenia brevis, a single-celled organism that is found in the Gulf of Mexico.High concentrations of K. brevis cells, called blooms, release toxins . But Texas isnt without its own challenges. Youve got this tone and tenor that in many respects has had a chill on the investment community and on companies.. block. Please enable JavaScript to use this feature. The department said several environmental and "equity" considerations will be considered by Interior as it considers lease proposals. 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. Global Maritime Distress and Safety System Register in seconds and access exclusive features. 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. 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. On April 5, 2022, changes to the Tropical Analysis and Forecast Branch (TAFB) offshore marine zones were made. If leases remain suspended, Gulf production could be halved by 2040, according to the National Ocean Industries Association, which represents the offshore oil and wind industries. Worriesthat todayshigh prices wont last makeinvesting in expensive, time-consuming offshore projects a hard sell. NG00, CL00, Interior said it will decide whether to proceed after the public comment period in late April. The White . 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. That report, made public this week, said that . Similar webpages for Coastal/Great Lakes Forecasts by Zone and High Seas Marine Forecasts are also available. Do You Expect the Infrastructure Acts Funding to Impact Your Firm? The proposed sale, which could take place as soon as this summer, includes areas offshore Lake Charles, Louisiana . Marketed contracted reflects all marketed rigs that have a contract in place. Stay informed daily on the latest news and advice on COVID-19 from the editors at U.S. News & World Report. {"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. current time in gulf of mexico offshore. 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. 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 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. Okaloosa-Walton County Line to Mexico Beach 20 to 60 NM out. 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. 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. These actions, and lease sales last year in the Pacific, expand the map for offshore wind in America and support the presidents goal of deploying 30 gigawatts (GW) of offshore wind by 2030, groups backing wind power said in a release. Foundation, Weather For Boaters - BoatU.S. This page is also available in a text version. 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 17, 2023). The interior secretary says there is no time to waste. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Rachel Koning Beals is a MarketWatch news editor in Chicago. The Biden administration isn't on track to set a schedule for new offshore lease sales by June 30, when the current five-year program expires, and federal budget documents show the White House . The Biden-Harris administration is on track to hit self-defined targets to lease seven new areas and perform 16 project environmental reviews. Please create an employee account to be able to mark statistics as favorites. 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. Accessed March 04, 2023. https://www.statista.com/statistics/918575/gulf-of-mexico-offshore-oil-rig-count-by-contract-type/, IHS Markit. 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. 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. 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. We earn $400,000 and spend beyond our means. The wind turbine charges a bank of batteries, thus enabling efficient wind turbine power distribution throughout the grid. 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. A lease sale for the New York Bight region off the East Coast, held in February of last year, pulled in $4.37 billion. [Online]. 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. Whats our next move? Regulatory concernsalso loom large over the offshore sector, which relieson regular federal lease auctions to maintain output. 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. 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 . Regional NCOM data is provided by the Naval Oceanographic Office (NAVO). This PDF is the current document as it appeared on Public Inspection on 02/23/2023 at 8:45 am. 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. (Mouseover and click the desired area to view the valid Global Ocean Model Currents 0-72 hour forecast data) Contracts for offshore wind development rose 36% over the past year, with most of those contracts going to U.S.-based project developers. Also out this week, the 2023 U.S. Offshore Wind Market Report found state demand for offshore wind nearly doubled in 2022. OCS Report BOEM 2022-022- U.S. The offshore sector has beenbattered by back-to-back busts and a pandemic that forced mass layoffs and bankruptcies. Today, the Biden-Harris Administration is announcing its latest steps to expand offshore wind jobs and local economic development across the country. Profit from the additional features of your individual account. Monday, February 27, 2023 The oil industry's biggest party is properly returning to London for the first time since the pandemic. Explore Mexico City's sunrise and sunset, moonrise and moonset. The Biden . These systems are presently used in water depths greater than 5,000 feet. The proposed sale, which could take place as soon as this summer . (AP Photo/David Goldman, File)David Goldman. Multiplied over a field of turbines, these siting decisions mean real differences in the profitability of a project. By closing this message or continuing to use our site, you agree to the use of cookies. They will join Murphy Oil Corp.sKing Quay, a behemoth that started producing oil in April, also off the Louisiana coast. 1X. Regional Sediment Management Update - Elizabeth Godsey, United States Army Corps of Engineers. 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. 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. +2.18% 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. 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. The proposed lease areas total nearly 302,000 acres. Offshore wind contracts increased 36% last year, the majority of which went to U.S. firms, according to the report. The best states in the U.S. come from coast to coast. When I worked in the Gulf of Mexico in the 90s, they were calling it the Dead Sea then, right before deepwater took off, said Bob Fryklund, vice president of upstream energy for S&P Global. I think it has a future, but its not as bright as it once was, said James West, an analyst at Evercore ISI. 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 Itsdeep trove of reservoirs is responsible forabout 14%of the U.S.scrude production, second only to the countrys prolific shale fields. Theres probably some growth still left in the Gulf of Mexico, but its a more modest growth.. I've been on the 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. +8.80% National Weather Service Updated on: December 29, 2022 / 10:02 PM / CBS/AP. The U.S. offshore wind market saw $9.8 billion in new investments in 2022, more than triple the prior year. BOEM will further coordinate with DoD and the lessee to deconflict potential impacts throughout the project . 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. Safety February 22, 2023, 12:05 PM. 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. It is the longest-running oil spill in U.S. history. The administration also has said it wants to deploy another 15 GW of offshore wind power from floating turbines by 2035. The first sites will be off the coasts of Texas and Louisiana. National Data Buoy Center. Withstrong, consistent winds in the Gulf, offshore wind will help reduce pollution and strengthen our electric grid, he said. 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. View the Status of Exploration and Development Plans Subject to Enhanced Safety and Environmental Requirements in the Gulf of Mexico. 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.

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