U.S. Doubles Oil Exports In 2018
The United States nearly doubled its oil exports in 2018, the Energy Information Administration reporting on Monday, from 1.2 million barrels per day in 2017. The 2.0 million barrels of Continue Reading
Key Buyers Push US Oil Exports to Record Highs
Total weekly U.S. crude and product exports should be consistently outpacing imports starting in 2020. Constantly evolving hydraulic fracturing and horizontal drilling technologies have opened up more U.S. petroleum resources Continue Reading
US Coast Guard rescinds Houston Ship Channel contamination zone draft limitation
The US Coast Guard has rescinded a 34-foot draft limitation on shipping in a Houston Ship Channel contamination zone between Tucker’s Bayou and Light 116 and resumed two-way traffic for Continue Reading
US offshore oil, gas plan will be winnowed down: Interior nominee
The Trump administration’s plan to expand offshore oil and gas leasing to nearly all federal waters will be “winnowed down,” potentially in response to opposition from governors of coastal states, Continue Reading
Carlyle takes step forward on $1 billion U.S. oil-export project
A proposed $1 billion deepwater oil-export project moved ahead on Thursday with U.S. private equity firm Carlyle Group agreeing to a 50-year lease on land near Corpus Christi, Texas, for Continue Reading
From Texas to the World: Surge of US Oil Exports On the Way
Oil trader Paul Vega is at the vanguard of shale’s next revolution. Driving his pick-up truck through the heartland of the Permian basin — the vast tract of west Texas scrub Continue Reading
U.S. ‘’Oil Weapon’’ Could Change Geopolitics Forever
In a dynamic that shows just how far U.S. oil production has come in recent years, the U.S. Energy Information Administration (EIA) said on Monday that in the last two Continue Reading
Exclusive: Environmental review could delay Carlyle deepwater oil export project up to 18 months
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 Continue Reading
CERAWeek: Port of Corpus Christi to load Aframaxes, Suezmaxes for export by October 2020
The Port of Corpus Christi should be able to load Aframaxes, Suezmaxes and partially loaded VLCCs to export US crude to international markets by October 2020, an executive with The Continue Reading
Exclusive: Occidental emerges as heavy hitter in U.S. oil export boom
Occidental Petroleum Corp has emerged as one of the biggest exporters of U.S. shale oil, rivaling large trading firms and oil majors, in a market now worth more than $150 Continue Reading