Profit from the additional features of your individual account. Coastal/Great Lakes Forecasts, Radiofax Charts Outer Continental Shelf, according to BOEM. 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.. Americas clean energy transition is happening right here and now. 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. The U.S. offshore wind market saw $9.8 billion in new investments in 2022, more than triple the prior year. 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. A paid subscription is required for full access. View the Status of Exploration and Development Plans Subject to Enhanced Safety and Environmental Requirements in the Gulf of Mexico. 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 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. National Data Buoy Center Wind Lease Auction Proposed For Offshore Louisiana And Texas Claims about offshore wind farms killing whales are unsubstantiated ", It will also require lessees to summarize their "engagement with Tribes and ocean users potentially affected by proposed offshore wind activities. By 2035, the administration aims to deploy a further 15 gigawatts of wind power through floating turbines. Marketed contracted reflects all marketed rigs that have a contract in place. ", 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 Statista, https://www.statista.com/statistics/918575/gulf-of-mexico-offshore-oil-rig-count-by-contract-type/ (last visited March 04, 2023), Monthly number of offshore oil and gas rigs in the U.S. Gulf of Mexico from May 2021 to February 2023, by contract type [Graph], IHS Markit, February 17, 2023. Youve got this tone and tenor that in many respects has had a chill on the investment community and on companies.. National Offshore Sand Inventory (NOSI) Update and Projects Supported by NOSI - Ashley Long, BOEM. It is mandatory to procure user consent prior to running these cookies on your website. Withstrong, consistent winds in the Gulf, offshore wind will help reduce pollution and strengthen our electric grid, he said. Updated on: December 29, 2022 / 10:02 PM / CBS/AP. (Mouseover and click the desired area to view the valid Global Ocean Model Currents 0-72 hour forecast data) 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. Links Then you can access your favorite statistics via the star in the header. Foundation, Weather For Boaters - BoatU.S. +8.80% Meanwhile, in February 2022, a lease sale in the New York Bight pulled in an unprecedented $4.37 billion. ", 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. 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. Offshore wind will be a great complement to Texass onshore renewable energy resources, said Luke Metzger, executive director Environment Texas, a state-specific office of Environment America. 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. These actions, which include proposing the first-ever Gulf of Mexico offshore wind lease sale, are advancing President Bidens clean energy and economic agenda to revitalize American manufacturing and harness American innovation to deliver reliable, affordable power to homes and businesses, while saving families money and strengthening energy security.Todays actionsalongside investments from President Bidens Inflation Reduction Act and Bipartisan Infrastructure Lawwill spur offshore wind deployment beyond the East Coast, boost American leadership on floating offshore wind technologies, and create good-paying jobs for workers throughout the nation, by: President Biden has taken decisive action to jumpstart the American offshore wind industry, ushering in billions of dollars in investments since he took officeincluding $9.8 billion in new investments in 2022 alone, more than triple the previous year. Strong to gale force S winds are occurring E of the front over the eastern and central Gulf. Weve got you covered! Get full access to all features within our Business Solutions. We thank these leaders for going big on offshore wind to help us secure clean, abundant energy and reduce pollution., Todays announcement is another significant milestone in the development of domestic offshore wind production. . The interior secretary says there is no time to waste. Sea Surface Temperature (SST) Contour Charts 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.. In 2016 NREL reported that the Gulf holds about 15% of the US' gross offshore wind energy potential and 25% of the country's technical offshore wind energy potential. Monday . The Biden . and cookie policy to learn more about the cookies we use and how we use your Subsea7, a company that provides services to offshore oil and gas industries, has reached a deal to acquire a majority of Seaway7s remaining shares, giving it full control over its March 3 (Reuters)About 50offshoreworkers on BPNorth Sea installations have backed strike action in a dispute over pay and overtime rates, British union Unite said on Friday. Im 66, we have more than $2 million, I just want to golf can I retire? Biden considers 1st offshore wind auction in Gulf of Mexico The first auction for leases off the Pacific Coast, held in December of last year, brought in more than $757 million. Rachel Koning Beals is a MarketWatch news editor in Chicago. High resolution CoastWatch imagery. Biden considers 1st offshore wind auction in Gulf of Mexico These funds are distributed to the U.S. Treasury and several different programs through various revenue sharing laws. Updated Monthly Data last updated on 3/1/2023 11:00 AM (CST) Permit Type. The fossil-fuel industry has both fought against the spread of wind power and has placed selective investments in the technology. New Orleans, LA 70130 CL00, Strong NW winds are behind the front over the NW Gulf, with gale force N winds . National Weather Service. The NCEP Global Real-Time Ocean Forecast System (Global RTOFS) data is based on the U.S. Navy implementation of Global HYCOM. Those shortcomings have pushed investment in battery storage. Since the start of the current . These systems are presently used in water depths greater than 5,000 feet. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. Someoffshore giants are increasingly setting their sights on waters beyond the Gulf of Mexico. This website requires certain cookies to work and uses other cookies to help you have the best experience. The wind turbine charges a bank of batteries, thus enabling efficient wind turbine power distribution throughout the grid. It is the longest-running oil spill in U.S. history. 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. Offshore seismic data firm TGS, in collaboration with oilfield services giant SLB, this week announced the Engagement III ultra-long offset ocean-bottom node (OBN) acquisition in Green Canyon, U.S. Gulf of Mexico. Reading Time: 11 minutes. OCS Report BOEM 2022-022- U.S. 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. 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. Text. Growth was primarily driven by lease auction fees, though more than $4.4 billion was directed to port infrastructure, supply chain development, and transmission. Accessed March 04, 2023. https://www.statista.com/statistics/918575/gulf-of-mexico-offshore-oil-rig-count-by-contract-type/, IHS Markit. 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. On April 5, 2022, changes to the Tropical Analysis and Forecast Branch (TAFB) offshore marine zones were made. Defense Daily subscriber and registered users, please log in here to access the content. Water Depth . Companies have slashed deepwater exploration budgets primarily in response to recent oil busts and the pandemic, which squeezed revenues. Ocean Model Current Areas. These forecasts are prepared by the Ocean Prediction Center, National Hurricane Center, Honolulu Forecast Office, Juneau Forecast Office, Anchorage Forecast Office, and Fairbanks Forecast Office. Biden Considers 1st Offshore Wind Auction in Gulf of Mexico A new tool was used in the Gulf of Mexico on Wednesday to monitor the water and support red tide research, human health and the ecosystem. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). 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. "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 environmental group Clean Ocean Action has joined . All rights reserved. Archives. By visiting We also use third-party cookies that help us analyze and understand how you use this website. 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. 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. United States, Date Marine Weather - National Weather Service The best states in the U.S. come from coast to coast. Oil and Gas - Gulf of Mexico | Bureau of Ocean Energy Management Join the 89,052 members that receive our newsletter. The loop current is one of the fastest currents in . Even as it pushes forward to develop U.S. offshore wind energywith a lease auction now set in the Gulf of Mexico by year end, an accelerated "earthshot" for floating wind technology and . Are you interested in testing our business solutions? This proposed lease sale will continue the legacy of energy production in the Gulf of Mexico, providing Americans with an affordable clean energy supply. Even with the new platforms coming online, Gulf oil production wontgrow substantiallyin the coming years as maturefields decline, according to analysts. Claims about offshore wind farms killing whales are unsubstantiated It was viewed 11 times while on Public Inspection. (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. The first sites will be off the coasts of Texas and Louisiana. By visiting this website, certain cookies have already been set, which you may delete and block. Yep, . The Gulf Coast, which has been home to numerous offshore oil and gas wells, could . This is NOT a complete listing of National Weather Service marine forecast products.