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A group of Republican-led states filed a lawsuit on Friday challenging a ban announced by outgoing Democratic U.S. President Joe Biden earlier this month on new offshore oil and gas development ...
(The Center Square) – U.S. Sen. Ted Cruz, R-TX, filed a new bill to bolster U.S. energy production, led by the Texas oil and natural gas industry. Cruz on Thursday filed a bill to repeal a tax ...
President Biden banned offshore oil and gas drilling on over 625 million acres of federal waters, making it a reversal for President-elect Donald Trump difficult.
Despite some fluctuations due to new deep-water discoveries and technological advancements, offshore production continues to play a crucial role in the U.S. energy landscape. [1] In 2023, federal offshore tracts produced approximately 15% of the oil and 2% of the natural gas in the United States.
Offshore drilling has continued in offshore Texas and Louisiana. In 2006, an 8,300,000-acre (34,000 km 2) area in the Gulf of Mexico known as lease 181 was opened for exploration. [10] The existing moratorium on leasing on the Outer Continental Shelf expired in 2012, and the debate is on whether or not to extend it. [citation needed]
Hywind Tampen is the world’s first renewable energy power source for offshore oil and gas, and when commissioned was the world's largest floating offshore wind farm. At full capacity, Hywind Tampen will provide 35% of the electricity demand for Snorre and Gullfaks.
While Biden views his offshore drilling ban as a way to hasten the United States’ “transitio[n] to a clean energy economy,” his successor wants to maximize U.S. oil and gas production to ...
Europe is the leader in offshore wind energy, with the first offshore wind farm (Vindeby) being installed in Denmark in 1991. As of 2010, there were 39 offshore wind farms in waters off Belgium, Denmark, Finland, Germany, Ireland, the Netherlands, Norway, Sweden and the United Kingdom, with a combined operating capacity of 2,396 MW.