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The main dynamical feature of the Gulf of Mexico is the Loop Current, which is a portion, upstream of the Gulf Stream, of the North Atlantic western boundary current that carries ocean waters from the Tropics towards the high latitudes. Tags: Associated Press, business, wind power, Alabama, Louisiana, Texas, Mississippi. March 1, 2023. By harnessing our abundance of renewable natural resources, these projects will unleash economic growth here at home andcreategood paying jobs. Many electric vehicle batteries lose power when it's very cold, News reports say three children have been killed and two other children wounded in an attack at a home in Texas on Friday afternoon, Southern states are more frequently turning to pay-to-use express lanes as a way to address highway congestion without raising taxes. New safeguards to protect offshore personnel and the environment took effect October of 2010. . Get full access to all features within our Business Solutions. The offshore sector has beenbattered by back-to-back busts and a pandemic that forced mass layoffs and bankruptcies. Even as the industry recovers from the pandemic, its offshore investment globally is set to rise only 7% to $155 billion this year, compared withan 18% increasein shale investments, according to Rystad Energy, aconsulting firm. In 2016 NREL reported that the Gulf holds about 15% of the US' gross offshore wind energy potential and 25% of the country's technical offshore wind energy potential. By visiting this website, certain cookies have already been set, which you may delete and block. Not a subscriber or a registered user yet? IHS Markit. Offshore drilling limited to Gulf of Mexico in Biden - CNN All NOAA, Marine, Tropical and Tsunami Services Branch, Offshore waters forecast for the Gulf of Mexico including all zones and synopsis (Mouseover and click the desired area to view the valid Global Ocean Model Currents 0-72 hour forecast data) National Data Buoy Center Condensed Version for radio broadcast, Offshore Waters for the Tropical Atlantic and Caribbean, Offshore waters forecast synopsis for the Gulf of Mexico. You need at least a Starter Account to use this feature. The Shell Perdido offshore production platform in the Gulf of Mexico. Oil and Gas - Gulf of Mexico | Bureau of Ocean Energy Management Luke Metzger, executive director of Environment Texas, in a statement to POWER said, Offshore wind will be a great complement to Texas onshore renewable energy resources. Companies have slashed deepwater exploration budgets primarily in response to recent oil busts and the pandemic, which squeezed revenues. and there's a bounty of inshore, nearshore, and offshore fisheries to explore. Were sitting in a situation where its been coming up on two years without the issuance of offshore leases, likely to be three or four, said Erik Milito, NOIAs president. Floating turbines enable wind farm deployments in deeper water. Latest News, Program Information Long-term state offshore wind targets increased 79% last year.