Offshore Energy

Keeps the Economy Growing

95%
Of Operational spending and capital investments stays in America.
$ 30
BILLION
Total industry contributed to America’s gross domestic product in 2016.
$ 115
BILLION
Total industry contributed in revenues to federal government from 2001 – 2018.

Puts Americans to Work

315,000
Total Americans employed in jobs directly or indirectly related to the offshore energy industry.
742,000
Total estimated American jobs supported within 20 years if government opens access to more offshore energy sources.

Secures a Reliable Energy Future

480
TRILLION
Esitmated cubic feet of natural gas in federal offshore areas.
101
BILLION
Esitmated barrels of oil in federal offshore areas.

WISE DECISIONS TODAY PROVIDE ENERGY RELIABILITY TOMORROW

Energy demand is on the rise. Over the next 25 years, we can expect an estimated 20% increase in global energy consumption. We need an “All of the Above” energy policy. Decisions made today will determine whether or not our children will have access to reliable, affordable energy tomorrow.

OPENING ACCESS TO NEW OFFSHORE AREAS

The U.S. produces an estimated 600 million barrels of oil and 4.5 trillion cubic feet of natural gas annually from less than 3% of the Outer Continental Shelf. Opening additional access to the OCS means relying less on foreign countries and more on the United States for energy security. It also means putting more Americans to work – an estimated 742,000 industry supported jobs within 20 years the government opens the OCS to safe and responsible development.

REGULATORY CERTAINTY

Regulatory uncertainty stifles hiring and slows investments. Sensible and consistent offshore energy regulations would enable NOIA members to make decisions today that will accelerate U.S. economic growth tomorrow.

ADVANCING TECHNOLOGY, SAFETY AND ENVIRONMENTAL PERFORMANCE

The oil and natural gas industry as a whole has invested $194 billion since 1990 toward improving the environmental performance of its products, facilities and operations. NOIA members help drive this investing by developing new technologies to protect habitats, safeguard workers and optimize operations while producing the very energy that keeps America strong.