Enterprise

Enterprise Products Partners LP and Navigator Holdings Ltd. said Wednesday the first ethylene cargo has been shipped from their 50/50 joint venture marine terminal at Morgan’s Point on the Houston Ship Channel.

Affiliates of Enterprise Products Partners LP and Enbridge Inc. said Monday they have a letter of intent to jointly develop a deepwater oil terminal in the Gulf of Mexico capable of fully loading very large crude carriers (VLCC).

With record volumes moving across six of Enterprise Products Partners LP’s (EPD) midstream facilities and a slew of new projects recently announced, the company is targeting $3.8 billion in capital expenditures (capex) for 2019 and eyeing $3-4 billion in 2020 spending that would fund organic growth projects.

Enterprise Products Partners LP on Thursday pulled the trigger to build a second propane dehydrogenation (PDH) plant at its Mont Belvieu complex in Texas, in partnership with petrochemical giant LyondellBasell Industries NV.

Houston-based Enterprise Products Partners LP said Thursday it plans to expand and extend its Acadian natural gas system in Louisiana to deliver 1.8-2.1 Bcf/d from the Haynesville Shale to the Gulf Coast export market.

In long-term agreements with Chevron Corp., Enterprise Products Partners on Tuesday agreed to provide more Permian Basin oil takeaway, and it pulled the trigger on a Texas offshore oil terminal.

Houston-based Enterprise Products Partners LP’s volumes climbed almost across the board during the second quarter on stronger activity in the natural gas pipelines, liquids fractionation, petrochemical and oil systems, with most of the business moving supply from the Permian Basin to the Texas coast and beyond.

Enterprise Products Partners LP (EPD) is boosting capital expenditures (capex) for 2019 after reporting record net income during a solid first quarter that included a new high of 900,000 b/d in crude oil volumes from its marine terminals, management said Wednesday.

FERC granted orders for two crude oil expansion projects in the Permian Basin proposed by subsidiaries of EnLink Midstream LLC, but denied an order to a unit of Enterprise Products Partners LP for a similar expansion on concerns with that project’s open season.