Wednesday, October 4, 2023

There will only be 3 offshore oil and gas lease sales in the Gulf of Mexico in the next 5 years according to the Final National OSC Program!

Happy Hump Day aka Wednesday! 

There’s been a lot going on in the U. S. Department of Interior’s Bureau of Ocean Energy Management (BOEM) last week, when they announced moving forward with the offshore oil and gas leases as they agreed in the Inflation Reduction Act (IRA).  Did anyone happen to read The Houston Chronicle’s Business Section on September 30, 2023, their article titled, “Offshore oil, gas lease sales cut to fewest in U.S. History”?  In the article, it goes on to speak about the number of oil and gas lease sales the Department of Interior announced for the next five years in the Gulf of Mexico.  The BOEM announced there will be three offshore oil and gas lease sales for the Gulf of Mexico in 2025, 2027, and 2029.  This number has to do with the agreement which was made to create 30 gigawatts of offshore wind farms by 2030 in the U.S.’s strive to have a clean energy future and help us keep our energy independence.   The administration’s decision came from a comment period for the Proposed National Outer Shelf Oil and Gas Leasing Program and Draft Programmatic Environmental Impact Statement (EIS) for the 2024-2029 National Outer Continental Shelf Oil and Gas Leasing Program (National OSC Program) where 760,000 comments were collected.  The National OCS Program’s Final Program and the Final EIS will be published in the Federal Registrar and will then be under a minimum 60-day waiting period before the final program is approved.  If you would like to read more of The Houston Chronicle’s article on PressReader, please click the link: PressReader.com - Digital Newspaper & Magazine Subscriptions.

If you would like to see what the DOI has to say about oil and gas lease sales; please click the link: https://www.doi.gov/pressreleases/reflecting-americas-rapid-and-accelerating-shift-clean-energy-interior-department.  

If you would like help in looking into how to transport your product efficiently, safely, and with less of a carbon footprint, contact us via email in the blog and check out our ESC website!

We hope you have a wonderful evening and a great rest of your week! 

**Disclaimer: You may be charged a fee to read The Houston Chronicle’s article. **