Leasing Offshore

Latest News for: Leasing offshore

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Guest column: Offshore leasing is crucial to our clean energy transition

The Advocate 31 Mar 2023

Just this week, an offshore lease sale mandated by the Inflation Reduction Act ensured continued production in the Gulf of Mexico, but more needs to be done to meet the growing energy demand and provide certainty to U.S ... lacking a five-year leasing program shows quite the opposite ... It’s time for a new five-year offshore leasing program.

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DOE's Strategy to Accelerate and Expand Offshore Wind Deployment

The Maritime Executive 31 Mar 2023

“The transformative potential of offshore wind energy is critical to achieving President Biden’s clean energy goals,” said U.S ... The Biden administration highlights that these efforts are a continuation of the strategy mapped out that included holding up to seven offshore wind lease sales by 2025.

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$264M bid for oil leases in Gulf

Arkansas Democrat-Gazette 30 Mar 2023

Since it takes years to develop offshore parcels before crude is pumped, the leases are expected to produce oil and gas long past 2030, when scientists say the world needs to have drastically cut greenhouse gas emissions to stave off catastrophic climate change ... OFFSHORE WIND.

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RWE and Entergy Partner to Define Route to Market for Offshore Wind in the Gulf ...

Longview News-Journal 30 Mar 2023

RWE's early success acquiring two offshore wind lease areas in the U.S ... Through two offshore wind lease auctions in 2022, namely in the New York Bight and California, RWE has secured sites with the potential to host a total of about 3.9 GW (pro rata RWE) installed capacity in offshore wind.

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Companies bid $264M in Gulf oil sale mandated by climate law

Moosejaw Today 30 Mar 2023

The next Gulf lease sale is scheduled in September ... Since it takes years to develop offshore parcels before crude is pumped, the leases could produce oil and gas long past 2030 ... Oil industry groups called for more offshore lease sales so companies can continue exploration work to ensure future domestic supplies.

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Biden won’t veto Republican-led bill ending COVID emergency

The Associated Press 30 Mar 2023

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Wes Moore intensifies Maryland offshore wind energy push, drawing Andy Harris rebuke

Herald Mail 30 Mar 2023

To support the effort, the administration is working to establish new lease areas and strengthen the offshore wind supply chain ... For offshore wind energy companies like Ørsted and US Wind, which have a combined four lease areas off the coast of Maryland and Delaware, the question is just how dynamic production will be.

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Planned Offshore Wind Turbines for California

NBC Bay Area 30 Mar 2023

California has just taken the first step in creating an offshore wind farm. Five energy companies just won the bid to lease 583 square miles off the coast of Humboldt County and near Morro Bay ... But if we get to 86 gigawatts, then we’ll be at 7% of our electricity coming from offshore wind.

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Maryland announces goals for massive offshore wind power increase

Reuters 30 Mar 2023

Moore is working "to establish new lease areas and strengthen the offshore wind supply chain," as well as establish grants to support the effort, the governor's office said in a statement ... There are currently proposals to build over 6,100 MW of offshore wind off ...

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Gulf lease sale draws $264 million in bids for offshore drilling

Marietta Daily Journal 30 Mar 2023

Mar. 30—WASHINGTON — An offshore oil and gas lease sale for the Gulf of Mexico generated $264 million in winning bids as large oil companies such as Exxon Mobil and Chevron sought to expand their footprint in America's largest offshore ... .

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$264M offered in Gulf oil sale held under climate compromise

Winston-Salem Journal 30 Mar 2023

The next Gulf lease sale is scheduled for September ... Since it takes years to develop offshore parcels before crude is pumped, the leases could produce oil and gas long past 2030, when scientists say the world needs to have drastically cut greenhouse gas emissions to stave off catastrophic climate change.

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U.S. House passes sweeping energy bill pushing back against Biden climate policies

Mesabi Daily News 30 Mar 2023

... leases.Focus on prices ... But, after a federal judge reversed an early Biden administration order to pause leases on federal lands, the administration has already resumed lease sales, including a on Wednesday for offshore production in the Gulf of Mexico.Permitting a possibility.

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Big Oil splits over production vs carbon storage in Gulf of Mexico auction

Reuters 30 Mar 2023

Summary. Companies. Chevron bids amounted to 41% of $264 million in total bidsExxon's near-shore selections most suited to carbon storage. HOUSTON, March 29 (Reuters) - Exxon Mobil Corp (XOM.N) on Wednesday bid for offshore blocks to store carbon dioxide underground during a government oil and gas lease sale in the U.S ... The largest U.S ... 2 U.S ... ....

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'Historic Moment': Applause as UN Adopts Climate Justice Resolution

Common Dreams 30 Mar 2023

Climate justice advocates cheered Wednesday after the United Nations General Assembly unanimously adopted a resolution calling on the International Court of Justice to issue an advisory opinion on climate change and human rights ... history—and moved ahead with Lease Sale 259, one of the largest-ever offshore drilling auctions in the Gulf of Mexico ... .

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FACT SHEET: Biden-⁠Harris Administration Continues to Advance American Offshore Wind Opportunities

The White House 29 Mar 2023

The Department of the Interior (DOI) released a first-ever offshore wind leasing strategy, which includes holding up to seven offshore wind lease sales by 2025 ... President Biden’s Inflation Reduction Act provides opportunities for offshore wind lease sales off the coasts of Florida, Georgia, South Carolina, North Carolina, and the U.S.