Sentinel Midstream, Freepoint Commodities Partner on Deepwater Oil Facility
Sentinel Midstream has announced its partnership with Freepoint Commodities (Freepoint) to construct and operate the Texas GulfLink deepwater crude oil export facility.
Texas GulfLink will be located off the coast of Freeport, Texas, and will be capable of fully loading Very Large Crude Carrier (VLCC) vessels.
Texas GulfLink will include an onshore oil storage terminal connected by a 42" pipeline to a manned offshore platform approximately 30 miles off the Gulf Coast.
From the platform, the oil will be transported to two Single Point Mooring buoys to allow for VLCCs to receive two million barrels of crude oil with loading rates up to 85,000 barrels per hour.
"We are pleased with the additional level of commercial support that Freepoint's involvement will provide to Texas GulfLink," said Sentinel Midstream President and CEO, Jeff Ballard. "Through their Asian market focus, Freepoint will lead efforts to meet the growing demand from Asian refineries for US produced crude oil."
"Freepoint recognizes the significant experience that the Texas GulfLink team has in deepwater port projects and the team's ability to construct and operate to the highest standards," said Freepoint CEO David Messer. "The Texas GulfLink project will help meet the demands our customers have to reliably source US crude oil through a neutral infrastructure export option."
Related News
Related News
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
- Williams Delays Louisiana Pipeline Project Amid Dispute with Competitor Energy Transfer
- Evacuation Technologies to Reduce Methane Releases During Pigging
- Editor’s Notebook: Nord Stream’s $20 Billion Question
- Enbridge Receives Approval to Begin Service on Louisiana Venice Gas Pipeline Project
- Russian LNG Unfazed By U.S. Sanctions
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
Comments