By Devika Krishna Kumar NEW YORK, Aug 8 (Reuters) - Energy Transfer LP said on Thursday it was in discussions with potential shippers to build an export facility in Texas capable of handling supertankers, which can transport about 2 million barrels of crude. The facility would be connected to its Nederland, Texas, crude terminal and a final investment decision has not yet … [Read more...]
Enterprise Products in Deal with Chevron to Develop Crude Oil Port
July 30 (Reuters) - Enterprise Products Partners LP signed long-term agreements with a Chevron Corp unit to develop its Sea Port Oil Terminal in the Gulf of Mexico, the companies said in a statement on Tuesday. Enterprise's offshore crude oil terminal is one of at least eight projects proposed off the Texas and Louisiana coasts to export oil from the region's shale … [Read more...]
American Oil Keeps Flowing to China Despite Mounting Trade War
By Sheela Tobben (Bloomberg) -- Washington’s escalating trade war with Beijing hasn’t choked off the flow of American oil to China. At least six million barrels of U.S. crude set off for Chinese refineries in May, according to ship tracking data compiled by Bloomberg. In June, American shipments to the Asian nation are expected to reach at least 4 million barrels, according … [Read more...]
Carlyle-Backed Firm Seeks Guarantee on 2-Year Approval of U.S. Crude Export Project
By Collin Eaton HOUSTON, May 20 (Reuters) - A unit of asset management firm Carlyle Group LP this week will appeal to the Trump administration to guarantee a two-year approval of its South Texas crude export project, officials said. Carlyle-backed Lone Star Ports LLC is vying to open the first new U.S. crude export facility that can fully load supertankers, which will … [Read more...]
U.S. Suspends Review on Trafigura Oil Export Project -Official
HOUSTON, March 15 (Reuters) - U.S. maritime officials have suspended their review of Swiss trader Trafigura AG's application for a Gulf Coast deepwater terminal while they await additional information, a U.S. Coast Guard official said on Friday. Trafigura is one of four groups seeking U.S. permits to build deepwater oil export facilities capable of fully loading supertankers … [Read more...]