BOEM

Bureau of Ocean Energy Management Issues Final Environmental Impact Statement for Avangrid’s New England Wind Lease Area

Retrieved on: 
Tuesday, March 5, 2024

Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced that the Bureau of Ocean Energy Management (BOEM) has issued the Final Environmental Impact Statement (FEIS) for its New England Wind lease area .

Key Points: 
  • Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced that the Bureau of Ocean Energy Management (BOEM) has issued the Final Environmental Impact Statement (FEIS) for its New England Wind lease area .
  • The New England Wind lease area has the potential to provide approximately 2 Gigawatts to the region, enough clean, reliable energy to power nearly 1 million homes and businesses.
  • “Avangrid is grateful to the Bureau of Ocean Energy Management for its comprehensive environmental review of the New England Wind lease area – which has the potential to deliver approximately 2 Gigawatts of clean, reliable energy, power nearly 1 million households, and advance the region’s ambitious climate goals.
  • “Offshore wind holds immense potential to diversify our energy sources, reduce greenhouse gas emissions, and create high-quality jobs in the clean energy sector.

Empire Wind project hits key federal milestone with COP approval

Retrieved on: 
Thursday, February 22, 2024

The Bureau of Ocean Energy Management today approved the Construction and Operations Plan for Equinor’s Empire Wind project, marking another significant milestone in advancing an important New York offshore wind project that will help deliver on both state and federal renewable energy ambitions.

Key Points: 
  • The Bureau of Ocean Energy Management today approved the Construction and Operations Plan for Equinor’s Empire Wind project, marking another significant milestone in advancing an important New York offshore wind project that will help deliver on both state and federal renewable energy ambitions.
  • With this key permitting action by BOEM secured, Empire Wind is on track to begin construction in its federal lease area off the southern coast of Long Island later this year.
  • Already well advanced in planning and development, Empire Wind 1 could deliver first power to New Yorkers by 2026.
  • Empire Wind 1 is currently bidding into New York’s fourth offshore wind solicitation.

Final Federal Approvals for Dominion Energy's Coastal Virginia Offshore Wind Represent Another Major Milestone Towards Successful Project Completion

Retrieved on: 
Tuesday, January 30, 2024

The Bureau of Ocean Energy Management (BOEM) provided its final approval of CVOW's Construction and Operations Plan (COP), which authorizes construction offshore.

Key Points: 
  • The Bureau of Ocean Energy Management (BOEM) provided its final approval of CVOW's Construction and Operations Plan (COP), which authorizes construction offshore.
  • "Virginia is leading the way for offshore wind as we near the start of offshore construction for Coastal Virginia Offshore Wind," said Bob Blue, Dominion Energy's chair, president, and chief executive officer.
  • "In an important step forward, we are thrilled to see the Coastal Virginia Offshore Wind project receive two major approvals that will place the nation's largest offshore wind farm right off the coast of Virginia," Senator Mark Warner, Senator Tim Kaine and Representative Bobby Scott said in a joint statement.
  • CVOW will consist of 176 turbines and three offshore substations in a nearly 113,000-acre lease area off the coast of Virginia Beach.

Skipjack Wind to be repositioned for future offtake opportunities

Retrieved on: 
Tuesday, January 30, 2024

Today, Ørsted announced that it will reposition Skipjack Wind, a combined 966 MW project under development off the coast of the Delmarva peninsula in the US, for future offtake opportunities.

Key Points: 
  • Today, Ørsted announced that it will reposition Skipjack Wind, a combined 966 MW project under development off the coast of the Delmarva peninsula in the US, for future offtake opportunities.
  • Following consultation with the State of Maryland, Ørsted has withdrawn from the Maryland Public Service Commission orders approving the Skipjack 1 and 2 projects.
  • “Today’s announcement affirms our commitment to developing value creating projects and represents an opportunity to reposition Skipjack Wind, located in a strategically valuable federal lease area and with a state that’s highly supportive of offshore wind, for future offtake opportunities,” said David Hardy, Executive Vice President and CEO of Region Americas at Ørsted.
  • “As we explore the best path forward for Skipjack Wind, we anticipate several opportunities and will evaluate each as it becomes available.

Equinor Bids Shovel-Ready Empire Wind 1 into New York’s Expedited Wind Solicitation

Retrieved on: 
Friday, January 26, 2024

“Empire Wind 1 is ready and so is Equinor,” said Molly Morris, President of Equinor Renewables Americas.

Key Points: 
  • “Empire Wind 1 is ready and so is Equinor,” said Molly Morris, President of Equinor Renewables Americas.
  • Empire Wind 1 is in a clear position to move forward in NY4, while Empire Wind 2 will be further matured for future solicitation rounds.
  • Brooklyn is already home to Empire Wind activity with the New York project office, the Offshore Wind Innovation Hub headquarters and as the future home of the Offshore Wind Learning Center, which will directly support offshore wind education.
  • Empire Wind 1 and Empire Wind 2 received the Federal Record of Decision from BOEM in November 2023.

Talos Energy Announces Portfolio Additions from Lease Sale Results and Execution of Acreage Consolidation Agreements

Retrieved on: 
Friday, December 22, 2023

Separately, Talos executed Lease Exchange Agreements with BP Exploration & Production Inc. ("bp"), Chevron U.S.A. Inc. ("Chevron"), and Hess Corporation ("Hess") under which the parties are consolidating acreage across 15 blocks in the deepwater Green Canyon area of the U.S. Gulf of Mexico.

Key Points: 
  • Separately, Talos executed Lease Exchange Agreements with BP Exploration & Production Inc. ("bp"), Chevron U.S.A. Inc. ("Chevron"), and Hess Corporation ("Hess") under which the parties are consolidating acreage across 15 blocks in the deepwater Green Canyon area of the U.S. Gulf of Mexico.
  • The consolidation provides the parties the ability to execute prospective drilling opportunities more efficiently upon developing the contributed acreage, which includes several identified prospects.
  • Talos President and Chief Executive Officer Timothy S. Duncan commented: "I am pleased with the results of our bidding efforts and for achieving broad success with a high level of activity in Lease Sale 261, adding acreage and prospects to Talos's robust portfolio.
  • Combined with our recently announced Repsol joint venture, our lease sale activity and acreage consolidation agreements provide Talos with inventory depth and lay the groundwork for future exploitation and exploration opportunities.

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

Retrieved on: 
Tuesday, October 31, 2023

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

Retrieved on: 
Friday, October 27, 2023

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

Retrieved on: 
Tuesday, October 24, 2023

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.

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

Retrieved on: 
Thursday, July 13, 2023

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.