National Ocean Industries Association

Check out the latest report by the National Ocean Industries Association on global oil production emissions conducted by ICF, the GHG Emission Intensity of Crude Oil and Condensate Production. Prepared by ICF, the report reveals that the greenhouse gas intensity of U.S. oil production, particularly in the U.S. Gulf of Mexico, is lower compared to most other regions around the world. Total U.S. oil production has a carbon intensity 23% lower than the international average, and the U.S. Gulf of Mexico has a carbon intensity 46% lower than the global average, outperforming other nations like Russia, China, Brazil, Venezuela, Iran, Iraq, and Nigeria. The report showcases the outstanding achievements of the U.S. Gulf of Mexico in producing low carbon intensity barrels while maintaining a thriving energy production system. Based upon the findings from ICF and other leading organizations, the U.S. Gulf of Mexico is at the forefront of delivering among the world’s lowest carbon intensity barrels of oil. NOIA President Erik Milito says, “The U.S. Gulf of Mexico energy production sets the standard for oil and gas production worldwide. The world needs both climate solutions and a growing amount of energy, and we don't have to choose between the two. Thanks to the remarkable efforts of the women and men producing energy in the Gulf of Mexico, we have an incredible source of reliable and responsibly produced energy. The Gulf of Mexico produces a massive amount of energy with a remarkably small footprint, and its continued success is critical for our energy security, national security, and energy affordability. This study validates the importance of the U.S. Gulf of Mexico as a source of energy with demonstrably lower carbon intensity barrels.”   https://bit.ly/41y5btS #energy #oil #gulfofmexico #emissions #ghg

“The current leasing reality is begging for a Congressional fix to provide much-needed regulatory certainty and normalcy for both offshore oil and gas and wind lease sales." Offshore wind continues to show a highly favorable long-term trend. The industry is growing, with companies investing in communities, jobs, and the supply chain. However, this the first year without a federal offshore oil and gas lease sale since 1958 and that after December, the Interior Department cannot hold any more offshore wind lease sales until another offshore oil and gas sale is held. Securing new leases is vital for exploring and developing resources crucial to our nation. Important point made by National Ocean Industries Association President Erik Milito

Today's Central Atlantic offshore wind lease sale by the U.S. Department of the Interior Bureau of Ocean Energy Management yielded nearly $93 million in high bids. Congratulations to Equinor and Dominion Energy. The American offshore wind industry is growing, with companies investing in communities, jobs, and the supply chain. The industry continues to show a highly favorable long-term trend. The lease sale also underscores that Washington needs to do more to maintain this momentum. This will be the first year without a federal offshore oil and gas lease sale since 1958. After this December, the Interior cannot hold any more offshore wind lease sales until another offshore oil and gas sale is held. The current leasing reality is begging for a Congressional fix to provide much-needed regulatory certainty and normalcy for both offshore oil and gas and wind lease sales.

🎙️ New Podcast Alert! 🎧 “This Will Be The First Year Since 1958 Without an Offshore Federal Lease Sale” Tune in to the latest episode of Veriten's C.O.B. Tuesday podcast, where National Ocean Industries Association President Erik Milito joins Maynard Holt for an insightful discussion on the future of offshore energy. 🌊⚡ Erik dives deep into NOIA's advocacy for smart offshore policies covering oil & gas, wind, carbon capture & storage, and critical minerals. He also highlights the crucial role of the Gulf of Mexico and the rise of the U.S. offshore wind sector. Don't miss this knowledge-packed episode! #OffshoreEnergy #NOIA #EnergyPolicy #CCS #OffshoreWind #GulfofMexico

Exciting news for Chevron and a groundbreaking moment for the offshore energy industry! 🚀 Chevron has commenced oil and natural gas production at the Anchor project in the deepwater U.S. Gulf of Mexico, marking a pivotal advancement in the sector. This project is the first to utilize cutting-edge subsea high-pressure technology rated to 20,000 psi, with reservoir depths of 34,000 feet. At peak, Anchor will produce up to 75,000 barrels per day, reinforcing the Gulf of Mexico’s role in low carbon intensity production. Chevron operates Anchor with a 62.86% stake, while TotalEnergies holds 37.14%. This project underscores the importance of consistent leasing, with Chevron securing the initial blocks back in 2003 and 2008. Anchor’s impact goes beyond energy production. The project generated $700M in spending in Texas and Louisiana during construction, with an additional $500M allocated for offshore maintenance and $135M for marine support vessels over its 30-year life. Plus, it created 4M workforce hours during construction and 1.6M during commissioning, benefiting contractors and subcontractors across the region. Huge congratulations to Chevron, TotalEnergies, and everyone involved in bringing this milestone project to life! 🎉 #OffshoreEnergy #DeepwaterProduction #GulfOfMexico #EnergyInnovation

Yesterday, National Ocean Industries Association successfully held our 5th annual Environmental, Social, & Governance (ESG) Workshop in Houston, hosted by Stress Engineering Services, Inc.. This event brought together industry experts to discuss key ESG topics, fostering collaboration and learning. 💼 Highlights from the workshop include: 1️⃣ Women Offshore Panel: Insightful discussions on the unique challenges women face in offshore industries, featuring Andrea M. of RightShip, Laura McFalls of Shell, Lindsay Price of SpaceX, Natalie Grillo, and Liz Schmid of Women Offshore. 2️⃣ Sustainable Offshore Transport: Lauren Lionberger and Stergios Stamopoulos from American Bureau of Shipping (ABS), Dain Detillier of Harvey Gulf International Marine, and Kyle Pemberton of SEACOR Marine Holdings shared innovative low-carbon solutions for reducing environmental impact while maintaining operational efficiency. 3️⃣ ESG Reporting Trends: An update from Jack Belcher of Cornerstone Government Affairs on new SEC and EPA reporting requirements, emphasizing the evolving regulatory landscape. A big thank you to ExxonMobil for sponsoring this impactful event! 🌊

"In Fiscal Year 2023, the U.S. Department of the Interior awarded Louisiana over$156 million through GOMESA, with more than $30 million directly benefiting coastal parishes. By reforming state revenue sharing mechanisms, the RISEE Act promises additional revenue for Louisiana, directly benefiting our residents without increasing taxes. "According to our calculations, Louisiana could receive an additional $1.96 billion over the next 10 years if the cap is lifted. "Increasing Louisiana’s share of revenues by lifting the GOMESA cap and incorporating offshore wind revenues will bolster our coastal resiliency efforts and contribute to habitat protection and restoration initiatives." Danos owner, president, & CEO and National Ocean Industries Association Executive Committee member Paul Danos writes in the Houma Times, that Senator Cassidy's RISEE Act represents a crucial step towards further safeguarding vulnerable communities and businesses impacted by powerful forces such as hurricanes and coastal erosion.

The RISEE Act further connects the dots between responsible offshore energy development and environmental stewardship and coastal restoration and resiliency. Whether it is through coastal restoration, hurricane protection, or infrastructure improvement, the bipartisan bill is a win for coastal communities.

"The need for oil and natural gas resources is not going away. By supporting our oil and natural gas investments and new opportunities in energy advancements, Louisiana can lead America’s energy expansion and be at the forefront of the great American energy renaissance." Great piece by Marc Ehrhardt of Grow Louisiana Coalition (GLAC), Tommy Faucheux of Louisiana Mid-Continent Oil and Gas Association, and Mike Moncla of Louisiana Oil & Gas Association. We would add that Louisiana's vital role in our nation's energy security would be significantly bolstered by Senators Manchin and Barrasso's permitting reform bill. Reforming the permitting process will ensure that both America and Louisiana continue to lead in energy production while safeguarding our natural resources.

ICYMI: The Wall Street Journal Editorial Board supports the Energy Permitting Reform Act of 2024 📰 "Mr. Trump’s convention platform glossed over permitting reform, and nearly everything else. But if the former President wants to drill, baby, drill, and keep electricity and energy costs down, he’ll need help from Congress to make permitting easier." This bipartisan legislation, introduced by U.S. Senator John Barrasso (R-WY) and U.S. Senator Joe Manchin (I-WV), aims to streamline the permitting process, ensuring a more efficient path to energy independence. 🔗 Read more in the WSJ