Reading Time: 11 minutes. Feedback CL00, 3205. 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 OCS activities generate substantial revenues from lease sales, royalties on production, and rental fees. +2.18% It was viewed 11 times while on Public Inspection. National Weather Service. The BOEM has proposed lease sales in two designated wind energy areas, or WEAs, off Louisiana and Texas. Theres probably some growth still left in the Gulf of Mexico, but its a more modest growth.. Updated Monthly Data last updated on 3/1/2023 11:00 AM (CST) Permit Type. The U.S. Coast Guard spent hours Thursday searching the waters off Louisiana for four people on board a helicopter that crashed while departing . But even with oil at $100 a barrel, a big comeback is unlikely. Companies have slashed deepwater exploration budgets primarily in response to recent oil busts and the pandemic, which squeezed revenues. 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). Linked data may not represent the latest forecast. +2.06%, The Biden-Harris administration is on track to hit self-defined targets to lease seven new areas and perform 16 project environmental reviews. Ocean Model Current Areas. By visiting 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. Gulf of Mexico Oil Rigs: 1942-2005 (Animation) A chronology of oil and gas rig installations in the Gulf of Mexico, showing the increased number of rigs and the greater installation depths, ending by displaying the location of BP's Deepwater Horizon explosion. 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. "Monthly number of offshore oil and gas rigs in the U.S. Gulf of Mexico from May 2021 to February 2023, by contract type." All rights reserved. Washington, D.C. 20240 Onceall six platforms are online, they couldproduceup to560,000 barrels a day. By closing this message or continuing to use our site, you agree to the use of cookies. 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 . 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 . 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. help you have the best experience while on the site. ", RISING GAS PRICES FUEL SMALL BUSINESS CONCERNS AS BIDEN ADMIN ASKS FOR VENEZUELA'S HELP: 'VERY FRUSTRATING'. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. 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. 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 Bldg. Use Ask Statista Research Service. Strong to gale force S winds are occurring E of the front over the eastern and central Gulf. This project has the potential to power almost 1.3 million homes with clean energy. Copyright 2023 TheAssociated Press. Strong NW winds are behind the front over the NW Gulf, with gale force N winds . Well Permits Statistics. via offshore rig. Links The environmental group Clean Ocean Action has joined . The Interior Department's five-year offshore leasing plan is required by law. These are particularly necessary further off Californias coast where the Pacific floor drops off considerably and platforms cant be anchored. You need at least a Starter Account to use this feature. Okaloosa-Walton County Line to Mexico Beach 20 to 60 NM out. Accessed March 04, 2023. https://www.statista.com/statistics/918575/gulf-of-mexico-offshore-oil-rig-count-by-contract-type/, IHS Markit. ", It will also require lessees to summarize their "engagement with Tribes and ocean users potentially affected by proposed offshore wind activities. By some measures, offshore platforms are lessenvironmentally damaging because theyemit about half the greenhouse gas levelsoftheir shale counterparts, according to S&P Global. API argues that the oil and gas industry needs time in advance to scout sites and search for energy reserves in the Gulf and elsewhere, that Bidens slowdown in offshore lease sales for oil and gas is creating massive uncertainty in the industry and potential energy supply problems down the road. This statistic is not included in your account. Also out this week, the 2023 U.S. Offshore Wind Market Report found state demand for offshore wind nearly doubled in 2022. You also have the option to opt-out of these cookies. NWS Dissemination Methods, Items of Interest According to the conservation group Oceana, "at least 150 dolphins and whales were found dead" after the 2010 Deepwater Horizon oil rig explosion in the Gulf of Mexico. 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. Gulf of Mexico Offshore Sand Management Working Group Questions? 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 announcement comes as the number of offshore oil and gas leases granted under the Biden administration have shrunk . 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. Instead of launching megaprojects to explore in ever deeper waters farther from shore, producers are increasingly shifting to smaller designs and subsea tiebacks, which connect new oil and gas production to existing networks of platforms and pipelines. (AP Photo/David Goldman, File)David Goldman. IHS Markit. All NOAA, Marine, Tropical and Tsunami Services Branch, Offshore waters forecast for the Gulf of Mexico including all zones and synopsis
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. We use cookies on our website to give you the most relevant experience. Best States is an interactive platform developed by U.S. News for ranking the 50 U.S. states, alongside news analysis and daily reporting. The department said several environmental and "equity" considerations will be considered by Interior as it considers lease proposals. The move is part of a wider administration goal of offshore wind installations up and down America . {"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. 1849 C Street, NW Visit our privacy But Texas isnt without its own challenges. This website uses cookies to improve your experience while you navigate through the website. Americas wind power resources, both onshore and offshore, have the technical potential to produce40 millionGWh of electricity each year, equivalent to 11 times the amount of electricity used across the U.S. in 2020, the advocacy group Environment America said. Published by Jessica Aizarani , Feb 28, 2023. Global Maritime Distress and Safety System Mississippi Sound. 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 . February 22, 2023, 12:05 PM. Visit our updated. The White House Offshore wind turbines in the Gulf of Mexico may create adverse impacts to that system. Design, CMS, Hosting & Web Development :: ePublishing. 2023 Access Intelligence, LLC - All Rights Reserved. Regional Sediment Management Update - Elizabeth Godsey, United States Army Corps of Engineers. 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. Regulatory concernsalso loom large over the offshore sector, which relieson regular federal lease auctions to maintain output. Leaflet. The Proposed Sale Notice (PSN)includes. 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. 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 key findings from the report include: The advancement of an offshore wind lease sale in the Gulf of Mexico is a game-changer, said Liz Burdock, founder and CEO of the Business Network for Offshore Wind, in a statement provided to POWER. The Gulf is the nations primary offshore source of oil and gas, generating about 97% of all oil and gas production on the U.S. 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 . Long-term state offshore wind targets increased 79% last year. Marine, Tropical and Tsunami Services Branch1325 East-West Hwy, 13th floorCommunications OfficeSilver Spring, MD 20910Comments? New safeguards to protect offshore personnel and the environment took effect October of 2010. . This material may not be published, broadcast, rewritten or redistributed. The current administration remains keen to encourage offshore wind deployment beyond the East Coast of the US.