***This article was written by Oceaneering's Robert Kessler, Maritime Program Manager of Global Data Solutions, for the November 2017 Exclusive Story on The American Oil & Gas Reporter.
High bids by major oil producers in a recent Gulf of Mexico offshore auction point toward a resurgence of interest in deepwater exploration. This year’s bids totaled $121 million—nearly a seven-fold increase over the bids on the Outer Continental Shelf auctioned last summer by the Bureau of Ocean Energy Management (BOEM).
The Block Island Wind Farm, located 22 miles off the coast of Rhode Island, went into full production in December, 2016. It is America's first offshore wind farm and will deliver electricity into the New England energy grid by a submarine transmission cable system, called sea2shore.