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...]

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...]

Why Are Supertankers Hauling Seawater Into The USA?

by Julian Lee (Bloomberg) - Supertankers hauling seawater across the Atlantic? That's just one of the odder results of the U.S. shale boom. Crude oil has always flowed backwards and forwards across the world’s oceans. A typical voyage by one of the global fleet of around 750 of the giant ships currently in service might see it haul Middle Eastern exports across the … [Read more...]

Magellan Eyeing Freeport, Texas for Crude Export Terminal

HOUSTON, Jan 24 (Reuters) - Magellan Midstream Partners LP has begun talks with companies developing crude transportation assets in Freeport, Texas, as it considers building a U.S. crude export terminal there instead of its previously planned spot off Corpus Christi, an executive said on Thursday. The Houston pipeline operator is still actively exploring the construction of … [Read more...]

Carlyle Group Names Manager for U.S. Crude Export Terminal in Corpus Christi

By Collin Eaton HOUSTON, Dec 14 (Reuters) - Lone Star Ports LLC will lead development and operation of a Carlyle Group-backed crude export terminal in Corpus Christi, Texas, that can fully load supertankers, according to a statement from the project leaders on Friday. Carlyle Group and the Port of Corpus Christi Authority in October jointly proposed building a $1 billion … [Read more...]