Read the Latest News Affecting the Tank and Terminal Industry
Construction Begins at Contanda Jacintoport Terminal in Houston
BIC Magazine, Oct. 9, 2019
Adding a third Houston-based bulk liquid storage facility to its roster, Contanda broke ground on a new rail containment facility at its Jacintoport Terminal providing up to 3 million barrels of additional petrochemical and chemical storage capacity, rail infrastructure and two deep-water barge docks along the Houston Ship Channel.
Carlyle Group Quits $1 Billion U.S. Oil Export Project
Head Topics, Oct. 19, 2019
Without citing specifics, The Carlyle Group announced Oct. 19 that it was pulling out as a stakeholder of Lone Star Ports, LLC, saying only that Berry Group was now the sole owner of the proposed $1 billion crude terminal near Corpus Christi. The departure by Carlyle Group follows a lawsuit filed in September by Lone Star alleging breach of contract by the private equity firm.
The United States Now Exports Crude Oil to More Destinations than it Imports From
Oil & Gas 360, Oct. 22, 2019
During the first half of 2019, U.S. crude oil exports rose to an average of 2.8 million bpd shipped to an average of 31 countries per month, mostly due to a lifting of the 2015 restrictions imposed on crude export. Conversely, U.S. crude import sources fell from 37 to 27 countries since 2009.
Port of Beaumont Reports Record Revenues, Tonnage
My San Antonio, Oct. 6, 2019
Thanks in large part to a partnership with Jefferson Energy, the Port of Beaumont reported this month a record 6.5 million tons of cargo and $24 million in revenue for fiscal year 2019, with the highest growth being reported in the bulk liquid cargo sector.
Port of Corpus Christi Sets Tonnage Records
The News of San Patricio, Oct. 20, 2019
The Port of Corpus Christi reported a total tonnage of 12.2 million tons for September 2019, a 27% gain over a previous record set in March of 2018. In addition, the port reported several new tonnage records for 2019 including the highest quarter ever at 32.1 million tons.
GlobalData: US Set to Contribute 85% of North America’s Liquids Storage Capacity Growth by 2023
BIC Magazine, Oct. 4, 2019
The U.S. is expected to see about 14.5 million cubic meters of new-build liquid storage capacity by 2023, says industry analysts GlobalData. The new stoarage will account for roughly 85% of the liquid storage growth expected for North America.
Harbor Island Crude Terminal Development Underway on Texas Gulf Coast
World Oil, Oct. 27, 2019
Lone Star Ports, LLC, a Berry Company, is actively negotiating with financial and operational partners to develop its Harbor Island marine crude terminal at the mouth of the Corpus Christi Ship Channel.
ACCC Extends Review of GrainCorp’s Sale of Australian Bulk Liquid Terminals
World-Grain.com, Oct. 24, 2019
The proposed sale of GrainCorp's Australian Bulk Liquid Terminal assets to ANZ Terminals Pth Ltd has been pushed back to Nov. 15, 2019, by the Australian Competition and Consumer Commission, citing a need for an additional timeline review.
Rattler, Oryx Partner to Acquire Reliance Gathering
mrt, Oct. 13, 2019
Diamondback Energy subsidiary Rattler Midstream and Oryx Midstream are teaming up to purchase Reliance Gathering, LLC for $355 million in cash. The sale includes more than 230 miles of pipeline and approximately 200,000 barrels of crude storage in Midland, Martin, Andrews and Ector counties.
Enterprise to Expand Appalachia-to-Texas Ethane Pipeline
LMTonline, Oct. 14, 2019
Houston-based operator Enterprise Products Partners plans to expand its Appalachian-to-Texas pipeline to move natural gas from the Marcellus Shale and Utica Basin fields in Ohio, Virginia and Pennsylvania to its natural gas liquid storage fields outside of Houston.
Brooge Petroleum to Expand Storage Capacity, Refinery Operations
HP, Oct. 10, 2019
With newly leased land in Fujairah, Saudi Arabia just outside the Strait of Hormuz, Brooge Petroleum and Gas Investment Co. proposes to add another 22 storage tanks – about 3.5 million cubic meters total capacity - for crude oil and oil products.
Linefill Underway for Gray Oak Crude Oil Pipeline, Full Service Expected in Q1 2020
S&P Global, Oct. 25, 2019
Linefill's Gray Oak pipeline is scheduled to go live in November with about 900,000 bpd of Eagle Ford and Permian crude flowing to Corpus Christi terminals. Full service is scheduled for Q1 2020.
Rystad Energy: Crude Exports Set to Double by 2022
BIC Magazine, Oct. 16, 2019
In a new forecast by Rystad Energy, U.S. exports are expected to reach 4.7 million bpd by the end of 2020 and 6 million bpd by Q4 2022. One senior analyst from Rystad believes that attacks on oil facilities and rising tensions in the Middle East are sending buyers scrambling to diversify their import sources.
Tallgrass Energy LP: Announces Close Date on Binding Open Season for Pony Express Pipeline Expansion
MarketScreener, Oct. 18, 2019
Tallgrass Energy, LP announced that the binding open season for soliciting commitments on the Pony Express system from Wyoming to Cushing, Oklahoma, closed at 1pm Oct. 30, 2019.
Lawsuit Seeks to Scrap Tough PFAS Drinking Water Standards
U.S. News, Oct. 18, 2019
A group of corporate lawyers and New Hampshire farmers and residents have urged lawmakers in the state to scrap public drinking water standards that exceed federal limits for toxic chemicals.
Canada’s Oil and Gas Sector Wary of Left-Leaning Parties in Minority Government
Oil & Gas 360, Oct. 22, 2019
With the election behind them, Justin Trudeau and the Liberal Party's long-delayed Trans Mountain expansion project could come under renewed fire by Green Party and New Democratic Party opposition. Both parties intend to tackle climate change – even at the expense of scrapping development of Canada's crude oil reserves.
EHCMA appoints Interim Executive Director
BIC Magazine, Oct. 22, 2019
The East Harris County Manufacturer's Association announced the appointment of Dennis Winkler as Interim Executive Director. Winkler is well respected in Harris County and comes to EHCMA with more than 10 years' experience in stakeholder engagement and crisis communication.
Carlyle Group’s Oil Terminal Exit Starts Shakeout of U.S. Crude Exporters
USA News Hub, Oct. 30, 2019
The recent departure of The Carlyle Group, and its deep pockets, from the Lone Star Ports, LLC project reflects a heated environment among the nine proposed deep water terminal projects currently being explored, five of which are already under federal review.
Enterprise Aims for Third Midland-to-ECHO Oil Expansion by Q3 2020
S&P Global, Oct. 28, 2019
Enterprise Products Partners announced plans to add 450,000 bpd to its Midland-to-ECHO crude pipeline by Q3 2020. An additional 450,000 bpd expansion would convert Midland-to-ECHO 2, formerly the Seminole pipeline, back to NGL service.
Magellan Midstream to Redesign Proposed Voyager Crude Pipeline
HartEnergy, Nov. 1, 2019
Magellan Midstream Partners LP, Chief Executive, Michael Mears reported to investors this week that a redesign of the proposed Voyager Crude Pipeline will lower costs, though Magellan has not made a final decision to move forward with the project.
Let It Go - Will New Crude Export Terminals Be 'Frozen' In Favor Of Expansions?
RBN Energy, Oct. 31, 2019
Industry analysts at RBN Energy say that U.S. production growth appears to be slowing, and may explain why producers, traders and midstreamers are pulling back from multi-billion-dollar investments and may look to merely add new capacity to existing terminals.
Judge Upholds Law Allowing Great Lakes Oil Pipeline Tunnel
Michigan Radio, Nov. 1, 2019
A Michigan judge upheld a deal by former Gov. Rick Snyder and Enbridge, Inc., finding that the agreement did not violate the State Constitution. The deal calls for replacement of the Enbridge 5 pipeline in the Straits of Mackinac, a channel which connects Lake Huron with Lake Michigan, with a pipeline running through a tunnel under the lake bottom.