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...]

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...]