Enterprise to Develop Offshore Texas Crude Oil Export Terminal
Enterprise Products Partners is planning to develop an offshore crude oil export terminal off the Texas Gulf Coast, which could include 80 miles of 42-inch pipeline to an offshore terminal capable of loading and exporting crude oil at about 85,000 barrels per hour.
The terminal would be capable of fully loading very large crude carriers (VLCC), which have capacities of 2 MMbbls and provide the most efficient and cost-effective solution to export crude oil to the largest international markets in Asia and Europe.
The company has started front-end engineering and design (FEED) and preparing applications for regulatory permitting.
Enterprise completing the second partial loading of a VLCC tanker at its jointly owned Seaway marine terminal in Texas City. The Eagle Victoria is loading about 1.1 MMbbls of crude oil at the Texas City facility.
“On the heels of our second successful loading of a VLCC at the Texas City terminal, we are now planning to expand our capabilities to load crude oil faster and more cost efficiently without the need for lightering vessels,” said A.J. “Jim” Teague, CEO of Enterprise’s general partner.
Related News
Related News
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
Comments