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Lease Sale News

20 Dec 2023

US Gulf of Mexico oil Auction is Largest Since 2015

© arsenypopel / Adobe Stock

A Biden administration auction of Gulf of Mexico drilling rights raised $382 million on Wednesday as oil companies claimed offshore acreage for what is set to be the last time until 2025.The auction total was the highest of any federal offshore oil and gas lease sale since 2015, according to a Reuters tally.Shell, Hess, Anadarko, BP, Chevron, Repsol and Equinor were among the 26 companies that participated in the sale.Anadarko had the auction's highest bid of more than $25 million for a block in the deepwater Mississippi Canyon area, according to an online broadcast of the sale by the U.S.

11 Dec 2023

US Proposes Offshore Wind Auction for Central Atlantic Areas Next Year

© Fokke Baarssen / Adobe Stock

The Biden administration on Monday announced a plan to sell offshore wind development rights for two areas off the coasts of Delaware, Maryland and Virginia next year.The proposed sale by auction is the latest effort by President Joe Biden's Interior Department to accelerate the expansion of offshore wind energy to combat climate change.The administration has forged ahead with its ambitious offshore leasing plan despite soaring industry costs and supply chain constraints that have derailed some projects.

06 Oct 2023

US Sets Date for Gulf of Mexico Lease Sale After Court Order

Credit: Lukasz Z/AdobeStock

The Biden administration on Thursday said it would hold an auction of oil and gas leases in the Gulf of Mexico on Nov. 8 following a court order to expand the sale.In a statement, the U.S. Bureau of Ocean Energy Management said the sale would offer about 72.7 million acres on the Outer Continental Shelf, including 6 million acres it had withdrawn from the auction in an effort to protect the endangered Rice's whale habitat.Last month, a U.S. appeals court gave the administration until Nov. 8 to hold the sale, which was originally scheduled for Sept. 27.

27 Sep 2023

BOEM Postpones Oil and Gas Lease Sale 261

© Lukasz Z / Adobe Stock

The U.S. Interior Department's Bureau of Ocean Energy Management (BOEM) said on Tuesday it will postpone its next sale of oil leases in the Gulf of Mexico.The agency said it will not hold Lease Sale 261 on September 27, 2023, as originally planned as a result of last week's ruling by the U.S. Court of Appeals for the Fifth Circuit ordering an expansion of acreage being offered after BOEM earlier reduced the area in an effort to protect an endangered whale species."The order allows time for a more orderly lease sale process…

22 Sep 2023

U.S. Judge Orders Expansion of Gulf of Mexico Oil Lease Auction

Credit: Mike Mareen/AdobeStock

A federal judge in Louisiana has ordered an expansion of next week's sale of oil leases in the Gulf of Mexico, saying the Biden administration must include additional acreage, according to a court ruling issued late on Thursday.The oil and gas industry, which had sued the administration,  welcomed the decision to restore 6 million acres to the auction after the Interior Department's Bureau of Ocean Energy Management earlier reduced the area available for lease in an effort to protect an endangered whale.U.S.

31 Aug 2023

Low Interest Shown in US' First Gulf of Mexico Offshore Wind Auction

© Thomas / Adobe Stock

Only one of three available areas was sold during the United States' first ever offshore wind lease sale in the Gulf of Mexico on Tuesday.The auction, held by the Interior Department's Bureau of Ocean Energy Management (BOEM) offered up three sites for offshore wind development, including one in Louisiana (Lake Charles) and two in Texas (Galveston I and II). Together, the three shallow water sites contain a theoretical potential of 3.7 gigawatts (GW). While 16 companies had prequalified to participate in the auction, bid activity was subdued.

28 Aug 2023

First US Gulf Offshore Wind Auction to Fuel Green Hydrogen Push

© Ian Dyball / Adobe Stock

The U.S. Gulf Coast region, the nation's primary offshore source of oil and gas, has cheap electricity and lacks state mandates for renewable energy procurement, making it an unlikely place to expand one of the most expensive forms of clean energy.That is why players in the nascent U.S. offshore wind industry are looking beyond the grid when the Biden administration holds the first-ever offshore wind auction in the Gulf of Mexico on Tuesday, eyeing the sale instead as a way to…

25 Aug 2023

Oil Companies Sue Over Lease Changes Made to Protect Whales

© Mike Mareen / Adobe Stock

An oil and gas industry trade group, the state of Louisiana and Chevron on Thursday sued the Biden administration over its decision to withdraw acreage from an upcoming oil and gas lease sale in the Gulf of Mexico to protect an endangered whale.The suit is the latest dispute between the oil and gas industry and the administration of President Joe Biden over leasing federal lands and waters for energy development.Biden paused federal drilling auctions shortly after taking office in 2021 as part of his climate change agenda…

01 Aug 2023

BOEM Announces Three Final Wind Energy Areas Offshore Delaware, Maryland, and Virginia

Credit: BOEM

The U.S. Bureau of Ocean Energy Management (BOEM) on Monday announced three final Wind Energy Areas (WEAs) offshore Delaware, Maryland, and Virginia.These areas, BOEM said, were developed following extensive engagement and feedback from states, Tribes, local residents, ocean users, federal government partners, and other members of the public.If fully developed, the final WEAs could support between four and eight gigawatts of energy production. The Biden administration has a goal of deploying 30 gigawatts (GW) of offshore wind energy capacity by 2030.The three WEAs total approximately 356…

30 May 2023

BOEM Completes Environmental Review of Gulf of Mexico Wind Lease Areas

© Thomas / Adobe Stock

The United States' Bureau of Ocean Energy Management (BOEM) on Tuesday issued a final environmental assessment (EA) on potential impacts from offshore wind leasing on the U.S. Outer Continental Shelf in the Gulf of Mexico, marking another step toward the potential first-ever offshore wind lease sale in the Gulf.The assessment, completed with the help of the Gulf of Mexico Intergovernmental Renewable Energy Task Force—a collaboration between Tribal, Federal, state, and local government agencies—found "no significant impacts to environmental resources"…

30 Mar 2023

Big Oil Splits Over Production vs Carbon Storage in Gulf of Mexico Auction

Credit: Scott Bufkin/AdobeStock

Exxon Mobil Corp on Wednesday bid for offshore blocks to store carbon dioxide underground during a government oil and gas lease sale in the U.S. Gulf of Mexico, while rivals Chevron Corp and BP Plc targeted areas for production.The largest U.S. oil company has been selling oil production blocks in the U.S. Gulf since 2018 as it shifts to more lucrative fields elsewhere. And yet, it bought dozens of blocks in the past couple of years in the same basin with a new purpose: burying carbon dioxide instead of pumping oil.The government oil license auction generated $264 million in high bids…

13 Mar 2023

Offshore Wind Hub Planned at Avondale Global Gateway in Louisiana

© Fokke Baarssen / Adobe Stock

An offshore wind hub is coming to the site of the former Avondale Shipyard in Louisiana as the region ramps up to service the growing renewable energy industry in the U.S. Gulf of Mexico.New Orleans-based Gulf Wind Technology (GWT) announced Monday it is collaborating with energy supermajor Shell to establish a research, training and technology demonstration program at GWT’s facility within the Avondale Global Gateway in Jefferson Parish.The news comes after the Biden administration…

24 Feb 2023

U.S. Gulf of Mexico Oil and Gas Lease Sale Set for March

©Lukasz Z/AdobeStock

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, Central, and Eastern Planning Areas on the U.S. Outer Continental Shelf. Lease Sale 259 was one of three offshore lease sales initially cancelled by the Biden Administration in May 2022. The subsequent Inflation Reduction Act of 2022 (IRA) mandated that BOEM hold Lease Sale 259 no later than March 31…

22 Feb 2023

U.S. Gov't Proposes First-ever Offshore Wind Lease Sale in Gulf of Mexico

©dell/AdobeStock

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 by Secretary Haaland in 2021 to meet the Biden-Harris administration’s goal to deploy 30 gigawatts (GW) of offshore wind energy capacity by 2030 and follows the Department’s approval of the nation's first two commercial-scale offshore wind projects.The Proposed Sale Notice (PSN) announced Wednesday includes a 102…

25 Jan 2023

Onshore Funding for US Offshore Wind

© Ian Dyball / Adobe Stock

Most of the media coverage of offshore wind development in the United States focuses on the leases of the offshore areas where the wind turbines will be located. However, equally important is the landside dimension of these projects, including the manufacture, installation, maintenance and operation of the turbines. Several awards made in the last two rounds of funding under the Port Infrastructure Development Program (PIDP) show how offshore wind now offers an additional direction of port development for which funding is available.

03 Jan 2023

US Lease Sale off Alaska Coast Draws One Bid

© Paul / Adobe Stock

The U.S. government on Friday received just a single bid, from Hilcorp Alaska, for oil and gas drilling rights off the coast of Alaska the first federal auction in the region in more than five years.The offer of nearly 1 million acres in the Cook Inlet was among the concessions to the oil and gas sector included in President Joe Biden's signature climate change law, the Inflation Reduction Act (IRA).Under the law, the Interior Department is required to hold the sale by Dec. 31.

08 Dec 2022

Update: European Firms Capture Most Leases in California Offshore Wind Auction

© halberg / Adobe Stock

The U.S. government's first-ever sale of offshore wind development rights off the coast of California drew $757.1 million in high bids, mainly from European companies seeking a foothold in the U.S. wind-power industry's expansion to the Pacific Ocean.The auction began on Tuesday and ended Wednesday, the offshore wind industry's first chance to snag leases in waters off the U.S. West Coast. It was a milestone in the global expansion of floating wind, a fledgling technology necessary…

06 Dec 2022

U.S. Starts First California Coast Offshore Wind Lease Sale

The California sale is viewed as a test of industry appetite for investing in floating offshore wind technology, which to date has been limited to small pilot projects in places including Norway and Portugal. Photo: A floating wind turbine - For Illustration -  By Untrakdrover - Own work, CC BY-SA 3.0, Wikimedia Commons

The United States on Tuesday is set to kick off the first sale of offshore wind development rights for waters off the coast of California, expanding the nascent domestic industry to the Pacific Ocean.The auction is a major milestone in the Biden administration's push to put wind turbines along every U.S. coastline as part of its climate change agenda. Projects developed in the area could one day power 1.5 million homes, according to the Department of Interior, and are a key part of California's efforts to wean its power sector off fossil fuels by 2045.The sale also puts the United States…

31 Oct 2022

U.S. Designates Offshore Wind Farm Development Areas in Gulf of Mexico

©BOEM

The U.S. Gulf of Mexico, best known to the offshore energy industry as an oil and gas province, is for the first time opening its doors to the offshore wind industry, with the U.S administration on Monday designating two areas for offshore wind development in the region.The U.S. Bureau of Ocean Energy Management (BOEM) on Monday said it had finalized two Wind Energy Areas (WEAs) in the Gulf of Mexico, with the potential to produce enough electricity to power nearly 3 million households.The first WEA is located approximately 24 nautical miles (nm) off the coast of Galveston, TX.

31 Oct 2022

Crowley, Humboldt Bay to Develop and Operate California Wind Terminal

(Image: Crowley)

Crowley signed an agreement on Thursday with the Port of Humboldt Bay to exclusively negotiate to be the developer and operator of a terminal to serve as California’s first hub for offshore wind energy installations. Through Crowley’s Wind Services group, the company will enter into negotiations with the port to lease and serve as the port’s developer of the Humboldt Bay Offshore Wind Heavy Lift Marine Terminal. The services provided will support tenants in the manufacturing, installation and operation of offshore wind floating platforms…

19 Aug 2022

US Advances Plans for Offshore Wind in Maine

The U.S. Department of the Interior announced next steps to bring offshore wind energy to the Gulf of Maine. The Bureau of Ocean Energy Management (BOEM) has made available a Request for Interest (RFI) and Request for Competitive Interest (RFCI) in the Federal Register for public comment.“President Biden has set ambitious goals to address the climate crisis, and in response the Interior Department is taking historic steps to develop a robust and sustainable clean energy future,” said Secretary Deb Haaland.

01 Aug 2022

US Senate Bill Could be Death Blow for Biden Anti-drilling Pledge

© Leo / Adobe Stock

U.S. President Joe Biden vowed during his 2020 election campaign to end federal oil and gas drilling as a major step in his strategy to fight climate change.The U.S. Senate Democrats' $430 billion spending bill agreed this week could kill that pledge. If it passes, it would effectively guarantee continued drilling rights auctions on federal lands and waters for at least another decade.Still, with Congress set to begin a summer recess by the end of next week, Senate Majority Leader Chuck Schumer faces a tricky road to quick passage for the bill…

13 May 2022

NOIA: U.S. Gov't Move Against Offshore Oil & Gas Lease Sales 'Devastating to Americans'

An oil platform in Cook Inlet, Alaska/Image by Paul/AdobeStock

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.""This decision is not surprising at all. As early as March 2020, then-candidate Biden made it clear that he would stop federal oil and gas development if elected. This was followed by additional formal campaign declarations…

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