HOUSTON, March 28 (Reuters) - A proposed $1 billion deepwater oil-export project moved ahead on Thursday with U.S. private equity firm Carlyle Group agreeing to a 50-year lease on land near Corpus Christi, Texas, for a terminal. Officials of Carlyle-backed Lone Star Ports LLC on Thursday agreed to lease 200 acres along the port of Corpus Christi where it has proposed a … [Read more...]
Environmental Review Could Delay Gulf Coast’s First Deepwater Oil Export Project Up to 18 Months
By Collin Eaton HOUSTON, March 14 (Reuters) - A Carlyle Group $1 billion deepwater crude export project faces a delay of up to 18 months after regulators called for a full environmental review, officials said, a setback in the private equity firm's race to be first to open a new deepwater, U.S. Gulf Coast export hub. Carlyle and commodities trader Trafigura AG are vying to … [Read more...]
Occidental Emerges as Heavy Hitter in U.S. Oil Export Boom
By Devika Krishna Kumar and Florence Tan NEW YORK/HOUSTON, March 11 (Reuters) - Occidental Petroleum Corp has emerged as one of the biggest exporters of U.S. shale oil, rivaling large trading firms and oil majors, in a market now worth more than $150 million every day. It is showing no signs of slowing down, with plans to double crude exports to 600,000 barrels per day … [Read more...]
Texas City Takes on Trading Giant in Testy Fight for Oil Exports
By Stephen Cunningham (Bloomberg) -- Trafigura Group Ltd., the world’s third-largest independent oil trader, is fine as a customer. But the Port of Corpus Christi doesn’t want to see it as a competitor with billions of dollars at stake. Port officials are urging Trafigura to scrap a proposed export terminal located 13 miles off the coast that would compete with an onshore … [Read more...]
Milestone Dredging Contract Awarded in Corpus Christi Ship Channel Deepening Project
The first contract to begin dredging the Port of Corpus Christi ship channel to make room for fully-loaded supertankers has been awarded in what in seen as milestone moment for the future of U.S. energy exports. The U.S. Army Corps of Engineers (USACE) awarded a $92 million construction contract to Great Lakes Dredge & Dock Company to deepen and widen the Corpus Christi … [Read more...]