Customize forecasts for any offshore location and save them for future use. New safeguards to protect offshore personnel and the environment took effect October of 2010. . This proposed lease sale will continue the legacy of energy production in the Gulf of Mexico, providing Americans with an affordable clean energy supply. 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 . Similar to solar power 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.. "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.". By closing this message or continuing to use our site, you agree to the use of cookies. 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. 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. By clicking Accept, you consent to the use of ALL the cookies. 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. It is the longest-running oil spill in U.S. history. 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. The offshore sector has beenbattered by back-to-back busts and a pandemic that forced mass layoffs and bankruptcies. Observations. 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. Oil spills, though, remain a big risk. +2.18% Visit a quote page and your recently viewed tickers will be displayed here. Enter your email and get some awesome stuff every week. Offshore waters forecasts are subdivided by zone, each identified by text description and a Universal Generic Code (UGC). 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. The proposed auction in the Gulf of . The U.S. Coast Guard spent hours Thursday searching the waters off Louisiana for four people on board a helicopter that crashed while departing . Approximately 10 miles offshore and 30 feet underwater, giant cement blocks will help scientists better understand what's happening in the water. Greenhouse gas emissions are behind global warming, sparking more severe storms, drought and eroding coast lines. 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. 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 . 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. The move comes as we're due to spring forward March 12. I encourage you to click the link and learn about this Proposed Sale Notice. 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.. The administration also has said it wants to deploy another 15 GW of offshore wind power from floating turbines by 2035. BP has said its existing Gulf of Mexico fields can break even with crude prices in the low-$30s, making it some of the lowest-cost oil in the world to produce. We use cookies on our website to give you the most relevant experience. The first auction for leases off the Pacific Coast, held in December of last year, brought in more than $757 million. You need at least a Starter Account to use this feature. 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. 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 Necessary cookies are absolutely essential for the website to function properly. 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. However, currently announced completion dates suggest the industry will fall short of installing 30 GW of offshore wind by 2030. Weather Charts, Dissemination The timing for these new Gulf projects couldnt be better. This page is also available in a text version. Links 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. The Gulf of Mexico announcement follows earlier Biden team news on lease sales off the East and West coasts of the U.S. 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 ever. Bipartisan bill to make daylight-saving time permanent rolled out again. USCG Broadcasts If you do not agree to the use of cookies, you should not navigate The loop current is one of the fastest currents in . National Oceanic and Atmospheric Administration. Rachel Koning Beals is a MarketWatch news editor in Chicago. 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. Questions? Condensed Version for radio broadcast, Offshore Waters for the Tropical Atlantic and Caribbean, Offshore waters forecast synopsis for the Gulf of Mexico. Monday, February 27, 2023 The oil industry's biggest party is properly returning to London for the first time since the pandemic. ICLN, Weve got you covered! This material may not be published, broadcast, rewritten or redistributed. Welcome and Introductions of MMP Staff Tershara Matthews, BOEM, Review Agenda, Meeting Objectives, and Process Approach Facilitator, Significant Sediment Resource Area Update Jessica Mallindine, BOEM, Anticipated Sand Management Needs or Challenges in the GOM. Also out this week, the 2023 U.S. Offshore Wind Market Report found state demand for offshore wind nearly doubled in 2022. Josh Kaplowitz, vice president for offshore wind at the industry group American Clean Power, said the proposed sale will continue the legacy of energy production in the Gulf of Mexico, providing Americans with an affordable clean energy supply. 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. February 17, 2023. The Gulf Coast, which has been home to numerous offshore oil and gas wells, could . 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. Foundation, Weather For Boaters - BoatU.S. The Biden administration just proposed the first-ever offshore wind lease sale in the Gulf of Mexico off the coasts of Louisiana and Texas. 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. 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]. Disclaimer. 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. Last year, Shell said its global oil production had peaked in 2019 while BP in 2020 said it would cutoil and gas production worldwide40% by 2030. Offshore wind contracts increased 36% last year, the majority of which went to U.S. firms, according to the report. Theres probably some growth still left in the Gulf of Mexico, but its a more modest growth.. It is mandatory to procure user consent prior to running these cookies on your website. ", It will also require lessees to summarize their "engagement with Tribes and ocean users potentially affected by proposed offshore wind activities. As soon as this statistic is updated, you will immediately be notified via e-mail. IHS Markit. 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