Enterprise Offers Crude Shipments From Gulf Coast to Cushing
Enterprise Products Partners LP said it would offer spot shipments of crude on an existing pipeline from the U.S. Gulf coast to Cushing, Oklahoma, the delivery point for benchmark U.S. crude futures, as demand to store oil inland surges.The move marks a sharp reversal from recent pipeline projects that were all built connecting inland markets to the Gulf Coast as U.S. crude exports climbed to record highs after Washington lifted a ban in late 2015.However, the coronavirus pandemic has crushed global oil demand and dented U.S.
Enbridge, Enterprise to Develop GoM Crude Export Terminal
Enbridge Inc and Enterprise Products Partners LP on Monday signed an agreement to jointly develop a deepwater offshore crude oil export terminal in the Gulf of Mexico capable of loading Very Large Crude Carriers.Both pipeline operators will work to finalize an equity participation agreement that would provide Enbridge an option to purchase ownership interest in Enterprise's Sea Port Oil Terminal (SPOT), subject to SPOT receiving a deep-water port license…
Enterprise Products to Build GoM Crude Terminal
Enterprise Products Partners LP said on Wednesday it expects to take about two years to construct its oil export project called Sea Port Oil Terminal, or SPOT, in the U.S. Gulf of Mexico.Permitting for the terminal was expected to reach the final stages by the end of the first quarter of 2020 and final approval was expected during the second quarter, a company executive said on its second quarter earnings call.Enterprise Products signed long-term agreements with Chevron Corp to support the development of SPOT…
Enterprise Products Texas Crude Pipeline to Begin Limited Service
Enterprise Products Partners LP's repurposed natural gas liquids pipeline in the Permian Basin will begin limited operations to carry crude oil in February to the U.S. Gulf Coast, the company said on Thursday.The Houston pipeline operator has begun the process of converting its Seminole NGL pipeline to begin carrying more than 200,000 barrels per day (bpd) from West Texas next month for a third party with a long-term contract, CEO James Teague said in a conference call.
Offshore Terminal Plan Slowed by U.S. Shutdown
The U.S. government shutdown has delayed Enterprise Products Partners LP's plan to build a major U.S. crude export terminal off Houston, blocking the pipeline operator from filing paperwork with U.S. regulators, an executive said on Wednesday.Enterprise plans to file a 10,000-page permit application with the U.S. Maritime Administration and the U.S. Coast Guard as soon as the U.S. government reopens. It takes about a year for…
Enterprise Products Partners to Expand Seaway Crude Pipeline System
Enterprise Products Partners LP said on Wednesday it would expand its Seaway crude pipeline system capacity to about 950,000 barrels per day (bpd) from 850,000 bpd.The company said it expects to add drag reducing agents (DRAs) to boost capacity on the Seaway 2 line by about 100,000 bpd by September.Enterprise said it is also evaluating additional expansions of the Seaway system and was mulling NGL pipeline conversions in order…
Enterprise Expects to Load First Supertanker at Texas Port This Month
Seaway Crude Pipeline Company LLC, a joint venture between Enterprise Products Partners LP and Enbridge Inc, plans to load its first supertanker this month at its Texas City marine terminal:* VLCC FPMC C Melody will be loaded with about 1.1 million bbls (2-million-bbl capacity); remaining crude to be transferred in a lightering zone* The VLCC was anchored near Houston as of Wednesday - Thomson Reuters vessel tracking data/shipping source* Enterprise said Midland-Sealy pipeline reached full service capabilities in April and is cur
Dallas Company Secures Permits to Expand Crude Export Hub at Texas Port
Jupiter MLP LLC, a Dallas-based logistics company, has secured permits to expand a crude export dock at the Port of Brownsville in Texas, the latest in a series of moves made by U.S. companies to tap into booming overseas shipments.The expanded dock space will be able to accommodate Suezmax-size vessels, the company said in a statement Thursday.Privately-held Jupiter has also begun the permitting process to build an offshore…
Firms Complain of Contaminated Crude Lifted From U.S. SPR
Three firms that bought crude oil last year from U.S. emergency stockpiles raised concerns about dangerous levels of a poisonous chemical in the cargoes, according to internal Energy Department emails and shipping documents reviewed by Reuters. Problems with crude quality would make the U.S. Strategic Petroleum Reserve (SPR) less useful in an emergency because refiners would need to spend time and money removing contamination before producing fuel.
Part of Seaway Pipeline Shut After Oklahoma Spill
The Seaway Pipeline Co shut down part of its pipeline system following a leak of crude oil in Cushing, Oklahoma on Monday, said Enterprise Products Partners LP , which operates the pipeline in a venture with Enbridge Inc. The 500-mile, 30-inch diameter pipeline system connects the U.S. crude storage hub of Cushing to the Freeport, Texas area, and a terminal and distribution crude oil network that serves all the refineries in the Greater Houston area.
Enterprise Products Approached Williams over Acquisition
Enterprise Products Partners LP approached Williams Companies Inc earlier this summer about combining their businesses, two of the largest U.S. oil and gas pipeline operations, people familiar with the matter said. Merging Williams' natural gas liquids business in the northeastern United States with Enterprise's ATEX pipeline, which runs from that region to Texas, could generate significant revenue and cost synergies for Enterprise. The approach came as oil prices began to recover from a steep slump.
Fire at Enterprise Pascagoula Plant being Investigated
Enterprise Products Partners L.P. (NYSE: EPD) is investigating the cause of a fire that occurred yesterday at its natural gas processing facility in Pascagoula, Mississippi. There were no injuries nor impacts to the surrounding community and the fire was restricted to inside the facility. The situation is under control and the plant has been shut down. Enterprise personnel have been working closely with local emergency responders and the company has notified all appropriate regulatory authorities.
Enterprise to Export its First US Crude after Export Ban Lifted
Enterprise Products Partners LP said on Wednesday it won its first contract to export U.S. crude oil for trader Vitol in what may become the first such cargo exported in almost four decades after Congress last week voted to lift the export ban. The Houston-based pipeline company said in a statement it will be providing pipeline and marine terminal services to load a 600,000-barrel cargo of domestic light crude oil scheduled for the first week of January.
Genesis to buy Enterprise U.S. GoM Pipelines
Pipeline company Genesis Energy LP said it would buy Enterprise Products Partners LP's Gulf of Mexico pipelines and services business for about $1.5 billion to expand its offshore pipelines business. Enterprise said the sale will help fund asset purchases in the Eagle Ford and Permian basin in Texas. The offshore assets being acquired include Enterprise's stake in nine crude oil pipeline systems with more than 1,100 miles of pipeline and nine natural gas pipeline systems totaling about 1,200 miles.
Enterprise Products to Buy Midstream Assets
Pipeline company Enterprise Products Partners LP said it would buy member interests in EFS Midstream LLC from affiliates of Pioneer Natural Resources Co and Reliance Industries Ltd for $2.15 billion. The purchase price of this deal, which is expected to close in the third quarter, will be paid in two installments, Enterprise Products said on Monday. EFS Midstream was formed by affiliates of Pioneer Natural and Reliance Industries in June 2010 to construct…
Enbridge Can Expand Canadian Crude Movements to US Gulf Coast
Enbridge Energy Partners LP says its Flanagan South and joint-venture Seaway pipeline systems can be expanded to move more Canadian heavy crude to the U.S. Gulf Coast, company president Mark Maki said on Friday. The 600,000-barrel-per-day, Illinois-to-Oklahoma Flanagan South pipeline and a new 450,000-bpd Oklahoma-to-Texas Seaway Twin started up in December. Maki said those systems could move up to another 200,000 bpd. Enbridge is a 50 percent partner in Seaway, which is operated by Enterprise Products Partners LP.
Enterprise: Clients Must Pay for Dock Work
Enterprise Products Partners LP said on Wednesday that companies using its crude oil storage facility in the Houston Ship Channel must pay extra for dock services, brushing off complaints from client BP Plc . "We believe if you want a service, you pay for it," Enterprise Chief Operating Officer Jim Teague told analysts when asked about concerns, first reported by the Wall Street Journal, that the company's strong position in Gulf Coast storage gives it too much pricing power. Britain's BP has reportedly told the U.S.
Enterprise Contracts to Boost U.S. Crude Exports
Enterprise bumps up exports through annual contracts; signs 2015 contracts with PDS, Vitol; seeks one more term buyer. U.S. exports of condensate have been given an important boost after pipeline company Enterprise Products Partners LP agreed annual contracts with at least two major trading companies to sell the light crude, trade sources said. Oil producers have been pressing to lift a 40-year-old U.S. ban on crude exports and…
Enterprise Products Buys Controlling Stake in Oiltanking Partners
Pipeline company Enterprise Products Partners LP said it has acquired a 64.7 percent limited partner interest in crude storage provider Oiltanking Partners LP as well as a 2 percent general partner interest for $4.41 billion. The deal will help Enterprise Products build its liquefied petroleum gas export business. Oiltanking Partners owns marine terminals on the Houston Ship Channel and the Port of Beaumont, Texas with a total…
Bakken-to-Cushing Crude Oil Pipeline: Demand Assessment
Enterprise Products Partners says it has started a binding open commitment period to determine shipper demand for capacity on a proposed new pipeline that would originate in the Williston Basin of North Dakota and also serve the Powder River and Denver-Julesburg (“DJ”) Basins. The 30-inch diameter pipeline would extend approximately 1,200 miles to the Cushing hub in Oklahoma and is currently designed to have an initial capacity of approximately 340,000 barrels per day (“BPD”) of crude oil, expandable to more than 700,000 BPD.
