Latest News for: Offshore auctions

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Biden’s freeze on oil, gas leases on public land is reinstated — for now

Mining Dot Com 18 Aug 2022
... is required to hold two auctions of oil and gas leases in the Gulf of Mexico ... Although new offshore production can take years to bring online, oil industry executives say the new auctions are needed to replenish reserves and offset natural declines at existing wells in the Gulf.
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PLI wind beneath renewables wings

Financial Express 18 Aug 2022
Reportedly, the government plans to formulate a PLI scheme to augment the offshore wind industry as well in the country ... The government recognises a huge potential in offshore wind ... The recently announced auctions to commission offshore wind generation capacity need to materialise to create visibility of a project pipeline.
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Wind energy and investment

The Irish Times 18 Aug 2022
Regarding future offshore developments whereby bidding auctions will take place for developers, could the Government provide an opportunity for the Irish people to invest as a shareholder in one of our prized indigenous resources?.
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Source Energie unveils plans for second gigawatt-scale hydrogen producing floating wind project

Splash24/7 17 Aug 2022
The Crown Estate in July named five zones for floating offshore wind energy generation projects in the Celtic Sea to be tendered in the 2023 auction, with the aim of delivering 4GW of energy by 2035 ... The Celtic Sea is a strategic location for power generation with optimal conditions for floating offshore wind projects.
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Labor agreement in the works for Humboldt Bay port development

Times Standard 17 Aug 2022
This fall, the Bureau of Ocean Energy Management is planning on auctioning leases for offshore wind development approximately 20 to 30 miles off the coast of Humboldt Bay and further south off Morro Bay ... Developers have expressed plans for at least a community-scale offshore wind project by that time.
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Oil industry gears up to tap U.S. climate bill for carbon capture projects

Reuters 16 Aug 2022
Importantly, it automatically approved high bids from a November 2021 offshore auction that included a drilling project intended for a carbon-burying scheme ... And while offshore auctions cover large blocks, aggregating smaller tracts of private land owners onshore can slow the process, he said.
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California Adopts Target for 25 GW from Offshore Wind Farms

The Maritime Executive 11 Aug 2022
East Coast in the development of offshore wind power generation in part due to technical challenges, the new plan is a key step in moving the industry forward as the federal government also prepares for the first lease auctions for the California coast ... the first lease auctions.
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Scotland is Installing Offshore Wind to Power Offshore Oil Platforms

The Maritime Executive 11 Aug 2022
The newly-announced Innovation and Targeted Oil and Gas (INTOG) lease round is additional to the massive ScotWind auction for commercial-scale offshore wind projects, which was completed in January ... The INTOG wind auction solicits proposals from offshore wind developers for ...
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The US has finally passed a huge climate bill. Australia needs to keep up

Beijing News 11 Aug 2022
If politics moves slowly, climate politics often feels like it doesn't move at all ... They passed a major climate bill. And not just any bill ... It's been a hard road ... But then Manchin cut a deal ... His interventions mean the bill has rewards for the oil and gas industries, such as requiring the federal government to auction new offshore oil and gas leases.
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UK must act on storage to ditch gas for offshore wind

Reuters 10 Aug 2022
The government will reform offshore wind planning processes to cut approval times from four years to one and hold annual auctions for contract for difference (CFD) subsidies every year, it said, rather than every two years under the current process.
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The Inflation Reduction Act promises thousands of new oil leases. Drillers might not want them.

Grist 09 Aug 2022
The result is that offshore auctions just aren’t what they used to be. Take for instance the offshore lease auction that the Biden administration held last November, the largest such sale in history ... Then, in November of last year, the administration held the largest-ever offshore lease auction.
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Reconciliation Bill Gives Massive Boost to U.S. Offshore Wind

The Maritime Executive 08 Aug 2022
Offshore wind farms are eligible for an investment tax credit of 30 percent, and the subsidy was set to expire in 2025 ... It requires the federal government to offer at least 60 million acres of the continental shelf at oil and gas lease auctions in the year prior to any offshore wind lease sale.
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The Tories are doomed if they betray Thatcher and retreat from net zero

The Daily Telegraph 05 Aug 2022
He knows that offshore wind is the best levelling-up investment yet discovered, a lifeline to the long-neglected towns of the East Coast, as well as generating ever-cheaper electricity – down to £37.35 MWh in the latest auction. Britain Leads The World On Offshore Wind.
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Greece adopts key offshore wind law, targets 2 GW in its seas by 2030

Renewables Now 04 Aug 2022
The Greek government is expected to adopt a number of decrees in the coming months that will specify offshore wind zones and auction criteria ... Those with a research permit will be allowed to participate in the upcoming offshore wind auctions, the first of which could be held as early as 2025-2026, the industry group said.
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California sets goal of 2 to 5 GW of offshore wind development by 2030

Times Standard 03 Aug 2022
“To ‘go big,’ you have to ‘plan big.’ For offshore wind, the next key steps include the federal lease auction this fall and developing a comprehensive strategic plan for offshore wind transmission, port infrastructure, procurement, additional call areas, workforce development, and a sustainable supply chain.”.

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