Bureau of Ocean Energy Management
-
The new plan will replace the current roadmap that contains just three planned Gulf of Mexico lease sales. -
The operator’s deepwater discovery in the Gulf of Mexico is potentially commercial, and government analysis indicates the gulf holds 1.3 billion BOE more reserves than estimated.
-
The environmental impact statement is a required step before another lease sale can be held in the Gulf of Mexico, a move welcomed by the oil and gas industry.
-
The environmental analysis found no significant effects from issuing leases.
-
The lawsuit was filed against the US Bureau of Ocean Energy Management, which has said the rule could affect around three-quarters of operators in the Gulf of Mexico.
-
Projects across the globe are exploring the power of offshore wind in an effort to reach net zero.
-
The final rule amends existing regulations and increases the level of financial assurances that operators must provide in advance.
-
The department says the four areas, totaling 410,000 acres, have the potential to power 1.2 million homes.
-
The bureau estimates that the project, previously known as Vineyard Wind South, would generate up to 2,600 MW of electricity, enough to power more than 900,000 homes.
-
The areas are expected to have the potential to supply 2.4 GW of clean renewable energy.
Page 1 of 5