Read the Latest News Affecting the Tank and Terminal Industry
Take Me Away: What New Permian Pipeline Capacity Means for Crude Prices and Exports
Seeking Alpha, Sept. 25, 2019
Now the fifth largest producer of crude in the world, the Permian Basin has seen a rapid expansion of pipeline capacity, including Plains All American's Sunrise Pipeline and Enterprise Products Partners Seminole NGL. The increase in capacity has opened opportunities for midstream company expansion while narrowing the cost of Midland crude pricing at Houston and Cushing.
Like Fine Whisky, Texan Oil Exporters Tout Unblended Crude
Listen Now, Sept. 23, 2019
Like a fine single malt scotch, sellers of Texas crude are embracing the idea of "neat" barrels with little to no blending and delivery direct from the oil field to minimize the introduction of contaminants when the crude is mixed or processed in transport systems.
Permian's Oil Riches Also Benefit Corpus Christi
MRT, Sept. 19, 2019
Reaching a milestone of 1 million barrels of crude a day in exports, the Port of Corpus Christi has seen tremendous growth from Permian Basin crude, with conservative estimates of between 2 million and 3 million barrels a day within the next 2-3 years.
Medallion Announces Binding Open Season for Expansion of Crude Oil Pipeline
Market Screener, Sept. 24, 2019
Medallion Pipeline Company announced this week a binding open season to solicit long-term shipper commitments. Medallion proposes to expand two pipeline segments of it Midland Basin system to increase transport of crude to downstream pipelines and markets.
Bahamas Terminal Returns to Full Ops
Rigzone, Sept. 20, 2019
Less than three weeks after Hurricane Dorian ravaged parts of the island chain, Buckeye Partners, L.P. reported their Buckeye Bahamas Hub had returned to full operations.
ISO Releases Much-anticipated IMO 2020 Compliant Fuel Specification
S&P Global, Sept. 19, 2019
As the implementation of IMO's maximum 0.5% sulfur marine fuel mandate nears, the 2020 fuel compliancy specifications have been released. The new document covers general requirements as well as technical considerations such as kinematic viscosity, stability and catalyst fines.
Marketlink Oil Pipeline, Beaumont Terminal Restarted After Storm
Seeking Alpha, Sept. 23, 2019
In the wake of Tropical Storm Imelda, TC Energy has restarted its Marketlink pipeline from Cushing, Okla. to Nederland, Tex., and Phillips 66 resumed its Beaumont Terminal operations at Nederland, Tex.
DHS Official to Congress: Letting Program Lapse Leaves Chemical Plants Prone to Terrorism
The Washington Times, Sept. 11, 2019
With the sunset of the official Chemical Facility Anti-Terrorism Standards (CFATS) program in April 2020, Department of Homeland Security personnel believe an extension of the program would keep chemical facilities safe, but worry that the costs could be burdensome to local businesses.
Houston Ship Channel Expansion Crucial to Nation: Port Chairman
S&P Global, Sept. 12, 2019
Speaking to the Greater Houston Port Bureau, Port Commission chairman Ric Campos said expansion of the Port of Houston was crucial to U.S. national and economic security, and that deepening and widening the Houston Shipping Channel was key to the expansion.
Eagle Ford Terminals Receives First Vessel
BIC magazine, Sept. 16, 2019
Receiving its first vessel at its new Corpus Christi Ship Channel dock, the joint venture between Plains All American Pipeline and Enterprise Products Partners L.P. gives producers another option for moving crude from the Permian Basic and South Texas markets.
Corpus Christi Crude Loadings Hit Record As New Texas Pipelines Open
HartEnergy, Sept. 5, 2019
Hitting an average of 1 million barrels a day being loaded onto vessels docked at Corpus Christi, industry consultants say new pipelines owned by EPIC Midstream and Plains All American Pipeline, L.P, have eased inland bottlenecks from the West Texas Shale field to the South Texas port.
IMO 2020 and What It Means For Midstream
Seeking Alpha, Sept 4, 2019
Shippers and energy companies await the implementation of IMO 2020 regulations regarding sulfur in marine fuel, while also preparing for the broader implications the mandate will have on the demand for crude and refined products.
Have It All - Delaware Basin Producers, Midstreamers Scramble To Add Crude Gathering Pipelines
RBN Energy, Sept. 25, 2019
New pipelines, including Plains All American Cactus II and the EPIC systems, are generating record-setting exports, putting new pressure on producers and midstream partners especially in the Delaware Basin which has seen considerably less new system installation.
Port Neches Pipeline Proposal Discussed
The News Port Neches, Sept 26, 2019
City of Port Neches officials and representatives from TC Energy met recently to discuss the use of a former railroad right of way for a proposed pipeline corridor within the city of Port Neches and near the local high school.
Vessels Consider Burning Raw Crude Oil to Comply with IMO 2020
Safety4Sea, Sept. 30, 2019
To comply with IMO 2020 regulations regarding low-sulfur fuel, some shipping companies are considering using raw crude oil - which requires blending but no refining - as an alternative ship fuel.
Trump: Transform U.S. Strategic Petroleum Reserve Into an Oil Bank
Forbes, Sept. 27, 2019
In response to the attacks on oil production facilities in Saudi Arabia, President Donald J. Trump has tapped the U.S. Strategic Petroleum Reserve, which is estimated to be about 645 million barrels of crude.