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Category: exports

Category:
  • exports
  • USA

Occidental loads first VLCC on USGC-Europe voyage; three more planned

Occidental Petroleum on Thursday is loading Permian Basin crude onto a VLCC at the Moda Ingleside Energy Center near Corpus Christi, Texas, with three more VLCCs booked to follow through Continue Reading

Posted On : 21 Dec 2018 Published By : Tom Whipple
Category:
  • exports
  • USA

Fight Brews in Houston’s Port Over Energy Exports

Accommodating both sides poses a challenge for Port Houston, which has grown thanks to its hometown energy industry but has recently invested hundreds of millions in new infrastructure to attract Continue Reading

Posted On : 20 Dec 2018 Published By : Tom Whipple
Category:
  • exports
  • USA

Louisiana Offshore Port Ships Most Oil Ever on Supertankers

The Louisiana Offshore Oil Port is pushing out the most crude it’s shipped in any one month since the terminal began supertanker exports in February. As the race to build Continue Reading

Posted On : 8 Dec 2018 Published By : Tom Whipple
Category:
  • exports
  • USA

In major shift, U.S. now exports more oil than it ships in

The United States last week exported more crude oil and fuel than it imported for the first time on record, according to data released on Thursday, the same day OPEC Continue Reading

Posted On : 7 Dec 2018 Published By : Tom Whipple
Category:
  • exports
  • USA

U.S. Becomes Net Oil Exporter For First Time In 75 Years

The United States became a net oil exporter last week for the first time in 75 years , and even if it is likely to be for just one week, Continue Reading

Posted On : 7 Dec 2018 Published By : Tom Whipple
Category:
  • exports

Louisiana Port Developers Acquire Site

The Plaquemines Liquids Terminal would open up to 20 million barrels of storage for both crude oil and refined products and export facilities capable of loading Suezmax and VLCC vessels. Continue Reading

Posted On : 28 Nov 2018 Published By : Tom Whipple
Category:
  • exports
  • USA

Does U.S. Oil Really Need More Oil Export Terminals?

When U.S. crude oil exports earlier this year hit a record high of 3 million bpd, there was much joy and back-slapping, but amid this joy a few problems have Continue Reading

Posted On : 2 Nov 2018 Published By : Tom Whipple
Category:
  • exports
  • USA

Rising U.S. crude output sparks race to build export terminals

A high-stakes competition is emerging among energy exporters proposing multi-million-dollar crude terminals along the U.S. Gulf Coast to handle a gusher of shale oil coming from West Texas oilfields. On Continue Reading

Posted On : 31 Oct 2018 Published By : Tom Whipple
Category:
  • exports
  • USA

First USGC onshore VLCC terminal to be developed on Harbor Island by end-2020

The Port of Corpus Christi and global alternative asset manager Carlyle Group agreed to develop the first onshore VLCC loading terminal at Harbor Island by the end of 2020, the Continue Reading

Posted On : 30 Oct 2018 Published By : Tom Whipple
Category:
  • exports
  • USA

U.S. Gulf Coast Crude Exports Fall As Freight Costs Surge

U.S. Gulf Coast crude oil exports have been slowing in recent weeks, due to arbitrage constraints because of surging freight rates, S&P Global Platts reports , citing market participants’ expectations Continue Reading

Posted On : 23 Oct 2018 Published By : Tom Whipple

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