Energy Transfer in Talks to Build U.S. Gulf Coast VLCC Export Facility

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...]

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...]