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. Bidens Department of the Interior said Wednesday that this announcement is part of its effort to "grow Americas clean energy economy. 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. US Dept of Commerce 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 . 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. We also use third-party cookies that help us analyze and understand how you use this website. Kimberly's Reef is Florida Gulf Coast University's . The waters in the Gulf are shallow enough for traditional technology that secures wind turbines to the ocean floor. BIDEN ADMIN WEIGHS COMPLETE BLOCK ON OFFSHORE OIL DRILLING AS GAS PRICES KEEP RISING. Phone: 202-208-6474BOEM Public Affairs. The number of new offshore discoveries worldwide has fallen to a 75-year low after oil companies slashed their budgets for deepwater exploration. Reading Time: 11 minutes. Business Solutions including all features. Listen to article. As a candidate, Biden famously promised "no more drilling on federal lands, no more drilling, including offshore. -. Youve got this tone and tenor that in many respects has had a chill on the investment community and on companies.. This proposed lease sale will continue the legacy of energy production in the Gulf of Mexico, providing Americans with an affordable clean energy supply. Offshore projects cost billions and rarely come online in less than a decade. It is mandatory to procure user consent prior to running these cookies on your website. 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. Darrell Proctor is a senior associate editor for POWER (@POWERmagazine). Contracts for offshore wind development rose 36% over the past year, with most of those contracts going to U.S.-based project developers. 1849 C Street, NW Am I crazy? After my mother died, my cousin took her designer purse, and my aunt took 8 paintings from her home then things really escalated, It broke me: Everyone says you need power of attorney, but nobody tells you how hard it is to use, Caterpillar CTO on what's driving the infrastructure industry. 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. Biden had small cancerous lesion removed, White House doctor says, Nikki Haley tells CPAC audience she cant believe that Biden is letting China get away with so much, Jon Stewart to GOP state senator: You dont give a flying f about gun violence, Ron DeSantis skips CPAC, says Republicans act like potted plants when facing woke ideology. The Shell Perdido offshore production platform in the Gulf of Mexico. In FY2021, revenues totaled $4.1 Billion from OCS oil and gas activities. Foundation, Saved by the Beacon - Safe Boating Council, Search and Rescue Satellite Aided Tracking, Offshore waters forecast for the Gulf of Mexico, Global Maritime Distress and Safety System, National Oceanic and Atmospheric Administration. National Weather Service. this website, certain cookies have already been set, which you may delete and Email: [emailprotected] Phone: +1.805.704.2536. February 22, 2023 at 11:14 p.m. EST. +8.80% 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. 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.". Statista. Others from Chevron Corp., Shell and Beacon Offshore Energy are expected to start production in two years. The 2004 Taylor Energy oil spill is an ongoing spill located in the Gulf of Mexico, around 11 miles (18 km) off the coast of the U.S. state of Louisiana.It is the result of the destruction of a Taylor Energy oil platform during Hurricane Ivan in 2004. Leaflet. The President has also set bold goals of deploying 30 gigawatts (GW) of offshore wind by 2030, as well as 15 GW specifically of floating offshore wind by 2035. The Gulf of Mexico has long experience in the offshore energy industry and that will benefit projects in the new lease areas, Framme added. Floating turbines enable wind farm deployments in deeper water. National Weather Service are burned by 50% by 2030. Long-term state offshore wind targets increased 79% last year. ", "Americas clean energy transition is happening right here and now," said Interior Secretary Deb Haaland in a statement. About 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.. 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. The FPS can be used in a range of water depths from 600 to 7,500 feet. By clicking Accept, you consent to the use of ALL the cookies. In, IHS Markit. 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. 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 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 . 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. Rachel Koning Beals is a MarketWatch news editor in Chicago. This project has the potential to power almost 1.3 million homes with clean energy. New safeguards to protect offshore personnel and the environment took effect October of 2010. . Radiofax Hardware Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. Those shortcomings have pushed investment in battery storage. The current administration remains keen to encourage offshore wind deployment beyond the East Coast of the US. Texas has more wind turbines than any other state. Withstrong, consistent winds in the Gulf, offshore wind will help reduce pollution and strengthen our electric grid, he said. See more about APs climate initiative here. "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.". Timely delivery of data and products through the Internet is not guaranteed. 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. Currently, you are using a shared account. Marine Forecasts Whats our next move? Read: Biden pushing wind power off New York and New Jersey in record lease offering. NWS Dissemination Methods, Items of Interest 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. The Dept. Today, the Biden-Harris Administration is announcing its latest steps to expand offshore wind jobs and local economic development across the country. ENR NATURAL DISASTERS PREP & RECOVERY SPOTLIGHT Tags: Associated Press, business, wind power, Alabama, Louisiana, Texas, Mississippi. The ideal entry-level account for individual users. Visit a quote page and your recently viewed tickers will be displayed here. You have JavaScript disabled. 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. On February 23, 2023, the United States Court of Appeals for the Fifth Circuit set aside the final rule implementing the Southeast For-Hire Integrated Electronic Reporting Program (SEFHIER) in the Gulf of Mexico (Gulf). GMZ001-040300- Synopsis for the Gulf of Mexico 950 AM EST Fri Mar 3 2023 .SYNOPSIS.A cold front extends from Vermilion Bay, LA to south of Tampico, Mexico near 21.5N98W. 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.. 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. Access to this and all other statistics on 80,000 topics from, Show sources information The attack in April was part of a stunning surge of piracy in the southern Gulf of Mexico, a threat that prompted an American government security alert on Wednesday. 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. . 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. Weather Charts, Dissemination These stationary batteries use chemical interactions to safely store electricity from the renewable energy source so that it can be made available at a later time. 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. 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. Questions? 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. Official NWS dissemination systems which can provide timely delivery of data and products are listed in ourDISCLAIMER. Oil spills, though, remain a big risk. Condensed Version for radio broadcast, Offshore Waters for the Tropical Atlantic and Caribbean, Offshore waters forecast synopsis for the 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. 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. Design, CMS, Hosting & Web Development :: ePublishing. 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. How do you expect the Infrastructure Investment and Jobs Act to impact your firms backlog in the next 2-3 years? 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. Across the Atlantic, Shell has made a massive discoveryoffshore Namibia. At the Department, we are taking action to jump-start our offshore wind industry and harness American innovation to deliver reliable, affordable power to homes and businesses, Interior Secretary Deb Haaland said in a statement. Other Marine Forecasts from the NWS. Outer Continental Shelf, Gulf of Mexico Region, Oil and Gas Production Forecast: 2018-2027; Biostratigraphic Chart of the Gulf of Mexico Offshore Regions, Jurassic to Quaternary The Biden . The Proposed Sale Notice (PSN)includes. Visit our privacy help you have the best experience while on the site. Stennis Space Center, MS 39529. The best states in the U.S. come from coast to coast. 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. It said the Gulf of Mexico lease sale will auction three sites off the coast of Galveston, Texas, and Lake Charles, Louisiana. 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. 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. (AP Photo/David Goldman, File), Global Race to Boost Electric Vehicle Range in Cold Weather, Reports: 3 Children Dead, 2 Wounded in Attack at Texas Home, Paid Express Lanes Grow More Popular in Once-Reluctant South. 1849 C Street, NW Regularly Updated Operational Coral Bleaching Monitoring Products: Amateur Radio