A U.S. government auction of oil and gas drilling rights in the Gulf of Mexico generated $263.8 million in high bids, the most of any sale in the region for years and the first test of demand for investment since the Russian invasion of Ukraine. The Bureau of Ocean Energy Management (BOEM) offered 73.4 million acres in the U.S. Outer Continental Shelf (OCS) in the Gulf. Bids were read at a livestreamed event on Wednesday morning…
The Biden administration needs until the end of this year to finalize a long-awaited five-year plan for offshore oil and gas development in federal waters, according to court documents filed this week.The U.S. has been without a congressionally…
The U.S. Bureau of Ocean Energy Management (BOEM) said Friday that it would hold an oil and gas lease sale in the Gulf of Mexico in March 2023.The Gulf of Mexico Oil and Gas Lease Sale 259 will offer approximately 13,600 blocks on 73.3 million acres in the Western…
The U.S. administration on Wednesday proposed the first-ever offshore wind lease sale in the Gulf of Mexico, as part of the government's plan to spur offshore wind deployment beyond the East Coast.The proposed sale is part of the leasing path announced…
Several dead whales have recently washed up on the shores of New York and New Jersey, with environmental groups blaming the offshore wind industry and calling for its halt.The National Ocean Industries Association (NOIA), which represents the…
The Biden administration on Thursday said it would hold a Gulf of Mexico drilling auction in March of next year to satisfy a requirement in the government's new climate change law.The Bureau of Ocean Energy Management (BOEM) will offer all of…
The Biden administration on Monday proposed offshore drilling safety measures that it said would help prevent oil spills and protect workers and the environment.The proposal aims to restore safety provisions put in place by the Obama administration…
Erik Milito, president of the U.S. National Ocean Industries Association, said this week that the U.S. government's decision not to hold offshore oil and gas lease sales in the Gulf of Mexico and Alaska’s Cook Inlet was expected, but also 'devastating to Americans…
U.S. National Ocean Industries Association has welcomed this week's news that the U.S. government is looking to open more areas - off Oregon and in the Central Atlantic - for offshore wind development, but has also called for a 'legislative…
The Biden administration's sale of offshore wind development rights off the coasts of New York and New Jersey drew a record $4.37 billion in high bids from developers that included major European energy companies.The auction, which began on Wednesday and stretched into Friday afternoon…
A federal judge invalidated the results of an oil and gas lease sale in the Gulf of Mexico on Thursday saying the Biden administration failed to properly account for the auction's climate change impact.The decision has cast uncertainty over the future of the U…
The U.S. National Ocean Industries Association (NOIA) on Wednesday released the policy paper, Carbon Capture, Use, & Storage: An Economic, Employment, & Climate Opportunity for the U.S Offshore Region, where it says that while the U.S. Gulf…
The U.S. Bureau of Ocean Energy Management (BOEM) has completed its environmental review of potential impacts from offshore wind energy leasing activities in the New York Bight, a portion of the Atlantic Ocean located offshore New York and New Jersey…
U.S. oil majors Exxon Mobil Corp and Chevron Corp were among the top buyers at a federal auction of oil leases in the U.S. Gulf of Mexico on Wednesday that generated more than $190 million - the highest since 2019.The auction was a boon for federal coffers…
After the Biden administration on Tuesday said it would resume oil and gas lease sales, paused since January, National Ocean Industries Association (NOIA) said the move was good news for jobs and government revenues, and 'in no way a setback for climate progress…
