Electrification of oil and
gas production platforms in the Gulf of Mexico by utilizing offshore wind
energy can extend the life of existing oil & gas assets, reduce greenhouse gas emissions (methane and carbon dioxide), and be a
cost-effective entry point to launch the floating offshore wind energy industry
in the Americas. The US Inflation Reduction Act of 2022 includes a provision that mandates the federal government offer new offshore leases in federal waters for oil and gas drilling prior to initiating new leases for offshore solar and offshore wind energy.