10 companies compete for Texas offshore export terminal for large ships

S&P Global:
With developers of about 10 projects racing to build deepwater crude export terminals off Texas and Louisiana, Enbridge only sees enough demand for one of them in the late 2021-early 2022 timeframe, the company said in its fourth-quarter 2018 earnings call.

Enbridge, Kinder Morgan and Oiltanking have proposed the Texas Colt Offshore Loading Terminal offshore Freeport, Texas. It would be capable of loading VLCCs directly, something only the Louisiana Offshore Oil Port can currently do.

The joint venture filed an application with the US Maritime Administration in January, a process that will take about a year to complete.
...
Enbridge CEO Al Monaco said the company is seeking to get more infrastructure positioned for oil and natural gas export markets as a strategic priority. He pointed to an expansion of the 850,000 b/d Seaway Pipeline from Cushing, Oklahoma, to Freeport, and buying a 22.75% stake in the 900,000 b/d Gray Oak Pipeline, which runs from the Permian Basin to Corpus Christi and Houston in Texas, as examples of this.
...
The Texas Gulf Coast has several export terminals being upgraded and expanded.  Texas is getting closer to having the infrastructure in place to get the oil from the Permian Basin to the coast.

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

Is the F-35 obsolete?

Headline USA: Pentagon Fires Back after Musk Calls Its Most Expensive Project ‘Obsolete’ 'Yeah, as I'm sure you can appreciate, Mr. Musk is, currently, a private citizen, I'm not going to make any comments about what a private citizen may have to say about the F-35....'   ... ... Drones appear to be replacing jets for many operations.  The Russia-Ukraine war is an example of that.  Drones are often hard to detect and can be used for intelligence operations as well as for attacking enemy targets.  It would not surprise me to see drones engaging other drones in combat.  They also cost much less than manned fighters.  
Read more

Apple's huge investment in US including Texas facility

Blaze: Apple announced a $500 billion commitment to infrastructure in the United States over four years, its largest commitment to domestic spending to date. Apple said it will expand teams and facilities in Arizona, California, Iowa, Michigan, Nevada, North Carolina, Oregon, Texas, and Washington as part of its new spending. With a new facility in Houston, Texas, Apple will reportedly double its investment in advanced manufacturing along with increasing investments in AI and silicon engineering. The company said in a press release that the Houston facility will produce servers to support Apple Intelligence, the "personal intelligence system that helps users write, express themselves, and get things done." ... The Texas facility will be for advanced technologies.   Texas has become a place that is very supportive of the tech industries.  Austin and Houston have seen much of the tech growth in the state.  Texas universities have been active in the AI field.
Read more