By Laila Kearney NEW YORK, July 1 (Reuters) - Crude exports from the Louisiana Offshore Oil Port (LOOP) are hitting a record high even as U.S. crude exports have fallen as the coronavirus pandemic has chopped worldwide fuel demand. Oil majors Royal Dutch Shell Plc and BP Plc are the main winners from rising LOOP exports, because they pump most of the mid-sour crude exported … [Read more...]
Enterprise Working to Address U.S. Regulatory Delays on Offshore Crude Terminal
June 9 (Reuters) - Enterprise Products Partners LP is working with U.S. officials to advance an offshore crude terminal project after the review schedule was suspended last week, the company said. Enterprise and Enbridge Inc agreed late last year to jointly develop a U.S. Gulf Coast crude export terminal known as Sea Port Oil Terminal (SPOT) that would load supertankers off … [Read more...]
Phillips 66 and Trafigura to Develop Deepwater Port Off Corpus Christi
Photo: Port of Corpus Christi Phillips 66 and Trafigura have formed a joint venture to develop an offshore deepwater port capable of fully loading Very Large Crude Carriers off the Port of Corpus Christi, Texas. The offshore port will consist of up to two single point mooring (SPM) buoys located approximately 21 miles offshore to export crude oil. The joint venture, … [Read more...]
Enbridge, Enterprise to Develop Deepwater Crude Export Terminal in Gulf of Mexico
HOUSTON, Dec 9 (Reuters) - Enterprise Products Partners LP and Enbridge Inc have agreed to jointly develop a U.S. Gulf Coast crude export terminal that would load supertankers off Freeport, Texas, Enbridge said on Monday. The pipeline operators plan to finalize a deal that would provide Enbridge an option to purchase ownership interest in Enterprise's Sea Port Oil Terminal … [Read more...]
U.S. Suspends Review of Phillips 66 Oil Export Terminal Application
HOUSTON, Nov 29 (Reuters) - U.S. maritime officials have suspended a review of oil refiner Phillips 66's application for a U.S. Gulf Coast deepwater export terminal for additional information, but the company said on Friday it would continue outreach efforts to win over residents. Phillips 66 is one of five companies that have applied for U.S. permits to build offshore … [Read more...]