Offshore Auctions

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Biden angers all sides with scaled back offshore oil drilling plan

Reuters 30 Sep 2023

Previous five-year offshore lease programs have ranged between 11 and 41 sales, according to Interior's U.S ... The Inflation Reduction Act, a landmark climate change law passed last year, made oil and gas lease sales a prerequisite for new offshore wind power auctions.

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U.S. proposes 3 Gulf of Mexico oil, gas leases

Arkansas Democrat-Gazette 30 Sep 2023

The provision tying offshore wind to oil and gas production was added by Democratic Sen ... Still, the plan allows drillers such as Chevron, BP and ExxonMobil to participate in as many as three oil and gas auctions over the next five years, a top priority for the industry that could lock in decades of offshore oil and gas production.

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Biden administration calls for 3 oil and gas auctions in 5 years, all in Gulf ...

The Advocate 29 Sep 2023

The Bureau of Ocean Energy Management, the division of Interior that handles offshore drilling auctions, tried to reduce the available Gulf acreage from roughly 73.4 million acres to about 67 million acres in an attempt to protect the Rice’s whale, a critically endangered Gulf species.

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Biden administration proposes to offer fewest-ever offshore drilling rights sales

The Hill 29 Sep 2023

The Biden administration is offering up significantly fewer offshore drilling auctions than even its Democratic predecessors ... The passage of the Democrats’ climate, tax and healthcare bill stipulated that in order to auction off the rights to build offshore wind turbines, the federal government must also sell offshore drilling rights.

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Biden defies environmentalists by selling offshore oil drilling rights

Hastings Tribune 29 Sep 2023

The Interior Department ruled out adopting an offshore oil leasing plan that completely blocked auctions through late 2028, according to people familiar with the deliberations who declined to be named because the measure is not yet public.

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Biden's 5-year offshore oil plan to have just three auctions - sources

Natural Gas World 29 Sep 2023

President Joe Biden's campaign promise to end new federal drilling entirely to fight climate change, after court decisions required continued leasing and last year's Inflation Reduction Act made them a pre-requisite for new offshore wind power lease auctions.

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Biden Interior pushes pared down offshore drilling plan

Politico 29 Sep 2023

The Biden administration is proposing to hold three offshore oil and gas lease sales through 2029, the lowest number of auctions in the program’s history in a move that’s likely to anger both Republicans who back the industry and environmental advocates who have called for an end to drilling on federal land and water.

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Biden's 5-year offshore oil plan to have historically few lease sales, none in 2024, sources say

Reuters 29 Sep 2023

President Joe Biden's campaign promise to end new federal drilling entirely to fight climate change, after court decisions required continued leasing and last year's Inflation Reduction Act made them a pre-requisite for new offshore wind power lease auctions.

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Biden calls for up to three oil and gas lease sales in the Gulf of ...

Times Union 29 Sep 2023

The provision tying offshore wind to oil and gas production was added by Democratic Sen ... Still, the plan allows drillers such as Chevron, BP and ExxonMobil to participate in as many as three oil and gas auctions over the next five years, a top priority for the industry that could lock in decades of offshore oil and gas production.

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Biden calls for up to 3 oil and gas lease sales in the Gulf of ...

Jacksonville Progress 29 Sep 2023

The provision tying offshore wind to oil and gas production was added by Democratic Sen ... Still, the plan allows drillers such as Chevron, BP and ExxonMobil to participate in as many as three oil and gas auctions over the next five years, a top priority for the industry that could lock in decades of offshore oil and gas production.

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Biden to sell three oil and gas leases over five years, angering climate advocates

The Observer 29 Sep 2023

Environmental justice advocates in the Gulf, which is currently the nation’s primary source of offshore oil and gas, were incensed by the new proposal ... The administration signalled in an earlier draft of the plan that it would auction off up to 11 offshore oil and gas leases, 10 in the Gulf of Mexico and one in Alaska’s Cook Inlet.

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Biden backs new offshore drilling in the Gulf of Mexico. Scaled-back plan disappoints all sides

The Galveston Daily News 29 Sep 2023

The provision tying offshore wind to oil and gas production was added by Democratic Sen ... Still, the plan allows drillers such as Chevron, BP and ExxonMobil to participate in as many as three oil and gas auctions over the next five years, a top priority for the industry that could lock in decades of offshore oil and gas production.

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US plans sharp reduction in offshore oil and gas auctions

Reuters 29 Sep 2023

... TO OFFSHORE WIND POWER. Recent court decisions required continuation of the program and last year's Inflation Reduction Act made oil and gas lease sales a prerequisite for new offshore wind power auctions, making it impossible for Biden to keep his campaign promise.

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Prysmian wins 1.1 billion euro contract for power transmission projects in Germany

Reuters 29 Sep 2023

The two projects will connect an offshore windfarm area to the German grid, and are part of the country's long term plan to boost its installed capacity of offshore wind generation in the North Sea and transfer power to consumers in its eastern and southern regions ... MarketscategoryUS plans sharp reduction in offshore oil and gas auctions.

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India Issues Tender for Allocation of 7GW of Offshore Wind Capacity

The Maritime Executive 29 Sep 2023

India is inviting developers to tender bids for the allocation of a large swathe of offshore wind sites off the coast of Tamil Nadu ... Offshore wind capacity of approximately 37 GW is planned to be auctioned by 2030. On top of this, the government has published a strategy for development of offshore wind energy projects, proposing three models.