Texas Coast Supertanker Terminal On Track for Late 2022

By Devika Krishna Kumar NEW YORK, Nov 7 (Reuters) - Energy Transfer LP said on Thursday discussions with potential shippers to build an offshore crude export facility in Texas capable of handling supertankers were progressing on schedule, with the project expected to be in service by late 2022 or early 2023. The company has also made advances on the regulatory and permitting … [Read more...]

Carlyle Bails on Corpus Christi VLCC Terminal

By Collin Eaton HOUSTON, Oct 18 (Reuters) - Carlyle Group said on Friday it had dropped out as a stakeholder in Lone Star Ports LLC, which proposed a $1 billion crude oil export terminal near Corpus Christi, Texas. Sean Strawbridge, chief executive of the Port of Corpus Christi, said Carlyle notified the port on Oct. 8 it would no longer proceed with its investment. That … [Read more...]

Occidental Books U.S.-Asia Tanker for Record $13.5 Million

HOUSTON/NEW YORK, Oct 7 (Reuters) - Occidental Petroleum Corp provisionally chartered a supertanker to ship U.S. crude to South Korea for a new record of $13.25 million in November, three shipping sources familiar with the matter said on Monday. The Very Large Crude Carrier (VLCC) Maran Andromeda was chartered by Occidental on Friday for an estimated Nov. 20 departure, … [Read more...]

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...]