Bureau of Ocean Energy Management

Dominion Energy's Coastal Virginia Offshore Wind Project Achieves Another Major and On-time Milestone

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Martedì, Ottobre 31, 2023
Record of decision, Decision, BOEM, Construction, Virginia Clean Economy Act, Wind, Coastal Virginia Offshore Wind, Record, Dominion Energy, Maintenance, Bureau, Commonwealth, Bureau of Ocean Energy Management, National Intellectual Property Rights Coordination Center, Virginia Port Authority, Economic development, Eastern Pequot Tribal Nation, Renewable energy

RICHMOND, Va., Oct. 31, 2023 /PRNewswire/ -- Dominion Energy's Coastal Virginia Offshore Wind (CVOW) received a favorable Record of Decision from the Bureau of Ocean Energy Management (BOEM) today.

Key Points: 
  • RICHMOND, Va., Oct. 31, 2023 /PRNewswire/ -- Dominion Energy's Coastal Virginia Offshore Wind (CVOW) received a favorable Record of Decision from the Bureau of Ocean Energy Management (BOEM) today.
  • This is the last major milestone before BOEM approves the Construction and Operations Plan, which authorizes construction to begin offshore.
  • "Receiving a favorable Record of Decision from the Bureau of Ocean Energy Management is a monumental achievement for Dominion Energy and the Coastal Virginia Offshore Wind team.
  • More than 1,000 local jobs will be needed to support ongoing operations and maintenance of this facility after the project is commercial.

First Monopile Foundations for Dominion Energy's Coastal Virginia Offshore Wind Commercial Project Arrive at Portsmouth Marine Terminal

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Venerdì, Ottobre 27, 2023
Coastal Virginia Offshore Wind, BOEM, EEW, Wind, Electricity, Dominion Energy, Maintenance, Bureau, Commonwealth, Bureau of Ocean Energy Management, International Longshoremen's Association, Coordination Center for TLD RU, Virginia Port Authority, Economic development, Renewable energy

RICHMOND, Va., Oct. 27, 2023 /PRNewswire/ -- Dominion Energy's Coastal Virginia Offshore Wind (CVOW) commercial project took one more step to starting construction when the first eight monopile foundations were safely offloaded at Portsmouth Marine Terminal, where they will be staged until installation of the 2.6-gigawatt project, enough electricity to power 660,000 homes, begins in the spring of 2024.

Key Points: 
  • RICHMOND, Va., Oct. 27, 2023 /PRNewswire/ -- Dominion Energy's Coastal Virginia Offshore Wind (CVOW) commercial project took one more step to starting construction when the first eight monopile foundations were safely offloaded at Portsmouth Marine Terminal, where they will be staged until installation of the 2.6-gigawatt project, enough electricity to power 660,000 homes, begins in the spring of 2024.
  • "The delivery of the first foundations is further evidence that our Coastal Virginia Offshore Wind project continues to move forward on time and on budget to provide reliable, affordable and increasingly clean energy to our customers," said Bob Blue, Dominion Energy's chair, president and chief executive officer.
  • "This regulated offshore wind project positions us, and the Commonwealth of Virginia, as leaders in the development of offshore wind and provides many benefits for our customers and local economies."
  • More than 1,000 local jobs will be needed to support ongoing operations and maintenance of this facility after the project is commercial.

Community Offshore Wind Awarded NYSERDA Offtake Contract to Develop 1.3 GW of Offshore Wind for New York

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Martedì, Ottobre 24, 2023
Cooperative research and development agreement, United Nations Ocean Conference, BOEM, NYISO, United Way, Farm, Parent, State, Workforce, Carbon, Wind, General Electric, Fishery, RWE, Bureau of Ocean Energy Management, National Grid, Research, Bureau, NOAA, MWBE, Growth, GE, National Oceanic and Atmospheric Administration, Partnership, New Yorker, Minority business enterprise, Economic development, European Fusion Development Agreement, Climate change, Investment, Today, NYSERDA, Renewable energy, Gulf of Mexico

NEW YORK, Oct. 24, 2023 /PRNewswire/ -- New York State Governor Kathy Hochul today announced that Community Offshore Wind, a joint venture of RWE and National Grid Ventures, was provisionally awarded a 1.3 gigawatt (GW) offtake contract as part of the state's third solicitation for offshore wind.

Key Points: 
  • NEW YORK, Oct. 24, 2023 /PRNewswire/ -- New York State Governor Kathy Hochul today announced that Community Offshore Wind, a joint venture of RWE and National Grid Ventures, was provisionally awarded a 1.3 gigawatt (GW) offtake contract as part of the state's third solicitation for offshore wind.
  • The project awarded by NYSERDA will interconnect into Brooklyn, New York to deliver new offshore wind capacity.
  • Doug Perkins, President and Project Director of Community Offshore Wind: "Community Offshore Wind will propel New York toward its ambitious climate and clean energy goals, while cementing the state as a hub for the continued development of offshore wind in the Northeast.
  • As part of the offtake award from NYSERDA, Community Offshore Wind will play a significant role in strengthening the domestic supply chain.

Dominion Energy Advances Coastal Virginia Offshore Wind Commercial Project; Announces Federal Regulatory Agency Completes Environmental Analysis

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Lunedì, Settembre 25, 2023
Eastern Pequot Tribal Nation, Register, Bureau, CERT Coordination Center, EIS, Government, Wind, Virginia Port Authority, Federal Register, Investment, Dominion Energy, Economic development, Motivation, Coastal Virginia Offshore Wind, Commonwealth, Bureau of Ocean Energy Management, Renewable energy, Hampton Roads

The Final Environmental Impact Statement (EIS) reflects feedback from Tribal Nations, ocean users, local communities, the offshore wind industry and other interested stakeholders, and analyzes potential environmental impacts and mitigation measures associated with CVOW's construction.

Key Points: 
  • The Final Environmental Impact Statement (EIS) reflects feedback from Tribal Nations, ocean users, local communities, the offshore wind industry and other interested stakeholders, and analyzes potential environmental impacts and mitigation measures associated with CVOW's construction.
  • The Notice of Availability for the final EIS will publish in the Federal Register on Friday, September 29, 2023.
  • "The completion of CVOW's environmental review is another significant milestone to keep the project on time and on budget.
  • Dominion Energy is proposing to construct 176 14.7-megawatt wind turbines and three offshore substations in a 112,800-acre commercial lease area located 27 miles off the Virginia Beach coast.

Opportune Publishes a Cost-benefit Analysis of Additional Offshore Bonding for Gulf of Mexico

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Giovedì, Luglio 13, 2023
Banking, Accounting, Professional Services, Business, Oil, Gas, Mining, Minerals, Energy, Natural Resources, Data Analytics, Other Professional Services, Finance, Consulting, Bureau, LLP, Analysis, P&A, Bureau of Ocean Energy Management, OCS, Partner, BOEM, Risk, Complex, Cryptocurrency

Opportune shows within its revised study (the Opportune 2023 Study) how the perceived benefits of the Proposed Rule are wholly disproportionate to any potential risk.

Key Points: 
  • Opportune shows within its revised study (the Opportune 2023 Study) how the perceived benefits of the Proposed Rule are wholly disproportionate to any potential risk.
  • This study reiterates how the current rule and offshore industry practices have adequately protected U.S. taxpayers for decades.
  • “Federal regulations have always required previous owners to remain responsible for the decommissioning costs of wells, pipelines, and other facilities.
  • The current system works, and the underlying risks are miniscule," said Josh Sherman, Partner of Opportune's Complex Financial Reporting practice.

Statement From AVANGRID COO Sy Oytan on U.S. District Court Ruling Related to Vineyard Wind 1 Project

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Giovedì, Maggio 18, 2023
Alternative Energy, Energy, Wind, Bureau of Ocean Energy Management, Vineyard, Federation, AGR, U.S. Department of Justice Office of Legislative Affairs, District court, Justice, U.S. Department of Commerce Office of Security, Douglas v. U.S. District Court ex rel Talk America, NYSE, Renewable energy, S.A

AVANGRID (NYSE: AGR), a leading sustainable energy company, and a member of the group of companies controlled by IBERDROLA, S.A., today released the following statement from Sy Oytan, Chief Operating Officer – Offshore Wind, regarding the U.S. District Court Ruling on Nantucket Residents Against Turbines et al, v. US Bureau of Ocean Energy Management, et.

Key Points: 
  • AVANGRID (NYSE: AGR), a leading sustainable energy company, and a member of the group of companies controlled by IBERDROLA, S.A., today released the following statement from Sy Oytan, Chief Operating Officer – Offshore Wind, regarding the U.S. District Court Ruling on Nantucket Residents Against Turbines et al, v. US Bureau of Ocean Energy Management, et.
  • al.
  • “AVANGRID commends the efforts of the U.S. Department of Justice, the federal government, and the Vineyard Wind 1 project team to defend the nation’s first commercial-scale offshore wind project, and is pleased that the ruling issued by the U.S. District Court acknowledges the rigorous and thorough administrative review that the project underwent over the last many years.
  • AVANGRID is proud of its role in launching the offshore wind industry in the United States, and bringing enough clean energy to power 400,000 homes and businesses in Massachusetts.”

W&T Offshore Announces First Quarter 2023 Results

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Martedì, Maggio 9, 2023
Federal Reserve Bank, Maintenance, LOE, Capital expenditure, Table, Senior, Energy Independence and Security Act of 2007, Safety, Bureau, Audit committee, Income tax, G&A, GAAP, NGL, Balance sheet, Transport, Risk, Sale, Workover, Cost, TTM, EBITDA, Production, State Administrative Expenses, White Noise: A Cautionary Musical, Depreciation, Front-end engineering, Natural gas, Debt, Biophysical environment, Holy Grail, Adjustment, GOM, Bureau of Ocean Energy Management, NYSE, Garden Banks Pipeline, Bank, Security (finance), Bookkeeping, Cryptocurrency, Airline, Video game, Arms industry, Magnolia Field, Mobile Bay, Gulf of Mexico

HOUSTON, May 09, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today reported operational and financial results for the first quarter of 2023.

Key Points: 
  • HOUSTON, May 09, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today reported operational and financial results for the first quarter of 2023.
  • Interest Expense: Net interest expense in the first quarter of 2023 was $14.7 million compared to $14.5 million in the fourth quarter of 2022 and $19.9 million in the first quarter of 2022.
  • During the first quarter of 2023, the Company performed one recompletion and four workovers that positively impacted production for the quarter.
  • The guidance for the second quarter and full year 2023 in the table below represents the Company’s current expectations.

W&T Offshore Apparent High Bidder on Two Gulf of Mexico Blocks in Lease Sale 259

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Martedì, Aprile 4, 2023
Bureau, Sale, Gulf of Mexico, BOEM, GOM, Bureau of Ocean Energy Management, NYSE, Auction

HOUSTON, April 04, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that the Company was the apparent high bidder on two blocks in the Gulf of Mexico (“GOM”) Lease Sale 259 held by the Bureau of Ocean Energy Management (“BOEM”) on March 29, 2023.

Key Points: 
  • HOUSTON, April 04, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that the Company was the apparent high bidder on two blocks in the Gulf of Mexico (“GOM”) Lease Sale 259 held by the Bureau of Ocean Energy Management (“BOEM”) on March 29, 2023.
  • W&T was the apparent high bidder in the most recent GOM lease sale on two shallow water blocks, Eugene Island South Addition block 371 and Eugene Island South Addition block 387.
  • The blocks have a lease term of five years and an 18.75% royalty.
  • Despite submitting the apparent high bid on these leases, the BOEM reserves the right not to award the blocks based on their minimum bidding criteria.

Congress Provides Critical Fix to the Broken GOM Permitting Process in Major Energy Package

Retrieved on: 
Giovedì, Marzo 30, 2023
Marine mammal, ITR, Senate, ESA, MMPA, Bureau, BOEM, Carbon, Endangered species, Wind, NMFS, Congress, National Marine Fisheries Service, Bureau of Ocean Energy Management, CCS, H.R. 1, GOM, House, Legislation, Renewable energy

“As the global trade alliance for the energy geoscience industry, representing the geoscience companies, innovators, and energy developers that use earth science to discover, develop, and deliver energy to our world, the EnerGeo Alliance strongly supported H.R.

Key Points: 
  • “As the global trade alliance for the energy geoscience industry, representing the geoscience companies, innovators, and energy developers that use earth science to discover, develop, and deliver energy to our world, the EnerGeo Alliance strongly supported H.R.
  • We hail the passage of this most important bill that will benefit the U.S. and global energy economy in many ways by reducing the challenges of discovering, developing, and delivering energy to America’s citizens.
  • Additionally, it will also enable energy made in the U.S., spurring the increase in the production and export of American energy, growing the American economy.
  • Geoscientific surveys are not only necessary for accessing mainstay sources of U.S. energy but are also critical for future offshore wind and carbon capture and storage (CCS) projects.

Offshore Wind Industry Power Players Headline 2023 IPF

Retrieved on: 
Giovedì, Marzo 30, 2023
Shell, White House, National Renewable Energy Laboratory, Partnership, Network, Bureau of Safety and Environmental Enforcement, Education, U.S. Department of Defense Strategy for Operating in Cyberspace, McDonnell Aircraft Corporation, Energy, Wind, Government, Development, GE Renewable Energy, New York State Energy Research and Development Authority, Biophysical environment, Bureau of Ocean Energy Management, RWE, Growth, Business network, NYSERDA, Phase, IPF, NREL, United States Department of Energy, Renewable energy, Safety

“We are at an inflection point in our industry and there is no better time or place to bring people together than in the Network’s hometown as we celebrate our tenth anniversary,” said Liz Burdock, founder and CEO of the Business Network for Offshore Wind.

Key Points: 
  • “We are at an inflection point in our industry and there is no better time or place to bring people together than in the Network’s hometown as we celebrate our tenth anniversary,” said Liz Burdock, founder and CEO of the Business Network for Offshore Wind.
  • Deputy Secretary David Turk announced the release of the U.S. Department of Energy’s Offshore Wind Energy Strategy to expand and accelerate domestic offshore wind deployment.
  • The National Renewable Energy Laboratory (NREL) announced the Phase One winners of the FLoating Offshore Wind ReadINess (FLOWIN) Prize which is administered in partnership with the Business Network for Offshore Wind which aims to accelerate the development of U.S. floating offshore wind technology.
  • The largest offshore wind conference in North America, more than 4,000 attendees are convening in Baltimore for IPF from March 28 to March 30, 2023 to debate solutions, develop lasting connections, and hear from experts about the most important issues facing the industry today.