Multiplied over a field of turbines, these siting decisions mean real differences in the profitability of a project. In, IHS Markit. 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 . Washington, DC 20500, Proposes first-ever Gulf of Mexico offshore wind lease sale; welcomes California and Louisiana to Federal-State Partnership to build Americas supply chain and increase skilled workforce for offshore wind. As a Premium user you get access to background information and details about the release of this statistic. National Oceanic and Atmospheric Administration 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. It is the longest-running oil spill in U.S. history. ", "Americas clean energy transition is happening right here and now," said Interior Secretary Deb Haaland in a statement. Office of Public Affairs NWS How do you expect the Infrastructure Investment and Jobs Act to impact your firms backlog in the next 2-3 years? The Gulf of Mexico loop current brings warm Caribbean water northward between the Yucatan Peninsula and Cuba and into the Gulf. Yep, . All NOAA, Marine, Tropical and Tsunami Services Branch, Offshore waters forecast for the Gulf of Mexico including all zones and synopsis WASHINGTON - The latest in a long series of Louisiana efforts . 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.. "Monthly number of offshore oil and gas rigs in the U.S. Gulf of Mexico from May 2021 to February 2023, by contract type." It said the Gulf of Mexico lease sale will auction three sites off the coast of Galveston, Texas, and Lake Charles, Louisiana. Companies have slashed deepwater exploration budgets primarily in response to recent oil busts and the pandemic, which squeezed revenues. See here for details. The first sites will be off the coasts of Texas and Louisiana. Contracts for offshore wind development rose 36% over the past year, with most of those contracts going to U.S.-based project developers. Phone: 202-208-6474BOEM Public Affairs. They will join Murphy Oil Corp.sKing Quay, a behemoth that started producing oil in April, also off the Louisiana coast. Written by on 27 febrero, 2023. 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. 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. The Biden administration on Feb. 22 announced the first-ever lease sale for offshore wind power development in the Gulf of Mexico. 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. Feedback "Monthly Number of Offshore Oil and Gas Rigs in The U.S. Gulf of Mexico from May 2021 to February 2023, by Contract Type. Best States is an interactive platform developed by U.S. News for ranking the 50 U.S. states, alongside news analysis and daily reporting. Shell and BP are the two biggest Gulf producers. We live in purgatory: My wife has a multimillion-dollar trust fund, but my mother-in-law controls it. Coastal/Great Lakes Forecasts, Radiofax Charts Long-term state offshore wind targets increased 79% last year. "At the Department, we are taking action to jumpstart our offshore wind industry and harness American innovation to deliver reliable, affordable power to homes and businesses.". 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 . This category only includes cookies that ensures basic functionalities and security features of the website. 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. February 22, 2023 at 11:14 p.m. EST. +2.06%, 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 . Not a subscriber or a registered user yet? anglers between the age of 16-65 require a valid fishing license to cast a line in the Gulf. Text. 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.. These funds are distributed to the U.S. Treasury and several different programs through various revenue sharing laws. The US administration has proposed the first-ever offshore wind lease sale in the Gulf of Mexico. Onceall six platforms are online, they couldproduceup to560,000 barrels a day. 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 . 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. Are you interested in testing our business solutions? Read: Biden pushing wind power off New York and New Jersey in record lease offering. Use Ask Statista Research Service. It was viewed 11 times while on Public Inspection. Learn more about how Statista can support your business. Its part of the administrations broader goal of reducing U.S. carbon emissions by at least 50% by the end of the decade. ", 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. Article. A paid subscription is required for full access. 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. Worriesthat todayshigh prices wont last makeinvesting in expensive, time-consuming offshore projects a hard sell. Business Solutions including all features. 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, Biden Considers 1st Offshore Wind Auction in Gulf of Mexico, 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 Bureau of Ocean Energy Management plans to open a 60-day public comment period on Friday. The Biden administration isnt on track to set a schedule for new offshore lease sales by June 30, when the current five-year programexpires, and federal budget documents show the White House doesnt anticipate selling more oil and gas leases in the Gulf through at least October 2023. Offshore Forecasts Offshore wind contracts increased 36% last year, the majority of which went to U.S. firms, according to the report. 1849 C Street, NW 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.. We use cookies on our website to give you the most relevant experience. Contacts That report, made public this week, said that . The first auction for leases off the Pacific Coast, held in December of last year, brought in more than $757 million. OCS activities generate substantial revenues from lease sales, royalties on production, and rental fees. National Environmental Policy Act and Offshore Renewable Energy, Gulf of Mexico Offshore Sand Management Working Group, Regional Sediment Management Update Elizabeth Godsey, United States Army Corps of Engineers, National Offshore Sand Inventory (NOSI) Update and Projects Supported by NOSI Ashley Long, BOEM, Marine Minerals Information System Stakeholder Engagement Update Lora Turner, BOEM, Texas Survey Data Discussion Kelly Brooks, Texas General Land, Usability of Historical Seismic Data Jim Flocks, United States Geological Survey, Offshore Renewables Update and Implications for Marine Minerals Tershara Matthews, BOEM, Carbon Capture Sequestration Carlos Alonso, BOEM, Pipeline Installation and Decommissioning with Regards to Multi-use Angie Gobert, Bureau of Safety and Environmental Enforcement (BSEE). Some groups said the value of boosting wind in markets were traditional energy has been a feature of the economy is important. 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 move comes as we're due to spring forward March 12. Show publisher information 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.. Regularly Updated Operational Coral Bleaching Monitoring Products: 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. 2023 Access Intelligence, LLC - All Rights Reserved. and cookie policy to learn more about the cookies we use and how we use your About 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. Biden pushing wind power off New York and New Jersey in record lease offering. Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. The timing for these new Gulf projects couldnt be better. Stay informed daily on the latest news and advice on COVID-19 from the editors at U.S. News & World Report. Monday . 8:15 a.m. National and Gulf-wide Sand Inventory Initiatives and Cooperative Agreements. The proposed sale, which could take place as soon as this summer, includes areas offshore Lake Charles, Louisiana . Darrell Proctor is a senior associate editor for POWER (@POWERmagazine). 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. 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. 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. On April 5, 2022, changes to the Tropical Analysis and Forecast Branch (TAFB) offshore marine zones were made. . 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. Since the start of the current . 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 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. 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. Do You Expect the Infrastructure Acts Funding to Impact Your Firm? this website. ", 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. Marketed contracted reflects all marketed rigs that have a contract in place. You can only download this statistic as a Premium user. 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 Biden administration has a goal of building at least 30 GW of offshore wind power generation capacity by 2030. Get Mexico City's weather and area codes, time zone and DST. Timely delivery of data and products through the Internet is not guaranteed. February 17, 2023. See more about APs climate initiative here. News & Technology for the Global Energy Industry. Design, CMS, Hosting & Web Development :: ePublishing. All rights reserved. Receive updates on BOEM Marine Minerals Program (MMP) and Sand Management Working Group (SMWG) efforts. If you do not agree to the use of cookies, you should not navigate 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.". United States, Date By. The ideal entry-level account for individual users. National Data Buoy Center. 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 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 total supply of offshore oil and gas rigs in the U.S. Gulf of Mexico was 45 in the week of February 17, 2023. 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. BIZ Magazine. 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 cookies do not store any personal information. High resolution CoastWatch imagery. Follow us to learn about opportunities to participate in our efforts and how we engage. (Mouseover and click the desired area to view the valid Global Ocean Model Currents 0-72 hour forecast data) -. Phone: 202-208-6474BOEM Public Affairs. The first sites will be off the coasts of Texas and Louisiana. When do you expect states/localities in your area to start advertising Infrastructure Investment and Jobs Act-funded projects? By harnessing our abundance of renewable natural resources, these projects will unleash economic growth here at home andcreategood paying jobs. Updated Monthly Data last updated on 3/1/2023 11:00 AM (CST) Permit Type. The current administration remains keen to encourage offshore wind deployment beyond the East Coast of the US. Offshore revenue sharing considered by U.S. House committee. The Gulf of Mexico is an angling mecca if ever there was one.
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